Fidelity National Information Services, Inc. $FIS Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC increased its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 0.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,288,097 shares of the information technology services provider’s stock after purchasing an additional 48,968 shares during the period. Geode Capital Management LLC owned 2.53% of Fidelity National Information Services worth $1,077,157,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. Brighton Jones LLC purchased a new stake in Fidelity National Information Services in the 4th quarter valued at about $347,000. Signaturefd LLC boosted its position in shares of Fidelity National Information Services by 4.7% in the first quarter. Signaturefd LLC now owns 4,517 shares of the information technology services provider’s stock worth $337,000 after acquiring an additional 203 shares during the last quarter. Whittier Trust Co. grew its holdings in Fidelity National Information Services by 103.4% in the first quarter. Whittier Trust Co. now owns 2,378 shares of the information technology services provider’s stock valued at $178,000 after purchasing an additional 1,209 shares during the period. Whittier Trust Co. of Nevada Inc. grew its holdings in Fidelity National Information Services by 803.1% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 9,221 shares of the information technology services provider’s stock valued at $689,000 after purchasing an additional 8,200 shares during the period. Finally, Wealthfront Advisers LLC increased its position in Fidelity National Information Services by 27.3% during the first quarter. Wealthfront Advisers LLC now owns 26,269 shares of the information technology services provider’s stock worth $1,962,000 after purchasing an additional 5,634 shares during the last quarter. 96.23% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein acquired 889 shares of the stock in a transaction on Wednesday, October 15th. The stock was purchased at an average price of $67.66 per share, for a total transaction of $60,149.74. Following the purchase, the director directly owned 13,588 shares in the company, valued at $919,364.08. This trade represents a 7.00% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.21% of the company’s stock.

Analyst Upgrades and Downgrades

FIS has been the topic of a number of research analyst reports. UBS Group lifted their price target on shares of Fidelity National Information Services from $82.00 to $83.00 and gave the company a “buy” rating in a report on Thursday, November 6th. KeyCorp reaffirmed a “hold” rating on shares of Fidelity National Information Services in a research report on Wednesday, October 22nd. Royal Bank Of Canada reduced their target price on Fidelity National Information Services from $93.00 to $86.00 and set an “outperform” rating on the stock in a report on Thursday, November 6th. Keefe, Bruyette & Woods dropped their price target on Fidelity National Information Services from $88.00 to $85.00 and set an “outperform” rating for the company in a research note on Wednesday, October 1st. Finally, Susquehanna cut their target price on shares of Fidelity National Information Services from $81.00 to $77.00 and set a “neutral” rating on the stock in a research note on Friday, September 12th. Twelve analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $85.53.

Fidelity National Information Services Price Performance

Shares of FIS stock opened at $66.14 on Friday. The firm has a fifty day simple moving average of $66.09 and a 200-day simple moving average of $73.55. The company has a market capitalization of $34.25 billion, a PE ratio of 367.46 and a beta of 1.01. Fidelity National Information Services, Inc. has a twelve month low of $59.51 and a twelve month high of $89.57. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.63.

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 (EPS) for the quarter, topping the consensus estimate of $1.48 by $0.03. The firm had revenue of $2.72 billion for the quarter, compared to the consensus estimate of $2.65 billion. Fidelity National Information Services had a net margin of 1.09% and a return on equity of 18.73%. The firm’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.40 EPS. Fidelity National Information Services has set its FY 2025 guidance at 5.740-5.780 EPS. Equities research analysts anticipate that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current fiscal year.

Fidelity National Information Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 23rd. Investors of record on Tuesday, December 9th will be paid a $0.40 dividend. The ex-dividend date is Tuesday, December 9th. This represents a $1.60 annualized dividend and a dividend yield of 2.4%. Fidelity National Information Services’s payout ratio is 592.59%.

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.