Bank of New York Mellon Corp Has $209.07 Million Stock Position in Fidelity National Information Services, Inc. $FIS

Bank of New York Mellon Corp trimmed its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 3.4% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,170,638 shares of the information technology services provider’s stock after selling 112,593 shares during the period. Bank of New York Mellon Corp owned 0.61% of Fidelity National Information Services worth $209,072,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. NewSquare Capital LLC lifted its position in shares of Fidelity National Information Services by 115.1% during the 2nd quarter. NewSquare Capital LLC now owns 357 shares of the information technology services provider’s stock worth $29,000 after purchasing an additional 191 shares during the last quarter. Root Financial Partners LLC bought a new stake in shares of Fidelity National Information Services in the third quarter valued at approximately $29,000. Steigerwald Gordon & Koch Inc. acquired a new stake in shares of Fidelity National Information Services in the third quarter worth $37,000. Valued Wealth Advisors LLC bought a new position in Fidelity National Information Services during the second quarter worth $42,000. Finally, GFG Capital LLC acquired a new position in Fidelity National Information Services during the 2nd quarter valued at $43,000. Institutional investors and hedge funds own 96.23% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on FIS shares. Truist Financial reduced their price objective on 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. Royal Bank Of Canada reduced their target price on 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. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $70.00 price target on shares of Fidelity National Information Services in a report on Thursday, January 15th. Citigroup raised shares of Fidelity National Information Services to a “hold” rating in a report on Thursday, October 23rd. 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 on the stock in a research report on Thursday, November 6th. Twelve equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Fidelity National Information Services presently has an average rating of “Hold” and a consensus target price of $79.53.

Insider Activity

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein acquired 941 shares of the business’s stock in a transaction dated Thursday, January 15th. The shares were acquired at an average price of $64.11 per share, with a total value of $60,327.51. Following the completion of the transaction, the director directly owned 14,529 shares in the company, valued at $931,454.19. This trade represents a 6.93% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.21% of the company’s stock.

Fidelity National Information Services Trading Up 0.0%

Shares of NYSE FIS opened at $55.22 on Friday. Fidelity National Information Services, Inc. has a 1-year low of $54.40 and a 1-year high of $83.97. The company has a 50-day moving average of $64.68 and a two-hundred day moving average of $67.65. The company has a market cap of $28.60 billion, a PE ratio of 204.52, a P/E/G ratio of 0.82 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 (NYSE:FIS) last issued its quarterly earnings results 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 business had revenue of $2.72 billion for 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 firm’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter in the prior 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, equities analysts expect that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current fiscal year.

Fidelity National Information Services Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 24th. Stockholders of record on Tuesday, March 10th will be given a dividend of $0.44 per share. This is an increase from Fidelity National Information Services’s previous quarterly dividend of $0.40. This represents a $1.76 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend is Tuesday, March 10th. Fidelity National Information Services’s payout ratio is currently 592.59%.

Fidelity National Information Services Company 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.