Mutual of America Capital Management LLC Decreases Position in Fidelity National Information Services, Inc. $FIS

Mutual of America Capital Management LLC decreased its position in Fidelity National Information Services, Inc. (NYSE:FIS) by 2.2% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 60,256 shares of the information technology services provider’s stock after selling 1,346 shares during the period. Mutual of America Capital Management LLC’s holdings in Fidelity National Information Services were worth $4,905,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of FIS. Dodge & Cox lifted its stake in Fidelity National Information Services by 1.4% in the 1st quarter. Dodge & Cox now owns 34,808,298 shares of the information technology services provider’s stock valued at $2,599,484,000 after buying an additional 480,771 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of 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 acquiring an additional 419,199 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Fidelity National Information Services by 0.3% during 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 acquiring an additional 31,626 shares during the last quarter. Invesco Ltd. increased its position in Fidelity National Information Services by 22.9% during the 1st quarter. Invesco Ltd. now owns 9,304,011 shares of the information technology services provider’s stock worth $694,824,000 after purchasing an additional 1,730,878 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC raised its stake in Fidelity National Information Services by 17.4% in the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 6,666,499 shares of the information technology services provider’s stock valued at $497,854,000 after purchasing an additional 986,646 shares during the last quarter. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Fidelity National Information Services Stock Up 0.2%

Shares of NYSE FIS opened at $67.83 on Thursday. The stock has a market capitalization of $35.43 billion, a PE ratio of 376.85 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 firm has a fifty day moving average of $67.70 and a 200-day moving average of $74.47. Fidelity National Information Services, Inc. has a 52-week low of $63.00 and a 52-week high of $91.98.

Fidelity National Information Services (NYSE:FIS) last issued its earnings results on Tuesday, August 5th. The information technology services provider reported $1.36 earnings per share 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 business had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.57 billion. During the same period last year, the company posted $1.36 EPS. The business’s quarterly revenue was up 5.1% on a year-over-year basis. 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. On average, analysts anticipate 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 announced a quarterly dividend, which was paid on Wednesday, September 24th. Stockholders of record on Wednesday, September 10th were issued a dividend of $0.40 per share. The ex-dividend date was Wednesday, September 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.4%. Fidelity National Information Services’s payout ratio is presently 888.89%.

Insider Transactions at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein purchased 889 shares of the business’s stock in a transaction that occurred on Wednesday, October 15th. The shares were purchased at an average price of $67.66 per share, for a total transaction of $60,149.74. Following the completion of the acquisition, the director owned 13,588 shares of the company’s stock, valued at approximately $919,364.08. This represents a 7.00% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.21% of the company’s stock.

Wall Street Analyst Weigh In

FIS has been the subject of a number of recent research reports. Jefferies Financial Group lowered their price target on shares of Fidelity National Information Services from $75.00 to $70.00 and set a “hold” rating for the company in a report on Tuesday, October 14th. Robert W. Baird increased their price target on Fidelity National Information Services from $82.00 to $86.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 16th. Weiss Ratings restated a “sell (d)” rating on shares of Fidelity National Information Services in a report on Wednesday, October 8th. Stephens dropped their target price on Fidelity National Information Services from $100.00 to $90.00 and set an “overweight” rating for the company in a research note on Thursday, October 16th. Finally, Susquehanna reduced their target price on Fidelity National Information Services from $81.00 to $77.00 and set a “neutral” rating on the stock in a research report on Friday, September 12th. Thirteen research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $88.67.

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.