Lighthouse Investment Partners LLC purchased a new stake in Fidelity National Information Services, Inc. (NYSE:FIS – Free Report) during the third quarter, according to its most recent disclosure with the SEC. The firm purchased 287,220 shares of the information technology services provider’s stock, valued at approximately $18,939,000. Fidelity National Information Services makes up approximately 0.6% of Lighthouse Investment Partners LLC’s holdings, making the stock its 25th biggest holding.
Other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC purchased a new position in shares of Fidelity National Information Services in the fourth quarter valued at approximately $347,000. Geneos Wealth Management Inc. increased its position in shares of Fidelity National Information Services by 70.1% during the first quarter. Geneos Wealth Management Inc. now owns 1,046 shares of the information technology services provider’s stock worth $78,000 after purchasing an additional 431 shares in the last quarter. Sivia Capital Partners LLC acquired a new position in Fidelity National Information Services in the 2nd quarter valued at $302,000. Allworth Financial LP raised its stake in Fidelity National Information Services by 27.7% in the 2nd quarter. Allworth Financial LP now owns 4,411 shares of the information technology services provider’s stock valued at $359,000 after purchasing an additional 956 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in Fidelity National Information Services by 6.4% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 128,856 shares of the information technology services provider’s stock valued at $10,490,000 after purchasing an additional 7,722 shares in the last quarter. 96.23% of the stock is currently owned by institutional investors and hedge funds.
Fidelity National Information Services Trading Up 0.9%
FIS opened at $49.69 on Monday. The stock has a market capitalization of $25.56 billion, a PE ratio of 68.06, a P/E/G ratio of 0.49 and a beta of 0.90. Fidelity National Information Services, Inc. has a one year low of $46.16 and a one year high of $82.74. 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 business’s 50 day moving average price is $54.81 and its 200 day moving average price is $62.18.
Fidelity National Information Services Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 24th. Investors of record on Tuesday, March 10th will be given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend is Tuesday, March 10th. This is a positive change from Fidelity National Information Services’s previous quarterly dividend of $0.40. Fidelity National Information Services’s dividend payout ratio is 241.10%.
Insider Activity
In related news, CEO Stephanie Ferris bought 19,846 shares of the firm’s stock in a transaction on Thursday, March 5th. The shares were bought at an average price of $50.39 per share, with a total value of $1,000,039.94. Following the completion of the transaction, the chief executive officer directly owned 281,458 shares of the company’s stock, valued at $14,182,668.62. This represents a 7.59% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jeffrey A. Goldstein bought 941 shares of the stock in a transaction on Thursday, January 15th. The shares were bought at an average cost of $64.11 per share, with a total value of $60,327.51. Following the purchase, the director owned 14,529 shares of the company’s stock, valued at $931,454.19. This trade represents a 6.93% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 0.21% of the stock is currently owned by insiders.
Analyst Ratings Changes
Several equities research analysts have issued reports on the stock. Stephens lowered their target price on shares of Fidelity National Information Services from $90.00 to $85.00 and set an “overweight” rating on the stock in a research note on Friday, January 16th. BNP Paribas Exane decreased their price target on shares of Fidelity National Information Services from $60.00 to $55.00 and set an “underperform” rating on the stock in a research note on Tuesday, January 20th. Truist Financial lowered their price target on shares of Fidelity National Information Services from $69.00 to $57.00 and set a “hold” rating on the stock in a research report on Tuesday, March 3rd. The Goldman Sachs Group started coverage on shares of Fidelity National Information Services in a research note on Monday, March 9th. They set a “buy” rating and a $70.00 price objective for the company. Finally, Compass Point decreased their target price on shares of Fidelity National Information Services from $90.00 to $81.00 and set a “buy” rating on the stock in a research note on Tuesday, January 13th. Fourteen investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $69.86.
Get Our Latest Analysis 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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