2,979 Shares in Fidelity National Information Services, Inc. $FIS Acquired by Cidel Asset Management Inc.

Cidel Asset Management Inc. purchased a new position in Fidelity National Information Services, Inc. (NYSE:FIS) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 2,979 shares of the information technology services provider’s stock, valued at approximately $243,000.

Several other hedge funds have also made changes to their positions in the stock. Dodge & Cox increased its position in Fidelity National Information Services by 1.4% in the 1st quarter. Dodge & Cox now owns 34,808,298 shares of the information technology services provider’s stock valued at $2,599,484,000 after acquiring an additional 480,771 shares during the period. Goldman Sachs Group Inc. increased its position in Fidelity National Information Services by 4.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 10,712,794 shares of the information technology services provider’s stock valued at $800,032,000 after acquiring an additional 419,199 shares during the period. Charles Schwab Investment Management Inc. increased its position in Fidelity National Information Services by 0.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 10,126,213 shares of the information technology services provider’s stock valued at $755,928,000 after acquiring an additional 31,626 shares during the period. Invesco Ltd. increased its position in 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 acquiring an additional 1,730,878 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC increased its position in 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 valued at $497,854,000 after acquiring an additional 986,646 shares during the period. Institutional investors own 96.23% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on the company. UBS Group upgraded Fidelity National Information Services from a “neutral” rating to a “buy” rating and set a $82.00 target price on the stock in a research report on Tuesday, September 30th. Stephens lowered their target price on 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. 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 report on Wednesday, July 16th. 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 research report on Friday, September 12th. Finally, Keefe, Bruyette & Woods lowered their price target on 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. Thirteen research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $89.33.

Fidelity National Information Services Stock Performance

FIS opened at $67.95 on Tuesday. The firm has a market cap of $35.50 billion, a PE ratio of 377.52 and a beta of 1.05. 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 business has a fifty day simple moving average of $67.88 and a 200-day simple moving average of $74.56. Fidelity National Information Services, Inc. has a fifty-two week low of $63.00 and a fifty-two week high of $91.98.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings data on Tuesday, August 5th. The information technology services provider reported $1.36 earnings per share for the quarter, hitting the consensus estimate of $1.36. The business had revenue of $2.62 billion during the quarter, compared to analyst estimates of $2.57 billion. Fidelity National Information Services had a return on equity of 18.73% and a net margin of 1.09%.The company’s revenue was up 5.1% compared to the same quarter last year. During the same period last year, the company posted $1.36 EPS. Fidelity National Information Services has set its Q3 2025 guidance at 1.460-1.500 EPS. FY 2025 guidance at 5.720-5.800 EPS. As a group, equities analysts predict that Fidelity National Information Services, Inc. will post 5.74 EPS for the current fiscal year.

Fidelity National Information Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 24th. Stockholders of record on Wednesday, September 10th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Wednesday, September 10th. This represents a $1.60 annualized dividend and a dividend yield of 2.4%. Fidelity National Information Services’s dividend payout ratio (DPR) is currently 888.89%.

Insider Activity at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein bought 889 shares of the firm’s stock in a transaction dated Wednesday, October 15th. The stock was acquired at an average price of $67.66 per share, with a total value of $60,149.74. Following the completion of the transaction, the director directly owned 13,588 shares in the company, 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 currently owned by company insiders.

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.