Texas Permanent School Fund Corp Has $3.19 Million Stock Holdings in Fidelity National Information Services, Inc. $FIS

Texas Permanent School Fund Corp lowered its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 32.1% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 39,216 shares of the information technology services provider’s stock after selling 18,510 shares during the quarter. Texas Permanent School Fund Corp’s holdings in Fidelity National Information Services were worth $3,193,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. Cullen Investment Group LTD. boosted its holdings in Fidelity National Information Services by 10.4% in the 2nd quarter. Cullen Investment Group LTD. now owns 58,464 shares of the information technology services provider’s stock valued at $4,760,000 after purchasing an additional 5,521 shares during the period. Hilltop National Bank acquired a new position in shares of Fidelity National Information Services during the second quarter valued at about $1,616,000. Norges Bank acquired a new stake in Fidelity National Information Services during the second quarter worth about $624,858,000. Brighton Jones LLC acquired a new stake in Fidelity National Information Services during the fourth quarter worth about $347,000. Finally, Truist Financial Corp increased its stake in Fidelity National Information Services by 6.6% during the second quarter. Truist Financial Corp now owns 74,869 shares of the information technology services provider’s stock valued at $6,095,000 after acquiring an additional 4,619 shares during the period. 96.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein purchased 889 shares of the business’s stock in a transaction that occurred on Wednesday, October 15th. The stock was acquired at an average cost of $67.66 per share, with a total value of $60,149.74. Following the completion of the acquisition, the director directly owned 13,588 shares of the company’s stock, valued at $919,364.08. This represents a 7.00% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.21% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on FIS. Royal Bank Of Canada decreased their price objective on Fidelity National Information Services from $93.00 to $86.00 and set an “outperform” rating on the stock in a report on Thursday, November 6th. Weiss Ratings reiterated a “sell (d)” rating on shares of Fidelity National Information Services in a research report on Wednesday, October 8th. Citigroup raised shares of Fidelity National Information Services to a “hold” rating in a research report on Thursday, October 23rd. KeyCorp reiterated a “hold” rating on shares of Fidelity National Information Services in a research note on Wednesday, October 22nd. Finally, Susquehanna dropped their target price on Fidelity National Information Services from $81.00 to $77.00 and set a “neutral” rating for the company in a report on Friday, September 12th. Twelve analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $85.41.

Fidelity National Information Services Price Performance

NYSE:FIS opened at $66.01 on Friday. 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 firm has a market cap of $34.19 billion, a PE ratio of 244.50 and a beta of 0.92. Fidelity National Information Services, Inc. has a 12 month low of $59.51 and a 12 month high of $83.97. The company’s 50-day moving average price is $65.53 and its two-hundred day moving average price is $71.17.

Fidelity National Information Services (NYSE:FIS) last posted its earnings results on Wednesday, November 5th. The information technology services provider reported $1.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.48 by $0.03. The company had revenue of $2.72 billion during the quarter, compared to analysts’ expectations of $2.65 billion. Fidelity National Information Services had a net margin of 1.45% and a return on equity of 19.76%. Fidelity National Information Services’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.40 earnings per share. Fidelity National Information Services has set its FY 2025 guidance at 5.740-5.780 EPS. On average, equities analysts anticipate that Fidelity National Information Services, Inc. will post 5.74 EPS for the current fiscal year.

Fidelity National Information Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 23rd. Stockholders of record on Tuesday, December 9th will be paid a $0.40 dividend. The ex-dividend date is Tuesday, December 9th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.4%. Fidelity National Information Services’s dividend payout ratio (DPR) is 592.59%.

Fidelity National Information Services Company Profile

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.