Banco Bilbao Vizcaya Argentaria S.A. Reduces Holdings in Fidelity National Information Services, Inc. $FIS

Banco Bilbao Vizcaya Argentaria S.A. reduced its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 6.0% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 259,374 shares of the information technology services provider’s stock after selling 16,435 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Fidelity National Information Services were worth $21,114,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in FIS. Baupost Group LLC MA acquired a new stake in shares of Fidelity National Information Services during the 1st quarter worth approximately $260,853,000. Nuveen LLC purchased a new stake in shares of Fidelity National Information Services in the first quarter valued at approximately $187,514,000. Invesco Ltd. raised its stake in shares of Fidelity National Information Services by 22.9% during the 1st quarter. Invesco Ltd. now owns 9,304,011 shares of the information technology services provider’s stock worth $694,824,000 after buying an additional 1,730,878 shares during the period. Boston Partners lifted its position in shares of Fidelity National Information Services by 10.3% during the 2nd quarter. Boston Partners now owns 11,801,151 shares of the information technology services provider’s stock valued at $956,986,000 after buying an additional 1,103,121 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC increased its holdings 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 worth $497,854,000 after acquiring an additional 986,646 shares in the last quarter. 96.23% of the stock is owned by institutional investors and hedge funds.

Fidelity National Information Services Stock Down 0.1%

Shares of NYSE FIS opened at $66.14 on Friday. The stock has a market capitalization of $34.25 billion, a price-to-earnings ratio of 367.46 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. The firm has a 50-day moving average price of $66.09 and a 200 day moving average price of $73.55. Fidelity National Information Services, Inc. has a 52 week low of $59.51 and a 52 week high of $89.57.

Fidelity National Information Services (NYSE:FIS) last announced its earnings results on Wednesday, November 5th. The information technology services provider reported $1.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.48 by $0.03. Fidelity National Information Services had a net margin of 1.09% and a return on equity of 18.73%. The company had revenue of $2.72 billion during the quarter, compared to analysts’ expectations of $2.65 billion. During the same quarter in the previous year, the business posted $1.40 earnings per share. The firm’s quarterly revenue was up 5.7% compared to the same quarter last year. Fidelity National Information Services has set its FY 2025 guidance at 5.740-5.780 EPS. Equities research analysts anticipate that Fidelity National Information Services, Inc. will post 5.74 EPS for the current fiscal year.

Fidelity National Information Services Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 23rd. Investors of record on Tuesday, December 9th will be given a $0.40 dividend. This represents a $1.60 annualized dividend 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 (DPR) is 592.59%.

Insiders Place Their Bets

In other news, Director Jeffrey A. Goldstein purchased 889 shares of the company’s stock in a transaction on Wednesday, October 15th. The stock was bought at an average cost of $67.66 per share, for a total transaction of $60,149.74. Following the completion of the purchase, the director directly owned 13,588 shares of the company’s stock, valued at $919,364.08. The trade was a 7.00% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.21% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Wells Fargo & Company began coverage on Fidelity National Information Services in a research note on Wednesday, October 22nd. They issued an “overweight” rating and a $81.00 price objective for the company. Stephens lowered their price objective on Fidelity National Information Services from $100.00 to $90.00 and set an “overweight” rating for the company in a research report on Thursday, October 16th. JPMorgan Chase & Co. decreased their price target on Fidelity National Information Services from $85.00 to $80.00 and set an “overweight” rating on the stock in a research note on Thursday, November 6th. Weiss Ratings restated a “sell (d)” rating on shares of Fidelity National Information Services in a report on Wednesday, October 8th. Finally, Jefferies Financial Group dropped their price target on shares of Fidelity National Information Services from $75.00 to $70.00 and set a “hold” rating for the company in a research report on Tuesday, October 14th. Twelve equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $85.53.

About Fidelity National Information Services

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.