Profund Advisors LLC Has $478,000 Holdings in Fidelity National Information Services, Inc. $FIS

Profund Advisors LLC lessened its position in Fidelity National Information Services, Inc. (NYSE:FIS) by 18.7% in the second quarter, Holdings Channel.com reports. The firm owned 5,877 shares of the information technology services provider’s stock after selling 1,356 shares during the quarter. Profund Advisors LLC’s holdings in Fidelity National Information Services were worth $478,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of FIS. Meeder Asset Management Inc. lifted its holdings in 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 worth $26,000 after buying an additional 164 shares during the period. Hazlett Burt & Watson Inc. lifted its position in shares of 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 acquiring an additional 250 shares during the period. NewSquare Capital LLC boosted its stake in Fidelity National Information Services by 115.1% during the second quarter. NewSquare Capital LLC now owns 357 shares of the information technology services provider’s stock worth $29,000 after acquiring an additional 191 shares in the last quarter. Cary Street Partners Investment Advisory LLC boosted its position in shares of Fidelity National Information Services by 100.5% during the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 445 shares of the information technology services provider’s stock worth $33,000 after purchasing an additional 223 shares in the last quarter. Finally, Valued Wealth Advisors LLC bought a new stake in shares of Fidelity National Information Services during the second quarter valued at approximately $42,000. Institutional investors own 96.23% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on FIS. JPMorgan Chase & Co. reduced their price target on shares of Fidelity National Information Services from $85.00 to $80.00 and set an “overweight” rating for the company in a research report on Thursday, November 6th. KeyCorp reiterated a “hold” rating on shares of Fidelity National Information Services in a report on Wednesday, October 22nd. Citigroup upgraded shares of Fidelity National Information Services to a “hold” rating in a report on Thursday, October 23rd. Robert W. Baird lifted 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. Finally, Keefe, Bruyette & Woods decreased their price objective 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. Twelve investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Fidelity National Information Services currently has a consensus rating of “Hold” and an average target price of $85.53.

Fidelity National Information Services Stock Performance

FIS stock opened at $66.14 on Thursday. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.63. The firm has a market cap of $34.25 billion, a PE ratio of 367.44 and a beta of 1.01. The business has a 50 day moving average of $66.14 and a 200-day moving average of $73.60. 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 posted its quarterly earnings data on Wednesday, November 5th. The information technology services provider reported $1.51 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $2.72 billion for the quarter, compared to analysts’ expectations of $2.65 billion. During the same quarter in the previous year, the firm earned $1.40 earnings per share. The business’s revenue 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. As a group, sell-side analysts expect that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current year.

Fidelity National Information Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 23rd. Stockholders of record on Tuesday, December 9th will be paid a dividend of $0.40 per share. 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 dividend payout ratio (DPR) is presently 592.59%.

Insider Activity at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein acquired 889 shares of the company’s stock in a transaction that occurred on Wednesday, October 15th. The shares were acquired at an average price of $67.66 per share, for a total transaction of $60,149.74. Following the completion of the purchase, the director owned 13,588 shares in the company, valued at approximately $919,364.08. This trade represents a 7.00% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company 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.