American Century Companies Inc. Acquires 8,563 Shares of Fidelity National Information Services, Inc. $FIS

American Century Companies Inc. raised its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 25.4% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 42,310 shares of the information technology services provider’s stock after acquiring an additional 8,563 shares during the quarter. American Century Companies Inc.’s holdings in Fidelity National Information Services were worth $3,445,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Monetary Management Group Inc. lifted its holdings in Fidelity National Information Services by 2.8% in the 1st quarter. Monetary Management Group Inc. now owns 4,960 shares of the information technology services provider’s stock worth $370,000 after purchasing an additional 135 shares during the last quarter. Phoenix Wealth Advisors raised its position in shares of Fidelity National Information Services by 0.4% in the first quarter. Phoenix Wealth Advisors now owns 30,861 shares of the information technology services provider’s stock valued at $2,305,000 after purchasing an additional 135 shares during the period. CX Institutional lifted its stake in shares of 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 worth $514,000 after buying an additional 140 shares during the last quarter. Dorsey & Whitney Trust CO LLC boosted its holdings in shares of Fidelity National Information Services by 4.2% during the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 4,010 shares of the information technology services provider’s stock worth $299,000 after buying an additional 160 shares during the period. Finally, Wealthspire Advisors LLC grew its stake in 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 last quarter. Institutional investors own 96.23% of the company’s stock.

Fidelity National Information Services Price Performance

Shares of FIS stock opened at $65.86 on Tuesday. Fidelity National Information Services, Inc. has a 12 month low of $59.51 and a 12 month high of $85.85. The company has a market capitalization of $34.11 billion, a P/E ratio of 243.93 and a beta of 0.92. The stock has a 50 day moving average of $65.68 and a two-hundred day moving average of $71.86. 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 earnings results on Wednesday, November 5th. The information technology services provider reported $1.51 EPS for the quarter, beating analysts’ consensus estimates of $1.48 by $0.03. Fidelity National Information Services had a return on equity of 19.76% and a net margin of 1.45%.The business had revenue of $2.72 billion during the quarter, compared to analyst estimates of $2.65 billion. During the same period in the prior year, the company posted $1.40 earnings per share. Fidelity National Information Services’s revenue 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, equities analysts expect that Fidelity National Information Services, Inc. will post 5.74 EPS for the current year.

Fidelity National Information Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 23rd. Investors of record on Tuesday, December 9th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Tuesday, December 9th. Fidelity National Information Services’s dividend payout ratio is 592.59%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on FIS shares. Citigroup raised shares of Fidelity National Information Services to a “hold” rating in a research report on Thursday, October 23rd. Susquehanna lowered their target price on Fidelity National Information Services from $81.00 to $77.00 and set a “neutral” rating on the stock in a report on Friday, September 12th. JPMorgan Chase & Co. cut their price target 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. Jefferies Financial Group reduced their price objective on Fidelity National Information Services from $75.00 to $70.00 and set a “hold” rating for the company in a research report on Tuesday, October 14th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Fidelity National Information Services in a research report on Wednesday, October 8th. Twelve equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $85.41.

Insider Buying and Selling

In related news, Director Jeffrey A. Goldstein acquired 889 shares of the stock in a transaction dated Wednesday, October 15th. The shares were bought at an average cost of $67.66 per share, for a total transaction of $60,149.74. Following the purchase, the director owned 13,588 shares in the company, valued at approximately $919,364.08. This trade represents a 7.00% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.21% of the stock is currently owned by corporate insiders.

Fidelity National Information Services Profile

Fidelity National Information Services, Inc engages in the provision of financial services technology solutions for financial institutions, businesses, and developers worldwide. It operates through Banking Solutions, Capital Market Solutions, and Corporate and Other segments. The company provides core processing and ancillary applications; mobile and online banking; fraud, risk management, and compliance; card and retail payment; electronic funds transfer and network; wealth and retirement; and item processing and output solutions.