Allworth Financial LP Raises Stake in Fidelity National Information Services, Inc. $FIS

Allworth Financial LP increased its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 27.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,411 shares of the information technology services provider’s stock after buying an additional 956 shares during the period. Allworth Financial LP’s holdings in Fidelity National Information Services were worth $359,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of FIS. Meeder Asset Management Inc. raised its position in shares of Fidelity National Information Services by 92.1% in the 1st quarter. Meeder Asset Management Inc. now owns 342 shares of the information technology services provider’s stock valued at $26,000 after purchasing an additional 164 shares during the last quarter. Hazlett Burt & Watson Inc. raised its holdings in Fidelity National Information Services by 179.9% in the 1st quarter. Hazlett Burt & Watson Inc. now owns 389 shares of the information technology services provider’s stock worth $29,000 after purchasing an additional 250 shares during the period. NewSquare Capital LLC increased its holdings in Fidelity National Information Services by 115.1% in the 2nd quarter. NewSquare Capital LLC now owns 357 shares of the information technology services provider’s stock worth $29,000 after acquiring an additional 191 shares in the last quarter. Cary Street Partners Investment Advisory LLC raised its position in shares of Fidelity National Information Services by 100.5% during the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 445 shares of the information technology services provider’s stock worth $33,000 after purchasing an additional 223 shares during the last quarter. Finally, Valued Wealth Advisors LLC acquired a new position in shares of Fidelity National Information Services during the second quarter valued at approximately $42,000. Hedge funds and other 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 bought 889 shares of the company’s stock in a transaction dated Wednesday, October 15th. The shares were acquired at an average cost of $67.66 per share, with a total value of $60,149.74. Following the completion of the transaction, the director owned 13,588 shares in the company, valued at $919,364.08. The trade was a 7.00% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.21% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms recently issued reports on FIS. 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 research report on Thursday, November 6th. Wells Fargo & Company initiated coverage on shares of Fidelity National Information Services in a report on Wednesday, October 22nd. They issued an “overweight” rating and a $81.00 target price on the stock. Royal Bank Of Canada lowered their price objective on Fidelity National Information Services from $93.00 to $86.00 and set an “outperform” rating for the company in a research report on Thursday, November 6th. Stephens dropped their target price on shares of Fidelity National Information Services from $100.00 to $90.00 and set an “overweight” rating on the stock in a research report on Thursday, October 16th. Finally, KeyCorp reiterated a “hold” rating on shares of Fidelity National Information Services in a research note on Wednesday, October 22nd. Twelve 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 data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $85.53.

Fidelity National Information Services Trading Down 3.2%

Shares of Fidelity National Information Services stock opened at $64.16 on Monday. Fidelity National Information Services, Inc. has a fifty-two week low of $59.51 and a fifty-two week high of $88.63. The business’s fifty day moving average is $66.00 and its two-hundred day moving average is $73.38. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.63. The firm has a market cap of $33.22 billion, a PE ratio of 356.45 and a beta of 1.01.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly 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 during 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%. Fidelity National Information Services’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.40 earnings per share. Fidelity National Information Services has set its FY 2025 guidance at 5.740-5.780 EPS. Analysts anticipate that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current year.

Fidelity National Information Services Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 23rd. Investors of record on Tuesday, December 9th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis 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 (DPR) is presently 592.59%.

Fidelity National Information Services Company 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.