Fidelity National Information Services (NYSE:FIS) Director Buys $60,327.51 in Stock

Fidelity National Information Services, Inc. (NYSE:FIS) Director Jeffrey Goldstein purchased 941 shares of the company’s stock in a transaction on Thursday, January 15th. The stock was acquired at an average cost of $64.11 per share, for a total transaction of $60,327.51. Following the completion of the purchase, the director owned 14,529 shares of the company’s stock, valued at approximately $931,454.19. This trade represents a 6.93% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Fidelity National Information Services Stock Performance

Shares of FIS stock opened at $61.26 on Friday. The firm has a 50 day moving average of $65.40 and a 200-day moving average of $68.58. The company has a market cap of $31.72 billion, a price-to-earnings ratio of 226.89, a price-to-earnings-growth ratio of 0.90 and a beta of 0.93. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.64. Fidelity National Information Services, Inc. has a 52 week low of $59.51 and a 52 week high of $83.97.

Fidelity National Information Services (NYSE:FIS) last released its earnings results on Wednesday, November 5th. The information technology services provider reported $1.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.48 by $0.03. The company had revenue of $2.72 billion for the quarter, compared to the consensus estimate of $2.65 billion. Fidelity National Information Services had a net margin of 1.45% and a return on equity of 19.76%. Fidelity National Information Services’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.40 EPS. 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 Announces Dividend

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

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in FIS. Hilltop National Bank bought a new position in Fidelity National Information Services in the 2nd quarter worth $1,616,000. Norges Bank purchased a new position in shares of Fidelity National Information Services during the second quarter valued at about $624,858,000. Brighton Jones LLC bought a new position in Fidelity National Information Services in the fourth quarter worth about $347,000. Truist Financial Corp lifted its holdings in Fidelity National Information Services by 6.6% in the second quarter. Truist Financial Corp now owns 74,869 shares of the information technology services provider’s stock worth $6,095,000 after buying an additional 4,619 shares during the period. Finally, Vise Technologies Inc. bought a new stake in Fidelity National Information Services during the 2nd quarter valued at approximately $3,581,000. 96.23% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. UBS Group raised their price objective on Fidelity National Information Services from $82.00 to $83.00 and gave the company a “buy” rating in a research note on Thursday, November 6th. Royal Bank Of Canada reduced their price target 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. Stephens lowered their price objective on shares of Fidelity National Information Services from $90.00 to $85.00 and set an “overweight” rating on the stock in a report on Friday, January 16th. KeyCorp reiterated a “hold” rating on shares of Fidelity National Information Services in a report on Wednesday, October 22nd. Finally, Wells Fargo & Company began coverage on shares of Fidelity National Information Services in a report on Wednesday, October 22nd. They issued an “overweight” rating and a $81.00 target price on the stock. Eleven research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $79.94.

Fidelity National Information Services Company Profile

Fidelity National Information Services (NYSE: FIS) is a global provider of financial technology solutions and services for banks, capital markets firms, merchants and corporations. The company develops and delivers software, processing, and outsourcing services that support core banking, payments and merchant acquiring, wealth and retirement platforms, risk and compliance, and trading and capital markets operations. Its offerings include cloud-based and on-premises core banking systems, card processing and gateway services, e-commerce and point-of-sale payment solutions, and a range of back-office and advisory services designed to automate and modernize financial operations.

FIS serves a broad international client base across North America, Europe, Latin America, and the Asia-Pacific region through a combination of direct clients and partner channels.