Fidelity National Information Services, Inc. $FIS Shares Sold by Rehmann Capital Advisory Group

Rehmann Capital Advisory Group trimmed its position in Fidelity National Information Services, Inc. (NYSE:FIS) by 37.3% during the second quarter, Holdings Channel.com reports. The firm owned 3,989 shares of the information technology services provider’s stock after selling 2,374 shares during the period. Rehmann Capital Advisory Group’s holdings in Fidelity National Information Services were worth $325,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of FIS. Brighton Jones LLC acquired a new stake in Fidelity National Information Services during the 4th quarter worth $347,000. Cambridge Investment Research Advisors Inc. raised its stake in Fidelity National Information Services by 4.3% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 21,031 shares of the information technology services provider’s stock worth $1,571,000 after acquiring an additional 869 shares in the last quarter. Oppenheimer & Co. Inc. acquired a new stake in Fidelity National Information Services during the 1st quarter worth $276,000. Achmea Investment Management B.V. raised its stake in Fidelity National Information Services by 42.5% during the 1st quarter. Achmea Investment Management B.V. now owns 50,932 shares of the information technology services provider’s stock worth $3,803,000 after acquiring an additional 15,194 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in Fidelity National Information Services by 88.5% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 167,066 shares of the information technology services provider’s stock worth $12,476,000 after acquiring an additional 78,422 shares in the last quarter. 96.23% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

FIS has been the topic of several research analyst reports. UBS Group upgraded shares of Fidelity National Information Services from a “neutral” rating to a “buy” rating and set a $82.00 price target on the stock in a research note on Tuesday, September 30th. Weiss Ratings reiterated a “sell (d)” rating on shares of Fidelity National Information Services in a research note on Wednesday, October 8th. Citigroup upgraded shares of Fidelity National Information Services to a “hold” rating in a research note on Thursday. 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 on the stock in a research note on Tuesday, October 14th. Finally, Wells Fargo & Company started coverage on shares of Fidelity National Information Services in a research note on Wednesday. They issued an “overweight” rating and a $81.00 price objective on the stock. Thirteen investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $87.94.

Fidelity National Information Services Stock Up 0.5%

Shares of NYSE:FIS opened at $67.85 on Friday. The company has a market cap of $35.44 billion, a price-to-earnings ratio of 376.97 and a beta of 1.05. The firm’s 50-day simple moving average is $67.56 and its 200-day simple moving average is $74.46. 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, Inc. has a fifty-two week low of $63.00 and a fifty-two week high of $91.98.

Fidelity National Information Services (NYSE:FIS) last issued its earnings results on Tuesday, August 5th. The information technology services provider reported $1.36 earnings per share for the quarter, meeting the consensus estimate of $1.36. The business had revenue of $2.62 billion for the quarter, compared to the consensus estimate of $2.57 billion. Fidelity National Information Services had a net margin of 1.09% and a return on equity of 18.73%. The business’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the firm 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. As a group, equities research analysts predict that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current year.

Fidelity National Information Services Dividend Announcement

The company 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 of this dividend was Wednesday, September 10th. This represents a $1.60 annualized dividend and a dividend yield of 2.4%. Fidelity National Information Services’s payout ratio is presently 888.89%.

Insider Buying and Selling at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein bought 889 shares of the 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 acquisition, the director directly owned 13,588 shares in the company, valued at approximately $919,364.08. The trade was a 7.00% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.21% of the stock is currently owned by insiders.

About Fidelity National Information Services

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.