Atria Wealth Solutions Inc. trimmed its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS – Free Report) by 14.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,768 shares of the information technology services provider’s stock after selling 632 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Fidelity National Information Services were worth $256,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also bought and sold shares of the stock. BlackRock Inc. grew its position in Fidelity National Information Services by 3.0% during the 1st quarter. BlackRock Inc. now owns 58,898,093 shares of the information technology services provider’s stock worth $3,199,933,000 after acquiring an additional 1,728,137 shares during the last quarter. Dodge & Cox grew its position in shares of Fidelity National Information Services by 4.9% in the 1st quarter. Dodge & Cox now owns 27,493,640 shares of the information technology services provider’s stock worth $1,493,729,000 after buying an additional 1,273,025 shares during the last quarter. State Street Corp grew its position in shares of Fidelity National Information Services by 1.4% in the 1st quarter. State Street Corp now owns 26,456,658 shares of the information technology services provider’s stock worth $1,437,381,000 after buying an additional 367,417 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its position in shares of Fidelity National Information Services by 34.0% in the 1st quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 11,216,799 shares of the information technology services provider’s stock worth $609,409,000 after buying an additional 2,848,636 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Fidelity National Information Services by 1.0% in the 1st quarter. Geode Capital Management LLC now owns 10,572,297 shares of the information technology services provider’s stock worth $573,144,000 after buying an additional 107,041 shares during the last quarter. 85.67% of the stock is currently owned by institutional investors.
Fidelity National Information Services Stock Up 0.7 %
Fidelity National Information Services stock opened at $57.28 on Tuesday. The firm has a market cap of $33.94 billion, a price-to-earnings ratio of -1.44, a PEG ratio of 0.91 and a beta of 0.83. The stock has a fifty day simple moving average of $57.63 and a two-hundred day simple moving average of $56.05. Fidelity National Information Services, Inc. has a 12 month low of $48.57 and a 12 month high of $85.18. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.67.
Fidelity National Information Services Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Investors of record on Friday, September 8th will be issued a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 3.63%. The ex-dividend date is Thursday, September 7th. Fidelity National Information Services’s payout ratio is currently -5.23%.
Insider Buying and Selling
In other news, Director Ellen R. Alemany acquired 760 shares of the business’s stock in a transaction that occurred on Monday, July 17th. The stock was bought at an average price of $58.82 per share, with a total value of $44,703.20. Following the completion of the acquisition, the director now directly owns 3,743 shares of the company’s stock, valued at approximately $220,163.26. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.56% of the stock is currently owned by corporate insiders.
Wall Street Analysts Forecast Growth
FIS has been the topic of a number of recent analyst reports. Stephens lifted their price objective on Fidelity National Information Services from $69.00 to $72.00 and gave the stock an “overweight” rating in a research report on Thursday, August 3rd. StockNews.com began coverage on Fidelity National Information Services in a research report on Thursday, August 17th. They issued a “hold” rating on the stock. Royal Bank of Canada lowered their target price on Fidelity National Information Services from $81.00 to $71.00 in a research note on Monday, July 10th. Robert W. Baird lowered their target price on Fidelity National Information Services from $80.00 to $75.00 in a research note on Monday, July 3rd. Finally, Morgan Stanley lowered their target price on Fidelity National Information Services from $79.00 to $73.00 and set an “overweight” rating for the company in a research note on Thursday, August 3rd. One analyst has rated the stock with a sell rating, nine have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Fidelity National Information Services currently has a consensus rating of “Moderate Buy” and a consensus price target of $75.70.
About Fidelity National Information Services
Fidelity National Information Services, Inc provides technology solutions for financial institutions and businesses worldwide. It operates through Banking Solutions, Merchant Solutions, and Capital Market Solutions segments. The Banking Solutions segment provides core processing and ancillary applications; mobile and online banking; fraud, risk management, and compliance; electronic funds transfer and network; card and retail payment; wealth and retirement; and item processing and output solutions.
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