Skandinaviska Enskilda Banken AB publ Sells 2,900 Shares of Fidelity National Information Services, Inc. $FIS

Skandinaviska Enskilda Banken AB publ lessened its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 2.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 110,336 shares of the information technology services provider’s stock after selling 2,900 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Fidelity National Information Services were worth $8,982,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Brighton Jones LLC bought a new stake in Fidelity National Information Services in the fourth quarter valued at about $347,000. LPL Financial LLC boosted its holdings in Fidelity National Information Services by 2.7% during the first quarter. LPL Financial LLC now owns 222,706 shares of the information technology services provider’s stock valued at $16,632,000 after purchasing an additional 5,883 shares in the last quarter. Foundations Investment Advisors LLC raised its holdings in shares of Fidelity National Information Services by 55.5% in the 1st quarter. Foundations Investment Advisors LLC now owns 6,069 shares of the information technology services provider’s stock worth $453,000 after buying an additional 2,165 shares in the last quarter. Federated Hermes Inc. raised its holdings in shares of Fidelity National Information Services by 24.2% in the 1st quarter. Federated Hermes Inc. now owns 22,934 shares of the information technology services provider’s stock worth $1,713,000 after buying an additional 4,471 shares in the last quarter. Finally, Arkadios Wealth Advisors bought a new position in shares of Fidelity National Information Services during the 1st quarter worth approximately $1,587,000. 96.23% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on FIS. UBS Group increased their price objective on Fidelity National Information Services from $82.00 to $83.00 and gave the stock a “buy” rating in a research note on Thursday, November 6th. Susquehanna dropped 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 report on Friday, September 12th. Weiss Ratings restated a “sell (d)” rating on shares of Fidelity National Information Services in a research report on Wednesday, October 8th. Jefferies Financial Group dropped their price objective on shares of 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, Keefe, Bruyette & Woods reduced their target price on Fidelity National Information Services from $88.00 to $85.00 and set an “outperform” rating on the stock in a report on Wednesday, October 1st. Twelve research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $85.41.

Insider Buying and Selling at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein purchased 889 shares of the business’s stock in a transaction dated Wednesday, October 15th. The shares were acquired at an average price of $67.66 per share, with a total value of $60,149.74. Following the completion of the purchase, the director directly owned 13,588 shares of the company’s stock, valued at $919,364.08. The trade was a 7.00% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.21% of the stock is currently owned by insiders.

Fidelity National Information Services Trading Up 0.6%

Shares of NYSE FIS opened at $65.77 on Friday. 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 market cap of $34.06 billion, a PE ratio of 365.41 and a beta of 1.01. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.63. The company has a 50-day moving average of $65.45 and a two-hundred day moving average of $72.47.

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. The business 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 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 earnings per share. Fidelity National Information Services has set its FY 2025 guidance at 5.740-5.780 EPS. As a group, equities analysts expect 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 announced a quarterly dividend, which will be paid on Tuesday, December 23rd. Stockholders of record on Tuesday, December 9th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Tuesday, December 9th. Fidelity National Information Services’s dividend payout ratio (DPR) is 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.