Police & Firemen s Retirement System of New Jersey Increases Stock Position in Fidelity National Information Services, Inc. $FIS

Police & Firemen s Retirement System of New Jersey grew its stake in Fidelity National Information Services, Inc. (NYSE:FIS) by 2.4% in the second quarter, Holdings Channel.com reports. The institutional investor owned 80,027 shares of the information technology services provider’s stock after buying an additional 1,839 shares during the quarter. Police & Firemen s Retirement System of New Jersey’s holdings in Fidelity National Information Services were worth $6,515,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in FIS. Dodge & Cox increased its stake in Fidelity National Information Services by 1.4% in 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 acquiring an additional 480,771 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Fidelity National Information Services by 0.4% during the 2nd quarter. Geode Capital Management LLC now owns 13,288,097 shares of the information technology services provider’s stock valued at $1,077,157,000 after purchasing an additional 48,968 shares during the last quarter. Boston Partners raised its holdings in shares of Fidelity National Information Services by 10.3% during 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 buying an additional 1,103,121 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in Fidelity National Information Services by 4.1% in 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 buying an additional 419,199 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake 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 buying an additional 31,626 shares in the last quarter. 96.23% of the stock is owned by institutional investors.

Fidelity National Information Services Stock Down 3.2%

NYSE FIS opened at $64.16 on Friday. Fidelity National Information Services, Inc. has a 1 year low of $59.51 and a 1 year high of $88.63. The stock has a market capitalization of $33.22 billion, a PE ratio of 356.45 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. The business’s 50-day moving average is $66.00 and its 200 day moving average is $73.45.

Fidelity National Information Services (NYSE:FIS) last released 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 business had revenue of $2.72 billion during the quarter, compared to analysts’ expectations of $2.65 billion. Fidelity National Information Services had a return on equity of 18.73% and a net margin of 1.09%.The business’s revenue was up 5.7% on a year-over-year basis. During the same quarter last year, the business posted $1.40 EPS. Fidelity National Information Services has set its FY 2025 guidance at 5.740-5.780 EPS. Sell-side analysts forecast that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current year.

Fidelity National Information Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 23rd. Shareholders of record on Tuesday, December 9th will be given a dividend of $0.40 per share. 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 payout ratio is presently 592.59%.

Insider Buying and Selling at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein bought 889 shares of Fidelity National Information Services stock in a transaction on Wednesday, October 15th. The shares were purchased at an average price of $67.66 per share, for a total transaction of $60,149.74. Following the acquisition, the director owned 13,588 shares of the company’s stock, valued at approximately $919,364.08. The trade was a 7.00% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.21% of the company’s stock.

Analysts Set New Price Targets

FIS has been the topic of several research reports. Keefe, Bruyette & Woods decreased their price target on shares of Fidelity National Information Services from $88.00 to $85.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 1st. Wells Fargo & Company began coverage on shares of Fidelity National Information Services in a research report on Wednesday, October 22nd. They issued an “overweight” rating and a $81.00 target price on the stock. KeyCorp reissued a “hold” rating on shares of Fidelity National Information Services in a research note on Wednesday, October 22nd. Royal Bank Of Canada reduced their price objective on Fidelity National Information Services from $93.00 to $86.00 and set an “outperform” rating on the stock in a research note on Thursday, November 6th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Fidelity National Information Services in a research note on Wednesday, October 8th. 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 company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $85.53.

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.