Jupiter Asset Management Ltd. Sells 160,302 Shares of Fidelity National Information Services, Inc. $FIS

Jupiter Asset Management Ltd. decreased its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 14.4% during the second quarter, HoldingsChannel.com reports. The firm owned 951,115 shares of the information technology services provider’s stock after selling 160,302 shares during the quarter. Jupiter Asset Management Ltd.’s holdings in Fidelity National Information Services were worth $77,430,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Meeder Asset Management Inc. raised its holdings in shares of Fidelity National Information Services by 92.1% in the first quarter. Meeder Asset Management Inc. now owns 342 shares of the information technology services provider’s stock valued at $26,000 after acquiring an additional 164 shares in the last quarter. Hazlett Burt & Watson Inc. boosted its stake in shares of Fidelity National Information Services by 179.9% during the first quarter. Hazlett Burt & Watson Inc. now owns 389 shares of the information technology services provider’s stock valued at $29,000 after purchasing an additional 250 shares in the last quarter. NewSquare Capital LLC increased its holdings in Fidelity National Information Services by 115.1% during the second quarter. NewSquare Capital LLC now owns 357 shares of the information technology services provider’s stock valued at $29,000 after buying an additional 191 shares during the period. Cary Street Partners Investment Advisory LLC lifted its holdings in Fidelity National Information Services by 100.5% during the first quarter. Cary Street Partners Investment Advisory LLC now owns 445 shares of the information technology services provider’s stock worth $33,000 after buying an additional 223 shares during the period. Finally, Valued Wealth Advisors LLC purchased a new stake in Fidelity National Information Services during the second quarter worth $42,000. Institutional investors own 96.23% of the company’s stock.

Fidelity National Information Services Price Performance

NYSE:FIS opened at $66.29 on Wednesday. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.59 and a quick ratio of 0.59. The company has a 50 day moving average price of $66.18 and a 200-day moving average price of $73.65. Fidelity National Information Services, Inc. has a 1-year low of $59.51 and a 1-year high of $89.57. The firm has a market cap of $34.33 billion, a price-to-earnings ratio of 368.27 and a beta of 1.01.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly 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. 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 return on equity of 18.73% and a net margin of 1.09%.Fidelity National Information Services’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.40 earnings per share. Fidelity National Information Services has set its FY 2025 guidance at 5.740-5.780 EPS. Equities research analysts forecast that Fidelity National Information Services, Inc. will post 5.74 EPS for the current year.

Fidelity National Information Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 23rd. Investors of record on Tuesday, December 9th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Tuesday, December 9th. Fidelity National Information Services’s dividend payout ratio is 592.59%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on FIS. Robert W. Baird raised their price target on shares of Fidelity National Information Services from $82.00 to $86.00 and gave the company a “neutral” rating in a report on Wednesday, July 16th. Stephens lowered their target price on shares of Fidelity National Information Services from $100.00 to $90.00 and set an “overweight” rating for the company in a research note on Thursday, October 16th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Fidelity National Information Services in a research report on Wednesday, October 8th. Wells Fargo & Company began coverage on Fidelity National Information Services in a research report on Wednesday, October 22nd. They issued an “overweight” rating and a $81.00 price objective for the company. Finally, Royal Bank Of Canada dropped their target price on Fidelity National Information Services from $93.00 to $86.00 and set an “outperform” rating on the stock in a research note on Thursday, November 6th. Twelve analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $85.53.

Insider Transactions at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein acquired 889 shares of the business’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 purchase, the director owned 13,588 shares in the company, valued at approximately $919,364.08. This represents a 7.00% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. 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.