Fidelity National Information Services, Inc. $FIS Stake Cut by Ethic Inc.

Ethic Inc. lessened its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 18.5% during the 3rd quarter, HoldingsChannel reports. The fund owned 65,610 shares of the information technology services provider’s stock after selling 14,864 shares during the period. Ethic Inc.’s holdings in Fidelity National Information Services were worth $4,326,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. Cullen Investment Group LTD. raised its holdings in shares of Fidelity National Information Services by 10.4% during the second quarter. Cullen Investment Group LTD. now owns 58,464 shares of the information technology services provider’s stock worth $4,760,000 after acquiring an additional 5,521 shares in the last quarter. Hilltop National Bank acquired a new position in Fidelity National Information Services in the 2nd quarter worth about $1,616,000. Norges Bank acquired a new position in Fidelity National Information Services in the 2nd quarter worth about $624,858,000. Brighton Jones LLC purchased a new stake in shares of Fidelity National Information Services during the 4th quarter worth about $347,000. Finally, Truist Financial Corp lifted its holdings in shares of Fidelity National Information Services by 6.6% during the 2nd quarter. Truist Financial Corp now owns 74,869 shares of the information technology services provider’s stock valued at $6,095,000 after buying an additional 4,619 shares during the last quarter. Institutional investors and hedge funds own 96.23% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on FIS. UBS Group raised their price objective on shares of 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. KeyCorp restated a “hold” rating on shares of Fidelity National Information Services in a report on Wednesday, October 22nd. Keefe, Bruyette & Woods decreased their price objective on shares of 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. Truist Financial cut their target price on Fidelity National Information Services from $72.00 to $70.00 and set a “hold” rating on the stock in a report on Wednesday, November 19th. Finally, Citigroup raised Fidelity National Information Services to a “hold” rating in a research report on Thursday, October 23rd. Twelve equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Fidelity National Information Services currently has a consensus rating of “Moderate Buy” and a consensus target price of $85.41.

Insider Activity at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein purchased 889 shares of the business’s stock in a transaction dated Wednesday, October 15th. The stock was bought at an average cost of $67.66 per share, for a total transaction of $60,149.74. Following the completion of the acquisition, the director directly owned 13,588 shares in the company, valued at $919,364.08. This represents a 7.00% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.21% of the stock is currently owned by company insiders.

Fidelity National Information Services Stock Performance

Shares of FIS opened at $67.14 on Wednesday. The company has a market capitalization of $34.77 billion, a PE ratio of 248.65 and a beta of 0.92. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.53 and a quick ratio of 0.53. Fidelity National Information Services, Inc. has a one year low of $59.51 and a one year high of $83.97. The company’s fifty day moving average price is $65.53 and its 200 day moving average price is $70.37.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings results on Wednesday, November 5th. The information technology services provider reported $1.51 earnings per share (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 the consensus estimate of $2.65 billion. Fidelity National Information Services had a return on equity of 19.76% and a net margin of 1.45%.The firm’s revenue was up 5.7% compared to the same quarter last year. During the same period last 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, analysts expect 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 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 was Tuesday, December 9th. Fidelity National Information Services’s payout ratio is currently 592.59%.

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.