Amundi Reduces Stock Position in Fidelity National Information Services, Inc. $FIS

Amundi trimmed its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 9.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,749,315 shares of the information technology services provider’s stock after selling 174,032 shares during the period. Amundi owned 0.33% of Fidelity National Information Services worth $142,167,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in the business. NewSquare Capital LLC lifted its stake in Fidelity National Information Services by 115.1% during the second quarter. NewSquare Capital LLC now owns 357 shares of the information technology services provider’s stock worth $29,000 after purchasing an additional 191 shares during the last quarter. Valued Wealth Advisors LLC acquired a new position in shares of Fidelity National Information Services in the 2nd quarter valued at $42,000. GFG Capital LLC purchased a new position in shares of Fidelity National Information Services in the 2nd quarter valued at $43,000. Wealth Preservation Advisors LLC purchased a new position in shares of Fidelity National Information Services in the 1st quarter valued at $50,000. Finally, FNY Investment Advisers LLC acquired a new stake in Fidelity National Information Services during the 2nd quarter worth $54,000. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Insider Activity

In other news, Director Jeffrey A. Goldstein bought 889 shares of the business’s stock in a transaction that occurred on Wednesday, October 15th. The stock was purchased at an average price of $67.66 per share, with a total value of $60,149.74. Following the purchase, the director owned 13,588 shares of the company’s stock, valued at $919,364.08. This trade represents a 7.00% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. 0.21% of the stock is owned by corporate insiders.

Analyst Ratings Changes

FIS has been the topic of a number of research analyst reports. Truist Financial cut their target price on Fidelity National Information Services from $72.00 to $70.00 and set a “hold” rating on the stock in a research report 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 research report on Thursday, November 6th. KeyCorp reiterated a “hold” rating on shares of Fidelity National Information Services in a research note on Wednesday, October 22nd. UBS Group raised their target price 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. Finally, Stephens cut 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 report on Thursday, October 16th. 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 company has an average rating of “Moderate Buy” and an average price target of $85.41.

Fidelity National Information Services Stock Up 1.6%

Shares of Fidelity National Information Services stock opened at $66.63 on Monday. Fidelity National Information Services, Inc. has a one year low of $59.51 and a one year high of $85.86. The company has a market cap of $34.51 billion, a P/E ratio of 246.79 and a beta of 0.92. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.53 and a current ratio of 0.53. The firm has a fifty day moving average of $65.67 and a two-hundred day moving average of $71.95.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings results 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. 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 for the quarter, compared to the consensus estimate of $2.65 billion. During the same period in the previous year, the business earned $1.40 earnings per share. The company’s revenue for the quarter 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, analysts forecast that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current year.

Fidelity National Information Services Announces Dividend

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

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.