Prudential PLC Sells 37,520 Shares of Fidelity National Information Services, Inc. $FIS

Prudential PLC trimmed its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 28.3% during the second quarter, HoldingsChannel reports. The fund owned 95,152 shares of the information technology services provider’s stock after selling 37,520 shares during the quarter. Prudential PLC’s holdings in Fidelity National Information Services were worth $7,746,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the business. Brighton Jones LLC acquired a new position in shares of Fidelity National Information Services during the fourth quarter worth $347,000. Kestra Private Wealth Services LLC lifted its holdings in Fidelity National Information Services by 11.7% during the 1st quarter. Kestra Private Wealth Services LLC now owns 9,724 shares of the information technology services provider’s stock worth $726,000 after buying an additional 1,016 shares during the period. HighPoint Advisor Group LLC grew its position in shares of Fidelity National Information Services by 16.1% in the 1st quarter. HighPoint Advisor Group LLC now owns 3,942 shares of the information technology services provider’s stock valued at $310,000 after buying an additional 548 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH grew its position in shares of Fidelity National Information Services by 9.5% in the 1st quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 432,518 shares of the information technology services provider’s stock valued at $32,300,000 after buying an additional 37,509 shares during the last quarter. Finally, KLP Kapitalforvaltning AS increased its stake in shares of Fidelity National Information Services by 5.1% in the first quarter. KLP Kapitalforvaltning AS now owns 208,867 shares of the information technology services provider’s stock valued at $15,598,000 after buying an additional 10,200 shares during the period. Institutional investors own 96.23% of the company’s stock.

Fidelity National Information Services Stock Performance

Shares of FIS stock opened at $62.43 on Friday. The firm has a 50 day moving average of $65.61 and a 200-day moving average of $73.02. The company has a market cap of $32.33 billion, a price-to-earnings ratio of 346.82 and a beta of 1.01. 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 $86.71.

Fidelity National Information Services (NYSE:FIS) last issued 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 business 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 prior year, the firm earned $1.40 earnings per share. Fidelity National Information Services has set its FY 2025 guidance at 5.740-5.780 EPS. On average, equities analysts forecast that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current year.

Fidelity National Information Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 23rd. Stockholders of record on Tuesday, December 9th will be paid a $0.40 dividend. The ex-dividend date 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 currently 592.59%.

Insider Buying and Selling

In other news, Director Jeffrey A. Goldstein bought 889 shares of the firm’s stock in a transaction that occurred on Wednesday, October 15th. The stock was acquired at an average cost of $67.66 per share, with a total value of $60,149.74. Following the transaction, 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 position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.21% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Keefe, Bruyette & Woods reduced their target price on Fidelity National Information Services from $88.00 to $85.00 and set an “outperform” rating on the stock in a report on Wednesday, October 1st. JPMorgan Chase & Co. dropped their price target on shares of Fidelity National Information Services from $85.00 to $80.00 and set an “overweight” rating on the stock in a research report on Thursday, November 6th. Royal Bank Of Canada decreased their price objective on shares of Fidelity National Information Services from $93.00 to $86.00 and set an “outperform” rating for the company in a research report on Thursday, November 6th. Jefferies Financial Group lowered their target price on shares of Fidelity National Information Services from $75.00 to $70.00 and set a “hold” rating for the company in a research note on Tuesday, October 14th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Fidelity National Information Services in a research report on Wednesday, October 8th. Twelve analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $85.41.

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.