Alta Advisers Ltd Takes Position in Fidelity National Information Services, Inc. $FIS

Alta Advisers Ltd bought a new stake in Fidelity National Information Services, Inc. (NYSE:FIS) during the second quarter, Holdings Channel reports. The institutional investor bought 2,673 shares of the information technology services provider’s stock, valued at approximately $218,000.

A number of other large investors also recently made changes to their positions in the business. CWM LLC increased its holdings in shares of Fidelity National Information Services by 166.2% in the 2nd quarter. CWM LLC now owns 35,237 shares of the information technology services provider’s stock valued at $2,869,000 after purchasing an additional 21,999 shares during the period. OFI Invest Asset Management increased its holdings in shares of Fidelity National Information Services by 56.1% in the 2nd quarter. OFI Invest Asset Management now owns 1,380 shares of the information technology services provider’s stock valued at $112,000 after purchasing an additional 496 shares during the period. Vanguard Personalized Indexing Management LLC grew its stake in shares of Fidelity National Information Services by 36.2% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 66,210 shares of the information technology services provider’s stock valued at $5,391,000 after buying an additional 17,611 shares in the last quarter. Apollon Wealth Management LLC grew its stake in shares of Fidelity National Information Services by 21.8% in the 2nd quarter. Apollon Wealth Management LLC now owns 6,174 shares of the information technology services provider’s stock valued at $503,000 after buying an additional 1,107 shares in the last quarter. Finally, Aberdeen Group plc grew its stake in shares of Fidelity National Information Services by 4.8% in the 2nd quarter. Aberdeen Group plc now owns 688,018 shares of the information technology services provider’s stock valued at $55,678,000 after buying an additional 31,298 shares in the last quarter. Institutional investors and hedge funds own 96.23% of the company’s stock.

Fidelity National Information Services Stock Down 2.5%

Shares of Fidelity National Information Services stock opened at $66.86 on Friday. The stock has a market capitalization of $34.93 billion, a P/E ratio of 371.47 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 stock has a 50 day moving average price of $68.48 and a two-hundred day moving average price of $74.85. Fidelity National Information Services, Inc. has a 12-month low of $63.00 and a 12-month high of $91.98.

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

Fidelity National Information Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 24th. Stockholders of record on Wednesday, September 10th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend was Wednesday, September 10th. Fidelity National Information Services’s dividend payout ratio is currently 888.89%.

Wall Street Analysts Forecast Growth

FIS has been the subject of several recent research reports. Susquehanna lowered their price target on 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. Keefe, Bruyette & Woods lowered their price target 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. Robert W. Baird boosted their price target on Fidelity National Information Services from $82.00 to $86.00 and gave the company a “neutral” rating in a research note on Wednesday, July 16th. Weiss Ratings reissued a “sell (d)” rating on shares of Fidelity National Information Services in a research note on Wednesday. Finally, Truist Financial boosted their price target on Fidelity National Information Services from $84.00 to $85.00 and gave the company a “hold” rating in a research note on Thursday, July 17th. Thirteen investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $91.00.

About Fidelity National Information Services

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.