Deutsche Bank AG lowered its position in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 2.5% during the first quarter, according to its most recent filing with the SEC. The firm owned 2,031,846 shares of the information technology services provider's stock after selling 52,453 shares during the period. Deutsche Bank AG owned 0.39% of Fidelity National Information Services worth $151,738,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Retirement Wealth Solutions LLC lifted its position in shares of Fidelity National Information Services by 3.7% in the 1st quarter. Retirement Wealth Solutions LLC now owns 4,140 shares of the information technology services provider's stock worth $309,000 after purchasing an additional 146 shares during the period. Stonebrook Private Inc. lifted its position in shares of Fidelity National Information Services by 0.6% in the 1st quarter. Stonebrook Private Inc. now owns 24,424 shares of the information technology services provider's stock worth $1,824,000 after purchasing an additional 146 shares during the period. Integrated Advisors Network LLC lifted its position in shares of Fidelity National Information Services by 4.7% in the 1st quarter. Integrated Advisors Network LLC now owns 3,284 shares of the information technology services provider's stock worth $245,000 after purchasing an additional 147 shares during the period. Private Trust Co. NA lifted its position in shares of Fidelity National Information Services by 9.9% in the 1st quarter. Private Trust Co. NA now owns 1,660 shares of the information technology services provider's stock worth $124,000 after purchasing an additional 149 shares during the period. Finally, MassMutual Private Wealth & Trust FSB lifted its position in shares of Fidelity National Information Services by 8.2% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 2,013 shares of the information technology services provider's stock worth $150,000 after purchasing an additional 153 shares during the period. Institutional investors and hedge funds own 96.23% of the company's stock.
Analyst Upgrades and Downgrades
A number of brokerages have recently issued reports on FIS. Keefe, Bruyette & Woods dropped their price target on shares of Fidelity National Information Services from $92.00 to $88.00 and set an "outperform" rating on the stock in a research report on Wednesday, August 6th. UBS Group dropped their price target on shares of Fidelity National Information Services from $84.00 to $82.00 and set a "neutral" rating on the stock in a research report on Wednesday, August 6th. Robert W. Baird boosted their target price on shares of Fidelity National Information Services from $82.00 to $86.00 and gave the company a "neutral" rating in a research report on Wednesday, July 16th. Citigroup upgraded shares of Fidelity National Information Services from a "neutral" rating to a "buy" rating and boosted their target price for the company from $79.00 to $86.00 in a research report on Monday, April 21st. Finally, TD Cowen upgraded shares of Fidelity National Information Services from a "hold" rating to a "buy" rating and set a $92.00 target price on the stock in a research report on Monday, April 21st. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat, Fidelity National Information Services has a consensus rating of "Moderate Buy" and a consensus price target of $91.63.
Read Our Latest Stock Report on FIS
Fidelity National Information Services Stock Up 0.7%
Shares of NYSE FIS traded up $0.51 during trading on Wednesday, hitting $72.27. The stock had a trading volume of 1,870,816 shares, compared to its average volume of 3,600,455. Fidelity National Information Services, Inc. has a 12 month low of $66.51 and a 12 month high of $91.98. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.59 and a quick ratio of 0.59. The company has a market capitalization of $37.75 billion, a PE ratio of 402.11 and a beta of 1.04. The firm has a fifty day moving average of $79.43 and a two-hundred day moving average of $76.61.
Fidelity National Information Services (NYSE:FIS - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The information technology services provider reported $1.36 EPS for the quarter, meeting the consensus estimate of $1.36. The business had revenue of $2.62 billion for the quarter, compared to the consensus estimate of $2.57 billion. Fidelity National Information Services had a net margin of 1.09% and a return on equity of 18.73%. The company's revenue was up 5.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.36 earnings per share. As a group, equities research analysts forecast that Fidelity National Information Services, Inc. will post 5.74 EPS for the current fiscal year.
Fidelity National Information Services Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 24th. Investors of record on Wednesday, September 10th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend is Wednesday, September 10th. Fidelity National Information Services's dividend payout ratio (DPR) is currently 888.89%.
About Fidelity National Information Services
(
Free Report)
Fidelity National Information Services, Inc engages in the provision of financial services technology solutions for financial institutions, businesses, and developers worldwide. It operates through Banking Solutions, Capital Market Solutions, and Corporate and Other segments. The company provides core processing and ancillary applications; mobile and online banking; fraud, risk management, and compliance; card and retail payment; electronic funds transfer and network; wealth and retirement; and item processing and output solutions.
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