North Star Asset Management Inc. Sells 4,951 Shares of Fidelity National Information Services, Inc. $FIS

North Star Asset Management Inc. reduced its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 2.4% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 205,591 shares of the information technology services provider’s stock after selling 4,951 shares during the quarter. North Star Asset Management Inc.’s holdings in Fidelity National Information Services were worth $16,737,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Brighton Jones LLC bought a new stake in Fidelity National Information Services during the 4th quarter valued at about $347,000. Assetmark Inc. increased its holdings in Fidelity National Information Services by 9.4% during the first quarter. Assetmark Inc. now owns 75,987 shares of the information technology services provider’s stock valued at $5,675,000 after buying an additional 6,553 shares during the last quarter. LPL Financial LLC boosted its stake in shares of Fidelity National Information Services by 2.7% during the 1st quarter. LPL Financial LLC now owns 222,706 shares of the information technology services provider’s stock worth $16,632,000 after acquiring an additional 5,883 shares during the last quarter. Inlet Private Wealth LLC grew its holdings in Fidelity National Information Services by 0.9% during the first quarter. Inlet Private Wealth LLC now owns 85,025 shares of the information technology services provider’s stock valued at $6,350,000 after purchasing an additional 800 shares during the period. Finally, Mackenzie Financial Corp increased its holdings in Fidelity National Information Services by 9.3% in the 1st quarter. Mackenzie Financial Corp now owns 555,434 shares of the information technology services provider’s stock worth $41,480,000 after acquiring an additional 47,162 shares in the last quarter. 96.23% of the stock is owned by institutional investors.

Fidelity National Information Services Price Performance

Shares of NYSE FIS opened at $64.38 on Tuesday. 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 business’s 50 day moving average price is $65.50 and its 200 day moving average price is $72.79. Fidelity National Information Services, Inc. has a 52 week low of $59.51 and a 52 week high of $86.03. The firm has a market cap of $33.34 billion, a P/E ratio of 357.70 and a beta of 1.01.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings results on Wednesday, November 5th. The information technology services provider reported $1.51 earnings per share for the quarter, beating the consensus estimate of $1.48 by $0.03. Fidelity National Information Services had a return on equity of 18.73% and a net margin of 1.09%.The company had revenue of $2.72 billion during the quarter, compared to analysts’ expectations of $2.65 billion. During the same period last year, the business earned $1.40 earnings per share. Fidelity National Information Services’s quarterly revenue was up 5.7% on a year-over-year basis. Fidelity National Information Services has set its FY 2025 guidance at 5.740-5.780 EPS. On average, sell-side analysts expect that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current 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 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Tuesday, December 9th. Fidelity National Information Services’s dividend payout ratio is currently 592.59%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Wells Fargo & Company started coverage on Fidelity National Information Services in a research note on Wednesday, October 22nd. They issued an “overweight” rating and a $81.00 price objective for the company. Citigroup raised shares of Fidelity National Information Services to a “hold” rating in a research note on Thursday, October 23rd. Susquehanna cut 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. KeyCorp reissued a “hold” rating on shares of Fidelity National Information Services in a research note on Wednesday, October 22nd. Finally, UBS Group boosted their target price on shares of 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. Twelve equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $85.41.

Insider Activity at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein bought 889 shares of the firm’s stock in a transaction on Wednesday, October 15th. The shares were acquired at an average cost of $67.66 per share, with a total value of $60,149.74. Following the purchase, the director directly owned 13,588 shares of the company’s stock, valued at $919,364.08. This trade represents a 7.00% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. 0.21% of the stock is owned by company insiders.

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.