Envestnet Portfolio Solutions Inc. Trims Stock Position in Fidelity National Information Services, Inc. $FIS

Envestnet Portfolio Solutions Inc. lessened its position in Fidelity National Information Services, Inc. (NYSE:FIS) by 15.4% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 7,166 shares of the information technology services provider’s stock after selling 1,300 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Fidelity National Information Services were worth $583,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Sequoia Financial Advisors LLC raised its position in shares of Fidelity National Information Services by 54.4% in the second quarter. Sequoia Financial Advisors LLC now owns 9,607 shares of the information technology services provider’s stock valued at $782,000 after buying an additional 3,384 shares during the last quarter. Alta Advisers Ltd acquired a new position in shares of Fidelity National Information Services in the second quarter valued at approximately $218,000. CWM LLC raised its position in shares of Fidelity National Information Services by 166.2% in the second quarter. CWM LLC now owns 35,237 shares of the information technology services provider’s stock valued at $2,869,000 after buying an additional 21,999 shares during the last quarter. OFI Invest Asset Management raised its position in shares of Fidelity National Information Services by 56.1% in the second quarter. OFI Invest Asset Management now owns 1,380 shares of the information technology services provider’s stock valued at $112,000 after buying an additional 496 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC raised its position in shares of Fidelity National Information Services by 36.2% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 66,210 shares of the information technology services provider’s stock valued at $5,391,000 after buying an additional 17,611 shares during the last quarter. Institutional investors and hedge funds own 96.23% of the company’s stock.

Fidelity National Information Services Price Performance

FIS opened at $67.70 on Wednesday. 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 $63.00 and a 52-week high of $91.98. The company has a 50 day moving average of $67.80 and a two-hundred day moving average of $74.52. The company has a market cap of $35.36 billion, a P/E ratio of 376.10 and a beta of 1.05.

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 (EPS) for the quarter, hitting the consensus estimate of $1.36. Fidelity National Information Services had a net margin of 1.09% and a return on equity of 18.73%. The company had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $2.57 billion. During the same period in the previous year, the firm earned $1.36 earnings per share. Fidelity National Information Services’s revenue for the quarter was up 5.1% on a year-over-year basis. 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. On average, analysts expect that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current year.

Fidelity National Information Services Announces Dividend

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

Insider Transactions at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein acquired 889 shares of the firm’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 in the company, valued at $919,364.08. This represents a 7.00% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.21% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have recently weighed in on FIS. Weiss Ratings reissued a “sell (d)” rating on shares of Fidelity National Information Services in a research report on Wednesday, October 8th. Keefe, Bruyette & Woods dropped their price target on shares of Fidelity National Information Services from $88.00 to $85.00 and set an “outperform” rating for the company in a research report on Wednesday, October 1st. 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. Susquehanna dropped their price target on shares of Fidelity National Information Services from $81.00 to $77.00 and set a “neutral” rating for the company in a research report on Friday, September 12th. Finally, Stephens dropped their price target on shares of 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. Thirteen investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Fidelity National Information Services currently has a consensus rating of “Moderate Buy” and an average target price of $89.33.

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.