Fidelity National Information Services, Inc. $FIS Shares Sold by SPC Financial Inc.

SPC Financial Inc. cut its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 33.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,037 shares of the information technology services provider’s stock after selling 1,527 shares during the period. SPC Financial Inc.’s holdings in Fidelity National Information Services were worth $247,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Dodge & Cox boosted its position in shares of Fidelity National Information Services by 1.4% during the first quarter. Dodge & Cox now owns 34,808,298 shares of the information technology services provider’s stock worth $2,599,484,000 after buying an additional 480,771 shares during the period. Goldman Sachs Group Inc. lifted its position in Fidelity National Information Services by 4.1% in the first quarter. Goldman Sachs Group Inc. now owns 10,712,794 shares of the information technology services provider’s stock worth $800,032,000 after purchasing an additional 419,199 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Fidelity National Information Services by 0.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 10,126,213 shares of the information technology services provider’s stock worth $755,928,000 after purchasing an additional 31,626 shares during the period. Invesco Ltd. lifted its position in Fidelity National Information Services by 22.9% in the first quarter. Invesco Ltd. now owns 9,304,011 shares of the information technology services provider’s stock worth $694,824,000 after purchasing an additional 1,730,878 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC lifted its position in Fidelity National Information Services by 17.4% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 6,666,499 shares of the information technology services provider’s stock worth $497,854,000 after purchasing an additional 986,646 shares during the period. 96.23% of the stock is currently owned by institutional investors and hedge funds.

Fidelity National Information Services Price Performance

FIS opened at $66.86 on Monday. The company has a fifty day moving average price of $68.48 and a two-hundred day moving average price of $74.85. 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 52 week low of $63.00 and a 52 week high of $91.98. The firm has a market capitalization of $34.93 billion, a PE ratio of 371.47 and a beta of 1.05.

Fidelity National Information Services (NYSE:FIS) last released its earnings results on Tuesday, August 5th. The information technology services provider reported $1.36 EPS for the quarter, hitting analysts’ consensus estimates of $1.36. Fidelity National Information Services had a net margin of 1.09% and a return on equity of 18.73%. The firm had revenue of $2.62 billion during the quarter, compared to analyst estimates of $2.57 billion. During the same quarter in the previous year, the business earned $1.36 EPS. The business’s quarterly revenue was up 5.1% compared to the same quarter last year. 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. As a group, analysts anticipate that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current year.

Fidelity National Information Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 24th. Shareholders of record on Wednesday, September 10th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend was Wednesday, September 10th. Fidelity National Information Services’s payout ratio is currently 888.89%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on FIS. Robert W. Baird upped their target price on Fidelity National Information Services from $82.00 to $86.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 16th. Truist Financial increased their price objective on Fidelity National Information Services from $84.00 to $85.00 and gave the company a “hold” rating in a research report on Thursday, July 17th. Keefe, Bruyette & Woods cut their price objective on Fidelity National Information Services from $88.00 to $85.00 and set an “outperform” rating for the company in a research report on Wednesday, October 1st. Weiss Ratings reiterated a “sell (d)” rating on shares of Fidelity National Information Services in a research report on Wednesday, October 8th. Finally, UBS Group upgraded Fidelity National Information Services from a “neutral” rating to a “buy” rating and set a $82.00 price objective for the company in a research report on Tuesday, September 30th. Thirteen analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $91.00.

Fidelity National Information Services Company 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.