Jeffrey Goldstein Buys 941 Shares of Fidelity National Information Services (NYSE:FIS) Stock

Fidelity National Information Services, Inc. (NYSE:FIS) Director Jeffrey Goldstein acquired 941 shares of the business’s stock in a transaction on Thursday, January 15th. The shares were purchased at an average cost of $64.11 per share, for a total transaction of $60,327.51. Following the completion of the acquisition, the director directly owned 14,529 shares in the company, valued at approximately $931,454.19. The trade was a 6.93% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Fidelity National Information Services Stock Down 5.3%

Shares of FIS traded down $3.33 during trading hours on Tuesday, reaching $60.02. 5,110,714 shares of the stock traded hands, compared to its average volume of 2,955,668. Fidelity National Information Services, Inc. has a 52 week low of $59.51 and a 52 week high of $83.97. The company has a market cap of $31.08 billion, a price-to-earnings ratio of 222.31, a PEG ratio of 0.94 and a beta of 0.93. The stock has a fifty day simple moving average of $65.74 and a 200 day simple moving average of $68.84. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.64.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings data on Wednesday, November 5th. The information technology services provider reported $1.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $2.72 billion during the quarter, compared to the consensus estimate of $2.65 billion. During the same period in the prior year, the firm posted $1.40 EPS. The firm’s quarterly revenue was up 5.7% compared to the same quarter last year. Fidelity National Information Services has set its FY 2025 guidance at 5.740-5.780 EPS. On average, equities analysts forecast that Fidelity National Information Services, Inc. will post 5.74 EPS for the current year.

Fidelity National Information Services Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 23rd. Shareholders of record on Tuesday, December 9th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date was Tuesday, December 9th. Fidelity National Information Services’s payout ratio is presently 592.59%.

Institutional Trading of Fidelity National Information Services

Institutional investors and hedge funds have recently modified their holdings of the business. NewSquare Capital LLC increased its position in shares of 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 purchasing an additional 191 shares during the last quarter. Raiffeisen Bank International AG purchased a new position in Fidelity National Information Services in the 3rd quarter worth approximately $29,000. LRI Investments LLC increased its holdings in shares of Fidelity National Information Services by 613.1% in the 3rd quarter. LRI Investments LLC now owns 435 shares of the information technology services provider’s stock worth $29,000 after buying an additional 374 shares during the last quarter. Root Financial Partners LLC purchased a new stake in shares of Fidelity National Information Services during the 3rd quarter valued at $29,000. Finally, GoalVest Advisory LLC bought a new stake in shares of Fidelity National Information Services during the 4th quarter worth $33,000. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Fidelity National Information Services in a report on Wednesday, October 8th. Stephens lowered their target price on Fidelity National Information Services from $90.00 to $85.00 and set an “overweight” rating on the stock in a research note on Friday. Jefferies Financial Group dropped their price target on Fidelity National Information Services from $75.00 to $70.00 and set a “hold” rating on the stock in a research report on Tuesday, October 14th. JPMorgan Chase & Co. decreased their price objective on Fidelity National Information Services from $85.00 to $80.00 and set an “overweight” rating for the company in a report on Thursday, November 6th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Fidelity National Information Services in a report on Wednesday, October 22nd. Eleven equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $81.41.

About Fidelity National Information Services

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.