Bank of New York Mellon Corp Sells 112,593 Shares of Fidelity National Information Services, Inc. $FIS

Bank of New York Mellon Corp lessened its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 3.4% during the third quarter, Holdings Channel reports. The fund owned 3,170,638 shares of the information technology services provider’s stock after selling 112,593 shares during the period. Bank of New York Mellon Corp’s holdings in Fidelity National Information Services were worth $209,072,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. NewSquare Capital LLC lifted its stake in shares of Fidelity National Information Services by 115.1% during the 2nd quarter. NewSquare Capital LLC now owns 357 shares of the information technology services provider’s stock worth $29,000 after buying an additional 191 shares during the last quarter. Root Financial Partners LLC bought a new position in Fidelity National Information Services in the 3rd quarter valued at about $29,000. Steigerwald Gordon & Koch Inc. acquired a new stake in Fidelity National Information Services during the third quarter worth approximately $37,000. Valued Wealth Advisors LLC bought a new stake in shares of Fidelity National Information Services during the second quarter worth approximately $42,000. Finally, GFG Capital LLC acquired a new position in shares of Fidelity National Information Services in the second quarter valued at approximately $43,000. 96.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein bought 941 shares of Fidelity National Information Services stock in a transaction that occurred on Thursday, January 15th. The shares were acquired at an average cost of $64.11 per share, for a total transaction of $60,327.51. Following the completion of the acquisition, the director directly owned 14,529 shares of the company’s stock, valued at approximately $931,454.19. The trade was a 6.93% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.21% of the company’s stock.

Fidelity National Information Services Stock Up 0.0%

Shares of NYSE FIS opened at $55.22 on Friday. The company has a market cap of $28.60 billion, a price-to-earnings ratio of 204.52, a PEG ratio of 0.82 and a beta of 0.93. 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, Inc. has a 12 month low of $54.40 and a 12 month high of $83.97. The stock has a 50-day moving average price of $64.68 and a two-hundred day moving average price of $67.65.

Fidelity National Information Services (NYSE:FIS) last posted its earnings results on Wednesday, November 5th. The information technology services provider reported $1.51 earnings per share for the quarter, topping analysts’ consensus estimates of $1.48 by $0.03. The firm had revenue of $2.72 billion for the quarter, compared to analysts’ expectations of $2.65 billion. Fidelity National Information Services had a net margin of 1.45% and a return on equity of 19.76%. The company’s revenue was up 5.7% on a year-over-year basis. 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. As a group, analysts forecast that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current fiscal year.

Fidelity National Information Services Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 24th. Shareholders of record on Tuesday, March 10th will be given a $0.44 dividend. This is a boost from Fidelity National Information Services’s previous quarterly dividend of $0.40. The ex-dividend date is Tuesday, March 10th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.2%. Fidelity National Information Services’s dividend payout ratio is presently 592.59%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on FIS. Truist Financial dropped their price target on Fidelity National Information Services from $72.00 to $70.00 and set a “hold” rating for the company in a report on Wednesday, November 19th. Jefferies Financial Group dropped their target price on Fidelity National Information Services from $75.00 to $70.00 and set a “hold” rating for the company in a report on Tuesday, October 14th. KeyCorp restated a “hold” rating on shares of Fidelity National Information Services in a research note on Wednesday, October 22nd. BNP Paribas Exane dropped their price objective on shares of Fidelity National Information Services from $60.00 to $55.00 and set an “underperform” rating for the company in a research note on Tuesday, January 20th. Finally, JPMorgan Chase & Co. cut their price objective on shares of 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. Twelve analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $79.53.

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.