Level Four Advisory Services LLC Trims Stake in Fidelity National Information Services, Inc. $FIS

Level Four Advisory Services LLC lessened its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 94.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,521 shares of the information technology services provider’s stock after selling 39,997 shares during the quarter. Level Four Advisory Services LLC’s holdings in Fidelity National Information Services were worth $205,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. NewSquare Capital LLC increased its position in Fidelity National Information Services by 115.1% during the 2nd quarter. NewSquare Capital LLC now owns 357 shares of the information technology services provider’s stock worth $29,000 after purchasing an additional 191 shares in the last quarter. Cary Street Partners Investment Advisory LLC lifted its stake in shares of 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 valued at $33,000 after buying an additional 223 shares during the period. Valued Wealth Advisors LLC acquired a new stake in Fidelity National Information Services during the second quarter worth approximately $42,000. GFG Capital LLC purchased a new stake in Fidelity National Information Services in the 2nd quarter worth approximately $43,000. Finally, Wealth Preservation Advisors LLC acquired a new position in Fidelity National Information Services in the 1st quarter valued at $50,000. 96.23% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

FIS has been the topic of a number of research analyst reports. Weiss Ratings reissued a “sell (d)” rating on shares of Fidelity National Information Services in a research note on Wednesday, October 8th. KeyCorp reissued a “hold” rating on shares of Fidelity National Information Services in a research report on Wednesday, October 22nd. Citigroup upgraded shares of Fidelity National Information Services to a “hold” rating in a report on Thursday, October 23rd. Truist Financial decreased their price objective on shares of Fidelity National Information Services from $72.00 to $70.00 and set a “hold” rating for the company in a research note on Wednesday, November 19th. Finally, Stephens cut their target price on shares of Fidelity National Information Services from $100.00 to $90.00 and set an “overweight” rating on the stock in a research note on Thursday, October 16th. Twelve research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $85.41.

Fidelity National Information Services Stock Performance

Fidelity National Information Services stock opened at $66.80 on Wednesday. Fidelity National Information Services, Inc. has a 12-month low of $59.51 and a 12-month high of $85.86. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.53 and a quick ratio of 0.53. The company has a market capitalization of $34.59 billion, a price-to-earnings ratio of 247.41 and a beta of 0.92. The firm’s fifty day moving average price is $65.56 and its 200 day moving average price is $72.25.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings data on Wednesday, November 5th. The information technology services provider reported $1.51 earnings per share for the quarter, beating analysts’ consensus estimates of $1.48 by $0.03. Fidelity National Information Services had a net margin of 1.45% and a return on equity of 19.76%. The company had revenue of $2.72 billion during the quarter, compared to analysts’ expectations of $2.65 billion. During the same period in the prior year, the company posted $1.40 EPS. The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. Fidelity National Information Services has set its FY 2025 guidance at 5.740-5.780 EPS. On average, research analysts forecast that Fidelity National Information Services, Inc. will post 5.74 EPS for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 23rd. Shareholders of record on Tuesday, December 9th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date is Tuesday, December 9th. Fidelity National Information Services’s dividend payout ratio (DPR) is 592.59%.

Insider Transactions at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein purchased 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 owned 13,588 shares of the company’s stock, valued at $919,364.08. This represents a 7.00% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.21% of the stock is owned by corporate 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.