State Board of Administration of Florida Retirement System Has $44.13 Million Stock Holdings in Fidelity National Information Services, Inc. $FIS

State Board of Administration of Florida Retirement System decreased its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 1.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 542,006 shares of the information technology services provider’s stock after selling 9,411 shares during the period. State Board of Administration of Florida Retirement System owned approximately 0.10% of Fidelity National Information Services worth $44,125,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Cullen Investment Group LTD. boosted its position in Fidelity National Information Services by 10.4% during the 2nd quarter. Cullen Investment Group LTD. now owns 58,464 shares of the information technology services provider’s stock worth $4,760,000 after acquiring an additional 5,521 shares during the last quarter. Hilltop National Bank acquired a new position in Fidelity National Information Services during the second quarter worth $1,616,000. Brighton Jones LLC acquired a new stake in Fidelity National Information Services in the 4th quarter valued at $347,000. Truist Financial Corp lifted its position in Fidelity National Information Services by 6.6% during the 2nd quarter. Truist Financial Corp now owns 74,869 shares of the information technology services provider’s stock worth $6,095,000 after buying an additional 4,619 shares in the last quarter. Finally, Vise Technologies Inc. acquired a new position in shares of Fidelity National Information Services during the 2nd quarter worth about $3,581,000. Institutional investors own 96.23% of the company’s stock.

Fidelity National Information Services Price Performance

Shares of FIS opened at $65.77 on Friday. The company’s 50-day moving average is $65.45 and its 200-day moving average is $72.50. 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 firm has a market capitalization of $34.06 billion, a PE ratio of 365.41 and a beta of 1.01. Fidelity National Information Services, Inc. has a fifty-two week low of $59.51 and a fifty-two week high of $86.03.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings results on Wednesday, November 5th. The information technology services provider reported $1.51 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $2.65 billion. During the same quarter in the prior year, the business 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 forecast that Fidelity National Information Services, Inc. will post 5.74 EPS for the current year.

Fidelity National Information Services Dividend Announcement

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 issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Tuesday, December 9th. Fidelity National Information Services’s dividend payout ratio is currently 592.59%.

Analysts Set New Price Targets

Several research firms recently issued reports on FIS. JPMorgan Chase & Co. dropped their target price on Fidelity National Information Services from $85.00 to $80.00 and set an “overweight” rating on the stock in a report on Thursday, November 6th. Jefferies Financial Group cut their price objective 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. KeyCorp restated a “hold” rating on shares of Fidelity National Information Services in a report on Wednesday, October 22nd. Royal Bank Of Canada cut their price target on shares of Fidelity National Information Services from $93.00 to $86.00 and set an “outperform” rating for the company in a research note on Thursday, November 6th. Finally, UBS Group boosted their price objective on shares of 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. Twelve research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $85.41.

Insiders Place Their Bets

In other news, Director Jeffrey A. Goldstein bought 889 shares of the company’s stock in a transaction dated 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 completion of the acquisition, the director owned 13,588 shares of the company’s stock, valued at $919,364.08. This represents a 7.00% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 0.21% of the stock is owned by insiders.

Fidelity National Information Services 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.