1832 Asset Management L.P. Trims Stock Position in Fidelity National Information Services, Inc. $FIS

1832 Asset Management L.P. cut its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 27.6% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 31,869 shares of the information technology services provider’s stock after selling 12,131 shares during the period. 1832 Asset Management L.P.’s holdings in Fidelity National Information Services were worth $2,594,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of FIS. Brighton Jones LLC acquired a new stake in Fidelity National Information Services in the 4th quarter worth about $347,000. New Age Alpha Advisors LLC purchased a new stake in shares of Fidelity National Information Services during the first quarter worth approximately $70,000. Cary Street Partners Investment Advisory LLC raised its stake in Fidelity National Information Services by 100.5% in the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 445 shares of the information technology services provider’s stock valued at $33,000 after purchasing an additional 223 shares during the last quarter. ASR Vermogensbeheer N.V. acquired a new stake in Fidelity National Information Services during the 1st quarter worth $3,179,000. Finally, Charles Schwab Investment Management Inc. boosted its stake in Fidelity National Information Services by 0.3% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 10,126,213 shares of the information technology services provider’s stock worth $755,928,000 after purchasing an additional 31,626 shares during the last quarter. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Fidelity National Information Services Price Performance

Shares of FIS opened at $66.63 on Friday. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.64. Fidelity National Information Services, Inc. has a twelve month low of $59.51 and a twelve month high of $85.86. The stock’s 50 day moving average is $65.67 and its two-hundred day moving average is $72.06. The firm has a market capitalization of $34.51 billion, a PE ratio of 246.79 and a beta of 0.92.

Fidelity National Information Services (NYSE:FIS) last posted 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 business 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 1.45% and a return on equity of 19.76%. The company’s revenue was up 5.7% on a year-over-year basis. During the same quarter in the previous 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. Research 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 firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 23rd. Investors of record on Tuesday, December 9th will be paid a dividend of $0.40 per share. The ex-dividend date is Tuesday, December 9th. This represents a $1.60 annualized dividend and a yield of 2.4%. Fidelity National Information Services’s dividend payout ratio is 592.59%.

Insider Transactions at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein bought 889 shares of the business’s stock in a transaction on Wednesday, October 15th. The shares were bought at an average cost of $67.66 per share, for a total transaction of $60,149.74. Following the completion of the purchase, the director owned 13,588 shares of the company’s stock, valued at $919,364.08. This represents a 7.00% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.21% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

FIS has been the topic of a number of analyst reports. Jefferies Financial Group reduced their target price on shares of Fidelity National Information Services from $75.00 to $70.00 and set a “hold” rating on the stock in a research note on Tuesday, October 14th. Citigroup upgraded shares of Fidelity National Information Services to a “hold” rating in a report on Thursday, October 23rd. Royal Bank Of Canada decreased their price objective on Fidelity National Information Services from $93.00 to $86.00 and set an “outperform” rating on the stock in a report on Thursday, November 6th. KeyCorp restated a “hold” rating on shares of Fidelity National Information Services in a research report on Wednesday, October 22nd. Finally, Susquehanna lowered their price target on Fidelity National Information Services from $81.00 to $77.00 and set a “neutral” rating for the company in a report on Friday, September 12th. Twelve analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $85.41.

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.