Stoneridge Investment Partners LLC Takes $1.23 Million Position in Fidelity National Information Services, Inc. $FIS

Stoneridge Investment Partners LLC purchased a new stake in Fidelity National Information Services, Inc. (NYSE:FIS) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 18,586 shares of the information technology services provider’s stock, valued at approximately $1,226,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of 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 purchasing an additional 376,499 shares in the last quarter. Dodge & Cox grew its position in Fidelity National Information Services by 1.3% during the second quarter. Dodge & Cox now owns 35,274,497 shares of the information technology services provider’s stock worth $2,871,697,000 after buying an additional 466,199 shares in the last quarter. Geode Capital Management LLC grew its position in 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 worth $1,077,157,000 after buying an additional 48,968 shares in the last quarter. Boston Partners increased its stake in Fidelity National Information Services by 10.5% during the 2nd quarter. Boston Partners now owns 11,820,211 shares of the information technology services provider’s stock worth $958,537,000 after acquiring an additional 1,122,181 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in Fidelity National Information Services by 1.0% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 10,224,056 shares of the information technology services provider’s stock valued at $832,141,000 after acquiring an additional 97,843 shares in the last quarter. Institutional investors and hedge funds own 96.23% of the company’s stock.

Fidelity National Information Services Trading Down 1.3%

Shares of Fidelity National Information Services stock opened at $60.51 on Friday. The firm’s 50 day moving average is $65.33 and its 200 day moving average is $68.36. The firm has a market capitalization of $31.33 billion, a PE ratio of 224.09, a price-to-earnings-growth ratio of 0.90 and a beta of 0.93. Fidelity National Information Services, Inc. has a 1 year low of $59.51 and a 1 year high of $83.97. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.64.

Fidelity National Information Services (NYSE:FIS) last issued its earnings results 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. The firm had revenue of $2.72 billion for the quarter, compared to analyst estimates of $2.65 billion. Fidelity National Information Services had a net margin of 1.45% and a return on equity of 19.76%. The company’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter last 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 earnings per share for the current fiscal year.

Fidelity National Information Services Dividend Announcement

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

Insider Activity at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein purchased 941 shares of Fidelity National Information Services stock in a transaction dated Thursday, January 15th. The shares were bought at an average cost of $64.11 per share, for a total transaction of $60,327.51. Following the completion of the acquisition, the director owned 14,529 shares in the company, valued at approximately $931,454.19. This trade represents a 6.93% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.21% of the company’s stock.

Analyst Upgrades and Downgrades

FIS has been the topic of a number of recent analyst reports. Weiss Ratings restated a “sell (d)” rating on shares of Fidelity National Information Services in a research report on Thursday. Truist Financial decreased their target price on shares of Fidelity National Information Services from $72.00 to $70.00 and set a “hold” rating on the stock in a report on Wednesday, November 19th. UBS Group boosted their target price on shares of Fidelity National Information Services from $82.00 to $83.00 and gave the company a “buy” rating in a research report on Thursday, November 6th. Compass Point reduced their price target on shares of 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. Finally, KeyCorp restated a “hold” rating on shares of Fidelity National Information Services in a research report on Wednesday, October 22nd. Eleven equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company. Based on 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.