Clear Trail Advisors LLC acquired a new position in Fidelity National Information Services, Inc. (NYSE:FIS – Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 38,965 shares of the information technology services provider’s stock, valued at approximately $2,590,000.
Other institutional investors have also recently added to or reduced their stakes in the company. AGF Management Ltd. acquired a new stake in shares of Fidelity National Information Services during the 3rd quarter worth approximately $3,096,000. Independent Advisor Alliance boosted its position in Fidelity National Information Services by 177.8% during the 3rd quarter. Independent Advisor Alliance now owns 39,987 shares of the information technology services provider’s stock valued at $2,637,000 after purchasing an additional 25,593 shares during the period. Assetmark Inc. boosted its position in Fidelity National Information Services by 45.1% during the 3rd quarter. Assetmark Inc. now owns 265,518 shares of the information technology services provider’s stock valued at $17,508,000 after purchasing an additional 82,518 shares during the period. LBP AM SA grew its stake in Fidelity National Information Services by 1,777.2% during the 3rd quarter. LBP AM SA now owns 72,984 shares of the information technology services provider’s stock worth $4,813,000 after buying an additional 69,096 shares during the last quarter. Finally, Nordea Investment Management AB increased its position in Fidelity National Information Services by 15.4% in the fourth quarter. Nordea Investment Management AB now owns 1,440,210 shares of the information technology services provider’s stock worth $96,048,000 after buying an additional 191,957 shares during the period. Institutional investors own 96.23% of the company’s stock.
Fidelity National Information Services Price Performance
Shares of FIS opened at $49.76 on Tuesday. Fidelity National Information Services, Inc. has a one year low of $46.16 and a one year high of $82.74. The stock’s fifty day moving average is $52.77 and its 200-day moving average is $61.36. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.59 and a current ratio of 0.59. The firm has a market capitalization of $25.60 billion, a price-to-earnings ratio of 68.16, a price-to-earnings-growth ratio of 0.49 and a beta of 0.90.
Fidelity National Information Services Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 24th. Stockholders of record on Tuesday, March 10th will be issued a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 3.5%. This is a boost from Fidelity National Information Services’s previous quarterly dividend of $0.40. The ex-dividend date is Tuesday, March 10th. Fidelity National Information Services’s payout ratio is 241.10%.
Analyst Upgrades and Downgrades
Several equities analysts have recently issued reports on the stock. Cantor Fitzgerald initiated coverage on shares of Fidelity National Information Services in a report on Tuesday, January 27th. They set an “overweight” rating and a $72.00 price target for the company. Stephens dropped their price objective on shares of Fidelity National Information Services from $90.00 to $85.00 and set an “overweight” rating on the stock in a report on Friday, January 16th. JPMorgan Chase & Co. reduced their target price on shares of Fidelity National Information Services from $80.00 to $65.00 and set an “overweight” rating for the company in a research note on Thursday, February 12th. Weiss Ratings restated a “sell (d)” rating on shares of Fidelity National Information Services in a research report on Thursday, January 22nd. Finally, Argus dropped their price target on shares of Fidelity National Information Services from $92.00 to $65.00 and set a “buy” rating on the stock in a research note on Thursday, February 26th. Fourteen investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $69.86.
Get Our Latest Analysis on FIS
Insider Activity at Fidelity National Information Services
In related news, Director Jeffrey A. Goldstein acquired 941 shares of the stock in a transaction that occurred on Thursday, January 15th. The shares were acquired at an average price of $64.11 per share, for a total transaction of $60,327.51. Following the completion of the purchase, the director directly owned 14,529 shares of the company’s stock, valued at $931,454.19. The trade was a 6.93% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Stephanie Ferris bought 19,846 shares of the company’s stock in a transaction that occurred on Thursday, March 5th. The shares were purchased at an average cost of $50.39 per share, for a total transaction of $1,000,039.94. Following the acquisition, the chief executive officer owned 281,458 shares of the company’s stock, valued at $14,182,668.62. This represents a 7.59% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Company insiders own 0.21% of the company’s stock.
About Fidelity National Information Services
Fidelity National Information Services (NYSE: FIS) is a global provider of financial technology solutions and services for banks, capital markets firms, merchants and corporations. The company develops and delivers software, processing, and outsourcing services that support core banking, payments and merchant acquiring, wealth and retirement platforms, risk and compliance, and trading and capital markets operations. Its offerings include cloud-based and on-premises core banking systems, card processing and gateway services, e-commerce and point-of-sale payment solutions, and a range of back-office and advisory services designed to automate and modernize financial operations.
FIS serves a broad international client base across North America, Europe, Latin America, and the Asia-Pacific region through a combination of direct clients and partner channels.
Further Reading
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