Norges Bank Acquires Shares of 7,675,445 Fidelity National Information Services, Inc. $FIS

Norges Bank bought a new stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund bought 7,675,445 shares of the information technology services provider’s stock, valued at approximately $624,858,000. Norges Bank owned about 1.47% of Fidelity National Information Services as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the stock. Baupost Group LLC MA bought a new position in Fidelity National Information Services during the first quarter worth about $260,853,000. Nuveen LLC bought a new position in Fidelity National Information Services during the 1st quarter worth approximately $187,514,000. Invesco Ltd. increased its position in shares of Fidelity National Information Services by 22.9% in the 1st quarter. Invesco Ltd. now owns 9,304,011 shares of the information technology services provider’s stock valued at $694,824,000 after buying an additional 1,730,878 shares in the last quarter. Boston Partners increased its holdings in shares of Fidelity National Information Services by 10.5% in the second quarter. Boston Partners now owns 11,820,211 shares of the information technology services provider’s stock worth $958,537,000 after acquiring an additional 1,122,181 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC lifted its holdings in shares of Fidelity National Information Services by 17.4% during the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 6,666,499 shares of the information technology services provider’s stock valued at $497,854,000 after purchasing an additional 986,646 shares in the last quarter. 96.23% of the stock is owned by institutional investors and hedge funds.

Fidelity National Information Services Stock Performance

Shares of FIS opened at $65.77 on Friday. The firm has a 50-day moving average of $65.45 and a 200-day moving average of $72.47. Fidelity National Information Services, Inc. has a one year low of $59.51 and a one year high of $86.03. The company has a market cap of $34.06 billion, a PE ratio of 365.41 and a beta of 1.01. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.59 and a quick ratio of 0.59.

Fidelity National Information Services (NYSE:FIS) last issued its earnings results on Wednesday, November 5th. The information technology services provider reported $1.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.48 by $0.03. The company had revenue of $2.72 billion for the quarter, compared to analysts’ expectations of $2.65 billion. Fidelity National Information Services had a net margin of 1.09% and a return on equity of 18.73%. Fidelity National Information Services’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.40 EPS. Fidelity National Information Services has set its FY 2025 guidance at 5.740-5.780 EPS. As a group, 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 disclosed a quarterly dividend, which will be paid on Tuesday, December 23rd. Stockholders of record on Tuesday, December 9th will be given a $0.40 dividend. The ex-dividend date of this dividend is Tuesday, December 9th. This represents a $1.60 annualized dividend and a dividend yield of 2.4%. Fidelity National Information Services’s dividend payout ratio is presently 592.59%.

Insider Activity at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein acquired 889 shares of the business’s stock in a transaction on Wednesday, October 15th. The stock was purchased at an average cost of $67.66 per share, for a total transaction of $60,149.74. Following the completion of the transaction, the director directly owned 13,588 shares of the company’s stock, valued at approximately $919,364.08. The trade was a 7.00% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.21% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. UBS Group lifted their price target on shares of Fidelity National Information Services from $82.00 to $83.00 and gave the company a “buy” rating in a research note on Thursday, November 6th. Weiss Ratings reiterated a “sell (d)” rating on shares of Fidelity National Information Services in a report on Wednesday, October 8th. Stephens cut their price target on Fidelity National Information Services from $100.00 to $90.00 and set an “overweight” rating on the stock in a report on Thursday, October 16th. KeyCorp reissued a “hold” rating on shares of Fidelity National Information Services in a research report on Wednesday, October 22nd. Finally, Wells Fargo & Company initiated coverage on shares of Fidelity National Information Services in a report on Wednesday, October 22nd. They set an “overweight” rating and a $81.00 target price for the company. Twelve equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target 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.