Wealth Alliance LLC Purchases 844 Shares of Fidelity National Information Services, Inc. $FIS

Wealth Alliance LLC grew its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 9.4% in the second quarter, according to its most recent filing with the SEC. The fund owned 9,855 shares of the information technology services provider’s stock after acquiring an additional 844 shares during the quarter. Wealth Alliance LLC’s holdings in Fidelity National Information Services were worth $802,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in FIS. Boston Partners increased its holdings in Fidelity National Information Services by 10.3% in the second quarter. Boston Partners now owns 11,801,151 shares of the information technology services provider’s stock valued at $956,986,000 after buying an additional 1,103,121 shares in the last quarter. Vise Technologies Inc. acquired a new position in Fidelity National Information Services in the second quarter valued at about $3,581,000. Allworth Financial LP increased its holdings in Fidelity National Information Services by 27.7% in the 2nd quarter. Allworth Financial LP now owns 4,411 shares of the information technology services provider’s stock valued at $359,000 after purchasing an additional 956 shares during the last quarter. Midwest Trust Co purchased a new position in Fidelity National Information Services during the 2nd quarter valued at about $9,963,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of Fidelity National Information Services by 4.9% in the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,002,977 shares of the information technology services provider’s stock worth $81,652,000 after acquiring an additional 47,111 shares in the last quarter. Institutional investors own 96.23% of the company’s stock.

Fidelity National Information Services Trading Down 0.6%

Shares of FIS stock traded down $0.40 on Thursday, hitting $65.83. The stock had a trading volume of 73,292 shares, compared to its average volume of 3,763,303. The firm has a market cap of $34.09 billion, a P/E ratio of 365.74 and a beta of 1.01. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.63. The company has a fifty day moving average price of $66.14 and a two-hundred day moving average price of $73.60. Fidelity National Information Services, Inc. has a twelve month low of $59.51 and a twelve month high of $89.57.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings data on Wednesday, November 5th. The information technology services provider reported $1.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.48 by $0.03. The company had revenue of $2.72 billion for the quarter, compared to the consensus estimate of $2.65 billion. Fidelity National Information Services had a net margin of 1.09% and a return on equity of 18.73%. The firm’s revenue was up 5.7% compared to the same quarter last year. During the same period last year, the company earned $1.40 earnings per share. Fidelity National Information Services has set its FY 2025 guidance at 5.740-5.780 EPS. As a group, analysts forecast that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 23rd. Investors of record on Tuesday, December 9th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Tuesday, December 9th. Fidelity National Information Services’s dividend payout ratio (DPR) is 592.59%.

Insider Transactions at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein bought 889 shares of the firm’s stock in a transaction on Wednesday, October 15th. The shares were purchased at an average price of $67.66 per share, with a total value of $60,149.74. Following the completion of the purchase, the director owned 13,588 shares in the company, valued at $919,364.08. This represents a 7.00% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 0.21% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on FIS. KeyCorp restated a “hold” rating on shares of Fidelity National Information Services in a research report on Wednesday, October 22nd. Jefferies Financial Group reduced their price target on Fidelity National Information Services from $75.00 to $70.00 and set a “hold” rating for the company in a research report on Tuesday, October 14th. Susquehanna lowered their target price on Fidelity National Information Services from $81.00 to $77.00 and set a “neutral” rating on the stock in a report on Friday, September 12th. Royal Bank Of Canada decreased their price objective on Fidelity National Information Services from $93.00 to $86.00 and set an “outperform” rating for the company in a research report on Thursday, November 6th. Finally, JPMorgan Chase & Co. cut their target price on Fidelity National Information Services from $85.00 to $80.00 and set an “overweight” rating on the stock in a report on Thursday, November 6th. Twelve research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $85.53.

Fidelity National Information Services Company 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.