Fidelity National Information Services, Inc. $FIS Shares Sold by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co reduced its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 18.9% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 36,593 shares of the information technology services provider’s stock after selling 8,526 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Fidelity National Information Services were worth $2,979,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in FIS. Monetary Management Group Inc. boosted its holdings in Fidelity National Information Services by 2.8% in the first quarter. Monetary Management Group Inc. now owns 4,960 shares of the information technology services provider’s stock valued at $370,000 after purchasing an additional 135 shares in the last quarter. Phoenix Wealth Advisors boosted its holdings in shares of Fidelity National Information Services by 0.4% in the 1st quarter. Phoenix Wealth Advisors now owns 30,861 shares of the information technology services provider’s stock valued at $2,305,000 after buying an additional 135 shares in the last quarter. CX Institutional grew its position in shares of Fidelity National Information Services by 2.3% in the 2nd quarter. CX Institutional now owns 6,317 shares of the information technology services provider’s stock valued at $514,000 after buying an additional 140 shares during the last quarter. Dorsey & Whitney Trust CO LLC raised its stake in Fidelity National Information Services by 4.2% during the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 4,010 shares of the information technology services provider’s stock worth $299,000 after acquiring an additional 160 shares in the last quarter. Finally, Wealthspire Advisors LLC lifted its position in Fidelity National Information Services by 3.1% in the second quarter. Wealthspire Advisors LLC now owns 5,426 shares of the information technology services provider’s stock valued at $442,000 after acquiring an additional 162 shares during the last quarter. Institutional investors and hedge funds own 96.23% of the company’s stock.

Analyst Upgrades and Downgrades

FIS has been the topic of a number of research analyst reports. UBS Group lifted their target price 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. Jefferies Financial Group dropped their price target 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. Susquehanna reduced 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 note on Friday, September 12th. 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. Finally, JPMorgan Chase & Co. cut their target price on shares of Fidelity National Information Services from $85.00 to $80.00 and set an “overweight” rating on the stock in a report on Thursday, November 6th. Twelve investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $85.41.

Fidelity National Information Services Trading Down 0.4%

NYSE:FIS opened at $65.42 on Thursday. Fidelity National Information Services, Inc. has a 12-month low of $59.51 and a 12-month high of $86.03. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.63. The stock’s 50 day simple moving average is $65.46 and its 200-day simple moving average is $72.64. The firm has a market cap of $33.88 billion, a P/E ratio of 363.46 and a beta of 1.01.

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, beating analysts’ consensus estimates 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 quarterly revenue was up 5.7% on a year-over-year basis. During the same period last year, the firm posted $1.40 EPS. Fidelity National Information Services has set its FY 2025 guidance at 5.740-5.780 EPS. Equities analysts anticipate that Fidelity National Information Services, Inc. will post 5.74 EPS for the current year.

Fidelity National Information Services Announces Dividend

The firm 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 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 is 592.59%.

Insider Activity

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein purchased 889 shares of Fidelity National Information Services stock in a transaction dated 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 acquisition, the director directly owned 13,588 shares of the company’s stock, valued at $919,364.08. This represents a 7.00% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.21% of the company’s stock.

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.