Teacher Retirement System of Texas Decreases Stake in Fidelity National Information Services, Inc. $FIS

Teacher Retirement System of Texas reduced its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 12.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 81,099 shares of the information technology services provider’s stock after selling 11,721 shares during the quarter. Teacher Retirement System of Texas’ holdings in Fidelity National Information Services were worth $5,348,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the business. NewSquare Capital LLC lifted its stake in Fidelity National Information Services by 115.1% during the 2nd quarter. NewSquare Capital LLC now owns 357 shares of the information technology services provider’s stock valued at $29,000 after acquiring an additional 191 shares during the period. Root Financial Partners LLC purchased a new position in shares of Fidelity National Information Services during the third quarter valued at approximately $29,000. Steigerwald Gordon & Koch Inc. bought a new position in Fidelity National Information Services during the third quarter valued at approximately $37,000. Valued Wealth Advisors LLC purchased a new stake in Fidelity National Information Services in the second quarter worth approximately $42,000. Finally, GFG Capital LLC bought a new stake in Fidelity National Information Services in the 2nd quarter worth approximately $43,000. 96.23% of the stock is currently owned by institutional investors.

Fidelity National Information Services Trading Down 2.2%

Fidelity National Information Services stock opened at $59.15 on Tuesday. 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, Inc. has a 12-month low of $58.75 and a 12-month high of $83.97. The firm has a market capitalization of $30.63 billion, a price-to-earnings ratio of 219.07, a P/E/G ratio of 0.90 and a beta of 0.93. The firm has a 50 day moving average of $65.23 and a 200 day moving average of $68.13.

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

Fidelity National Information Services Dividend Announcement

The firm also recently declared 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 dividend payout ratio is presently 592.59%.

Insider Buying and Selling

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein acquired 941 shares of the stock in a transaction dated Thursday, January 15th. The shares were acquired at an average cost of $64.11 per share, for a total transaction of $60,327.51. Following the completion of the transaction, the director directly owned 14,529 shares of the company’s stock, valued at approximately $931,454.19. The trade was a 6.93% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.21% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Weiss Ratings restated a “sell (d)” rating on shares of Fidelity National Information Services in a research note on Thursday. BNP Paribas Exane cut their price target on Fidelity National Information Services from $60.00 to $55.00 and set an “underperform” rating for the company in a research note on Tuesday, January 20th. Truist Financial reduced their price target on shares of Fidelity National Information Services from $72.00 to $70.00 and set a “hold” rating for the company in a research report on Wednesday, November 19th. UBS Group raised their price objective on shares of Fidelity National Information Services from $82.00 to $83.00 and gave the stock a “buy” rating in a report on Thursday, November 6th. Finally, JPMorgan Chase & Co. cut their target price on shares of Fidelity National Information Services from $85.00 to $80.00 and set an “overweight” rating for the company in a research report on Thursday, November 6th. Eleven analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $79.94.

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.