Allstate Corp Acquires Shares of 19,430 Fidelity National Information Services, Inc. $FIS

Allstate Corp acquired a new stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 19,430 shares of the information technology services provider’s stock, valued at approximately $1,281,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. CX Institutional boosted its stake in Fidelity National Information Services by 2.3% during the 2nd quarter. CX Institutional now owns 6,317 shares of the information technology services provider’s stock valued at $514,000 after purchasing an additional 140 shares during the last quarter. Pinnacle Bancorp Inc. lifted its holdings in shares of Fidelity National Information Services by 21.9% in the third quarter. Pinnacle Bancorp Inc. now owns 835 shares of the information technology services provider’s stock valued at $55,000 after purchasing an additional 150 shares in the last quarter. Wealthspire Advisors LLC boosted its position in shares of Fidelity National Information Services by 3.1% during the second quarter. Wealthspire Advisors LLC now owns 5,426 shares of the information technology services provider’s stock valued at $442,000 after buying an additional 162 shares during the last quarter. FJ Capital Management LLC boosted its position in shares of Fidelity National Information Services by 4.7% during the second quarter. FJ Capital Management LLC now owns 3,600 shares of the information technology services provider’s stock valued at $293,000 after buying an additional 163 shares during the last quarter. Finally, Gratus Wealth Advisors LLC grew its holdings in Fidelity National Information Services by 1.4% during the third quarter. Gratus Wealth Advisors LLC now owns 12,389 shares of the information technology services provider’s stock worth $817,000 after buying an additional 170 shares in the last quarter. Institutional investors and hedge funds own 96.23% of the company’s stock.

Insider Activity

In related news, Director Jeffrey A. Goldstein acquired 941 shares of the company’s stock in a transaction that occurred on 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 acquisition, the director owned 14,529 shares of the company’s stock, valued at approximately $931,454.19. This trade represents a 6.93% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.21% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on FIS. JPMorgan Chase & Co. dropped their price objective on Fidelity National Information Services from $85.00 to $80.00 and set an “overweight” rating on the stock in a research note on Thursday, November 6th. Keefe, Bruyette & Woods lowered their target price on shares of Fidelity National Information Services from $88.00 to $85.00 and set an “outperform” rating for the company in a report on Wednesday, October 1st. 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 on the stock in a report on Thursday, November 6th. Wells Fargo & Company initiated coverage on shares of Fidelity National Information Services in a research report on Wednesday, October 22nd. They issued an “overweight” rating and a $81.00 price objective for the company. Finally, Jefferies Financial Group decreased their price objective on shares of Fidelity National Information Services from $75.00 to $70.00 and set a “hold” rating for the company in a research note on Tuesday, October 14th. Eleven equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Fidelity National Information Services presently has a consensus rating of “Moderate Buy” and a consensus price target of $81.41.

Fidelity National Information Services Price Performance

NYSE FIS opened at $60.02 on Wednesday. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.64. The company has a market cap of $31.08 billion, a PE ratio of 222.31, a price-to-earnings-growth ratio of 0.94 and a beta of 0.93. Fidelity National Information Services, Inc. has a 52 week low of $59.51 and a 52 week high of $83.97. The firm’s 50-day simple moving average is $65.61 and its two-hundred day simple moving average is $68.69.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings results on Wednesday, November 5th. The information technology services provider reported $1.51 EPS for the quarter, beating analysts’ consensus estimates of $1.48 by $0.03. Fidelity National Information Services had a net margin of 1.45% and a return on equity of 19.76%. The company had revenue of $2.72 billion for the quarter, compared to analysts’ expectations of $2.65 billion. During the same period in the prior year, the company posted $1.40 EPS. Fidelity National Information Services’s revenue was up 5.7% compared to the same quarter last year. Fidelity National Information Services has set its FY 2025 guidance at 5.740-5.780 EPS. Research analysts predict that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current year.

Fidelity National Information Services Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 23rd. Stockholders of record on Tuesday, December 9th were given a $0.40 dividend. The ex-dividend date was Tuesday, December 9th. This represents a $1.60 annualized dividend and a dividend yield of 2.7%. Fidelity National Information Services’s payout ratio is 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.