Carnegie Investment Counsel Sells 3,204 Shares of Fidelity National Information Services, Inc. $FIS

Carnegie Investment Counsel lessened its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 29.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,639 shares of the information technology services provider’s stock after selling 3,204 shares during the period. Carnegie Investment Counsel’s holdings in Fidelity National Information Services were worth $622,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Monetary Management Group Inc. grew its stake in Fidelity National Information Services by 2.8% in the 1st quarter. Monetary Management Group Inc. now owns 4,960 shares of the information technology services provider’s stock worth $370,000 after buying an additional 135 shares in the last quarter. Phoenix Wealth Advisors grew its stake in Fidelity National Information Services by 0.4% in the 1st quarter. Phoenix Wealth Advisors now owns 30,861 shares of the information technology services provider’s stock worth $2,305,000 after buying an additional 135 shares in the last quarter. CX Institutional grew its stake in Fidelity National Information Services by 2.3% in the 2nd quarter. CX Institutional now owns 6,317 shares of the information technology services provider’s stock worth $514,000 after buying an additional 140 shares in the last quarter. Stonebrook Private Inc. grew its stake in Fidelity National Information Services by 0.6% in the 1st quarter. Stonebrook Private Inc. now owns 24,424 shares of the information technology services provider’s stock worth $1,824,000 after buying an additional 146 shares in the last quarter. Finally, Private Trust Co. NA grew its stake in Fidelity National Information Services by 9.9% in the 1st quarter. Private Trust Co. NA now owns 1,660 shares of the information technology services provider’s stock worth $124,000 after buying an additional 149 shares in the last quarter. Institutional investors own 96.23% of the company’s stock.

Insiders Place Their Bets

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

Fidelity National Information Services Trading Up 0.5%

Shares of FIS opened at $67.85 on Monday. The stock has a market capitalization of $35.44 billion, a P/E ratio of 376.97 and a beta of 1.05. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.63. The firm has a fifty day simple moving average of $67.56 and a two-hundred day simple moving average of $74.52. Fidelity National Information Services, Inc. has a twelve month low of $63.00 and a twelve month high of $91.98.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly 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 during the quarter, compared to analysts’ expectations of $2.57 billion. Fidelity National Information Services had a net margin of 1.09% and a return on equity of 18.73%. The firm’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.36 EPS. 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. On average, research analysts anticipate 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 declared a quarterly dividend, which was paid on Wednesday, September 24th. Shareholders of record on Wednesday, September 10th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Wednesday, September 10th. This represents a $1.60 annualized dividend and a yield of 2.4%. Fidelity National Information Services’s dividend payout ratio is presently 888.89%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Citigroup raised shares of Fidelity National Information Services to a “hold” rating in a research note on Thursday. Truist Financial cut their price target on shares of Fidelity National Information Services from $75.00 to $72.00 and set a “hold” rating for the company in a research note on Friday. Robert W. Baird upped their price objective on shares of Fidelity National Information Services from $82.00 to $86.00 and gave the company a “neutral” rating in a research note on Wednesday, July 16th. KeyCorp reaffirmed a “hold” rating on shares of Fidelity National Information Services in a research note on Wednesday, October 22nd. Finally, Susquehanna cut their price objective on shares of 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. Thirteen research 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, Fidelity National Information Services presently has an average rating of “Moderate Buy” and an average price target of $87.94.

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.