WealthShield Partners LLC Sells 12,156 Shares of Fidelity National Information Services, Inc. $FIS

WealthShield Partners LLC lessened its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 31.6% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 26,316 shares of the information technology services provider’s stock after selling 12,156 shares during the quarter. WealthShield Partners LLC’s holdings in Fidelity National Information Services were worth $2,142,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in FIS. Meeder Asset Management Inc. increased its position in shares of Fidelity National Information Services by 92.1% in the 1st quarter. Meeder Asset Management Inc. now owns 342 shares of the information technology services provider’s stock valued at $26,000 after acquiring an additional 164 shares during the period. Hazlett Burt & Watson Inc. lifted its holdings in shares of Fidelity National Information Services by 179.9% during the first quarter. Hazlett Burt & Watson Inc. now owns 389 shares of the information technology services provider’s stock worth $29,000 after purchasing an additional 250 shares during the period. NewSquare Capital LLC increased its holdings in Fidelity National Information Services by 115.1% in the 2nd quarter. NewSquare Capital LLC now owns 357 shares of the information technology services provider’s stock worth $29,000 after buying an additional 191 shares during the period. Cary Street Partners Investment Advisory LLC raised its position 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 worth $33,000 after buying an additional 223 shares during the last quarter. Finally, Valued Wealth Advisors LLC acquired a new stake in Fidelity National Information Services during the 2nd quarter valued at approximately $42,000. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Insider Activity at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein purchased 889 shares of Fidelity National Information Services stock in a transaction that occurred on Wednesday, October 15th. The shares were purchased at an average cost of $67.66 per share, with a total value of $60,149.74. Following the transaction, 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 position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.21% of the company’s stock.

Wall Street Analyst Weigh In

FIS has been the topic of a number of analyst reports. Stephens dropped their target price on Fidelity National Information Services from $100.00 to $90.00 and set an “overweight” rating on the stock in a research report on Thursday, October 16th. 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 report on Thursday, November 6th. Keefe, Bruyette & Woods decreased their price objective on shares of 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. Wells Fargo & Company assumed coverage on shares of Fidelity National Information Services in a research note on Wednesday, October 22nd. They set an “overweight” rating and a $81.00 target price for the company. Finally, Susquehanna lowered their price target on shares of Fidelity National Information Services from $81.00 to $77.00 and set a “neutral” rating on the stock in a research report on Friday, September 12th. Twelve equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $85.53.

Fidelity National Information Services Stock Performance

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 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’s fifty day moving average price is $66.00 and its 200 day moving average price is $73.45. The firm has a market cap of $33.22 billion, a price-to-earnings ratio of 356.45 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 earnings per share for the quarter, topping analysts’ consensus estimates 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 return on equity of 18.73% and a net margin of 1.09%.The company’s revenue was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.40 EPS. Fidelity National Information Services has set its FY 2025 guidance at 5.740-5.780 EPS. On average, sell-side analysts expect that Fidelity National Information Services, Inc. will post 5.74 EPS for the current year.

Fidelity National Information Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 23rd. Stockholders of record on Tuesday, December 9th will be given a $0.40 dividend. The ex-dividend date of this dividend is Tuesday, December 9th. This represents a $1.60 annualized dividend and a dividend yield of 2.5%. 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.