Scotia Capital Inc. Acquires 1,155 Shares of Fidelity National Information Services, Inc. $FIS

Scotia Capital Inc. boosted its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 2.7% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 44,599 shares of the information technology services provider’s stock after acquiring an additional 1,155 shares during the quarter. Scotia Capital Inc.’s holdings in Fidelity National Information Services were worth $3,631,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of FIS. NewSquare Capital LLC boosted its stake 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 during the period. Cary Street Partners Investment Advisory LLC lifted its holdings in Fidelity National Information Services by 100.5% during the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 445 shares of the information technology services provider’s stock valued at $33,000 after buying an additional 223 shares in the last quarter. Valued Wealth Advisors LLC purchased a new stake in Fidelity National Information Services in the 2nd quarter valued at about $42,000. GFG Capital LLC bought a new position in Fidelity National Information Services in the 2nd quarter worth about $43,000. Finally, Wealth Preservation Advisors LLC purchased a new position in shares of Fidelity National Information Services during the first quarter worth approximately $50,000. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Insider Activity

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein acquired 889 shares of the firm’s stock in a transaction dated Wednesday, October 15th. The stock was 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 in the company, valued at approximately $919,364.08. This trade represents a 7.00% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on FIS. Susquehanna dropped their price objective on Fidelity National Information Services from $81.00 to $77.00 and set a “neutral” rating on the stock in a research note on Friday, September 12th. Royal Bank Of Canada lowered 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. Citigroup upgraded Fidelity National Information Services to a “hold” rating in a research note on Thursday, October 23rd. Keefe, Bruyette & Woods lowered 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. Finally, UBS Group increased their target price on shares of Fidelity National Information Services from $82.00 to $83.00 and gave the stock a “buy” rating in a report on Thursday, November 6th. Twelve equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $85.41.

Fidelity National Information Services Price Performance

Shares of FIS stock opened at $65.77 on Friday. The stock’s 50-day moving average is $65.45 and its 200 day moving average is $72.47. Fidelity National Information Services, Inc. has a 1-year low of $59.51 and a 1-year high of $86.03. 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 company has a market cap of $34.06 billion, a P/E ratio of 365.41 and a beta of 1.01.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings results on Wednesday, November 5th. The information technology services provider reported $1.51 EPS for the quarter, beating 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 business had revenue of $2.72 billion during the quarter, compared to analyst estimates of $2.65 billion. During the same period in the prior year, the firm posted $1.40 earnings per share. The company’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. Research analysts predict that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current fiscal year.

Fidelity National Information Services Announces Dividend

The company 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 2.4%. The ex-dividend date of this dividend is Tuesday, December 9th. Fidelity National Information Services’s payout ratio is currently 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.