Savant Capital LLC Acquires 5,118 Shares of Fidelity National Information Services, Inc. $FIS

Savant Capital LLC increased its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 11.8% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 48,609 shares of the information technology services provider’s stock after purchasing an additional 5,118 shares during the period. Savant Capital LLC’s holdings in Fidelity National Information Services were worth $3,957,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Twin Capital Management Inc. lifted its holdings in shares of Fidelity National Information Services by 1.6% in the second quarter. Twin Capital Management Inc. now owns 36,211 shares of the information technology services provider’s stock worth $2,948,000 after buying an additional 583 shares in the last quarter. Souders Financial Advisors purchased a new position in Fidelity National Information Services during the second quarter valued at $220,000. Andra AP fonden increased its holdings in Fidelity National Information Services by 40.2% in the 2nd quarter. Andra AP fonden now owns 135,200 shares of the information technology services provider’s stock valued at $11,007,000 after acquiring an additional 38,800 shares during the last quarter. Resona Asset Management Co. Ltd. lifted its stake in Fidelity National Information Services by 15.1% in the 2nd quarter. Resona Asset Management Co. Ltd. now owns 201,777 shares of the information technology services provider’s stock worth $16,409,000 after purchasing an additional 26,480 shares in the last quarter. Finally, First Horizon Advisors Inc. boosted its holdings in shares of Fidelity National Information Services by 16.0% during the 2nd quarter. First Horizon Advisors Inc. now owns 2,533 shares of the information technology services provider’s stock valued at $206,000 after purchasing an additional 350 shares during the last quarter. 96.23% of the stock is owned by hedge funds and other institutional investors.

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 purchased 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 owned 13,588 shares in the company, valued at $919,364.08. This represents a 7.00% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.21% of the stock is owned by company insiders.

Fidelity National Information Services Stock Up 0.1%

NYSE FIS opened at $64.72 on Monday. 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 $89.57. The firm has a market capitalization of $33.51 billion, a price-to-earnings ratio of 359.56 and a beta of 1.01. The company has a fifty day moving average of $66.31 and a two-hundred day moving average of $73.84.

Fidelity National Information Services (NYSE:FIS) last announced its earnings results on Wednesday, November 5th. The information technology services provider reported $1.51 earnings per share for the quarter, beating the consensus estimate of $1.48 by $0.03. Fidelity National Information Services had a net margin of 1.09% and a return on equity of 18.73%. The business had revenue of $2.72 billion for the quarter, compared to the consensus estimate of $2.65 billion. During the same quarter in the prior year, the firm posted $1.40 earnings per share. The business’s revenue for the quarter was up 5.7% on a year-over-year basis. Fidelity National Information Services has set its FY 2025 guidance at 5.740-5.780 EPS. On average, 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 firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 23rd. Shareholders of record on Tuesday, December 9th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 2.5%. The ex-dividend date is Tuesday, December 9th. Fidelity National Information Services’s payout ratio is 592.59%.

Analysts Set New Price Targets

FIS has been the subject of a number of research analyst reports. Susquehanna cut their price objective on Fidelity National Information Services from $81.00 to $77.00 and set a “neutral” rating for the company in a research report on Friday, September 12th. Robert W. Baird increased their price target on 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. Keefe, Bruyette & Woods reduced their price objective on Fidelity National Information Services from $88.00 to $85.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 1st. JPMorgan Chase & Co. decreased their price objective on Fidelity National Information Services from $85.00 to $80.00 and set an “overweight” rating on the stock in a report on Thursday. Finally, Wells Fargo & Company started coverage on Fidelity National Information Services in a research report on Wednesday, October 22nd. They set an “overweight” rating and a $81.00 target price for the company. Twelve analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $85.53.

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.