Independent Advisor Alliance Acquires 25,593 Shares of Fidelity National Information Services, Inc. $FIS

Independent Advisor Alliance increased its stake in Fidelity National Information Services, Inc. (NYSE:FIS) by 177.8% during the third quarter, according to its most recent filing with the SEC. The fund owned 39,987 shares of the information technology services provider’s stock after buying an additional 25,593 shares during the quarter. Independent Advisor Alliance’s holdings in Fidelity National Information Services were worth $2,637,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Pinnacle Bancorp Inc. increased its holdings in Fidelity National Information Services by 21.9% in the 3rd quarter. Pinnacle Bancorp Inc. now owns 835 shares of the information technology services provider’s stock worth $55,000 after acquiring an additional 150 shares during the last quarter. Wealthspire Advisors LLC raised its stake in shares of Fidelity National Information Services by 3.1% during the 2nd quarter. Wealthspire Advisors LLC now owns 5,426 shares of the information technology services provider’s stock valued at $442,000 after purchasing an additional 162 shares during the period. FJ Capital Management LLC lifted its holdings in Fidelity National Information Services by 4.7% during the 2nd quarter. FJ Capital Management LLC now owns 3,600 shares of the information technology services provider’s stock worth $293,000 after purchasing an additional 163 shares in the last quarter. Gratus Wealth Advisors LLC boosted its stake in Fidelity National Information Services by 1.4% in the 3rd quarter. Gratus Wealth Advisors LLC now owns 12,389 shares of the information technology services provider’s stock worth $817,000 after purchasing an additional 170 shares during the period. Finally, TD Waterhouse Canada Inc. grew its holdings in Fidelity National Information Services by 0.7% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 24,042 shares of the information technology services provider’s stock valued at $1,981,000 after buying an additional 175 shares in the last quarter. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Fidelity National Information Services Price Performance

Shares of Fidelity National Information Services stock opened at $56.12 on Tuesday. The firm has a market capitalization of $29.06 billion, a PE ratio of 207.83, a price-to-earnings-growth ratio of 0.82 and a beta of 0.91. 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, Inc. has a 12 month low of $54.40 and a 12 month high of $83.97. The business’s 50-day moving average price is $64.52 and its 200-day moving average price is $67.31.

Fidelity National Information Services (NYSE:FIS) last issued its earnings results on Wednesday, November 5th. The information technology services provider reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.48 by $0.03. The business had revenue of $2.72 billion during 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%.Fidelity National Information Services’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.40 earnings per share. Fidelity National Information Services has set its FY 2025 guidance at 5.740-5.780 EPS. Sell-side analysts forecast that Fidelity National Information Services, Inc. will post 5.74 EPS for the current fiscal year.

Fidelity National Information Services Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 24th. Investors of record on Tuesday, March 10th will be given a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date is Tuesday, March 10th. This is a boost from Fidelity National Information Services’s previous quarterly dividend of $0.40. Fidelity National Information Services’s dividend payout ratio is 592.59%.

Insiders Place Their Bets

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein purchased 941 shares of the business’s stock in a transaction on Thursday, January 15th. The stock was acquired at an average cost of $64.11 per share, for a total transaction of $60,327.51. Following the completion of the transaction, the director directly owned 14,529 shares in the company, valued at approximately $931,454.19. This represents a 6.93% increase in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.21% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on FIS shares. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $70.00 price objective on shares of Fidelity National Information Services in a research report on Thursday, January 15th. Weiss Ratings reiterated a “sell (d)” rating on shares of Fidelity National Information Services in a research note on Thursday, January 22nd. Royal Bank Of Canada cut their price target on shares of Fidelity National Information Services from $93.00 to $86.00 and set an “outperform” rating for the company in a report on Thursday, November 6th. UBS Group increased their price objective on Fidelity National Information Services from $82.00 to $83.00 and gave the stock a “buy” rating in a research report on Thursday, November 6th. Finally, Citigroup raised Fidelity National Information Services to a “hold” rating in a research note on Thursday, October 23rd. Twelve analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $79.53.

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.