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The most recent 13F filing that Jupiter Asset Management Ltd submitted with the SEC revealed that during the third quarter, the investment firm’s stake in Fidelity National Information Services, INC (NYSE: FIS) was reduced by 6.7%. Following the transaction that took place during the period, the fund had 528,673 shares of the company’s stock in its possession.
This was after selling 37,863 shares of the stock of the information technology services provider.
The most recent SEC filing that Jupiter Asset Management Ltd has made indicates that the company owns approximately 0.09% of Fidelity National Information Services, which has a value of $39,952,000.
Several other hedge funds have also made adjustments to the percentage of the company’s stock that each hedge fund currently owns.
Brown Brothers Harriman & Co increased its ownership stake in Fidelity National Information Services by 83.3% during the year’s first three months.
Brown Brothers Harriman & Co now controls 286 shares in the information technology services company.
Each share is worth $29,000, so the total value of this control is $29,000.
This is the result of the company purchasing 130 additional shares during the most recent fiscal quarter to bring its total number of shares held to 1,300.
American National Bank invested an additional $36,000 in Fidelity National Information Services business during the third quarter of the fiscal year.
The value of Janiczek Wealth Management LLC’s assets held at Fidelity National Information Services rose by 86.2% over the second quarter. With an additional 188 shares purchased during the period, Janiczek Wealth Management LLC now owns 406 shares of the company’s stock, with a market cap of $41,000.
This brings the total number of shares owned by the firm to $41,000. Chilton Capital Management LLC increased its ownership stake in Fidelity National Information Services during the second quarter by investing approximately $43,000 more into the company, bringing its total ownership stake to approximately 51%. Neo Ivy Capital Management shelled out approximately $46,000 during the second quarter to purchase a new investment in Fidelity National Information Services.
The company has taken ownership of this newly acquired interest.
Institutional investors and hedge funds are the owners of most of the company’s stock, accounting for 90.25 percent of the total.
It was reported that a total of 793,220 additional shares were traded on the NYSE FIS during regular business hours on Friday for $74.73.
This represents an increase of $0.78 in price compared to the volume of 5,043,986 shares traded on the previous trading day.
The ratio of current assets to total assets is 0.77, the ratio of quick assets to current assets is 0.77, and the ratio of total assets to current assets is also 0.77.
The ratio of debt to equity is 0.30. Fidelity National Information Services, INC hit a low point over the past year of $56.53 per share, while the company reached a high point over the past year of $115.21 per share.
The company possesses a beta coefficient of 0.82, a market capitalization currently sitting at $44.34 billion, a PE ratio of 48.33, and a PEG ratio of 1.03. Currently, the price of a share of the company’s stock is trading at $70.96 on the 50-day moving average, while it is trading at $78.65 on the 200-day moving average.
Several analysts who focus on equity research have produced written analyses of the stock.
These analyses can be found on the website.
The price objective that Truist Financial has placed on the shares of Fidelity National Information Services has been reduced from $800.00 to $70.00 as of the date of the report that was made public on November 4th.
In a report made available to the public on Friday, November 4th, Stephens reaffirmed an “equal weight” rating on Fidelity National Information Services’ shares and established a price objective of $65.00 for the stock.
In addition, Stephens established a price target of $65.00 for the stock. Oppenheimer lowered their rating for Fidelity National Information Services from an “outperform” recommendation to a “market perform” one in a research report that was made public on November 4th. On Friday, November 4th, Credit Suisse Group released a research report rating “outperform” and a target price reduction for Fidelity National Information Services shares from $120.00 to $85.00.
These changes were made in response to the report’s findings.
This study was conducted as part of an effort to lower the price target. Finally, in a research note made public on Friday, December 2nd, Evercore ISI announced that the price objective they set for Fidelity National Information Services shares had been reduced to $95.00.
Evercore ISI had previously set the price objective for Fidelity National Information Services shares at $115.00. One of the equity research analysts has recommended selling the stock; twelve of the other analysts have given it a rating of “hold,” and eleven of the other analysts have given it a rating of “buy.” The remaining analyst has given it a rating of “strong buy.” According to Bloomberg, the general recommendation regarding the company is to “hold” it, and the price objective has been determined to be $94.96.
Technology, solutions, and services are provided by the company known as Fidelity National Information Services, INC to organizations involved in the capital markets, retail establishments, and financial institutions.
The company’s four operational segments are merchants, banking, capital markets, and financial institutions and organizations involved in capital markets.
The company provides financial institutions and organizations involved in capital markets with technology, solutions, and services.
Merchant, Banking, Capital Markets, Corporate, and Other are the names given to the company’s operational divisions in their respective orders.
The Merchant business segment is in charge of delivering services to merchants of varying sizes worldwide.
In addition to credit, debit, and prepaid payments made at physical points of sale, these services make it possible for merchants to accept card-not-present transactions in mobile and online commerce environments.
Have you considered looking into the other hedge funds that hold positions in FIS to see if they might interest you? If you go to HoldingsChannel.com, you can look at the most recent 13F filings and insider transactions for Fidelity National Information Services, INC (NYSE: FIS).
