State of New Jersey Common Pension Fund D Reduces Holdings in Fidelity National Information Services, Inc. $FIS

State of New Jersey Common Pension Fund D cut its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 2.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 178,998 shares of the information technology services provider’s stock after selling 3,719 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Fidelity National Information Services were worth $14,572,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of FIS. Baupost Group LLC MA purchased a new stake in Fidelity National Information Services during the 1st quarter valued at about $260,853,000. Nuveen LLC purchased a new stake in Fidelity National Information Services in the 1st quarter worth approximately $187,514,000. Invesco Ltd. lifted its holdings in Fidelity National Information Services by 22.9% in the 1st quarter. Invesco Ltd. now owns 9,304,011 shares of the information technology services provider’s stock worth $694,824,000 after buying an additional 1,730,878 shares during the period. Hotchkis & Wiley Capital Management LLC lifted its holdings in Fidelity National Information Services by 17.4% in the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 6,666,499 shares of the information technology services provider’s stock worth $497,854,000 after buying an additional 986,646 shares during the period. Finally, Hawk Ridge Capital Management LP lifted its holdings in Fidelity National Information Services by 647.7% in the 1st quarter. Hawk Ridge Capital Management LP now owns 1,062,280 shares of the information technology services provider’s stock worth $79,331,000 after buying an additional 920,200 shares during the period. 96.23% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Jeffrey A. Goldstein acquired 889 shares of Fidelity National Information Services stock in a transaction that occurred on Wednesday, October 15th. The stock was bought at an average price of $67.66 per share, with a total value of $60,149.74. Following the transaction, the director directly 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 acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.21% of the stock is currently owned by company insiders.

Fidelity National Information Services Trading Up 0.5%

FIS opened at $67.85 on Friday. The stock has a market cap of $35.44 billion, a PE ratio of 376.97 and a beta of 1.05. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.63. The business has a 50 day moving average of $67.56 and a 200-day moving average of $74.50. Fidelity National Information Services, Inc. has a 52 week low of $63.00 and a 52 week high of $91.98.

Fidelity National Information Services (NYSE:FIS) last released its earnings results on Tuesday, August 5th. The information technology services provider reported $1.36 EPS for the quarter, meeting analysts’ consensus estimates of $1.36. Fidelity National Information Services had a return on equity of 18.73% and a net margin of 1.09%.The company had revenue of $2.62 billion during the quarter, compared to analysts’ expectations of $2.57 billion. During the same quarter last year, the business posted $1.36 EPS. The firm’s revenue for the quarter was up 5.1% compared to the same quarter last year. 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. Equities research analysts predict that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current fiscal year.

Fidelity National Information Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 24th. Investors of record on Wednesday, September 10th were given 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 of this dividend was Wednesday, September 10th. Fidelity National Information Services’s dividend payout ratio (DPR) is 888.89%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Robert W. Baird increased their price objective on Fidelity National Information Services from $82.00 to $86.00 and gave the stock a “neutral” rating in a report on Wednesday, July 16th. Wells Fargo & Company assumed coverage on Fidelity National Information Services in a report on Wednesday. They issued an “overweight” rating and a $81.00 price objective for the company. UBS Group upgraded Fidelity National Information Services from a “neutral” rating to a “buy” rating and set a $82.00 price objective for the company in a report on Tuesday, September 30th. Weiss Ratings reiterated a “sell (d)” rating on shares of Fidelity National Information Services in a report on Saturday. Finally, Keefe, Bruyette & Woods lowered their target price on Fidelity National Information Services from $88.00 to $85.00 and set an “outperform” rating for the company in a research note on Wednesday, October 1st. Thirteen equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $87.94.

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.