Y Intercept Hong Kong Ltd Invests $1.82 Million in Fidelity National Information Services, Inc. $FIS

Y Intercept Hong Kong Ltd acquired a new stake in Fidelity National Information Services, Inc. (NYSE:FIS) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor acquired 27,606 shares of the information technology services provider’s stock, valued at approximately $1,820,000.

Several other institutional investors have also recently added to or reduced their stakes in FIS. NewSquare Capital LLC boosted its holdings in shares of Fidelity National Information Services by 115.1% in the 2nd quarter. NewSquare Capital LLC now owns 357 shares of the information technology services provider’s stock worth $29,000 after acquiring an additional 191 shares in the last quarter. Root Financial Partners LLC bought a new position in Fidelity National Information Services in the 3rd quarter valued at $29,000. Steigerwald Gordon & Koch Inc. bought a new position in shares of Fidelity National Information Services in the third quarter valued at about $37,000. Valued Wealth Advisors LLC bought a new stake in Fidelity National Information Services during the 2nd quarter worth about $42,000. Finally, GFG Capital LLC acquired a new stake in shares of Fidelity National Information Services in the second quarter valued at approximately $43,000. 96.23% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on FIS shares. Stephens cut their price target on Fidelity National Information Services from $90.00 to $85.00 and set an “overweight” rating on the stock in a research note on Friday, January 16th. Compass Point reduced their target price on shares of Fidelity National Information Services from $90.00 to $81.00 and set a “buy” rating on the stock in a research note on Tuesday, January 13th. JPMorgan Chase & Co. dropped their price target on shares of Fidelity National Information Services from $85.00 to $80.00 and set an “overweight” rating for the company in a research note on Thursday, November 6th. Citigroup raised shares of Fidelity National Information Services to a “hold” rating in a research note on Thursday, October 23rd. Finally, KeyCorp reissued a “hold” rating on shares of Fidelity National Information Services in a research note on Wednesday, October 22nd. Twelve equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Fidelity National Information Services presently has a consensus rating of “Hold” and an average target price of $79.53.

Fidelity National Information Services Trading Down 1.8%

Shares of NYSE FIS opened at $55.18 on Friday. Fidelity National Information Services, Inc. has a twelve month low of $54.65 and a twelve month high of $83.97. The stock has a market cap of $28.57 billion, a price-to-earnings ratio of 204.36, a P/E/G ratio of 0.84 and a beta of 0.93. 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’s fifty day moving average is $64.86 and its 200-day moving average is $67.81.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings data on Wednesday, November 5th. The information technology services provider reported $1.51 EPS for the quarter, topping the consensus estimate of $1.48 by $0.03. Fidelity National Information Services had a return on equity of 19.76% and a net margin of 1.45%.The business had revenue of $2.72 billion for the quarter, compared to the consensus estimate of $2.65 billion. During the same quarter last year, the business posted $1.40 EPS. The firm’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. Equities research analysts predict that Fidelity National Information Services, Inc. will post 5.74 EPS for the current year.

Fidelity National Information Services Increases Dividend

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

Insider Buying and Selling at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein acquired 941 shares of the stock in a transaction dated Thursday, January 15th. The stock was bought 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 of the company’s stock, valued at approximately $931,454.19. The trade was a 6.93% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.21% of the stock is owned by company insiders.

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.