Alpha Cubed Investments LLC Cuts Stock Position in Fidelity National Information Services, Inc. $FIS

Alpha Cubed Investments LLC decreased its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 57.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,494 shares of the information technology services provider’s stock after selling 15,673 shares during the period. Alpha Cubed Investments LLC’s holdings in Fidelity National Information Services were worth $758,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Brighton Jones LLC acquired a new stake in shares of Fidelity National Information Services in the 4th quarter worth $347,000. Geneos Wealth Management Inc. boosted its holdings in Fidelity National Information Services by 70.1% in the first quarter. Geneos Wealth Management Inc. now owns 1,046 shares of the information technology services provider’s stock worth $78,000 after acquiring an additional 431 shares in the last quarter. Sivia Capital Partners LLC acquired a new stake in Fidelity National Information Services in the second quarter worth about $302,000. GC Wealth Management RIA LLC purchased a new stake in shares of Fidelity National Information Services during the second quarter worth about $262,000. Finally, Greenleaf Trust increased its holdings in shares of Fidelity National Information Services by 35.2% during the second quarter. Greenleaf Trust now owns 5,737 shares of the information technology services provider’s stock valued at $467,000 after acquiring an additional 1,493 shares in the last quarter. 96.23% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Jeffrey A. Goldstein purchased 941 shares of the company’s stock in a transaction that occurred on Thursday, January 15th. The shares were bought at an average price of $64.11 per share, for a total transaction of $60,327.51. Following the completion of the transaction, the director owned 14,529 shares in the company, valued at $931,454.19. This represents a 6.93% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. 0.21% of the stock is currently owned by corporate insiders.

Fidelity National Information Services Stock Performance

NYSE FIS opened at $55.18 on Friday. The firm has a market capitalization of $28.57 billion, a P/E ratio of 204.36, a PEG ratio of 0.84 and a beta of 0.93. The stock has a 50-day simple moving average of $64.86 and a two-hundred day simple moving average of $67.81. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.53 and a current ratio of 0.53. Fidelity National Information Services, Inc. has a fifty-two week low of $54.65 and a fifty-two week high of $83.97.

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

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. UBS Group lifted their target price on shares of Fidelity National Information Services from $82.00 to $83.00 and gave the stock a “buy” rating in a research note on Thursday, November 6th. Royal Bank Of Canada decreased their price target on shares of Fidelity National Information Services from $93.00 to $86.00 and set an “outperform” rating for the company in a report on Thursday, November 6th. 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 on the stock in a report on Tuesday, January 20th. Jefferies Financial Group reduced their target price on Fidelity National Information Services from $75.00 to $70.00 and set a “hold” rating for the company in a research note on Tuesday, October 14th. Finally, Compass Point lowered their price target on Fidelity National Information Services from $90.00 to $81.00 and set a “buy” rating for the company in a research report on Tuesday, January 13th. Twelve research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $79.53.

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.