The Manufacturers Life Insurance Company owns $293.56 million in Fidelity National Information Services, Inc. (NYSE:FIS)

VaselineSeptember 28, 2024

0 4 minutes read

The Manufacturers Life Insurance Company increased its holdings in Fidelity National Information Services, Inc. (NYSE:FIS – Free Report) by 982.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,895,432 shares of the information technology services provider’s stock after purchasing an additional 3,535,596 shares during the period. The Manufacturers Life Insurance Company’s holdings in Fidelity National Information Services were worth $293,560,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Rise Advisors LLC purchased a new stake in Fidelity National Information Services in the first quarter valued at $29,000. EdgeRock Capital LLC bought a new stake in Fidelity National Information Services in the second quarter valued at $35,000. Family Firm Inc. bought a new position in Fidelity National Information Services in the second quarter valued at $35,000. Palisade Asset Management LLC purchased a new position in shares of Fidelity National Information Services in the first quarter valued at $37,000. Finally, Rothschild Investment LLC bought a new position in shares of Fidelity National Information Services in the second quarter valued at about $45,000. 96.23% of shares are owned by institutional investors.

Indoor activity

In other news, Director Jeffrey A. Goldstein acquired 719 shares of Fidelity National Information Services stock in a transaction that occurred on Monday, July 15th. The stock was purchased at an average price of $76.81 per share, for a total transaction of $55,226.39. Following the transaction, the director now directly owns 9,771 shares of the company’s stock, valued at approximately $750,510.51. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed via this hyperlink. 0.20% of shares are owned by insiders.

Analysts set new price targets

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Several analysts have recently commented on the stock. Susquehanna raised their target price on shares of Fidelity National Information Services from $86.00 to $88.00 and gave the stock a “positive” rating in a report on Wednesday, August 7th. Morgan Stanley lowered Fidelity National Information Services from an “overweight” rating to an “equal weight” rating and set a $79.00 target price on the stock. in a research note on Monday, July 22nd. JPMorgan Chase & Co. boosted their price target on Fidelity National Information Services from $85.00 to $89.00 and gave the company an “overweight” rating in a research note on Tuesday, August 20th. Keefe, Bruyette & Woods boosted their price objective on Fidelity National Information Services from $85.00 to $88.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Finally, TD Cowen boosted their target price on shares of Fidelity National Information Services from $75.00 to $78.00 and gave the company a “hold” rating in a research report on Wednesday, 7 August. Ten equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Moderate Buy” and a consensus price target of $81.25, according to MarketBeat.

Check out our latest research report on FIS

Fidelity National Information Services trading rose 0.8%

Shares of FIS opened at $83.00 on Friday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.35, and a current ratio of 1.35. Fidelity National Information Services, Inc. it has a 52 week low of $46.91 and a 52 week high of $85.63. The firm has a market cap of $46.17 billion, a price-to-earnings ratio of -8.11, a PEG ratio of 0.83 and a beta of 1.08. The company’s fifty-day moving average is $79.60, and its 200-day moving average is $75.83.

Fidelity National Information Services (NYSE:FIS – Get Free Report ) last issued its earnings results on Tuesday, August 6th. The information technology services provider reported $1.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.23 by $0.13. The firm had revenue of $2.49 billion for the quarter, compared to analysts’ expectations of $2.49 billion. Fidelity National Information Services had a return on equity of 13.63% and a net margin of 7.72%. The company’s revenue for the quarter was up 2.7% on a year-over-year basis. In the same quarter last year, the company posted earnings of $1.55 per share. Equities analysts anticipate that Fidelity National Information Services, Inc. will post 5.08 EPS for the current fiscal year.

Fidelity National Information Services announces dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 24th. Stockholders of record on Tuesday, September 10th were issued a dividend of $0.36 per share. The ex-dividend date was Tuesday, September 10th. This represents an annualized dividend of $1.44 and a dividend yield of 1.73%. Fidelity National Information Services’s dividend payout ratio (DPR) is currently -14.08%.

Fidelity National Information Services Company Profile

(Free Report)

Fidelity National Information Services, Inc is committed to providing financial services technology solutions to financial institutions, companies and developers worldwide. It operates through banking solutions, capital market solutions and corporate segments and others. 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 pension; and item processing and output solutions.