Fidelity National Information Services, Inc. $FIS Shares Bought by HB Wealth Management LLC

HB Wealth Management LLC grew its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 14.9% in the 3rd quarter, Holdings Channel reports. The firm owned 63,483 shares of the information technology services provider’s stock after acquiring an additional 8,250 shares during the quarter. HB Wealth Management LLC’s holdings in Fidelity National Information Services were worth $4,186,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Cullen Investment Group LTD. increased its position in Fidelity National Information Services by 10.4% in 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 buying an additional 5,521 shares during the period. Hilltop National Bank bought a new position in shares of Fidelity National Information Services during the second quarter worth about $1,616,000. Norges Bank acquired a new stake in shares of Fidelity National Information Services in the 2nd quarter worth about $624,858,000. Brighton Jones LLC acquired a new stake in shares of Fidelity National Information Services in the 4th quarter worth about $347,000. Finally, Truist Financial Corp boosted its stake in 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 purchasing an additional 4,619 shares during the period. Institutional investors own 96.23% of the company’s stock.

Fidelity National Information Services Stock Down 1.0%

FIS opened at $66.84 on Friday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.53 and a current ratio of 0.53. The company has a market capitalization of $34.61 billion, a PE ratio of 247.55 and a beta of 0.93. The stock’s fifty day moving average is $65.74 and its 200-day moving average is $69.74. 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 released 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. Fidelity National Information Services had a return on equity of 19.76% and a net margin of 1.45%.The firm had revenue of $2.72 billion for the quarter, compared to analyst estimates of $2.65 billion. During the same period in the previous year, the company earned $1.40 earnings per share. Fidelity National Information Services’s revenue was up 5.7% compared to the same quarter last year. 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 fiscal 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 paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Tuesday, December 9th. This represents a $1.60 annualized dividend and a yield of 2.4%. Fidelity National Information Services’s dividend payout ratio is currently 592.59%.

Analyst Upgrades and Downgrades

FIS has been the topic of several analyst reports. Weiss Ratings restated a “sell (d)” rating on shares of Fidelity National Information Services in a research note on Wednesday, October 8th. JPMorgan Chase & Co. lowered their target price on Fidelity National Information Services from $85.00 to $80.00 and set an “overweight” rating on the stock in a research report on Thursday, November 6th. Stephens reduced their price target on Fidelity National Information Services from $100.00 to $90.00 and set an “overweight” rating for the company in a research report on Thursday, October 16th. Truist Financial lowered their price target 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, KeyCorp reaffirmed a “hold” rating on shares of Fidelity National Information Services in a report on Wednesday, October 22nd. Eleven research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Fidelity National Information Services presently has a consensus rating of “Moderate Buy” and an average price target of $84.44.

Insiders Place Their Bets

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein purchased 889 shares of the firm’s stock in a transaction on Wednesday, October 15th. The shares were purchased at an average price of $67.66 per share, for a total transaction of $60,149.74. Following the completion of the transaction, the director owned 13,588 shares in the company, valued at $919,364.08. This represents a 7.00% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.21% of the company’s stock.

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.