Fidelity National Information Services, Inc. $FIS Stock Holdings Decreased by Strs Ohio

Strs Ohio lessened its stake in Fidelity National Information Services, Inc. (NYSE:FIS) by 57.2% during the third quarter, HoldingsChannel.com reports. The firm owned 154,591 shares of the information technology services provider’s stock after selling 206,982 shares during the period. Strs Ohio’s holdings in Fidelity National Information Services were worth $10,194,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of FIS. Pinnacle Bancorp Inc. raised its stake in Fidelity National Information Services by 21.9% during the third quarter. Pinnacle Bancorp Inc. now owns 835 shares of the information technology services provider’s stock valued at $55,000 after buying an additional 150 shares in the last quarter. Wealthspire Advisors LLC grew its position 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 worth $442,000 after acquiring an additional 162 shares in the last quarter. FJ Capital Management LLC increased its holdings in shares of 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 acquiring an additional 163 shares during the last quarter. Gratus Wealth Advisors LLC raised its position in shares of Fidelity National Information Services by 1.4% during the 3rd quarter. Gratus Wealth Advisors LLC now owns 12,389 shares of the information technology services provider’s stock valued at $817,000 after acquiring an additional 170 shares in the last quarter. Finally, TD Waterhouse Canada Inc. lifted its stake in Fidelity National Information Services by 0.7% during the second quarter. TD Waterhouse Canada Inc. now owns 24,042 shares of the information technology services provider’s stock worth $1,981,000 after purchasing an additional 175 shares during the last quarter. 96.23% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have weighed in on FIS. Royal Bank Of Canada lowered their target price on shares of Fidelity National Information Services from $93.00 to $86.00 and set an “outperform” rating for the company in a research note on Thursday, November 6th. 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 report on Thursday, November 6th. Stephens dropped their price objective on shares of Fidelity National Information Services from $90.00 to $85.00 and set an “overweight” rating on the stock in a research note on Friday, January 16th. UBS Group raised their target price 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, Wells Fargo & Company initiated coverage on Fidelity National Information Services in a report on Wednesday, October 22nd. They set an “overweight” rating and a $81.00 target price for the company. Eleven analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $79.94.

Fidelity National Information Services Trading Down 1.3%

Shares of NYSE:FIS opened at $60.51 on Monday. 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 company’s 50-day moving average price is $65.33 and its 200 day moving average price is $68.28. The company has a market cap of $31.33 billion, a PE ratio of 224.09, a P/E/G ratio of 0.90 and a beta of 0.93. Fidelity National Information Services, Inc. has a fifty-two week low of $59.51 and a fifty-two week 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 EPS for the quarter, beating the consensus estimate of $1.48 by $0.03. The company had revenue of $2.72 billion for 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%. Fidelity National Information Services’s revenue was up 5.7% compared to the same quarter last year. During the same quarter last year, the business earned $1.40 earnings per share. Fidelity National Information Services has set its FY 2025 guidance at 5.740-5.780 EPS. Sell-side analysts anticipate 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 announced 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 annualized dividend and a yield of 2.6%. The ex-dividend date was Tuesday, December 9th. Fidelity National Information Services’s dividend payout ratio (DPR) is currently 592.59%.

Insiders Place Their Bets

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein purchased 941 shares of the firm’s stock in a transaction dated Thursday, January 15th. The stock was bought at an average price of $64.11 per share, with a total value of $60,327.51. Following the completion of the purchase, the director owned 14,529 shares in the company, valued at $931,454.19. This trade represents a 6.93% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 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.