NorthRock Partners LLC Purchases 1,216 Shares of Fidelity National Information Services, Inc. $FIS

NorthRock Partners LLC increased its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 18.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 7,956 shares of the information technology services provider’s stock after buying an additional 1,216 shares during the quarter. NorthRock Partners LLC’s holdings in Fidelity National Information Services were worth $648,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. Monetary Management Group Inc. grew its holdings in shares of Fidelity National Information Services by 2.8% during the first quarter. Monetary Management Group Inc. now owns 4,960 shares of the information technology services provider’s stock worth $370,000 after buying an additional 135 shares in the last quarter. Phoenix Wealth Advisors grew its stake in Fidelity National Information Services by 0.4% in the first quarter. Phoenix Wealth Advisors now owns 30,861 shares of the information technology services provider’s stock valued at $2,305,000 after purchasing an additional 135 shares in the last quarter. CX Institutional grew its stake in Fidelity National Information Services by 2.3% in the second quarter. CX Institutional now owns 6,317 shares of the information technology services provider’s stock valued at $514,000 after purchasing an additional 140 shares in the last quarter. Stonebrook Private Inc. grew its stake in Fidelity National Information Services by 0.6% in the first quarter. Stonebrook Private Inc. now owns 24,424 shares of the information technology services provider’s stock valued at $1,824,000 after purchasing an additional 146 shares in the last quarter. Finally, Private Trust Co. NA grew its stake in Fidelity National Information Services by 9.9% in the first quarter. Private Trust Co. NA now owns 1,660 shares of the information technology services provider’s stock valued at $124,000 after purchasing an additional 149 shares in the last quarter. 96.23% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on FIS shares. Keefe, Bruyette & Woods decreased 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 raised 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. Truist Financial raised 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. UBS Group upgraded Fidelity National Information Services from a “neutral” rating to a “buy” rating and set a $82.00 price target for the company in a research note on Tuesday, September 30th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Fidelity National Information Services in a research note on Wednesday, October 8th. Thirteen investment analysts have rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Fidelity National Information Services presently has an average rating of “Moderate Buy” and an average target price of $91.00.

Fidelity National Information Services Stock Performance

Shares of NYSE FIS opened at $67.76 on Wednesday. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.63. Fidelity National Information Services, Inc. has a 12 month low of $63.00 and a 12 month high of $91.98. The stock has a 50 day moving average of $68.16 and a 200-day moving average of $74.76. The company has a market capitalization of $35.40 billion, a P/E ratio of 376.47 and a beta of 1.05.

Fidelity National Information Services (NYSE:FIS) last issued its earnings results on Tuesday, August 5th. The information technology services provider reported $1.36 EPS for the quarter, hitting the consensus estimate 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 the consensus estimate of $2.57 billion. During the same period in the previous year, the company 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. As a group, equities research analysts predict that Fidelity National Information Services, Inc. will post 5.74 EPS for the current year.

Fidelity National Information Services Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 24th. Investors of record on Wednesday, September 10th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend 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 presently 888.89%.

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.