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Nuveen LLC Invests $187.51 Million in Fidelity National Information Services, Inc. (NYSE:FIS)

Fidelity National Information Services logo with Business Services background

Key Points

  • Nuveen LLC invested approximately $187.51 million in Fidelity National Information Services, acquiring over 2.5 million shares and owning 0.48% of the company as of the last reporting period.
  • Institutional investors hold a significant majority, with 96.23% of the company's stock owned by such entities, demonstrating strong institutional interest in Fidelity National Information Services.
  • The company recently declared a quarterly dividend of $0.40 per share, reflecting a dividend yield of 2.3%, with a notably high dividend payout ratio of 888.89%.
  • Looking to export and analyze Fidelity National Information Services data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Nuveen LLC purchased a new position in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,510,897 shares of the information technology services provider's stock, valued at approximately $187,514,000. Nuveen LLC owned about 0.48% of Fidelity National Information Services at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in FIS. Sierra Ocean LLC grew its holdings in shares of Fidelity National Information Services by 356.0% during the 1st quarter. Sierra Ocean LLC now owns 342 shares of the information technology services provider's stock valued at $26,000 after purchasing an additional 267 shares during the last quarter. YANKCOM Partnership grew its holdings in shares of Fidelity National Information Services by 118.8% during the 1st quarter. YANKCOM Partnership now owns 350 shares of the information technology services provider's stock valued at $26,000 after purchasing an additional 190 shares during the last quarter. Meeder Asset Management Inc. grew its holdings in shares of Fidelity National Information Services by 92.1% during the 1st quarter. Meeder Asset Management Inc. now owns 342 shares of the information technology services provider's stock valued at $26,000 after purchasing an additional 164 shares during the last quarter. Hazlett Burt & Watson Inc. grew its holdings in shares of Fidelity National Information Services by 179.9% during the 1st quarter. Hazlett Burt & Watson Inc. now owns 389 shares of the information technology services provider's stock valued at $29,000 after purchasing an additional 250 shares during the last quarter. Finally, Kennebec Savings Bank grew its holdings in shares of Fidelity National Information Services by 71.3% during the 1st quarter. Kennebec Savings Bank now owns 447 shares of the information technology services provider's stock valued at $33,000 after purchasing an additional 186 shares during the last quarter. Institutional investors own 96.23% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Truist Financial increased their target price on shares of Fidelity National Information Services from $84.00 to $85.00 and gave the company a "hold" rating in a report on Thursday, July 17th. UBS Group cut 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 report on Wednesday, August 6th. TD Cowen raised shares of Fidelity National Information Services from a "hold" rating to a "buy" rating and set a $92.00 price target on the stock in a report on Monday, April 21st. Stephens raised their price target on shares of Fidelity National Information Services from $90.00 to $100.00 and gave the stock an "overweight" rating in a report on Wednesday, May 7th. Finally, Oppenheimer raised shares of Fidelity National Information Services from a "market perform" rating to an "outperform" rating and set a $94.00 price target on the stock in a report on Wednesday, April 23rd. One analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $91.63.

Get Our Latest Analysis on Fidelity National Information Services

Fidelity National Information Services Trading Down 1.8%

Shares of NYSE FIS opened at $69.87 on Tuesday. Fidelity National Information Services, Inc. has a 1 year low of $66.51 and a 1 year high of $91.98. The stock has a market cap of $36.50 billion, a P/E ratio of 388.18 and a beta of 1.04. The firm has a 50-day moving average of $79.60 and a 200 day moving average of $76.65. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.59 and a quick ratio of 0.59.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The information technology services provider reported $1.36 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $1.36. Fidelity National Information Services had a net margin of 1.09% and a return on equity of 18.73%. The company had revenue of $2.62 billion during the quarter, compared to analysts' expectations of $2.57 billion. During the same period last year, the company posted $1.36 EPS. Fidelity National Information Services's revenue was up 5.1% on a year-over-year basis. As a group, sell-side analysts expect that Fidelity National Information Services, Inc. will post 5.74 EPS for the current fiscal year.

Fidelity National Information Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 24th. Investors of record on Wednesday, September 10th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Wednesday, September 10th. Fidelity National Information Services's dividend payout ratio (DPR) is 888.89%.

Fidelity National Information Services Profile

(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.

Read More

Institutional Ownership by Quarter for Fidelity National Information Services (NYSE:FIS)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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