Nisa Investment Advisors LLC Increases Stock Holdings in Fidelity National Information Services, Inc. $FIS

Nisa Investment Advisors LLC increased its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 32.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 143,701 shares of the information technology services provider’s stock after buying an additional 34,882 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Fidelity National Information Services were worth $9,476,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in shares of Fidelity National Information Services by 0.6% during the 2nd quarter. Vanguard Group Inc. now owns 63,019,323 shares of the information technology services provider’s stock worth $5,130,403,000 after acquiring an additional 376,499 shares during the period. Dodge & Cox increased its position in Fidelity National Information Services by 1.3% during the second quarter. Dodge & Cox now owns 35,274,497 shares of the information technology services provider’s stock worth $2,871,697,000 after purchasing an additional 466,199 shares during the last quarter. Geode Capital Management LLC raised its stake in Fidelity National Information Services by 0.4% during the second quarter. Geode Capital Management LLC now owns 13,288,097 shares of the information technology services provider’s stock worth $1,077,157,000 after purchasing an additional 48,968 shares during the period. Boston Partners boosted its holdings in shares of Fidelity National Information Services by 10.5% in the 2nd quarter. Boston Partners now owns 11,820,211 shares of the information technology services provider’s stock valued at $958,537,000 after purchasing an additional 1,122,181 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Fidelity National Information Services by 1.0% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 10,224,056 shares of the information technology services provider’s stock valued at $832,141,000 after buying an additional 97,843 shares during the period. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Analysts Set New Price Targets

FIS has been the topic of several research reports. Citigroup raised Fidelity National Information Services to a “hold” rating in a research report on Thursday, October 23rd. Jefferies Financial Group cut their price objective on Fidelity National Information Services from $75.00 to $70.00 and set a “hold” rating on the stock in a report on Tuesday, October 14th. Weiss Ratings reiterated a “sell (d)” rating on shares of Fidelity National Information Services in a report on Wednesday, October 8th. Wells Fargo & Company assumed coverage on shares of Fidelity National Information Services in a research report on Wednesday, October 22nd. They set an “overweight” rating and a $81.00 target price for the company. Finally, Stephens cut their price target on shares of Fidelity National Information Services from $100.00 to $90.00 and set an “overweight” rating on the stock in a report on Thursday, October 16th. Eleven analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $84.44.

Insiders Place Their Bets

In other news, Director Jeffrey A. Goldstein acquired 889 shares of the business’s stock in a transaction 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 purchase, the director directly owned 13,588 shares of the company’s stock, valued at $919,364.08. This represents a 7.00% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.21% of the stock is currently owned by corporate insiders.

Fidelity National Information Services Price Performance

FIS opened at $66.84 on Friday. The company has a fifty day simple moving average of $65.74 and a 200 day simple moving average of $69.65. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.64. The firm has a market cap of $34.61 billion, a price-to-earnings ratio of 247.55 and a beta of 0.93. Fidelity National Information Services, Inc. has a twelve month low of $59.51 and a twelve month high of $83.97.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings results on Wednesday, November 5th. The information technology services provider reported $1.51 EPS for the quarter, topping the consensus estimate of $1.48 by $0.03. Fidelity National Information Services had a return on equity of 19.76% and a net margin of 1.45%.The business had revenue of $2.72 billion for the quarter, compared to analysts’ expectations of $2.65 billion. During the same quarter in the previous year, the firm posted $1.40 earnings per share. The company’s revenue was up 5.7% compared to the same quarter last year. Fidelity National Information Services has set its FY 2025 guidance at 5.740-5.780 EPS. Equities research analysts expect that Fidelity National Information Services, Inc. will post 5.74 EPS for the current fiscal year.

Fidelity National Information Services Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 23rd. Stockholders of record on Tuesday, December 9th were given a $0.40 dividend. The ex-dividend date of this dividend was Tuesday, December 9th. This represents a $1.60 annualized dividend and a dividend yield of 2.4%. Fidelity National Information Services’s payout ratio is presently 592.59%.

About Fidelity National Information Services

Fidelity National Information Services (NYSE: FIS) is a global provider of financial technology solutions and services for banks, capital markets firms, merchants and corporations. The company develops and delivers software, processing, and outsourcing services that support core banking, payments and merchant acquiring, wealth and retirement platforms, risk and compliance, and trading and capital markets operations. Its offerings include cloud-based and on-premises core banking systems, card processing and gateway services, e-commerce and point-of-sale payment solutions, and a range of back-office and advisory services designed to automate and modernize financial operations.

FIS serves a broad international client base across North America, Europe, Latin America, and the Asia-Pacific region through a combination of direct clients and partner channels.