New York Life Investment Management LLC Boosts Stock Position in Fidelity National Information Services, Inc. $FIS

New York Life Investment Management LLC grew its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 0.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 78,891 shares of the information technology services provider’s stock after acquiring an additional 193 shares during the period. New York Life Investment Management LLC’s holdings in Fidelity National Information Services were worth $6,423,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in FIS. Baupost Group LLC MA purchased a new stake in shares of Fidelity National Information Services during the first quarter worth $260,853,000. Nuveen LLC purchased a new stake in shares of Fidelity National Information Services during the first quarter worth $187,514,000. Invesco Ltd. lifted its position in shares of Fidelity National Information Services by 22.9% during the first quarter. Invesco Ltd. now owns 9,304,011 shares of the information technology services provider’s stock worth $694,824,000 after acquiring an additional 1,730,878 shares in the last quarter. Hotchkis & Wiley Capital Management LLC lifted its position 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 worth $497,854,000 after acquiring an additional 986,646 shares in the last quarter. Finally, Hawk Ridge Capital Management LP lifted its position 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 worth $79,331,000 after acquiring an additional 920,200 shares in the last quarter. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Wall Street Analyst Weigh In

FIS has been the topic of several recent research reports. Weiss Ratings restated a “sell (d)” rating on shares of Fidelity National Information Services in a research report on Wednesday, October 8th. Citigroup raised shares of Fidelity National Information Services to a “hold” rating in a report on Thursday, October 23rd. KeyCorp reaffirmed a “hold” rating on shares of Fidelity National Information Services in a report on Wednesday, October 22nd. Jefferies Financial Group decreased their price target on shares of Fidelity National Information Services from $75.00 to $70.00 and set a “hold” rating on the stock in a report on Tuesday, October 14th. Finally, Stephens decreased their price target on shares of Fidelity National Information Services from $100.00 to $90.00 and set an “overweight” rating on the stock in a report on Thursday, October 16th. Thirteen research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $87.94.

Fidelity National Information Services Stock Down 6.7%

FIS opened at $61.53 on Thursday. The stock has a market cap of $32.14 billion, a PE ratio of 341.86 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. Fidelity National Information Services, Inc. has a 52 week low of $59.51 and a 52 week high of $91.98. The business’s fifty day simple moving average is $67.27 and its 200 day simple moving average is $74.38.

Fidelity National Information Services (NYSE:FIS) last released its earnings results on Tuesday, August 5th. The information technology services provider reported $1.36 EPS for the quarter, meeting analysts’ consensus estimates of $1.36. The business had revenue of $2.62 billion for the quarter, compared to analysts’ expectations of $2.57 billion. Fidelity National Information Services had a return on equity of 18.73% and a net margin of 1.09%.The firm’s revenue was up 5.1% on a year-over-year basis. During the same quarter in the prior 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, research analysts expect that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Jeffrey A. Goldstein bought 889 shares of Fidelity National Information Services stock in a transaction that occurred on 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 purchase, the director directly owned 13,588 shares in the company, valued at $919,364.08. The trade was a 7.00% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 0.21% of the stock is currently owned by corporate insiders.

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.