18,586 Shares in Fidelity National Information Services, Inc. $FIS Bought by Stoneridge Investment Partners LLC

Stoneridge Investment Partners LLC acquired a new stake in Fidelity National Information Services, Inc. (NYSE:FIS) in the third quarter, Holdings Channel reports. The firm acquired 18,586 shares of the information technology services provider’s stock, valued at approximately $1,226,000.

Other institutional investors have also recently made changes to their positions in the company. NewSquare Capital LLC increased its stake 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 valued at $29,000 after buying an additional 191 shares during the period. Root Financial Partners LLC acquired a new stake in Fidelity National Information Services during the 3rd quarter valued at approximately $29,000. Valued Wealth Advisors LLC acquired a new position in shares of Fidelity National Information Services in the 2nd quarter worth approximately $42,000. GFG Capital LLC bought a new stake in shares of Fidelity National Information Services in the 2nd quarter valued at $43,000. Finally, Steigerwald Gordon & Koch Inc. acquired a new stake in shares of Fidelity National Information Services during the third quarter worth $37,000. Institutional investors own 96.23% of the company’s stock.

Insiders Place Their Bets

In related news, Director Jeffrey A. Goldstein acquired 941 shares of the company’s stock in a transaction on 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 purchase, the director 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 acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.21% of the company’s stock.

Fidelity National Information Services Trading Down 1.3%

NYSE:FIS opened at $60.51 on Friday. 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 firm has a 50-day moving average of $65.33 and a 200-day moving average of $68.36. The company has a market cap of $31.33 billion, a PE ratio of 224.09, a PEG ratio of 0.90 and a beta of 0.93. Fidelity National Information Services, Inc. has a one year low of $59.51 and a one year high of $83.97.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings results on Wednesday, November 5th. The information technology services provider reported $1.51 earnings per share for the quarter, beating the consensus estimate of $1.48 by $0.03. The business had revenue of $2.72 billion for 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%. The firm’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter last year, the firm earned $1.40 EPS. Fidelity National Information Services has set its FY 2025 guidance at 5.740-5.780 EPS. As a group, equities research analysts expect that Fidelity National Information Services, Inc. will post 5.74 EPS for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 23rd. Investors of record on Tuesday, December 9th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend was Tuesday, December 9th. Fidelity National Information Services’s dividend payout ratio is presently 592.59%.

Analyst Ratings Changes

A number of brokerages have commented on FIS. Stephens decreased their price target on Fidelity National Information Services from $90.00 to $85.00 and set an “overweight” rating for the company in a report on Friday, January 16th. UBS Group upped their target price on Fidelity National Information Services from $82.00 to $83.00 and gave the company a “buy” rating in a research report on Thursday, November 6th. Keefe, Bruyette & Woods lowered their target price on Fidelity National Information Services from $88.00 to $85.00 and set an “outperform” rating for the company in a report on Wednesday, October 1st. Royal Bank Of Canada cut their price target 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. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Fidelity National Information Services from $85.00 to $80.00 and set an “overweight” rating for the company in a research note on Thursday, November 6th. Eleven investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $79.94.

Fidelity National Information Services 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.