Parnassus Investments LLC Sells 46,325 Shares of Fidelity National Information Services, Inc. $FIS

Parnassus Investments LLC lowered its position in Fidelity National Information Services, Inc. (NYSE:FIS) by 3.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,188,449 shares of the information technology services provider’s stock after selling 46,325 shares during the period. Parnassus Investments LLC owned approximately 0.23% of Fidelity National Information Services worth $78,366,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. NewSquare Capital LLC increased 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 worth $29,000 after purchasing an additional 191 shares in the last quarter. Valued Wealth Advisors LLC acquired a new position in Fidelity National Information Services during the 2nd quarter valued at about $42,000. GFG Capital LLC purchased a new stake in Fidelity National Information Services in the second quarter valued at about $43,000. Steigerwald Gordon & Koch Inc. acquired a new stake in Fidelity National Information Services in the third quarter worth about $37,000. Finally, FNY Investment Advisers LLC purchased a new stake in shares of Fidelity National Information Services during the second quarter worth about $54,000. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Fidelity National Information Services Stock Down 1.0%

Shares of FIS stock opened at $66.84 on Friday. Fidelity National Information Services, Inc. has a twelve month low of $59.51 and a twelve month high of $83.97. The stock has a market cap of $34.61 billion, a P/E ratio of 247.55 and a beta of 0.93. The stock has a 50 day moving average of $65.74 and a 200 day moving average of $69.74. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.64.

Fidelity National Information Services (NYSE:FIS) last posted its earnings results on Wednesday, November 5th. The information technology services provider reported $1.51 earnings per share for the quarter, beating the consensus estimate of $1.48 by $0.03. Fidelity National Information Services had a net margin of 1.45% and a return on equity of 19.76%. The firm had revenue of $2.72 billion during the quarter, compared to analyst estimates of $2.65 billion. During the same period in the previous year, the firm earned $1.40 EPS. The business’s quarterly revenue was up 5.7% on a year-over-year basis. Fidelity National Information Services has set its FY 2025 guidance at 5.740-5.780 EPS. As a group, sell-side analysts expect 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 announced a quarterly dividend, which was paid on Tuesday, December 23rd. Stockholders of record on Tuesday, December 9th were given a dividend of $0.40 per share. The ex-dividend date was Tuesday, December 9th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.4%. Fidelity National Information Services’s dividend payout ratio (DPR) is 592.59%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on FIS shares. Susquehanna lowered their target price on shares of Fidelity National Information Services from $81.00 to $77.00 and set a “neutral” rating for the company in a research note on Friday, September 12th. Weiss Ratings reissued a “sell (d)” rating on shares of Fidelity National Information Services in a report on Wednesday, October 8th. KeyCorp reissued a “hold” rating on shares of Fidelity National Information Services in a research report on Wednesday, October 22nd. JPMorgan Chase & Co. dropped their price target on Fidelity National Information Services from $85.00 to $80.00 and set an “overweight” rating on the stock in a research note on Thursday, November 6th. Finally, UBS Group lifted their target price on Fidelity National Information Services from $82.00 to $83.00 and gave the stock a “buy” rating in a report on Thursday, November 6th. Eleven investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $84.44.

Insider Buying and Selling at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein purchased 889 shares of Fidelity National Information Services stock in a transaction that occurred on Wednesday, October 15th. The stock was bought at an average price of $67.66 per share, with a total value of $60,149.74. Following the acquisition, the director owned 13,588 shares of the company’s stock, valued at $919,364.08. This trade represents a 7.00% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.21% of the stock is currently owned by corporate 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.