Fidelity National Information Services, Inc. $FIS Position Boosted by Verdence Capital Advisors LLC

Verdence Capital Advisors LLC increased its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 8.5% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 28,343 shares of the information technology services provider’s stock after purchasing an additional 2,222 shares during the quarter. Verdence Capital Advisors LLC’s holdings in Fidelity National Information Services were worth $2,307,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Monetary Management Group Inc. lifted its position in Fidelity National Information Services by 2.8% in the first quarter. Monetary Management Group Inc. now owns 4,960 shares of the information technology services provider’s stock worth $370,000 after purchasing an additional 135 shares during the period. Phoenix Wealth Advisors lifted its position in Fidelity National Information Services by 0.4% in the first quarter. Phoenix Wealth Advisors now owns 30,861 shares of the information technology services provider’s stock worth $2,305,000 after purchasing an additional 135 shares during the period. CX Institutional lifted its position in Fidelity National Information Services by 2.3% in the second quarter. CX Institutional now owns 6,317 shares of the information technology services provider’s stock worth $514,000 after purchasing an additional 140 shares during the period. Stonebrook Private Inc. lifted its position in Fidelity National Information Services by 0.6% in the first quarter. Stonebrook Private Inc. now owns 24,424 shares of the information technology services provider’s stock worth $1,824,000 after purchasing an additional 146 shares during the period. Finally, Private Trust Co. NA lifted its position in Fidelity National Information Services by 9.9% in the first quarter. Private Trust Co. NA now owns 1,660 shares of the information technology services provider’s stock worth $124,000 after purchasing an additional 149 shares during the period. 96.23% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on FIS shares. Weiss Ratings restated a “sell (d)” rating on shares of Fidelity National Information Services in a research report on Wednesday, October 8th. Robert W. Baird upped their target price on Fidelity National Information Services from $82.00 to $86.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 16th. Truist Financial upped their target price on Fidelity National Information Services from $84.00 to $85.00 and gave the stock a “hold” rating in a research report on Thursday, July 17th. Susquehanna reduced their price objective on Fidelity National Information Services from $81.00 to $77.00 and set a “neutral” rating for the company in a research note on Friday, September 12th. Finally, UBS Group raised Fidelity National Information Services from a “neutral” rating to a “buy” rating and set a $82.00 price objective for the company in a research note on Tuesday, September 30th. Thirteen research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $91.00.

Fidelity National Information Services Price Performance

FIS opened at $67.31 on Tuesday. The stock has a fifty day moving average of $68.25 and a 200-day moving average of $74.81. The firm has a market capitalization of $35.16 billion, a P/E ratio of 373.97 and a beta of 1.05. Fidelity National Information Services, Inc. has a 12-month low of $63.00 and a 12-month high of $91.98. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.63.

Fidelity National Information Services (NYSE:FIS) last released its earnings results on Tuesday, August 5th. The information technology services provider reported $1.36 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.36. The company had revenue of $2.62 billion during the quarter, compared to analyst estimates of $2.57 billion. Fidelity National Information Services had a return on equity of 18.73% and a net margin of 1.09%.The company’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.36 earnings per share. Fidelity National Information Services has set its Q3 2025 guidance at 1.460-1.500 EPS. FY 2025 guidance at 5.720-5.800 EPS. Equities analysts forecast that Fidelity National Information Services, Inc. will post 5.74 EPS for the current fiscal year.

Fidelity National Information Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 24th. Stockholders of record on Wednesday, September 10th were issued a $0.40 dividend. The ex-dividend date was Wednesday, September 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.4%. Fidelity National Information Services’s dividend payout ratio is presently 888.89%.

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.