Handelsbanken Fonder AB Lowers Position in Fidelity National Information Services, Inc. $FIS

Handelsbanken Fonder AB decreased its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 1.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 170,941 shares of the information technology services provider’s stock after selling 1,866 shares during the period. Handelsbanken Fonder AB’s holdings in Fidelity National Information Services were worth $13,916,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of FIS. Meeder Asset Management Inc. boosted its holdings in Fidelity National Information Services by 92.1% during the 1st quarter. Meeder Asset Management Inc. now owns 342 shares of the information technology services provider’s stock worth $26,000 after acquiring an additional 164 shares during the last quarter. NewSquare Capital LLC lifted its position in shares of Fidelity National Information Services by 115.1% during the second quarter. NewSquare Capital LLC now owns 357 shares of the information technology services provider’s stock valued at $29,000 after purchasing an additional 191 shares in the last quarter. Cary Street Partners Investment Advisory LLC boosted its holdings in Fidelity National Information Services by 100.5% during the first quarter. Cary Street Partners Investment Advisory LLC now owns 445 shares of the information technology services provider’s stock worth $33,000 after purchasing an additional 223 shares during the last quarter. Valued Wealth Advisors LLC bought a new stake in Fidelity National Information Services in the 2nd quarter worth about $42,000. Finally, GFG Capital LLC purchased a new stake in Fidelity National Information Services in the 2nd quarter valued at about $43,000. 96.23% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein acquired 889 shares of Fidelity National Information Services stock in a transaction that occurred on Wednesday, October 15th. The stock was acquired at an average cost of $67.66 per share, for a total transaction of $60,149.74. Following the purchase, the director owned 13,588 shares of the company’s stock, valued at approximately $919,364.08. This represents a 7.00% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.21% of the company’s stock.

Fidelity National Information Services Stock Up 2.7%

Shares of NYSE FIS opened at $64.04 on Friday. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.59 and a quick ratio of 0.59. The stock has a market capitalization of $33.17 billion, a PE ratio of 355.82 and a beta of 1.01. Fidelity National Information Services, Inc. has a one year low of $59.51 and a one year high of $86.37. The business’s fifty day moving average price is $65.55 and its 200-day moving average price is $72.90.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings data on Wednesday, November 5th. The information technology services provider reported $1.51 earnings per share for the quarter, topping the consensus estimate of $1.48 by $0.03. The company 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 18.73% and a net margin of 1.09%.The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.40 EPS. Fidelity National Information Services has set its FY 2025 guidance at 5.740-5.780 EPS. On average, equities research analysts anticipate that Fidelity National Information Services, Inc. will post 5.74 EPS for the current year.

Fidelity National Information Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 23rd. Investors of record on Tuesday, December 9th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Tuesday, December 9th. This represents a $1.60 annualized dividend and a yield of 2.5%. Fidelity National Information Services’s dividend payout ratio (DPR) is 592.59%.

Analyst Ratings Changes

Several research firms have recently issued reports on FIS. Royal Bank Of Canada reduced their target price on 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. Truist Financial reduced their price objective on Fidelity National Information Services from $72.00 to $70.00 and set a “hold” rating for the company in a research note on Wednesday. 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 research report on Wednesday, October 1st. Citigroup raised shares of Fidelity National Information Services to a “hold” rating in a report on Thursday, October 23rd. Finally, Stephens decreased their price objective on shares of Fidelity National Information Services from $100.00 to $90.00 and set an “overweight” rating for the company in a report on Thursday, October 16th. Twelve investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $85.41.

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.