Metis Global Partners LLC Decreases Holdings in Fidelity National Information Services, Inc. $FIS

Metis Global Partners LLC trimmed its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 8.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,327 shares of the information technology services provider’s stock after selling 2,204 shares during the quarter. Metis Global Partners LLC’s holdings in Fidelity National Information Services were worth $1,980,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the company. Brighton Jones LLC bought a new stake in shares of Fidelity National Information Services during the 4th quarter valued at about $347,000. Greenleaf Trust lifted its stake in shares of Fidelity National Information Services by 12.1% in the 1st quarter. Greenleaf Trust now owns 4,244 shares of the information technology services provider’s stock worth $317,000 after purchasing an additional 457 shares during the period. Allworth Financial LP boosted its holdings in shares of Fidelity National Information Services by 30.2% in the first quarter. Allworth Financial LP now owns 3,455 shares of the information technology services provider’s stock worth $276,000 after buying an additional 801 shares during the last quarter. Alps Advisors Inc. grew its position in Fidelity National Information Services by 1.3% during the first quarter. Alps Advisors Inc. now owns 26,435 shares of the information technology services provider’s stock valued at $1,974,000 after buying an additional 345 shares during the period. Finally, Arizona State Retirement System increased its holdings in Fidelity National Information Services by 1.4% during the first quarter. Arizona State Retirement System now owns 157,992 shares of the information technology services provider’s stock valued at $11,799,000 after buying an additional 2,208 shares during the last quarter. Institutional investors own 96.23% of the company’s stock.

Fidelity National Information Services Stock Up 0.1%

NYSE FIS opened at $64.72 on Monday. Fidelity National Information Services, Inc. has a 12 month low of $59.51 and a 12 month high of $89.57. 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 stock has a market cap of $33.51 billion, a PE ratio of 359.56 and a beta of 1.01. The stock’s 50 day moving average is $66.31 and its 200 day moving average is $73.84.

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 (EPS) for the quarter, beating the consensus estimate of $1.48 by $0.03. Fidelity National Information Services had a net margin of 1.09% and a return on equity of 18.73%. The firm had revenue of $2.72 billion for the quarter, compared to analysts’ expectations of $2.65 billion. During the same quarter last year, the business posted $1.40 earnings per share. The company’s revenue for the quarter 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. Research analysts predict that Fidelity National Information Services, Inc. will post 5.74 EPS for the current fiscal year.

Fidelity National Information Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 23rd. Stockholders of record on Tuesday, December 9th will be given a dividend of $0.40 per share. The ex-dividend date is Tuesday, December 9th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.5%. Fidelity National Information Services’s dividend payout ratio (DPR) is presently 592.59%.

Wall Street Analyst Weigh In

FIS has been the topic of several analyst reports. Stephens dropped 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 research note on Thursday, October 16th. Keefe, Bruyette & Woods decreased their target price on Fidelity National Information Services from $88.00 to $85.00 and set an “outperform” rating on the stock in a report on Wednesday, October 1st. Truist Financial cut their price target on Fidelity National Information Services from $75.00 to $72.00 and set a “hold” rating for the company in a report on Friday, October 24th. Wells Fargo & Company initiated 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 on the stock. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Fidelity National Information Services in a research report on Wednesday, October 8th. Twelve 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. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $85.53.

Insider Activity

In other news, Director Jeffrey A. Goldstein bought 889 shares of the firm’s stock in a transaction that occurred on Wednesday, October 15th. The shares were bought at an average cost of $67.66 per share, for a total transaction of $60,149.74. Following the completion of the transaction, the director owned 13,588 shares of the company’s stock, valued at approximately $919,364.08. This represents a 7.00% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 0.21% of the company’s stock.

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.