Asset Management One Co. Ltd. Reduces Stock Position in Fidelity National Information Services, Inc. $FIS

Asset Management One Co. Ltd. decreased its position in Fidelity National Information Services, Inc. (NYSE:FIS) by 7.4% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 230,668 shares of the information technology services provider’s stock after selling 18,393 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Fidelity National Information Services were worth $15,210,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in FIS. Global Retirement Partners LLC boosted its holdings in shares of Fidelity National Information Services by 4.4% in the third quarter. Global Retirement Partners LLC now owns 13,805 shares of the information technology services provider’s stock worth $910,000 after buying an additional 585 shares during the last quarter. Olstein Capital Management L.P. lifted its stake in shares of Fidelity National Information Services by 28.4% during the 3rd quarter. Olstein Capital Management L.P. now owns 113,000 shares of the information technology services provider’s stock valued at $7,451,000 after buying an additional 25,000 shares in the last quarter. Generali Asset Management SPA SGR raised its stake in Fidelity National Information Services by 4.2% during the 3rd quarter. Generali Asset Management SPA SGR now owns 21,986 shares of the information technology services provider’s stock valued at $1,450,000 after purchasing an additional 889 shares during the period. Cantor Fitzgerald Investment Advisors L.P. lifted its holdings in Fidelity National Information Services by 0.6% in the 3rd quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 183,072 shares of the information technology services provider’s stock worth $12,072,000 after purchasing an additional 1,112 shares in the last quarter. Finally, Mather Group LLC. bought a new position in shares of Fidelity National Information Services during the 3rd quarter valued at about $112,000. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Insider Buying and Selling

In other news, Director Jeffrey A. Goldstein acquired 889 shares of the company’s stock in a transaction dated Wednesday, October 15th. The shares were acquired at an average price of $67.66 per share, with a total value of $60,149.74. Following the purchase, the director directly owned 13,588 shares of the company’s stock, valued at $919,364.08. This trade represents a 7.00% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.21% of the company’s stock.

Analyst Ratings Changes

FIS has been the topic of a number of research analyst reports. Weiss Ratings reiterated a “sell (d)” rating on shares of Fidelity National Information Services in a research report on Wednesday, October 8th. Truist Financial decreased their price objective on Fidelity National Information Services from $72.00 to $70.00 and set a “hold” rating on the stock in a report on Wednesday, November 19th. Jefferies Financial Group cut their target price on shares of Fidelity National Information Services from $75.00 to $70.00 and set a “hold” rating for the company in a report on Tuesday, October 14th. Susquehanna decreased their price target 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. Finally, Wells Fargo & Company initiated coverage on Fidelity National Information Services in a research report on Wednesday, October 22nd. They set an “overweight” rating and a $81.00 target price for the company. Eleven research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Fidelity National Information Services presently has an average rating of “Moderate Buy” and an average target price of $84.44.

Fidelity National Information Services Stock Performance

FIS opened at $67.06 on Wednesday. The company has a market cap of $34.72 billion, a P/E ratio of 248.35 and a beta of 0.93. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.64. Fidelity National Information Services, Inc. has a 52-week low of $59.51 and a 52-week high of $83.97. The firm’s 50-day moving average price is $65.45 and its 200-day moving average price is $69.87.

Fidelity National Information Services (NYSE:FIS) last released its earnings results on Wednesday, November 5th. The information technology services provider reported $1.51 earnings per share (EPS) for the quarter, beating 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 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 prior year, the firm earned $1.40 EPS. The firm’s revenue 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 anticipate 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 disclosed a quarterly dividend, which was paid on Tuesday, December 23rd. Shareholders of record on Tuesday, December 9th were paid a dividend of $0.40 per share. The ex-dividend date was 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 (DPR) is presently 592.59%.

About Fidelity National Information Services

Fidelity National Information Services (NYSE: FIS) is a global provider of financial technology solutions and services for banks, capital markets firms, merchants and corporations. The company develops and delivers software, processing, and outsourcing services that support core banking, payments and merchant acquiring, wealth and retirement platforms, risk and compliance, and trading and capital markets operations. Its offerings include cloud-based and on-premises core banking systems, card processing and gateway services, e-commerce and point-of-sale payment solutions, and a range of back-office and advisory services designed to automate and modernize financial operations.

FIS serves a broad international client base across North America, Europe, Latin America, and the Asia-Pacific region through a combination of direct clients and partner channels.