During the third quarter, HBK Source Advisory LLC acquired a new stake in Fidelity National Information Services, INC (NYSE: FIS), as stated in the most recent disclosure that the company has filed with the Securities and Exchange Commission.
The company purchased 7,754 shares of equity in the information technology services provider for an amount close to 586 thousand dollars.
Purchases and sales of FIS shares have occurred in recent transactions involving significant investors.
During the second quarter, Dodge & Cox paid $572,490,000 to fill a new Fidelity National Information Services position.
This was done in exchange for the position.
The amount of Fidelity National Information Services that Mitsubishi UFJ Kokusai Asset Management Co Ltd owned increased by 580.4% during the third quarter of the fiscal year.
Mitsubishi UFJ Kokusai Asset Management Co Ltd now owns 2,405,927 shares of the information technology services company after purchasing an additional 2,052,313 shares during the previous period.
These shares are currently worth 181,816,000 dollars. Goldman Sachs Group INC increased the proportion of Fidelity National Information Services stock owned by 18.9 percentage points over the second quarter. Goldman Sachs Group INC now holds 8,668,569 shares of the information technology services provider’s stock, currently valued at $794,647,000, following the purchase of an additional 1,380,495 shares during the period in question.
These shares have a current market value of $794,647,000.
In the second quarter, FMR LLC accomplished a shareholding increase in Fidelity National Information Services that was equivalent to a percentage increase of 15.0%.
After purchasing an additional 1,311,766 shares of the information technology services provider’s stock during the quarter, FMR LLC now has 10,076,950 shares.
The current valuation of the company on the stock market is $923,754,000.
In addition, during the second quarter, Echo Street Capital Management LLC added 20,630.7% more shares to its ownership of Fidelity National Information Services, which brings the total number of shares owned by this investment firm to a total of 63,012.
Echo Street Capital Management LLC now has a total of 986,365 shares, with a market valuation of $90,420,000.
This is after making purchases during the most recent session that added up to 981,607 shares, bringing the total number of shares owned by the company to 986,365.
Institutional investors and hedge funds own most of the company’s stock, which accounts for 90.25 percent of the total.
The price of a share of Fidelity National Information Services stock was $67.11 at the opening bell of trading on Wednesday. Over the last 52 weeks, the price of a share of Fidelity National Information Services, INC has ranged from a low of $56.53 to a high of $106.65.
The price of a share of the company’s stock currently trades at $70.60, while the 50-day moving average places it at $76.60.
The 200-day moving average places it at $76.60.
The current ratio is 0.79, the quick ratio is 0.77, and the debt-to-equity ratio is 0.52.
All three ratios are very close to each other.
These three ratios are extremely comparable to one another.
Fidelity National Information Services (NYSE: FIS) disseminated the findings of its most recent quarterly financial report on Monday, February 13, making the announcement.
The information technology services provider reported earnings per share for the quarter of $1.71, which were $0.01 higher than the predictions made by analysts, which were an average of $1.70 per share. However, Fidelity National Information Services was profitable despite having a negative net margin of 115.07 percent and a positive return on equity of 9.71 percent.
It was predicted that the company would have quarterly sales of $3.69 billion, but they came in at $3.71 billion, a significant increase over the average prediction.
The company reported earnings per share of $1.92 for the same period in the previous year’s financial statements. Compared to the previous year, Fidelity National Information Services saw a 1.1% increase in revenue.
According to forecasts provided by analysts in the relevant industry, Fidelity National Information Services, INC is anticipated to achieve 5.88 cents per share for the current financial year.
In addition, the business has declared a quarterly dividend, which will be paid out on March 24 as previously scheduled.
The dividend payment per share will be $0.52, and it will be given to shareholders of record on March 10.
This results in an annual dividend payment of $2.08 and a dividend yield of 3.10 percent when calculated annually.
This represents an increase compared to the previous quarterly dividend amount of $0.47 distributed by Fidelity National Information Services. Shareholders with accounts in good standing as of this coming Thursday, March 9, will be eligible to receive this dividend. Fidelity National Information Services keeps a payout ratio of -6.66 percent of the time.
On the topic of FIS, several research papers have been written and published.
In a research note published on February 14, Citigroup announced that it would reduce its target price for Fidelity National Information Services from $85.00 to $70.00 and downgrade the company from a “buy” recommendation to a “neutral” one.
In a research note made public on Friday, December 2, Evercore ISI stated that the price target for Fidelity National Information Services shares had been lowered to $95.00.
This information was published on Friday.
In a research note published on February 14, Robert W.
Baird lowered the “outperform” rating they had previously assigned to Fidelity National Information Services. He reduced the price target they had previously assigned to the stock from $84.00 to $80.00.
The price target that Goldman Sachs Group has set for Fidelity National Information Services shares has been reduced from $114.00 to $82.00, as stated in a research note published on Friday, November 4.
Despite the reduction in price target, the company continued to recommend buying shares of the company’s stock with a “buy” rating.
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