AlphaCore Capital LLC Makes New $116,000 Investment in Fidelity National Information Services, Inc. $FIS

AlphaCore Capital LLC bought a new stake in Fidelity National Information Services, Inc. (NYSE:FIS) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 1,420 shares of the information technology services provider’s stock, valued at approximately $116,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Mufg Securities Americas Inc. grew its position in Fidelity National Information Services by 24.2% during the second quarter. Mufg Securities Americas Inc. now owns 11,644 shares of the information technology services provider’s stock worth $948,000 after buying an additional 2,268 shares during the period. Journey Strategic Wealth LLC raised its holdings in Fidelity National Information Services by 5.5% during the second quarter. Journey Strategic Wealth LLC now owns 11,126 shares of the information technology services provider’s stock worth $906,000 after purchasing an additional 578 shares during the last quarter. Legal & General Group Plc boosted its position in Fidelity National Information Services by 0.4% during the second quarter. Legal & General Group Plc now owns 3,680,348 shares of the information technology services provider’s stock worth $299,617,000 after purchasing an additional 12,923 shares in the last quarter. MAI Capital Management boosted its position in Fidelity National Information Services by 258.5% during the second quarter. MAI Capital Management now owns 23,821 shares of the information technology services provider’s stock worth $1,939,000 after purchasing an additional 17,176 shares in the last quarter. Finally, DNB Asset Management AS increased its position in shares of Fidelity National Information Services by 1.6% in the second quarter. DNB Asset Management AS now owns 99,192 shares of the information technology services provider’s stock valued at $8,075,000 after buying an additional 1,590 shares in the last quarter. 96.23% of the stock is owned by institutional investors and hedge funds.

Fidelity National Information Services Stock Performance

NYSE FIS opened at $65.64 on Wednesday. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $33.99 billion, a PE ratio of 364.68 and a beta of 1.01. The business’s 50-day moving average price is $65.49 and its 200 day moving average price is $72.70. Fidelity National Information Services, Inc. has a twelve month low of $59.51 and a twelve month high of $86.03.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings data on Wednesday, November 5th. The information technology services provider reported $1.51 EPS for the quarter, beating analysts’ consensus estimates of $1.48 by $0.03. Fidelity National Information Services had a net margin of 1.09% and a return on equity of 18.73%. The company had revenue of $2.72 billion during the quarter, compared to the consensus estimate of $2.65 billion. During the same quarter in the prior year, the company posted $1.40 EPS. The company’s quarterly revenue was up 5.7% compared to the same quarter last year. Fidelity National Information Services has set its FY 2025 guidance at 5.740-5.780 EPS. On average, research analysts predict that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current year.

Fidelity National Information Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 23rd. Shareholders of record on Tuesday, December 9th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Tuesday, December 9th. This represents a $1.60 dividend on an annualized basis and a yield of 2.4%. Fidelity National Information Services’s dividend payout ratio (DPR) is currently 592.59%.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. UBS Group boosted their price objective on shares of Fidelity National Information Services from $82.00 to $83.00 and gave the stock a “buy” rating in a research report on Thursday, November 6th. KeyCorp reaffirmed a “hold” rating on shares of Fidelity National Information Services in a report on Wednesday, October 22nd. Jefferies Financial Group cut their price objective on Fidelity National Information Services from $75.00 to $70.00 and set a “hold” rating for the company in a research report on Tuesday, October 14th. JPMorgan Chase & Co. reduced their target price on Fidelity National Information Services from $85.00 to $80.00 and set an “overweight” rating on the stock in a research note on Thursday, November 6th. Finally, Wells Fargo & Company began coverage on Fidelity National Information Services in a research report on Wednesday, October 22nd. They set an “overweight” rating and a $81.00 price target for the company. Twelve research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Fidelity National Information Services presently has a consensus rating of “Moderate Buy” and an average price target of $85.41.

Insider Buying and Selling at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein acquired 889 shares of the stock in a transaction dated Wednesday, October 15th. The stock was bought at an average cost of $67.66 per share, with a total value of $60,149.74. Following the purchase, the director directly owned 13,588 shares of the company’s stock, valued at approximately $919,364.08. This 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 at this link. 0.21% of the stock is currently owned by company insiders.

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.