Mountain Pacific Investment Advisers LLC Sells 190,618 Shares of Fidelity National Information Services, Inc. $FIS

Mountain Pacific Investment Advisers LLC decreased its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 54.5% during the third quarter, Holdings Channel.com reports. The institutional investor owned 159,154 shares of the information technology services provider’s stock after selling 190,618 shares during the quarter. Fidelity National Information Services makes up approximately 1.6% of Mountain Pacific Investment Advisers LLC’s portfolio, making the stock its 17th biggest position. Mountain Pacific Investment Advisers LLC’s holdings in Fidelity National Information Services were worth $10,495,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently made changes to their positions in FIS. Vanguard Group Inc. grew its holdings in Fidelity National Information Services by 0.6% during the 2nd quarter. Vanguard Group Inc. now owns 63,019,323 shares of the information technology services provider’s stock worth $5,130,403,000 after acquiring an additional 376,499 shares in the last quarter. Dodge & Cox lifted its position in shares of Fidelity National Information Services by 1.3% in the 2nd quarter. Dodge & Cox now owns 35,274,497 shares of the information technology services provider’s stock worth $2,871,697,000 after purchasing an additional 466,199 shares during the period. Geode Capital Management LLC boosted its stake in shares of Fidelity National Information Services by 0.4% during the second quarter. Geode Capital Management LLC now owns 13,288,097 shares of the information technology services provider’s stock valued at $1,077,157,000 after purchasing an additional 48,968 shares in the last quarter. Boston Partners increased its holdings in Fidelity National Information Services by 10.5% during the second quarter. Boston Partners now owns 11,820,211 shares of the information technology services provider’s stock valued at $958,537,000 after buying an additional 1,122,181 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in Fidelity National Information Services by 1.0% in the second quarter. Charles Schwab Investment Management Inc. now owns 10,224,056 shares of the information technology services provider’s stock worth $832,141,000 after buying an additional 97,843 shares in the last quarter. 96.23% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Jeffrey A. Goldstein bought 941 shares of Fidelity National Information Services stock in a transaction that occurred on Thursday, January 15th. The stock was bought at an average price of $64.11 per share, for a total transaction of $60,327.51. Following the purchase, the director directly owned 14,529 shares of the company’s stock, valued at approximately $931,454.19. The trade was a 6.93% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.21% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts have issued reports on the company. Compass Point dropped their target price on Fidelity National Information Services from $90.00 to $81.00 and set a “buy” rating on the stock in a research report on Tuesday, January 13th. Keefe, Bruyette & Woods dropped their price objective on Fidelity National Information Services from $88.00 to $85.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 1st. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $70.00 target price on shares of Fidelity National Information Services in a report on Thursday, January 15th. JPMorgan Chase & Co. lowered their price target on shares of Fidelity National Information Services from $85.00 to $80.00 and set an “overweight” rating on the stock in a report on Thursday, November 6th. Finally, Jefferies Financial Group decreased their target price 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. Eleven investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $79.94.

Fidelity National Information Services Stock Performance

FIS opened at $60.59 on Thursday. The company has a market cap of $31.37 billion, a P/E ratio of 224.39, a price-to-earnings-growth ratio of 0.89 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. The firm’s 50-day moving average price is $65.50 and its 200-day moving average price is $68.63. 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 for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $2.65 billion. During the same quarter in the previous year, the firm earned $1.40 EPS. Fidelity National Information Services’s 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. As a group, equities analysts anticipate that Fidelity National Information Services, Inc. will post 5.74 EPS for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 23rd. Stockholders of record on Tuesday, December 9th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Tuesday, December 9th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.6%. Fidelity National Information Services’s payout ratio is 592.59%.

About Fidelity National Information Services

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.