Fidelity National Information Services, Inc. $FIS Shares Sold by Bank of Montreal Can

Bank of Montreal Can reduced its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 30.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 380,448 shares of the information technology services provider’s stock after selling 162,899 shares during the period. Bank of Montreal Can owned 0.07% of Fidelity National Information Services worth $30,972,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of FIS. Baupost Group LLC MA purchased a new stake in shares of Fidelity National Information Services in the first quarter valued at $260,853,000. Nuveen LLC acquired a new stake in shares of Fidelity National Information Services during the 1st quarter worth about $187,514,000. Invesco Ltd. raised its position in shares of Fidelity National Information Services by 22.9% in the first quarter. Invesco Ltd. now owns 9,304,011 shares of the information technology services provider’s stock valued at $694,824,000 after buying an additional 1,730,878 shares during the last quarter. Hotchkis & Wiley Capital Management LLC lifted its stake in shares of Fidelity National Information Services by 17.4% during the first quarter. Hotchkis & Wiley Capital Management LLC now owns 6,666,499 shares of the information technology services provider’s stock valued at $497,854,000 after buying an additional 986,646 shares during the period. Finally, Hawk Ridge Capital Management LP lifted its stake in shares of Fidelity National Information Services by 647.7% during the first quarter. Hawk Ridge Capital Management LP now owns 1,062,280 shares of the information technology services provider’s stock valued at $79,331,000 after buying an additional 920,200 shares during the period. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Fidelity National Information Services Price Performance

FIS stock opened at $64.62 on Friday. The company has a market cap of $33.76 billion, a PE ratio of 359.04 and a beta of 1.01. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.63. The stock has a 50-day moving average price of $66.41 and a two-hundred day moving average price of $74.00. Fidelity National Information Services, Inc. has a 12-month low of $59.51 and a 12-month high of $89.57.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings data on Wednesday, November 5th. The information technology services provider reported $1.51 EPS for the quarter, topping analysts’ consensus estimates of $1.48 by $0.03. Fidelity National Information Services had a return on equity of 18.73% and a net margin of 1.09%.The company had revenue of $2.72 billion for the quarter, compared to the consensus estimate of $2.65 billion. During the same period last year, the business posted $1.40 EPS. The company’s quarterly revenue was up 5.7% compared to the same quarter last year. Fidelity National Information Services has set its FY 2025 guidance at 5.740-5.780 EPS. As a group, research analysts predict that Fidelity National Information Services, Inc. will post 5.74 EPS for the current year.

Fidelity National Information Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 23rd. Shareholders of record on Tuesday, December 9th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.5%. The ex-dividend date is Tuesday, December 9th. Fidelity National Information Services’s payout ratio is currently 888.89%.

Insider Activity

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein bought 889 shares of the business’s 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 purchase, the director owned 13,588 shares in the company, 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 Securities & Exchange Commission, which is available at this link. 0.21% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have commented on FIS shares. Susquehanna cut their price target on Fidelity National Information Services from $81.00 to $77.00 and set a “neutral” rating for the company in a report on Friday, September 12th. Keefe, Bruyette & Woods lowered their price objective on Fidelity National Information Services from $88.00 to $85.00 and set an “outperform” rating for the company in a research report on Wednesday, October 1st. Weiss Ratings reiterated a “sell (d)” rating on shares of Fidelity National Information Services in a research report on Wednesday, October 8th. UBS Group lifted their price target on Fidelity National Information Services from $82.00 to $83.00 and gave the company a “buy” rating in a report on Thursday. Finally, Truist Financial dropped their price objective 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, October 24th. Twelve investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $85.53.

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.