Brown Advisory Inc. Lowers Stock Position in Fidelity National Information Services, Inc. $FIS

Brown Advisory Inc. trimmed its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 21.9% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 257,365 shares of the information technology services provider’s stock after selling 71,960 shares during the period. Brown Advisory Inc.’s holdings in Fidelity National Information Services were worth $20,952,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in Fidelity National Information Services during the second quarter worth about $624,858,000. Baupost Group LLC MA acquired a new stake in Fidelity National Information Services during the 1st quarter worth approximately $260,853,000. Nuveen LLC acquired a new stake in Fidelity National Information Services during the 1st quarter worth approximately $187,514,000. Invesco Ltd. raised its holdings 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 valued at $694,824,000 after buying an additional 1,730,878 shares during the period. Finally, Boston Partners lifted its position in Fidelity National Information Services by 10.5% during the second quarter. Boston Partners now owns 11,820,211 shares of the information technology services provider’s stock valued at $958,537,000 after buying an additional 1,122,181 shares in the last quarter. Institutional investors and hedge funds own 96.23% of the company’s stock.

Fidelity National Information Services Stock Up 1.6%

Shares of Fidelity National Information Services stock opened at $66.63 on Friday. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.53 and a quick ratio of 0.53. Fidelity National Information Services, Inc. has a 1-year low of $59.51 and a 1-year high of $85.86. The business has a 50-day moving average of $65.67 and a 200-day moving average of $72.00. The company 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 issued its quarterly earnings results 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 return on equity of 19.76% and a net margin of 1.45%.The firm 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 business posted $1.40 earnings per share. Fidelity National Information Services’s revenue for the quarter was up 5.7% on a year-over-year basis. Fidelity National Information Services has set its FY 2025 guidance at 5.740-5.780 EPS. As a group, equities analysts forecast that Fidelity National Information Services, Inc. will post 5.74 EPS for the current fiscal year.

Fidelity National Information Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 23rd. Investors of record on Tuesday, December 9th will be paid 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 is Tuesday, December 9th. Fidelity National Information Services’s payout ratio is 592.59%.

Insider Buying and Selling

In related news, Director Jeffrey A. Goldstein acquired 889 shares of Fidelity National Information Services stock in a transaction on Wednesday, October 15th. The shares were purchased at an average cost of $67.66 per share, for a total transaction of $60,149.74. Following the purchase, the director directly owned 13,588 shares of the company’s stock, valued at $919,364.08. The trade was a 7.00% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.21% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Weiss Ratings reissued a “sell (d)” rating on shares of Fidelity National Information Services in a research note on Wednesday, October 8th. Truist Financial lowered their price target on Fidelity National Information Services from $72.00 to $70.00 and set a “hold” rating for the company in a report on Wednesday, November 19th. Wells Fargo & Company assumed coverage on Fidelity National Information Services in a research note on Wednesday, October 22nd. They set an “overweight” rating and a $81.00 price objective on the stock. Stephens lowered their target price on Fidelity National Information Services from $100.00 to $90.00 and set an “overweight” rating for the company in a research note on Thursday, October 16th. Finally, Susquehanna dropped their target price on Fidelity National Information Services from $81.00 to $77.00 and set a “neutral” rating on the stock 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 company’s stock. Based on data from MarketBeat.com, the stock currently 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.