Oppenheimer Asset Management Inc. Has $4.14 Million Stake in Fidelity National Information Services, Inc. $FIS

Oppenheimer Asset Management Inc. increased its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 21.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 62,748 shares of the information technology services provider’s stock after buying an additional 11,275 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Fidelity National Information Services were worth $4,138,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Norges Bank bought a new stake in shares of Fidelity National Information Services during the second quarter valued at approximately $624,858,000. Mizuho Markets Americas LLC boosted its position in Fidelity National Information Services by 49.1% in the 3rd quarter. Mizuho Markets Americas LLC now owns 4,609,169 shares of the information technology services provider’s stock valued at $303,929,000 after buying an additional 1,518,200 shares during the last quarter. Boston Partners increased its stake in shares of Fidelity National Information Services by 10.5% in the 2nd quarter. Boston Partners now owns 11,820,211 shares of the information technology services provider’s stock valued at $958,537,000 after buying an additional 1,122,181 shares during the period. AQR Capital Management LLC raised its position in shares of Fidelity National Information Services by 71.7% during the second quarter. AQR Capital Management LLC now owns 2,483,575 shares of the information technology services provider’s stock worth $201,294,000 after acquiring an additional 1,037,100 shares during the last quarter. Finally, River Road Asset Management LLC bought a new position in Fidelity National Information Services in the second quarter valued at about $39,106,000. 96.23% of the stock is owned by institutional investors.

Fidelity National Information Services Price Performance

FIS opened at $48.33 on Thursday. The stock has a market cap of $25.03 billion, a P/E ratio of 179.00, a P/E/G ratio of 0.75 and a beta of 0.90. Fidelity National Information Services, Inc. has a 12 month low of $48.29 and a 12 month high of $82.74. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.64. The company has a fifty day simple moving average of $62.39 and a 200 day simple moving average of $65.92.

Fidelity National Information Services Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 24th. Stockholders of record on Tuesday, March 10th will be given a dividend of $0.44 per share. This is an increase from Fidelity National Information Services’s previous quarterly dividend of $0.40. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend is Tuesday, March 10th. Fidelity National Information Services’s payout ratio is 592.59%.

Insider Buying and Selling at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein acquired 941 shares of the business’s stock in a transaction dated Thursday, January 15th. The shares were acquired at an average price of $64.11 per share, for a total transaction of $60,327.51. Following the acquisition, the director directly owned 14,529 shares of the company’s stock, valued at approximately $931,454.19. This trade represents a 6.93% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.21% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on FIS shares. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $70.00 target price on shares of Fidelity National Information Services in a research report on Thursday, January 15th. Cantor Fitzgerald initiated coverage on shares of Fidelity National Information Services in a research note on Tuesday, January 27th. They issued an “overweight” rating and a $72.00 price objective on the stock. UBS Group upped their target price on shares of Fidelity National Information Services from $82.00 to $83.00 and gave the company a “buy” rating in a research report on Thursday, November 6th. Royal Bank Of Canada reduced their price target on Fidelity National Information Services from $93.00 to $86.00 and set an “outperform” rating on the stock in a research report on Thursday, November 6th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Fidelity National Information Services in a research note on Thursday, January 22nd. Twelve investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Fidelity National Information Services has an average rating of “Hold” and an average target price of $79.17.

About Fidelity National Information Services

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.