KBC Group NV Sells 1,073,380 Shares of Fidelity National Information Services, Inc. $FIS

KBC Group NV trimmed its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 90.5% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 113,258 shares of the information technology services provider’s stock after selling 1,073,380 shares during the period. KBC Group NV’s holdings in Fidelity National Information Services were worth $9,220,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Cullen Investment Group LTD. boosted its holdings in Fidelity National Information Services by 10.4% in the second quarter. Cullen Investment Group LTD. now owns 58,464 shares of the information technology services provider’s stock worth $4,760,000 after acquiring an additional 5,521 shares in the last quarter. Brighton Jones LLC acquired a new position in shares of Fidelity National Information Services during the fourth quarter worth approximately $347,000. Truist Financial Corp lifted its holdings in shares of Fidelity National Information Services by 6.6% in the 2nd quarter. Truist Financial Corp now owns 74,869 shares of the information technology services provider’s stock worth $6,095,000 after purchasing an additional 4,619 shares in the last quarter. Hilltop National Bank bought a new position in shares of Fidelity National Information Services in the 2nd quarter worth $1,616,000. Finally, Vise Technologies Inc. bought a new stake in Fidelity National Information Services during the 2nd quarter valued at $3,581,000. Institutional investors and hedge funds own 96.23% of the company’s stock.

Insider Transactions at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein acquired 889 shares of the firm’s stock in a transaction that occurred on Wednesday, October 15th. The stock was acquired at an average price of $67.66 per share, for a total transaction of $60,149.74. Following the completion of the acquisition, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.21% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on FIS shares. Royal Bank Of Canada dropped their price objective on shares of Fidelity National Information Services from $93.00 to $86.00 and set an “outperform” rating on the stock in a research note on Thursday, November 6th. UBS Group raised their price target on shares of Fidelity National Information Services from $82.00 to $83.00 and gave the company a “buy” rating in a research report on Thursday, November 6th. JPMorgan Chase & Co. cut their price target on Fidelity National Information Services from $85.00 to $80.00 and set an “overweight” rating for the company in a research note on Thursday, November 6th. Citigroup raised Fidelity National Information Services to a “hold” rating in a report on Thursday, October 23rd. Finally, Stephens dropped their target price on 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. Twelve investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $85.53.

Fidelity National Information Services Price Performance

Fidelity National Information Services stock opened at $64.16 on Friday. Fidelity National Information Services, Inc. has a 52 week low of $59.51 and a 52 week high of $88.63. The company’s 50 day moving average price is $66.00 and its two-hundred day moving average price is $73.45. The stock has a market cap of $33.22 billion, a P/E ratio of 356.45 and a beta of 1.01. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.63.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings results on Wednesday, November 5th. The information technology services provider reported $1.51 EPS for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $2.65 billion. During the same period last year, the business posted $1.40 earnings per share. Fidelity National Information Services’s 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, equities analysts predict that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current year.

Fidelity National Information Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 23rd. Investors 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 annualized dividend and a yield of 2.5%. Fidelity National Information Services’s dividend payout ratio is presently 592.59%.

About Fidelity National Information Services

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.