Citizens Financial Group Inc. RI Takes $275,000 Position in Fidelity National Information Services, Inc. $FIS

Citizens Financial Group Inc. RI bought a new position in Fidelity National Information Services, Inc. (NYSE:FIS) in the 2nd quarter, HoldingsChannel.com reports. The firm bought 3,378 shares of the information technology services provider’s stock, valued at approximately $275,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Baupost Group LLC MA bought a new position in Fidelity National Information Services in the 1st quarter valued at $260,853,000. Nuveen LLC bought a new position in Fidelity National Information Services in the 1st quarter worth $187,514,000. Invesco Ltd. lifted its stake in shares of Fidelity National Information Services by 22.9% in the 1st quarter. Invesco Ltd. now owns 9,304,011 shares of the information technology services provider’s stock valued at $694,824,000 after purchasing an additional 1,730,878 shares during the period. Boston Partners grew its holdings in Fidelity National Information Services by 10.3% in the second quarter. Boston Partners now owns 11,801,151 shares of the information technology services provider’s stock worth $956,986,000 after purchasing an additional 1,103,121 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC raised its position in shares of Fidelity National Information Services by 17.4% in the 1st 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 purchasing an additional 986,646 shares during the last quarter. 96.23% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on FIS shares. Susquehanna lowered their price target on Fidelity National Information Services from $81.00 to $77.00 and set a “neutral” rating on the stock in a report on Friday, September 12th. Keefe, Bruyette & Woods reduced their price target on shares of Fidelity National Information Services from $88.00 to $85.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 1st. JPMorgan Chase & Co. lowered their target price on shares of Fidelity National Information Services from $85.00 to $80.00 and set an “overweight” rating for the company in a report on Thursday, November 6th. Stephens lowered their price objective on shares of Fidelity National Information Services from $100.00 to $90.00 and set an “overweight” rating for the company in a research note on Thursday, October 16th. Finally, UBS Group raised their price objective on Fidelity National Information Services from $82.00 to $83.00 and gave the stock a “buy” rating in a research report on Thursday, November 6th. Twelve equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Fidelity National Information Services presently has an average rating of “Moderate Buy” and an average price target of $85.41.

Fidelity National Information Services Stock Performance

Shares of Fidelity National Information Services stock opened at $62.66 on Thursday. Fidelity National Information Services, Inc. has a one year low of $59.51 and a one year high of $86.71. The company has a market cap of $32.45 billion, a price-to-earnings ratio of 348.11 and a beta of 1.01. The business’s 50 day moving average price is $65.72 and its 200 day moving average price is $73.09. 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 (NYSE:FIS) last issued its quarterly earnings data on Wednesday, November 5th. The information technology services provider reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.48 by $0.03. The firm had revenue of $2.72 billion for the quarter, compared to analyst estimates of $2.65 billion. Fidelity National Information Services had a net margin of 1.09% and a return on equity of 18.73%. Fidelity National Information Services’s revenue was up 5.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.40 EPS. Fidelity National Information Services has set its FY 2025 guidance at 5.740-5.780 EPS. On average, research analysts predict that Fidelity National Information Services, Inc. will post 5.74 EPS for the current year.

Fidelity National Information Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 23rd. Shareholders of record on Tuesday, December 9th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Tuesday, December 9th. This represents a $1.60 annualized dividend and a dividend yield of 2.6%. Fidelity National Information Services’s dividend payout ratio (DPR) is presently 592.59%.

Insider Buying and Selling

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein purchased 889 shares of Fidelity National Information Services stock in a transaction that occurred 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 transaction, 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 purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.21% of the stock is currently owned by company 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.