Fidelity National Information Services, Inc. $FIS Shares Purchased by Assetmark Inc.

Assetmark Inc. boosted its position in Fidelity National Information Services, Inc. (NYSE:FIS) by 140.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 183,000 shares of the information technology services provider’s stock after purchasing an additional 107,013 shares during the quarter. Assetmark Inc.’s holdings in Fidelity National Information Services were worth $14,898,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Sierra Ocean LLC grew its holdings in Fidelity National Information Services by 356.0% in the 1st quarter. Sierra Ocean LLC now owns 342 shares of the information technology services provider’s stock valued at $26,000 after buying an additional 267 shares during the period. YANKCOM Partnership grew its holdings in Fidelity National Information Services by 118.8% in the 1st quarter. YANKCOM Partnership now owns 350 shares of the information technology services provider’s stock valued at $26,000 after buying an additional 190 shares during the period. Meeder Asset Management Inc. grew its holdings in Fidelity National Information Services by 92.1% in the 1st quarter. Meeder Asset Management Inc. now owns 342 shares of the information technology services provider’s stock valued at $26,000 after buying an additional 164 shares during the period. Hazlett Burt & Watson Inc. grew its holdings in Fidelity National Information Services by 179.9% in the 1st quarter. Hazlett Burt & Watson Inc. now owns 389 shares of the information technology services provider’s stock valued at $29,000 after buying an additional 250 shares during the period. Finally, Cary Street Partners Investment Advisory LLC grew its holdings in Fidelity National Information Services by 100.5% in the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 445 shares of the information technology services provider’s stock valued at $33,000 after buying an additional 223 shares during the period. Institutional investors and hedge funds own 96.23% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. Weiss Ratings restated a “sell (d)” rating on shares of Fidelity National Information Services in a report on Wednesday, October 8th. Jefferies Financial Group lowered their price target on Fidelity National Information Services from $75.00 to $70.00 and set a “hold” rating for the company in a report on Tuesday, October 14th. KeyCorp restated a “hold” rating on shares of Fidelity National Information Services in a report on Wednesday, October 22nd. Keefe, Bruyette & Woods decreased their target price on 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. Finally, Susquehanna decreased their target price on Fidelity National Information Services from $81.00 to $77.00 and set a “neutral” rating for the company in a report on Friday, September 12th. Thirteen investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Fidelity National Information Services presently has a consensus rating of “Moderate Buy” and an average price target of $87.94.

Insiders Place Their Bets

In related news, Director Jeffrey A. Goldstein purchased 889 shares of the firm’s stock in a transaction on Wednesday, October 15th. The stock was purchased at an average price of $67.66 per share, for a total transaction of $60,149.74. Following the acquisition, the director directly owned 13,588 shares in the company, valued at $919,364.08. The trade was a 7.00% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.21% of the stock is currently owned by corporate insiders.

Fidelity National Information Services Stock Up 0.2%

Shares of NYSE:FIS opened at $62.49 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.59 and a current ratio of 0.59. Fidelity National Information Services, Inc. has a 1 year low of $59.51 and a 1 year high of $91.98. The stock has a market capitalization of $32.64 billion, a P/E ratio of 347.19 and a beta of 1.05. The stock has a 50-day simple moving average of $66.94 and a 200-day simple moving average of $74.23.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings results on Tuesday, August 5th. The information technology services provider reported $1.36 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.36. The firm had revenue of $2.62 billion during the quarter, compared to analysts’ expectations of $2.57 billion. Fidelity National Information Services had a return on equity of 18.73% and a net margin of 1.09%.Fidelity National Information Services’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.36 EPS. Fidelity National Information Services has set its Q3 2025 guidance at 1.460-1.500 EPS. FY 2025 guidance at 5.720-5.800 EPS. Equities analysts forecast 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 will be paid on Tuesday, December 23rd. Shareholders of record on Tuesday, December 9th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date is Tuesday, December 9th. Fidelity National Information Services’s dividend payout ratio is currently 888.89%.

Fidelity National Information Services Profile

Fidelity National Information Services, Inc engages in the provision of financial services technology solutions for financial institutions, businesses, and developers worldwide. It operates through Banking Solutions, Capital Market Solutions, and Corporate and Other segments. The company provides core processing and ancillary applications; mobile and online banking; fraud, risk management, and compliance; card and retail payment; electronic funds transfer and network; wealth and retirement; and item processing and output solutions.