Cullen Investment Group LTD. Increases Stock Position in Fidelity National Information Services, Inc. $FIS

Cullen Investment Group LTD. raised its position in Fidelity National Information Services, Inc. (NYSE:FIS) by 16.2% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 67,950 shares of the information technology services provider’s stock after buying an additional 9,486 shares during the period. Cullen Investment Group LTD.’s holdings in Fidelity National Information Services were worth $4,533,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of FIS. Moody National Bank Trust Division increased its stake in shares of Fidelity National Information Services by 4.7% in the 3rd quarter. Moody National Bank Trust Division now owns 7,817 shares of the information technology services provider’s stock valued at $515,000 after purchasing an additional 349 shares in the last quarter. Cullen Capital Management LLC boosted its position in Fidelity National Information Services by 7.1% during the second quarter. Cullen Capital Management LLC now owns 17,510 shares of the information technology services provider’s stock worth $1,425,000 after purchasing an additional 1,160 shares in the last quarter. Corient Private Wealth LLC grew its holdings in Fidelity National Information Services by 2.8% in the second quarter. Corient Private Wealth LLC now owns 58,879 shares of the information technology services provider’s stock valued at $4,793,000 after purchasing an additional 1,586 shares during the period. Caldwell Trust Co purchased a new stake in shares of Fidelity National Information Services in the second quarter valued at approximately $1,488,000. Finally, Osaic Holdings Inc. raised its stake in shares of Fidelity National Information Services by 14.2% during the 2nd quarter. Osaic Holdings Inc. now owns 64,673 shares of the information technology services provider’s stock worth $5,236,000 after buying an additional 8,064 shares during the period. 96.23% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Weiss Ratings reissued a “sell (d)” rating on shares of Fidelity National Information Services in a report on Wednesday, October 8th. Keefe, Bruyette & Woods cut their target price on shares of Fidelity National Information Services from $88.00 to $85.00 and set an “outperform” rating for the company in a research note on Wednesday, October 1st. KeyCorp restated a “hold” rating on shares of Fidelity National Information Services in a research report on Wednesday, October 22nd. Jefferies Financial Group decreased their price target 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. Finally, Truist Financial cut their price objective on Fidelity National Information Services from $72.00 to $70.00 and set a “hold” rating for the company in a research note on Wednesday, November 19th. Twelve investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $85.41.

Fidelity National Information Services Trading Up 0.0%

FIS opened at $66.62 on Wednesday. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.53 and a quick ratio of 0.53. The company’s 50 day simple moving average is $65.64 and its two-hundred day simple moving average is $71.33. The firm has a market capitalization of $34.50 billion, a price-to-earnings ratio of 246.73 and a beta of 0.92. Fidelity National Information Services, Inc. has a 1-year low of $59.51 and a 1-year high of $83.97.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings results on Wednesday, November 5th. The information technology services provider reported $1.51 EPS for the quarter, beating the consensus estimate of $1.48 by $0.03. The firm had revenue of $2.72 billion during the quarter, compared to analysts’ expectations of $2.65 billion. Fidelity National Information Services had a return on equity of 19.76% and a net margin of 1.45%.The business’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.40 earnings per share. Fidelity National Information Services has set its FY 2025 guidance at 5.740-5.780 EPS. Analysts expect 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 disclosed a quarterly dividend, which will be paid on Tuesday, December 23rd. Investors of record on Tuesday, December 9th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Tuesday, December 9th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.4%. Fidelity National Information Services’s dividend payout ratio is currently 592.59%.

Insider Transactions at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein bought 889 shares of Fidelity National Information Services stock in a transaction on Wednesday, October 15th. The shares were bought at an average cost of $67.66 per share, with a total value of $60,149.74. Following the completion of the purchase, the director directly owned 13,588 shares of the company’s stock, valued at approximately $919,364.08. This trade represents a 7.00% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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.