Fidelity National Information Services, Inc. $FIS Shares Sold by Cwm LLC

Cwm LLC decreased its position in Fidelity National Information Services, Inc. (NYSE:FIS) by 55.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,679 shares of the information technology services provider’s stock after selling 19,558 shares during the quarter. Cwm LLC’s holdings in Fidelity National Information Services were worth $1,034,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of FIS. Norges Bank acquired a new stake in Fidelity National Information Services in the 2nd quarter valued at about $624,858,000. Boston Partners lifted its stake 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 purchasing an additional 1,122,181 shares during the last quarter. AQR Capital Management LLC boosted its holdings in Fidelity National Information Services by 71.7% during the second quarter. AQR Capital Management LLC now owns 2,483,575 shares of the information technology services provider’s stock worth $201,294,000 after buying an additional 1,037,100 shares in the last quarter. Mizuho Markets Americas LLC grew its position in Fidelity National Information Services by 30.6% in the second quarter. Mizuho Markets Americas LLC now owns 3,090,969 shares of the information technology services provider’s stock worth $251,636,000 after buying an additional 724,266 shares during the last quarter. Finally, Strs Ohio bought a new position in shares of Fidelity National Information Services in the first quarter valued at $49,289,000. 96.23% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on FIS. Stephens reduced their price objective 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. KeyCorp reiterated a “hold” rating on shares of Fidelity National Information Services in a research report on Wednesday, October 22nd. UBS Group lifted their price target on Fidelity National Information Services from $82.00 to $83.00 and gave the stock a “buy” rating in a research note on Thursday, November 6th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Fidelity National Information Services in a research note on Wednesday, October 8th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Fidelity National Information Services from $85.00 to $80.00 and set an “overweight” rating for the company in a report on Thursday, November 6th. 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $84.44.

Insider Transactions at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein bought 889 shares of the business’s stock in a transaction on Wednesday, October 15th. The stock was bought at an average price of $67.66 per share, for a total transaction of $60,149.74. Following the transaction, the director directly owned 13,588 shares in the company, valued at $919,364.08. This represents a 7.00% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.21% of the stock is currently owned by insiders.

Fidelity National Information Services Stock Up 1.0%

NYSE:FIS opened at $67.06 on Wednesday. The business’s fifty day moving average price is $65.45 and its 200 day moving average price is $69.87. The firm has a market capitalization of $34.72 billion, a price-to-earnings ratio of 248.35 and a beta of 0.93. 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 1-year low of $59.51 and a 1-year high of $83.97.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings data on Wednesday, November 5th. The information technology services provider reported $1.51 EPS for the quarter, topping analysts’ consensus estimates of $1.48 by $0.03. The firm had revenue of $2.72 billion during the quarter, compared to analyst estimates 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 quarterly revenue was up 5.7% compared to the same quarter last year. During the same period last year, the company posted $1.40 EPS. Fidelity National Information Services has set its FY 2025 guidance at 5.740-5.780 EPS. On average, sell-side analysts forecast 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 business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 23rd. Shareholders of record on Tuesday, December 9th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.4%. The ex-dividend date was Tuesday, December 9th. Fidelity National Information Services’s dividend payout ratio is currently 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.