Fidelity National Information Services, Inc. $FIS Shares Sold by QRG Capital Management Inc.

QRG Capital Management Inc. lessened its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 38.7% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 29,989 shares of the information technology services provider’s stock after selling 18,905 shares during the period. QRG Capital Management Inc.’s holdings in Fidelity National Information Services were worth $1,977,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. NewSquare Capital LLC boosted its holdings in Fidelity National Information Services by 115.1% in the second quarter. NewSquare Capital LLC now owns 357 shares of the information technology services provider’s stock valued at $29,000 after purchasing an additional 191 shares during the period. Valued Wealth Advisors LLC purchased a new position in shares of Fidelity National Information Services in the 2nd quarter valued at about $42,000. GFG Capital LLC acquired a new position in shares of Fidelity National Information Services during the second quarter worth about $43,000. Steigerwald Gordon & Koch Inc. purchased a new stake in shares of Fidelity National Information Services during the third quarter worth approximately $37,000. Finally, FNY Investment Advisers LLC acquired a new stake in Fidelity National Information Services in the second quarter valued at approximately $54,000. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Wall Street Analysts Forecast Growth

FIS has been the subject of several analyst reports. Citigroup upgraded shares of Fidelity National Information Services to a “hold” rating in a report on Thursday, October 23rd. JPMorgan Chase & Co. dropped their target price on Fidelity National Information Services from $85.00 to $80.00 and set an “overweight” rating on the stock in a report on Thursday, November 6th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $70.00 price target on shares of Fidelity National Information Services in a report on Thursday, January 15th. Stephens dropped their price objective on Fidelity National Information Services from $90.00 to $85.00 and set an “overweight” rating on the stock in a report on Friday. Finally, Truist Financial cut their target price on Fidelity National Information Services from $72.00 to $70.00 and set a “hold” rating on the stock in a research report on Wednesday, November 19th. Eleven research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $81.41.

Fidelity National Information Services Stock Performance

Shares of FIS stock opened at $63.38 on Tuesday. The stock’s 50-day moving average is $65.74 and its two-hundred day moving average is $68.84. 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 has a market cap of $32.82 billion, a price-to-earnings ratio of 234.74, a PEG ratio of 0.94 and a beta of 0.93.

Fidelity National Information Services (NYSE:FIS) last posted its earnings results 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. The business had revenue of $2.72 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the previous year, the business earned $1.40 EPS. Fidelity National Information Services has set its FY 2025 guidance at 5.740-5.780 EPS. Analysts predict that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current year.

Fidelity National Information Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 23rd. Stockholders of record on Tuesday, December 9th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend was Tuesday, December 9th. Fidelity National Information Services’s dividend payout ratio 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.