Associated Banc Corp Has $3.28 Million Stock Position in Fidelity National Information Services, Inc. $FIS

Associated Banc Corp lowered its position in Fidelity National Information Services, Inc. (NYSE:FIS) by 2.0% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,323 shares of the information technology services provider’s stock after selling 838 shares during the period. Associated Banc Corp’s holdings in Fidelity National Information Services were worth $3,283,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in FIS. XTX Topco Ltd lifted its holdings in shares of Fidelity National Information Services by 3.7% during the 2nd quarter. XTX Topco Ltd now owns 60,528 shares of the information technology services provider’s stock valued at $4,928,000 after purchasing an additional 2,145 shares in the last quarter. Steward Partners Investment Advisory LLC increased its stake in Fidelity National Information Services by 6.2% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 162,848 shares of the information technology services provider’s stock worth $13,257,000 after purchasing an additional 9,529 shares in the last quarter. Global Retirement Partners LLC acquired a new stake in Fidelity National Information Services during the 2nd quarter worth approximately $1,076,000. Coldstream Capital Management Inc. lifted its stake in Fidelity National Information Services by 33.2% in the second quarter. Coldstream Capital Management Inc. now owns 13,575 shares of the information technology services provider’s stock valued at $1,105,000 after buying an additional 3,382 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Fidelity National Information Services by 1.0% in the second quarter. Charles Schwab Investment Management Inc. now owns 10,224,056 shares of the information technology services provider’s stock valued at $832,141,000 after buying an additional 97,843 shares during the period. 96.23% of the stock is currently owned by institutional investors.

Fidelity National Information Services Trading Up 1.9%

NYSE FIS opened at $65.64 on Wednesday. Fidelity National Information Services, Inc. has a 12 month low of $59.51 and a 12 month high of $86.03. 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 stock has a 50 day moving average of $65.49 and a 200-day moving average of $72.70. The company has a market cap of $33.99 billion, a PE ratio of 364.68 and a beta of 1.01.

Fidelity National Information Services (NYSE:FIS) last issued its earnings results on Wednesday, November 5th. The information technology services provider reported $1.51 earnings per share for the quarter, topping analysts’ consensus estimates of $1.48 by $0.03. The business had revenue of $2.72 billion for the quarter, compared to the consensus estimate of $2.65 billion. Fidelity National Information Services had a net margin of 1.09% and a return on equity of 18.73%. The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. 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 anticipate that Fidelity National Information Services, Inc. will post 5.74 EPS for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 23rd. Stockholders of record on Tuesday, December 9th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Tuesday, December 9th. Fidelity National Information Services’s dividend payout ratio is presently 592.59%.

Analyst Ratings Changes

A number of equities research analysts recently commented on FIS shares. Keefe, Bruyette & Woods dropped their price objective 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. Susquehanna reduced their target price on shares of Fidelity National Information Services from $81.00 to $77.00 and set a “neutral” rating for the company in a research note on Friday, September 12th. Truist Financial dropped their price target on Fidelity National Information Services from $72.00 to $70.00 and set a “hold” rating on the stock in a research note on Wednesday, November 19th. JPMorgan Chase & Co. cut their price target on Fidelity National Information Services from $85.00 to $80.00 and set an “overweight” rating on the stock in a report on Thursday, November 6th. Finally, Royal Bank Of Canada decreased their price objective on 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. Twelve research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Fidelity National Information Services currently has a consensus rating of “Moderate Buy” and a consensus target price of $85.41.

Insider Transactions at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein purchased 889 shares of Fidelity National Information Services stock in a transaction that occurred on Wednesday, October 15th. The stock was acquired at an average price of $67.66 per share, for a total transaction of $60,149.74. Following the completion of the acquisition, the director owned 13,588 shares of the company’s stock, valued at approximately $919,364.08. This trade represents a 7.00% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.21% of the company’s stock.

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.