This morning we watched Fidelity National Information Services drop -16.9% to a price of $68.71 per share. The Large-Cap Business Services company is now trading -27.52% below its average target price of $94.79. Analysts have set target prices ranging from $80.0 to $126.0 per share for Fidelity National Information Services, and have given the stock an average rating of buy.
The stock has an average amount of shares sold short at 2.9%, and a short ratio of 4.55. The company's insiders own 1.14% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that a significant number of institutional investors are invested in the stock, with 97.6% of Fidelity National Information Services's shares being owned by this investor type.
Institutions Invested in Fidelity National Information Services
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-09-30 | Vanguard Group Inc | 12% | 63,669,759 | $4,374,481,913 |
| 2024-12-31 | Blackrock Inc. | 9% | 49,273,211 | $3,385,355,524 |
| 2024-09-30 | Dodge & Cox Inc | 8% | 41,073,296 | $2,821,973,780 |
| 2024-09-30 | Capital Research Global Investors | 5% | 28,350,357 | $1,947,834,040 |
| 2024-09-30 | State Street Corporation | 5% | 24,722,275 | $1,698,563,753 |
| 2024-09-30 | JP Morgan Chase & Company | 4% | 21,484,010 | $1,476,076,156 |
| 2024-09-30 | Geode Capital Management, LLC | 2% | 12,843,442 | $882,418,994 |
| 2024-09-30 | Boston Partners | 2% | 11,552,508 | $793,724,337 |
| 2024-09-30 | Goldman Sachs Group Inc | 2% | 10,999,237 | $755,711,409 |
| 2024-12-31 | Charles Schwab Investment Management, Inc. | 2% | 10,094,587 | $693,556,704 |
Besides an analyst consensus of strong upside potential, other market factors point to there being positive market sentiment on Fidelity National Information Services.
