Wealth Alliance LLC Buys 844 Shares of Fidelity National Information Services, Inc. $FIS

Wealth Alliance LLC raised its position in Fidelity National Information Services, Inc. (NYSE:FIS) by 9.4% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,855 shares of the information technology services provider’s stock after buying an additional 844 shares during the period. Wealth Alliance LLC’s holdings in Fidelity National Information Services were worth $802,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of FIS. Meeder Asset Management Inc. grew its position in shares of Fidelity National Information Services by 92.1% during the 1st quarter. Meeder Asset Management Inc. now owns 342 shares of the information technology services provider’s stock valued at $26,000 after acquiring an additional 164 shares during the period. NewSquare Capital LLC grew its holdings in shares of Fidelity National Information Services by 115.1% in the second quarter. NewSquare Capital LLC now owns 357 shares of the information technology services provider’s stock worth $29,000 after purchasing an additional 191 shares during the last quarter. Hazlett Burt & Watson Inc. raised its position in Fidelity National Information Services by 179.9% during the 1st quarter. Hazlett Burt & Watson Inc. now owns 389 shares of the information technology services provider’s stock valued at $29,000 after purchasing an additional 250 shares in the last quarter. Cary Street Partners Investment Advisory LLC lifted its holdings in Fidelity National Information Services by 100.5% during the first quarter. Cary Street Partners Investment Advisory LLC now owns 445 shares of the information technology services provider’s stock worth $33,000 after buying an additional 223 shares during the period. Finally, Valued Wealth Advisors LLC acquired a new stake in Fidelity National Information Services in the second quarter valued at approximately $42,000. 96.23% of the stock is owned by institutional investors.

Fidelity National Information Services Stock Down 0.6%

Shares of FIS traded down $0.40 during trading hours on Thursday, hitting $65.83. 73,292 shares of the company were exchanged, compared to its average volume of 3,763,303. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.59 and a current ratio of 0.59. Fidelity National Information Services, Inc. has a 52 week low of $59.51 and a 52 week high of $89.57. The firm’s 50 day moving average is $66.14 and its 200-day moving average is $73.60. The company has a market cap of $34.09 billion, a PE ratio of 365.74 and a beta of 1.01.

Fidelity National Information Services (NYSE:FIS) last posted its 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 company had revenue of $2.72 billion during the quarter, compared to analyst estimates of $2.65 billion. Fidelity National Information Services had a return on equity of 18.73% and a net margin of 1.09%.The company’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period in the previous year, the company earned $1.40 EPS. Fidelity National Information Services has set its FY 2025 guidance at 5.740-5.780 EPS. On average, equities research analysts forecast that Fidelity National Information Services, Inc. will post 5.74 EPS 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 given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Tuesday, December 9th. Fidelity National Information Services’s dividend payout ratio (DPR) is presently 592.59%.

Analyst Upgrades and Downgrades

FIS has been the topic of several analyst reports. Stephens dropped 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 research report on Thursday, October 16th. Jefferies Financial Group reduced their price objective on Fidelity National Information Services from $75.00 to $70.00 and set a “hold” rating on the stock in a research note on Tuesday, October 14th. Keefe, Bruyette & Woods lowered their price target on Fidelity National Information Services from $88.00 to $85.00 and set an “outperform” rating for the company in a report on Wednesday, October 1st. UBS Group lifted their price objective on shares of Fidelity National Information Services from $82.00 to $83.00 and gave the company a “buy” rating in a research note on Thursday, November 6th. Finally, Citigroup raised Fidelity National Information Services to a “hold” rating in a report on Thursday, October 23rd. Twelve investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Fidelity National Information Services currently has a consensus rating of “Hold” and a consensus price target of $85.53.

Insiders Place Their Bets

In related news, Director Jeffrey A. Goldstein purchased 889 shares of the firm’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 acquisition, 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 ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.21% of the company’s stock.

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.