Los Angeles Capital Management LLC Has $204,000 Stake in Fidelity National Information Services, Inc. $FIS

Los Angeles Capital Management LLC cut its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 49.7% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 2,509 shares of the information technology services provider’s stock after selling 2,479 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Fidelity National Information Services were worth $204,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Brighton Jones LLC bought a new stake in Fidelity National Information Services in the fourth quarter valued at approximately $347,000. Larson Financial Group LLC boosted its stake in shares of Fidelity National Information Services by 270.7% in the 1st quarter. Larson Financial Group LLC now owns 1,101 shares of the information technology services provider’s stock valued at $82,000 after purchasing an additional 804 shares during the last quarter. Kestra Private Wealth Services LLC boosted its stake in shares of Fidelity National Information Services by 11.7% in the 1st quarter. Kestra Private Wealth Services LLC now owns 9,724 shares of the information technology services provider’s stock valued at $726,000 after purchasing an additional 1,016 shares during the last quarter. Teachers Retirement System of The State of Kentucky increased its position in shares of Fidelity National Information Services by 0.8% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 141,258 shares of the information technology services provider’s stock worth $10,549,000 after buying an additional 1,164 shares during the period. Finally, Peterson Wealth Services lifted its holdings in Fidelity National Information Services by 9.3% in the first quarter. Peterson Wealth Services now owns 22,886 shares of the information technology services provider’s stock valued at $1,709,000 after buying an additional 1,949 shares during the period. Institutional investors and hedge funds own 96.23% of the company’s stock.

Fidelity National Information Services Stock Performance

Shares of FIS stock opened at $63.95 on Tuesday. 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 firm has a fifty day simple moving average of $65.90 and a two-hundred day simple moving average of $73.28. Fidelity National Information Services, Inc. has a 12 month low of $59.51 and a 12 month high of $88.55. The firm has a market capitalization of $33.12 billion, a PE ratio of 355.29 and a beta of 1.01.

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

Fidelity National Information Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 23rd. Stockholders of record on Tuesday, December 9th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Tuesday, December 9th. This represents a $1.60 annualized dividend and a dividend yield of 2.5%. Fidelity National Information Services’s dividend payout ratio is 592.59%.

Insider Buying and Selling at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein bought 889 shares of the business’s stock in a transaction that occurred on Wednesday, October 15th. The shares were bought at an average price of $67.66 per share, with a total value of $60,149.74. Following the completion of the transaction, the director directly owned 13,588 shares in the company, valued at approximately $919,364.08. This represents a 7.00% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.21% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on FIS shares. Stephens decreased their price target on Fidelity National Information Services from $100.00 to $90.00 and set an “overweight” rating for the company in a report on Thursday, October 16th. UBS Group boosted their price target on Fidelity National Information Services from $82.00 to $83.00 and gave the company a “buy” rating in a research note on Thursday, November 6th. Wells Fargo & Company assumed coverage on Fidelity National Information Services in a report on Wednesday, October 22nd. They set an “overweight” rating and a $81.00 price target on the stock. Royal Bank Of Canada lowered their price objective on shares of Fidelity National Information Services from $93.00 to $86.00 and set an “outperform” rating for the company in a research note on Thursday, November 6th. Finally, Keefe, Bruyette & Woods decreased their price target on shares of 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. Twelve research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $85.53.

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.