Wealth Enhancement Advisory Services LLC Has $7.20 Million Stake in Fidelity National Information Services, Inc. $FIS

Wealth Enhancement Advisory Services LLC cut its position in Fidelity National Information Services, Inc. (NYSE:FIS) by 13.8% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 105,081 shares of the information technology services provider’s stock after selling 16,812 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Fidelity National Information Services were worth $7,199,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. NewSquare Capital LLC grew its position in Fidelity National Information Services by 115.1% during the second quarter. NewSquare Capital LLC now owns 357 shares of the information technology services provider’s stock worth $29,000 after buying an additional 191 shares in the last quarter. Valued Wealth Advisors LLC acquired a new stake in Fidelity National Information Services in the second quarter valued at approximately $42,000. GFG Capital LLC bought a new position in shares of Fidelity National Information Services in the 2nd quarter valued at $43,000. Steigerwald Gordon & Koch Inc. acquired a new stake in shares of Fidelity National Information Services during the third quarter valued at about $37,000. Finally, FNY Investment Advisers LLC acquired a new stake in Fidelity National Information Services during the 2nd quarter worth approximately $54,000. Institutional investors and hedge funds own 96.23% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on FIS shares. Stephens reduced their price target on Fidelity National Information Services from $90.00 to $85.00 and set an “overweight” rating on the stock in a research report on Friday, January 16th. Jefferies Financial Group lowered their target price on Fidelity National Information Services from $75.00 to $70.00 and set a “hold” rating on the stock in a research report on Tuesday, October 14th. UBS Group raised their price target 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. Keefe, Bruyette & Woods lowered their target price on shares of Fidelity National Information Services from $88.00 to $85.00 and set an “outperform” rating for the company in a report on Wednesday, October 1st. Finally, Truist Financial decreased their price target on Fidelity National Information Services from $72.00 to $70.00 and set a “hold” rating for the company in a research report on Wednesday, November 19th. Eleven research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $79.94.

Fidelity National Information Services Price Performance

FIS stock opened at $60.51 on Friday. 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, Inc. has a 12-month low of $59.51 and a 12-month high of $83.97. The stock has a market capitalization of $31.33 billion, a price-to-earnings ratio of 224.09, a PEG ratio of 0.90 and a beta of 0.93. The firm’s 50-day moving average price is $65.33 and its two-hundred day moving average price is $68.36.

Fidelity National Information Services (NYSE:FIS) last announced 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 revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.40 EPS. Fidelity National Information Services has set its FY 2025 guidance at 5.740-5.780 EPS. As a group, equities analysts predict that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current year.

Fidelity National Information Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 23rd. Shareholders of record on Tuesday, December 9th were paid a dividend of $0.40 per share. The ex-dividend date was Tuesday, December 9th. This represents a $1.60 dividend on an annualized basis and a yield of 2.6%. Fidelity National Information Services’s 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 that occurred on Thursday, January 15th. The stock was bought at an average price of $64.11 per share, with a total value of $60,327.51. Following the completion of the transaction, 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 ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.21% of the stock is currently owned by insiders.

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.