Voya Investment Management LLC Has $7.48 Million Stake in Fidelity National Information Services, Inc. $FIS

Voya Investment Management LLC lowered its stake in Fidelity National Information Services, Inc. (NYSE:FIS) by 23.3% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 113,503 shares of the information technology services provider’s stock after selling 34,493 shares during the quarter. Voya Investment Management LLC’s holdings in Fidelity National Information Services were worth $7,484,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of FIS. CX Institutional increased its stake in Fidelity National Information Services by 2.3% in the second quarter. CX Institutional now owns 6,317 shares of the information technology services provider’s stock valued at $514,000 after purchasing an additional 140 shares in the last quarter. Wealthspire Advisors LLC grew its stake in shares of Fidelity National Information Services by 3.1% in the 2nd quarter. Wealthspire Advisors LLC now owns 5,426 shares of the information technology services provider’s stock valued at $442,000 after buying an additional 162 shares during the period. FJ Capital Management LLC increased its position in Fidelity National Information Services by 4.7% in the 2nd quarter. FJ Capital Management LLC now owns 3,600 shares of the information technology services provider’s stock valued at $293,000 after buying an additional 163 shares in the last quarter. TD Waterhouse Canada Inc. raised its stake in Fidelity National Information Services by 0.7% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 24,042 shares of the information technology services provider’s stock worth $1,981,000 after buying an additional 175 shares during the period. Finally, NewSquare Capital LLC boosted its holdings in Fidelity National Information Services by 115.1% in the second quarter. NewSquare Capital LLC now owns 357 shares of the information technology services provider’s stock worth $29,000 after acquiring an additional 191 shares in the last quarter. 96.23% of the stock is owned by institutional investors.

Analysts Set New Price Targets

FIS has been the subject of several recent research reports. Royal Bank Of Canada decreased their price objective on Fidelity National Information Services from $93.00 to $86.00 and set an “outperform” rating for the company in a report on Thursday, November 6th. Citigroup upgraded shares of Fidelity National Information Services to a “hold” rating in a research note on Thursday, October 23rd. Weiss Ratings restated a “sell (d)” rating on shares of Fidelity National Information Services in a report on Wednesday, October 8th. UBS Group lifted their price objective on shares of Fidelity National Information Services from $82.00 to $83.00 and gave the company a “buy” rating in a report on Thursday, November 6th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Fidelity National Information Services from $85.00 to $80.00 and set an “overweight” rating on the stock in a report on Thursday, November 6th. Twelve equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $85.41.

Fidelity National Information Services Price Performance

FIS opened at $66.80 on Wednesday. Fidelity National Information Services, Inc. has a 1 year low of $59.51 and a 1 year high of $83.97. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.53 and a quick ratio of 0.53. The company has a market capitalization of $34.59 billion, a price-to-earnings ratio of 247.39 and a beta of 0.92. The firm’s fifty day moving average price is $65.50 and its two-hundred day moving average price is $70.84.

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

Fidelity National Information Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 23rd. Shareholders of record on Tuesday, December 9th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Tuesday, December 9th. This represents a $1.60 annualized dividend and a dividend yield of 2.4%. Fidelity National Information Services’s dividend payout ratio (DPR) is currently 592.59%.

Insider Buying and Selling at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein bought 889 shares of Fidelity National Information Services stock in a transaction dated Wednesday, October 15th. The stock was bought 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 in the company, valued at approximately $919,364.08. The trade was a 7.00% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.21% of the stock is owned by insiders.

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.