WASHINGTON TRUST Co Acquires 897 Shares of Fidelity National Information Services, Inc. $FIS

WASHINGTON TRUST Co increased its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 1.0% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 89,928 shares of the information technology services provider’s stock after purchasing an additional 897 shares during the period. WASHINGTON TRUST Co’s holdings in Fidelity National Information Services were worth $7,321,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Dodge & Cox increased its stake in Fidelity National Information Services by 1.4% during the first quarter. Dodge & Cox now owns 34,808,298 shares of the information technology services provider’s stock worth $2,599,484,000 after acquiring an additional 480,771 shares during the last quarter. Geode Capital Management LLC boosted its position in Fidelity National Information Services by 0.4% during the 2nd 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 acquiring an additional 48,968 shares in the last quarter. Boston Partners boosted its holdings in shares of Fidelity National Information Services by 10.3% in the 2nd quarter. Boston Partners now owns 11,801,151 shares of the information technology services provider’s stock valued at $956,986,000 after buying an additional 1,103,121 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in Fidelity National Information Services by 4.1% in the first quarter. Goldman Sachs Group Inc. now owns 10,712,794 shares of the information technology services provider’s stock valued at $800,032,000 after buying an additional 419,199 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Fidelity National Information Services by 0.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 10,126,213 shares of the information technology services provider’s stock valued at $755,928,000 after purchasing an additional 31,626 shares during the last quarter. Institutional investors own 96.23% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Fidelity National Information Services in a research report on Wednesday, October 8th. Keefe, Bruyette & Woods decreased their price target on Fidelity National Information Services from $88.00 to $85.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 1st. Wells Fargo & Company initiated coverage on Fidelity National Information Services in a research report on Wednesday, October 22nd. They set an “overweight” rating and a $81.00 price objective for the company. KeyCorp reissued a “hold” rating on shares of Fidelity National Information Services in a research note on Wednesday, October 22nd. Finally, Susquehanna dropped their price objective on shares of Fidelity National Information Services from $81.00 to $77.00 and set a “neutral” rating for the company in a research note on Friday, September 12th. Twelve equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $85.53.

Insider Activity at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein bought 889 shares of the stock in a transaction dated Wednesday, October 15th. The shares were bought at an average price of $67.66 per share, for a total transaction of $60,149.74. Following the completion of the purchase, the director owned 13,588 shares in the company, valued at approximately $919,364.08. This trade represents a 7.00% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.21% of the company’s stock.

Fidelity National Information Services Stock Down 0.7%

FIS traded down $0.47 on Thursday, reaching $65.76. 288,986 shares of the company traded hands, compared to its average volume of 3,764,031. The company has a market cap of $34.05 billion, a price-to-earnings ratio of 366.81 and a beta of 1.01. Fidelity National Information Services, Inc. has a 52-week low of $59.51 and a 52-week high of $89.57. 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 stock’s 50 day moving average price is $66.14 and its 200-day moving average price is $73.60.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings results on Wednesday, November 5th. The information technology services provider reported $1.51 EPS for the quarter, beating the consensus estimate 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%.The company’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter last year, the company posted $1.40 earnings per share. Fidelity National Information Services has set its FY 2025 guidance at 5.740-5.780 EPS. On average, sell-side analysts expect that Fidelity National Information Services, Inc. will post 5.74 EPS for the current fiscal year.

Fidelity National Information Services Announces Dividend

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

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.