Alpha Cubed Investments LLC Sells 15,673 Shares of Fidelity National Information Services, Inc. $FIS

Alpha Cubed Investments LLC reduced its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 57.7% in the third quarter, according to its most recent filing with the SEC. The fund owned 11,494 shares of the information technology services provider’s stock after selling 15,673 shares during the quarter. Alpha Cubed Investments LLC’s holdings in Fidelity National Information Services were worth $758,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Norges Bank purchased a new position in shares of Fidelity National Information Services in the 2nd quarter worth $624,858,000. Mizuho Markets Americas LLC lifted its holdings in shares of Fidelity National Information Services by 49.1% in the 3rd quarter. Mizuho Markets Americas LLC now owns 4,609,169 shares of the information technology services provider’s stock valued at $303,929,000 after acquiring an additional 1,518,200 shares during the last quarter. Boston Partners grew its position in Fidelity National Information Services by 10.5% in the second quarter. Boston Partners now owns 11,820,211 shares of the information technology services provider’s stock worth $958,537,000 after acquiring an additional 1,122,181 shares in the last quarter. AQR Capital Management LLC grew its position in Fidelity National Information Services by 71.7% in 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 acquiring an additional 1,037,100 shares in the last quarter. Finally, River Road Asset Management LLC bought a new stake in Fidelity National Information Services during the second quarter worth approximately $39,106,000. Institutional investors own 96.23% of the company’s stock.

Analyst Upgrades and Downgrades

FIS has been the subject of a number of recent research reports. Compass Point dropped their target price on Fidelity National Information Services from $90.00 to $81.00 and set a “buy” rating for the company in a report on Tuesday, January 13th. Cantor Fitzgerald started coverage on shares of Fidelity National Information Services in a research report on Tuesday. They set an “overweight” rating and a $72.00 price objective on the stock. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $70.00 target price on shares of Fidelity National Information Services in a report on Thursday, January 15th. Truist Financial cut their price target on shares of 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. Finally, UBS Group raised their price objective on shares of 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. Twelve analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Fidelity National Information Services has an average rating of “Hold” and a consensus target price of $79.53.

Insider Activity at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein acquired 941 shares of the firm’s stock in a transaction that occurred on Thursday, January 15th. The stock was purchased at an average cost of $64.11 per share, for a total transaction of $60,327.51. Following the purchase, the director directly owned 14,529 shares of the company’s stock, valued at $931,454.19. This trade represents a 6.93% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 0.21% of the company’s stock.

Fidelity National Information Services Price Performance

Shares of FIS opened at $55.18 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. The company has a 50 day moving average price of $64.86 and a 200-day moving average price of $67.81. Fidelity National Information Services, Inc. has a fifty-two week low of $54.65 and a fifty-two week high of $83.97. The stock has a market capitalization of $28.57 billion, a PE ratio of 204.36, a PEG ratio of 0.84 and a beta of 0.93.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings data 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. 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%. Fidelity National Information Services’s revenue was up 5.7% compared to the same quarter last year. During the same period last year, the company posted $1.40 earnings per share. Fidelity National Information Services has set its FY 2025 guidance at 5.740-5.780 EPS. Equities analysts predict that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current fiscal year.

Fidelity National Information Services Profile

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.