SG Americas Securities LLC Has $4.74 Million Stake in Fidelity National Information Services, Inc. $FIS

SG Americas Securities LLC increased its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 148.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 71,811 shares of the information technology services provider’s stock after purchasing an additional 42,862 shares during the period. SG Americas Securities LLC’s holdings in Fidelity National Information Services were worth $4,735,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Fidelity National Information Services by 0.6% during the second quarter. Vanguard Group Inc. now owns 63,019,323 shares of the information technology services provider’s stock worth $5,130,403,000 after buying an additional 376,499 shares in the last quarter. Dodge & Cox grew its stake in shares of Fidelity National Information Services by 1.3% in the second quarter. Dodge & Cox now owns 35,274,497 shares of the information technology services provider’s stock valued at $2,871,697,000 after acquiring an additional 466,199 shares in the last quarter. Geode Capital Management LLC increased its position in Fidelity National Information Services by 0.4% during the second quarter. Geode Capital Management LLC now owns 13,288,097 shares of the information technology services provider’s stock worth $1,077,157,000 after acquiring an additional 48,968 shares during the period. Boston Partners raised its stake in Fidelity National Information Services by 10.5% in the 2nd quarter. Boston Partners now owns 11,820,211 shares of the information technology services provider’s stock worth $958,537,000 after purchasing an additional 1,122,181 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Fidelity National Information Services by 1.0% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 10,224,056 shares of the information technology services provider’s stock valued at $832,141,000 after purchasing an additional 97,843 shares during the period. 96.23% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on FIS shares. 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 report on Wednesday, October 1st. Truist Financial lowered their price objective on Fidelity National Information Services from $72.00 to $70.00 and set a “hold” rating on the stock in a research note on Wednesday, November 19th. Wells Fargo & Company started coverage on Fidelity National Information Services in a research report on Wednesday, October 22nd. They set an “overweight” rating and a $81.00 target price for the company. Citigroup raised Fidelity National Information Services to a “hold” rating in a report on Thursday, October 23rd. Finally, Stephens dropped 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 note on Thursday, October 16th. 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’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $84.44.

Fidelity National Information Services Trading Down 1.0%

Shares of FIS opened at $66.84 on Friday. Fidelity National Information Services, Inc. has a 52-week low of $59.51 and a 52-week high of $83.97. The business’s fifty day moving average is $65.74 and its 200-day moving average is $69.65. 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 firm has a market cap of $34.61 billion, a price-to-earnings ratio of 247.55 and a beta of 0.93.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings data on Wednesday, November 5th. The information technology services provider reported $1.51 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $2.65 billion. During the same period in the prior year, the company earned $1.40 EPS. Fidelity National Information Services’s revenue for the quarter 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. Equities analysts anticipate that Fidelity National Information Services, Inc. will post 5.74 EPS for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 23rd. Investors of record on Tuesday, December 9th were issued 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 dividend yield of 2.4%. Fidelity National Information Services’s payout ratio is 592.59%.

Insider Transactions at Fidelity National Information Services

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

About Fidelity National Information Services

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.