PNC Financial Services Group Inc. Increases Stake in Fidelity National Information Services, Inc. $FIS

PNC Financial Services Group Inc. increased its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 1.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 256,876 shares of the information technology services provider’s stock after acquiring an additional 4,417 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Fidelity National Information Services were worth $20,912,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Dodge & Cox increased its holdings in 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 valued at $2,599,484,000 after buying an additional 480,771 shares during the period. Boston Partners increased its holdings in shares of Fidelity National Information Services by 10.3% in the 2nd quarter. Boston Partners now owns 11,801,151 shares of the information technology services provider’s stock valued at $956,986,000 after acquiring an additional 1,103,121 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of Fidelity National Information Services by 4.1% during the 1st 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 last quarter. Charles Schwab Investment Management Inc. raised its holdings 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 in the last quarter. Finally, Invesco Ltd. raised its holdings 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 in the last quarter. Institutional investors own 96.23% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on FIS. Keefe, Bruyette & Woods reduced their price objective on shares of Fidelity National Information Services from $88.00 to $85.00 and set an “outperform” rating for the company in a research note on Wednesday, October 1st. UBS Group increased their price objective on Fidelity National Information Services from $82.00 to $83.00 and gave the company a “buy” rating in a report on Thursday, November 6th. Citigroup raised Fidelity National Information Services to a “hold” rating in a research report on Thursday, October 23rd. 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. Finally, Susquehanna cut their price objective on shares of Fidelity National Information Services from $81.00 to $77.00 and set a “neutral” rating on the stock in a report on Friday, September 12th. Twelve analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Fidelity National Information Services has an average rating of “Hold” and a consensus target price of $85.53.

Insiders Place Their Bets

In related news, Director Jeffrey A. Goldstein acquired 889 shares of Fidelity National Information Services stock in a transaction on Wednesday, October 15th. The stock was acquired at an average price 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 position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.21% of the company’s stock.

Fidelity National Information Services Trading Down 3.2%

Shares of NYSE:FIS opened at $64.16 on Friday. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.63. Fidelity National Information Services, Inc. has a 52-week low of $59.51 and a 52-week high of $88.63. The stock has a market cap of $33.22 billion, a price-to-earnings ratio of 356.45 and a beta of 1.01. The business has a 50-day moving average price of $66.00 and a 200-day moving average price of $73.45.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings results 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. Fidelity National Information Services had a net margin of 1.09% and a return on equity of 18.73%. The company had revenue of $2.72 billion for the quarter, compared to the consensus estimate of $2.65 billion. During the same quarter in the prior year, the company earned $1.40 EPS. Fidelity National Information Services’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. Equities analysts predict that Fidelity National Information Services, Inc. will post 5.74 EPS for the current year.

Fidelity National Information Services Announces Dividend

The firm 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 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Tuesday, December 9th. Fidelity National Information Services’s dividend payout ratio is presently 592.59%.

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.