Balefire LLC Sells 15,165 Shares of Fidelity National Information Services, Inc. $FIS

Balefire LLC reduced its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 46.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,292 shares of the information technology services provider’s stock after selling 15,165 shares during the quarter. Balefire LLC’s holdings in Fidelity National Information Services were worth $1,140,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of FIS. Vanguard Group Inc. boosted its stake in Fidelity National Information Services by 0.6% during the second quarter. Vanguard Group Inc. now owns 63,019,323 shares of the information technology services provider’s stock worth $5,130,403,000 after acquiring an additional 376,499 shares in the last quarter. Dodge & Cox grew its stake in shares of Fidelity National Information Services by 1.3% in the second quarter. Dodge & Cox now owns 35,274,497 shares of the information technology services provider’s stock worth $2,871,697,000 after acquiring an additional 466,199 shares during the period. Geode Capital Management LLC raised its holdings in shares of Fidelity National Information Services by 0.4% during the second quarter. Geode Capital Management LLC now owns 13,288,097 shares of the information technology services provider’s stock valued at $1,077,157,000 after purchasing an additional 48,968 shares during the last quarter. Boston Partners raised its holdings in shares of 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 purchasing an additional 1,122,181 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in Fidelity National Information Services by 1.0% during 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 purchasing an additional 97,843 shares during the period. 96.23% of the stock is owned by institutional investors.

Fidelity National Information Services Stock Down 0.5%

Shares of FIS opened at $66.26 on Thursday. The business’s 50 day moving average is $65.60 and its 200 day moving average is $71.30. 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 12-month low of $59.51 and a 12-month high of $83.97. The company has a market capitalization of $34.31 billion, a PE ratio of 245.40 and a beta of 0.92.

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, topping the consensus estimate 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 business had revenue of $2.72 billion during the quarter, compared to the consensus estimate of $2.65 billion. During the same period in the prior year, the company posted $1.40 EPS. The firm’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. Research analysts expect that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current fiscal year.

Fidelity National Information Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 23rd. Shareholders 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 of this dividend is Tuesday, December 9th. Fidelity National Information Services’s dividend payout ratio (DPR) is presently 592.59%.

Insider Buying and Selling at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein bought 889 shares of the firm’s stock in a transaction dated 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 transaction, the director owned 13,588 shares of the company’s stock, valued at $919,364.08. This represents a 7.00% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.21% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms have commented on FIS. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Fidelity National Information Services in a research report on Wednesday, October 8th. KeyCorp reaffirmed a “hold” rating on shares of Fidelity National Information Services in a research report on Wednesday, October 22nd. Susquehanna lowered their price objective on shares of Fidelity National Information Services from $81.00 to $77.00 and set a “neutral” rating on the stock in a research note on Friday, September 12th. Stephens cut their target price on shares of Fidelity National Information Services from $100.00 to $90.00 and set an “overweight” rating for the company in a research report on Thursday, October 16th. Finally, Truist Financial reduced their target price on shares of 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. Twelve investment 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. According to data from MarketBeat, Fidelity National Information Services presently has a consensus rating of “Moderate Buy” and an average price target of $85.41.

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.