Fidelity National Information Services, Inc. $FIS Shares Sold by Redmond Asset Management LLC

Redmond Asset Management LLC reduced its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 15.3% during the 2nd quarter, HoldingsChannel reports. The fund owned 2,775 shares of the information technology services provider’s stock after selling 500 shares during the period. Redmond Asset Management LLC’s holdings in Fidelity National Information Services were worth $226,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Mizuho Markets Americas LLC boosted its stake in shares of Fidelity National Information Services by 30.6% during the 2nd quarter. Mizuho Markets Americas LLC now owns 3,090,969 shares of the information technology services provider’s stock worth $251,636,000 after acquiring an additional 724,266 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in shares of Fidelity National Information Services by 3.5% during the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 88,817 shares of the information technology services provider’s stock worth $7,231,000 after acquiring an additional 3,000 shares in the last quarter. AustralianSuper Pty Ltd boosted its stake in shares of Fidelity National Information Services by 40.4% during the 2nd quarter. AustralianSuper Pty Ltd now owns 14,944 shares of the information technology services provider’s stock worth $1,217,000 after acquiring an additional 4,299 shares in the last quarter. Transcend Capital Advisors LLC boosted its stake in shares of Fidelity National Information Services by 54.7% during the 2nd quarter. Transcend Capital Advisors LLC now owns 5,578 shares of the information technology services provider’s stock worth $454,000 after acquiring an additional 1,973 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in shares of Fidelity National Information Services by 3.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,690,210 shares of the information technology services provider’s stock worth $137,600,000 after acquiring an additional 55,716 shares in the last quarter. 96.23% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on FIS. Robert W. Baird increased their target price on shares of 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. Susquehanna decreased their price target on shares of Fidelity National Information Services from $81.00 to $77.00 and set a “neutral” rating on the stock in a research note on Friday, September 12th. Truist Financial decreased their price target on shares of Fidelity National Information Services from $75.00 to $72.00 and set a “hold” rating on the stock in a research note on Friday, October 24th. Citigroup raised shares of Fidelity National Information Services to a “hold” rating in a research note on Thursday, October 23rd. Finally, KeyCorp reaffirmed a “hold” rating on shares of Fidelity National Information Services in a research note on Wednesday, October 22nd. Thirteen analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $87.94.

Fidelity National Information Services Stock Down 0.7%

FIS stock opened at $66.05 on Wednesday. The firm has a market cap of $34.51 billion, a PE ratio of 366.99 and a beta of 1.05. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.59 and a current ratio of 0.59. The firm’s 50 day moving average price is $67.43 and its 200-day moving average price is $74.45. Fidelity National Information Services, Inc. has a one year low of $63.00 and a one year high of $91.98.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings results on Tuesday, August 5th. The information technology services provider reported $1.36 EPS for the quarter, meeting the consensus estimate of $1.36. The firm had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.57 billion. Fidelity National Information Services had a net margin of 1.09% and a return on equity of 18.73%. The business’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.36 EPS. 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, equities research analysts anticipate that Fidelity National Information Services, Inc. will post 5.74 EPS for the current year.

Fidelity National Information Services Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 24th. Investors of record on Wednesday, September 10th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.4%. The ex-dividend date was Wednesday, September 10th. Fidelity National Information Services’s dividend payout ratio (DPR) is 888.89%.

Insiders Place Their Bets

In related news, Director Jeffrey A. Goldstein bought 889 shares of the company’s stock in a transaction that occurred on Wednesday, October 15th. The stock was purchased at an average price of $67.66 per share, for a total transaction of $60,149.74. Following the acquisition, the director owned 13,588 shares of the company’s stock, 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 SEC, which is available at this hyperlink. Company insiders own 0.21% of the company’s stock.

Fidelity National Information Services 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.