Fidelity National Information Services, Inc. (NYSE:FIS – Get Free Report) declared a quarterly dividend on Thursday, July 30th. Investors of record on Friday, September 11th will be paid a dividend of 0.44 per share by the information technology services provider on Friday, September 25th. This represents a c) dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend is Friday, September 11th.
Fidelity National Information Services has increased its dividend payment by an average of 0.0%annually over the last three years and has increased its dividend every year for the last 1 years. Fidelity National Information Services has a payout ratio of 28.2% indicating that its dividend is sufficiently covered by earnings. Analysts expect Fidelity National Information Services to earn $6.87 per share next year, which means the company should continue to be able to cover its $1.76 annual dividend with an expected future payout ratio of 25.6%.
Fidelity National Information Services Price Performance
Shares of NYSE FIS opened at $46.02 on Friday. Fidelity National Information Services has a 1-year low of $37.42 and a 1-year high of $80.99. The firm has a market capitalization of $23.79 billion, a PE ratio of 8.92, a P/E/G ratio of 0.46 and a beta of 0.80. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.59 and a quick ratio of 0.59. The business’s fifty day moving average price is $41.03 and its two-hundred day moving average price is $46.72.
Institutional Trading of Fidelity National Information Services
A number of hedge funds have recently bought and sold shares of the company. Salomon & Ludwin LLC boosted its holdings in shares of 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 worth $26,000 after buying an additional 194 shares during the period. Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of Fidelity National Information Services by 251.4% during 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 during the period. Reflection Asset Management acquired a new stake in shares of Fidelity National Information Services during the fourth quarter valued at approximately $34,000. Kemnay Advisory Services Inc. purchased a new stake in shares of Fidelity National Information Services in the 4th quarter valued at approximately $42,000. Finally, MBM Wealth Consultants LLC acquired a new position in Fidelity National Information Services in the 1st quarter worth approximately $33,000. 96.23% of the stock is owned by hedge funds and other institutional investors.
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.
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