Moore Capital Management LP purchased a new stake in Fidelity National Information Services, Inc. (NYSE:FIS – Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 353,600 shares of the information technology services provider’s stock, valued at approximately $23,500,000.
Other large investors have also added to or reduced their stakes in the company. Salomon & Ludwin LLC boosted its holdings in Fidelity National Information Services by 100.5% in the fourth quarter. Salomon & Ludwin LLC now owns 387 shares of the information technology services provider’s stock valued at $26,000 after acquiring an additional 194 shares in the last quarter. Raiffeisen Bank International AG bought a new stake in Fidelity National Information Services in the third quarter valued at $29,000. GoalVest Advisory LLC bought a new stake in Fidelity National Information Services in the fourth quarter valued at $33,000. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in Fidelity National Information Services by 251.4% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 506 shares of the information technology services provider’s stock valued at $34,000 after acquiring an additional 362 shares in the last quarter. Finally, Kemnay Advisory Services Inc. bought a new stake in Fidelity National Information Services in the fourth quarter valued at $42,000. Institutional investors own 96.23% of the company’s stock.
Fidelity National Information Services Stock Performance
Shares of Fidelity National Information Services stock opened at $38.61 on Thursday. The business has a fifty day simple moving average of $43.76 and a two-hundred day simple moving average of $52.29. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 1.05. The firm has a market capitalization of $19.96 billion, a P/E ratio of 7.48, a P/E/G ratio of 0.39 and a beta of 0.78. Fidelity National Information Services, Inc. has a 12 month low of $37.91 and a 12 month high of $82.74.
Fidelity National Information Services Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Thursday, June 11th will be given a $0.44 dividend. The ex-dividend date of this dividend is Thursday, June 11th. This represents a $1.76 dividend on an annualized basis and a yield of 4.6%. Fidelity National Information Services’s payout ratio is 34.11%.
Wall Street Analysts Forecast Growth
Several analysts recently weighed in on the stock. Stephens cut their price target on shares of Fidelity National Information Services from $85.00 to $65.00 and set an “overweight” rating on the stock in a report on Friday, May 8th. Weiss Ratings raised Fidelity National Information Services from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, May 11th. The Goldman Sachs Group lowered their price objective on Fidelity National Information Services from $65.00 to $57.00 and set a “buy” rating for the company in a research report on Monday, May 11th. Wells Fargo & Company lowered their price objective on Fidelity National Information Services from $81.00 to $67.00 and set an “overweight” rating for the company in a research report on Wednesday, February 25th. Finally, Wall Street Zen lowered Fidelity National Information Services from a “buy” rating to a “hold” rating in a research report on Sunday, May 17th. Thirteen research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $61.33.
Check Out Our Latest Report on Fidelity National Information Services
Fidelity National Information Services Company Profile
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.
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