Fidelity National Information Services, Inc. $FIS Stock Position Decreased by Cwm LLC

Cwm LLC trimmed its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 55.5% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 15,679 shares of the information technology services provider’s stock after selling 19,558 shares during the period. Cwm LLC’s holdings in Fidelity National Information Services were worth $1,034,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in FIS. World Investment Advisors grew its position in Fidelity National Information Services by 0.9% in the third quarter. World Investment Advisors now owns 75,479 shares of the information technology services provider’s stock worth $4,977,000 after acquiring an additional 692 shares in the last quarter. Alliance Wealth Advisors LLC lifted its stake in shares of Fidelity National Information Services by 89.1% in the 3rd quarter. Alliance Wealth Advisors LLC now owns 4,753 shares of the information technology services provider’s stock valued at $313,000 after purchasing an additional 2,240 shares during the last quarter. Global X Japan Co. Ltd. boosted its holdings in Fidelity National Information Services by 1,665.8% in the third quarter. Global X Japan Co. Ltd. now owns 3,461 shares of the information technology services provider’s stock worth $228,000 after purchasing an additional 3,265 shares in the last quarter. Swedbank AB increased its position in Fidelity National Information Services by 3.3% during the third quarter. Swedbank AB now owns 387,465 shares of the information technology services provider’s stock worth $25,549,000 after buying an additional 12,486 shares during the last quarter. Finally, Cypress Wealth Services LLC raised its holdings in Fidelity National Information Services by 62.8% during the third quarter. Cypress Wealth Services LLC now owns 4,909 shares of the information technology services provider’s stock valued at $324,000 after buying an additional 1,894 shares in the last quarter. Institutional investors and hedge funds own 96.23% of the company’s stock.

Insider Activity at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein bought 889 shares of Fidelity National Information Services stock in a transaction that occurred on Wednesday, October 15th. The stock was acquired at an average price of $67.66 per share, for a total transaction of $60,149.74. Following the completion of the purchase, the director owned 13,588 shares in the company, valued at approximately $919,364.08. This represents a 7.00% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.21% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on FIS. Wells Fargo & Company assumed coverage on Fidelity National Information Services in a research note on Wednesday, October 22nd. They set an “overweight” rating and a $81.00 price target for the company. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Fidelity National Information Services in a research report on Wednesday, October 8th. Citigroup upgraded Fidelity National Information Services to a “hold” rating in a report on Thursday, October 23rd. Stephens reduced their price objective on shares of Fidelity National Information Services from $100.00 to $90.00 and set an “overweight” rating for the company in a research note on Thursday, October 16th. Finally, Keefe, Bruyette & Woods lowered their target price on shares of Fidelity National Information Services from $88.00 to $85.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 1st. Eleven investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $84.44.

Fidelity National Information Services Stock Up 1.0%

Shares of FIS stock opened at $67.06 on Wednesday. Fidelity National Information Services, Inc. has a 12 month low of $59.51 and a 12 month high of $83.97. 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 firm has a market cap of $34.72 billion, a PE ratio of 248.35 and a beta of 0.93. The stock has a 50 day moving average of $65.45 and a 200-day moving average of $69.87.

Fidelity National Information Services (NYSE:FIS) last announced its earnings results on Wednesday, November 5th. The information technology services provider reported $1.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.48 by $0.03. The business 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 in the previous year, the firm posted $1.40 earnings per share. Fidelity National Information Services has set its FY 2025 guidance at 5.740-5.780 EPS. On average, equities analysts predict that Fidelity National Information Services, Inc. will post 5.74 EPS for the current year.

Fidelity National Information Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 23rd. Stockholders of record on Tuesday, December 9th were issued a dividend of $0.40 per share. The ex-dividend date was Tuesday, December 9th. This represents a $1.60 annualized dividend and a dividend yield of 2.4%. Fidelity National Information Services’s payout ratio is presently 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.