Fidelity National Information Services, Inc. $FIS Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. decreased its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 18.7% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 75,869 shares of the information technology services provider’s stock after selling 17,447 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Fidelity National Information Services were worth $5,003,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Brighton Jones LLC acquired a new position in shares of Fidelity National Information Services during the 4th quarter valued at about $347,000. Intech Investment Management LLC grew its holdings in Fidelity National Information Services by 15.0% in the first quarter. Intech Investment Management LLC now owns 46,588 shares of the information technology services provider’s stock valued at $3,479,000 after purchasing an additional 6,070 shares during the period. Geneos Wealth Management Inc. increased its position in Fidelity National Information Services by 70.1% during the first quarter. Geneos Wealth Management Inc. now owns 1,046 shares of the information technology services provider’s stock worth $78,000 after purchasing an additional 431 shares during the last quarter. Howe & Rusling Inc. raised its stake in Fidelity National Information Services by 9.3% during the first quarter. Howe & Rusling Inc. now owns 3,461 shares of the information technology services provider’s stock worth $258,000 after purchasing an additional 295 shares during the period. Finally, AG2R LA Mondiale Gestion D Actifs purchased a new stake in shares of Fidelity National Information Services during the 1st quarter valued at $1,743,000. 96.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein bought 889 shares of the company’s stock in a transaction dated Wednesday, October 15th. The shares were acquired at an average cost of $67.66 per share, with a total value of $60,149.74. Following the completion of the transaction, the director owned 13,588 shares in the company, valued at $919,364.08. The trade was 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 the SEC website. Insiders own 0.21% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on FIS shares. Keefe, Bruyette & Woods cut their target price on Fidelity National Information Services from $88.00 to $85.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 1st. Citigroup upgraded Fidelity National Information Services to a “hold” rating in a report on Thursday, October 23rd. Truist Financial decreased their target price on 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. KeyCorp restated a “hold” rating on shares of Fidelity National Information Services in a report on Wednesday, October 22nd. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Fidelity National Information Services in a research note on Wednesday, October 8th. Eleven investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Fidelity National Information Services currently has a consensus rating of “Moderate Buy” and a consensus target price of $84.44.

Fidelity National Information Services Stock Down 1.0%

NYSE FIS opened at $66.84 on Friday. 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 fifty-two week low of $59.51 and a fifty-two week high of $83.97. The business has a 50 day moving average price of $65.74 and a two-hundred day moving average price of $69.65. The stock 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 posted its quarterly earnings data on Wednesday, November 5th. The information technology services provider reported $1.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.48 by $0.03. The company had revenue of $2.72 billion for the quarter, compared to analyst estimates of $2.65 billion. Fidelity National Information Services had a net margin of 1.45% and a return on equity of 19.76%. The business’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.40 earnings per share. Fidelity National Information Services has set its FY 2025 guidance at 5.740-5.780 EPS. As a group, sell-side analysts predict that Fidelity National Information Services, Inc. will post 5.74 EPS for the current fiscal year.

Fidelity National Information Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 23rd. Stockholders 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 dividend yield of 2.4%. Fidelity National Information Services’s dividend payout ratio (DPR) 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.