Envestnet Portfolio Solutions Inc. Lowers Stake in Fidelity National Information Services, Inc. $FIS

Envestnet Portfolio Solutions Inc. reduced its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 15.4% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 7,166 shares of the information technology services provider’s stock after selling 1,300 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Fidelity National Information Services were worth $583,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of FIS. Baupost Group LLC MA purchased a new position in Fidelity National Information Services during the 1st quarter worth $260,853,000. Nuveen LLC purchased a new position in Fidelity National Information Services during the 1st quarter worth $187,514,000. Invesco Ltd. grew its position in Fidelity National Information Services by 22.9% during the 1st quarter. Invesco Ltd. now owns 9,304,011 shares of the information technology services provider’s stock worth $694,824,000 after purchasing an additional 1,730,878 shares during the last quarter. Hotchkis & Wiley Capital Management LLC grew its position in Fidelity National Information Services by 17.4% during the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 6,666,499 shares of the information technology services provider’s stock worth $497,854,000 after purchasing an additional 986,646 shares during the last quarter. Finally, Hawk Ridge Capital Management LP grew its position in Fidelity National Information Services by 647.7% during the 1st quarter. Hawk Ridge Capital Management LP now owns 1,062,280 shares of the information technology services provider’s stock worth $79,331,000 after purchasing an additional 920,200 shares during the last quarter. 96.23% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein purchased 889 shares of Fidelity National Information Services stock in a transaction on Wednesday, October 15th. The shares were bought at an average price of $67.66 per share, with a total value of $60,149.74. Following the completion of the acquisition, the director directly owned 13,588 shares of the company’s stock, valued at approximately $919,364.08. This trade represents a 7.00% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.21% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts have issued reports on FIS shares. Weiss Ratings reissued a “sell (d)” rating on shares of Fidelity National Information Services in a research report on Wednesday, October 8th. Jefferies Financial Group cut their price target on shares of 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. Robert W. Baird raised their price objective on shares of Fidelity National Information Services from $82.00 to $86.00 and gave the company a “neutral” rating in a research report on Wednesday, July 16th. 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 report on Thursday, October 16th. Finally, UBS Group upgraded shares of Fidelity National Information Services from a “neutral” rating to a “buy” rating and set a $82.00 price objective for the company in a research report on Tuesday, September 30th. Thirteen equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $89.33.

Fidelity National Information Services Stock Down 0.4%

FIS stock opened at $67.70 on Wednesday. The company has a market cap of $35.36 billion, a P/E ratio of 376.10 and a beta of 1.05. Fidelity National Information Services, Inc. has a 52 week low of $63.00 and a 52 week high of $91.98. The company’s 50-day moving average price is $67.80 and its 200 day moving average price is $74.52. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.63.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings data on Tuesday, August 5th. The information technology services provider reported $1.36 EPS for the quarter, hitting analysts’ consensus estimates of $1.36. The firm had revenue of $2.62 billion for the quarter, compared to the consensus estimate of $2.57 billion. Fidelity National Information Services had a net margin of 1.09% and a return on equity of 18.73%. The firm’s revenue was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.36 earnings per share. Fidelity National Information Services has set its Q3 2025 guidance at 1.460-1.500 EPS. FY 2025 guidance at 5.720-5.800 EPS. On average, research analysts expect that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 24th. Shareholders of record on Wednesday, September 10th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend was Wednesday, September 10th. Fidelity National Information Services’s dividend payout ratio is 888.89%.

About Fidelity National Information Services

Fidelity National Information Services, Inc engages in the provision of financial services technology solutions for financial institutions, businesses, and developers worldwide. It operates through Banking Solutions, Capital Market Solutions, and Corporate and Other segments. The company provides core processing and ancillary applications; mobile and online banking; fraud, risk management, and compliance; card and retail payment; electronic funds transfer and network; wealth and retirement; and item processing and output solutions.