HB Wealth Management LLC Grows Position in Fidelity National Information Services, Inc. $FIS

HB Wealth Management LLC grew its position in Fidelity National Information Services, Inc. (NYSE:FIS) by 14.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 63,483 shares of the information technology services provider’s stock after purchasing an additional 8,250 shares during the period. HB Wealth Management LLC’s holdings in Fidelity National Information Services were worth $4,186,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cullen Investment Group LTD. boosted its position in Fidelity National Information Services by 10.4% during the 2nd quarter. Cullen Investment Group LTD. now owns 58,464 shares of the information technology services provider’s stock worth $4,760,000 after purchasing an additional 5,521 shares during the period. Hilltop National Bank acquired a new position in shares of Fidelity National Information Services during the second quarter worth about $1,616,000. Norges Bank purchased a new stake in shares of Fidelity National Information Services in the second quarter worth about $624,858,000. Brighton Jones LLC acquired a new stake in shares of Fidelity National Information Services in the fourth quarter valued at about $347,000. Finally, Truist Financial Corp raised its holdings in shares of Fidelity National Information Services by 6.6% during the 2nd quarter. Truist Financial Corp now owns 74,869 shares of the information technology services provider’s stock valued at $6,095,000 after buying an additional 4,619 shares during the period. Institutional investors and hedge funds own 96.23% of the company’s stock.

Fidelity National Information Services Stock Performance

Shares of Fidelity National Information Services stock opened at $66.84 on Friday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.53 and a current ratio of 0.53. Fidelity National Information Services, Inc. has a 1 year low of $59.51 and a 1 year high of $83.97. The firm’s 50-day simple moving average is $65.74 and its 200-day simple moving average is $69.74. The firm has a market cap of $34.61 billion, a PE ratio of 247.55 and a beta of 0.93.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings data on Wednesday, November 5th. The information technology services provider reported $1.51 earnings per share 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 during the quarter, compared to analyst estimates of $2.65 billion. During the same period in the previous year, the company earned $1.40 earnings per share. Fidelity National Information Services’s quarterly 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. Equities analysts forecast that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 23rd. Investors 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 annualized dividend and a yield of 2.4%. Fidelity National Information Services’s dividend payout ratio (DPR) is 592.59%.

Insider Buying and Selling

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein bought 889 shares of the stock in a transaction on Wednesday, October 15th. The stock was purchased at an average price of $67.66 per share, for a total transaction of $60,149.74. Following the completion of the purchase, the director directly owned 13,588 shares in the company, valued at approximately $919,364.08. This trade represents a 7.00% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.21% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

FIS has been the subject of several recent research reports. Royal Bank Of Canada lowered their price objective on shares of Fidelity National Information Services from $93.00 to $86.00 and set an “outperform” rating for the company in a research report on Thursday, November 6th. Wells Fargo & Company started coverage on shares of Fidelity National Information Services in a research note on Wednesday, October 22nd. They set an “overweight” rating and a $81.00 price target on the stock. Truist Financial decreased their price objective on shares of Fidelity National Information Services from $72.00 to $70.00 and set a “hold” rating for the company in a research report on Wednesday, November 19th. Weiss Ratings restated a “sell (d)” rating on shares of Fidelity National Information Services in a research note on Wednesday, October 8th. Finally, Jefferies Financial Group cut their price target on 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. Eleven analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $84.44.

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.