Spire Wealth Management Buys 1,131 Shares of Fidelity National Information Services, Inc. $FIS

Spire Wealth Management increased its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 1,396.3% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,212 shares of the information technology services provider’s stock after buying an additional 1,131 shares during the period. Spire Wealth Management’s holdings in Fidelity National Information Services were worth $99,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of FIS. Baupost Group LLC MA bought a new position in Fidelity National Information Services in the first quarter worth approximately $260,853,000. Nuveen LLC bought a new position in Fidelity National Information Services in the first quarter worth approximately $187,514,000. Invesco Ltd. raised its stake in Fidelity National Information Services by 22.9% in the first quarter. Invesco Ltd. now owns 9,304,011 shares of the information technology services provider’s stock worth $694,824,000 after buying an additional 1,730,878 shares in the last quarter. Hotchkis & Wiley Capital Management LLC raised its stake in Fidelity National Information Services by 17.4% in the first 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 buying an additional 986,646 shares in the last quarter. Finally, Hawk Ridge Capital Management LP raised its stake in Fidelity National Information Services by 647.7% in the first 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 buying an additional 920,200 shares in the last quarter. Institutional investors own 96.23% of the company’s stock.

Insider Buying and Selling

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein purchased 889 shares of the stock in a transaction on Wednesday, October 15th. The shares were bought at an average cost of $67.66 per share, with a total value of $60,149.74. Following the completion of the acquisition, the director 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 purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.21% of the company’s stock.

Fidelity National Information Services Price Performance

Shares of FIS opened at $64.71 on Thursday. The firm has a market capitalization of $33.80 billion, a PE ratio of 359.49 and a beta of 1.05. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.59 and a quick ratio of 0.59. Fidelity National Information Services, Inc. has a 1-year low of $59.51 and a 1-year high of $89.57. The company’s fifty day moving average price is $66.52 and its 200-day moving average price is $74.07.

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, beating analysts’ consensus estimates 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 net margin of 1.09% and a return on equity of 18.73%. The business’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period in the previous 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 research analysts predict that Fidelity National Information Services, Inc. will post 5.74 EPS for the current year.

Fidelity National Information Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 23rd. Shareholders of record on Tuesday, December 9th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Tuesday, December 9th. Fidelity National Information Services’s dividend payout ratio is presently 888.89%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on FIS shares. Wells Fargo & Company started coverage on shares of Fidelity National Information Services in a research note on Wednesday, October 22nd. They issued an “overweight” rating and a $81.00 price objective for the company. Keefe, Bruyette & Woods cut their price target 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. 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 on the stock in a report on Tuesday, October 14th. Robert W. Baird lifted their price target on shares of Fidelity National Information Services from $82.00 to $86.00 and gave the stock a “neutral” rating in a report on Wednesday, July 16th. Finally, Citigroup raised shares of Fidelity National Information Services to a “hold” rating in a report on Thursday, October 23rd. Eleven research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $86.25.

Fidelity National Information Services Profile

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.