Fidelity National Information Services, Inc. $FIS Shares Acquired by Coldstream Capital Management Inc.

Coldstream Capital Management Inc. boosted its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 33.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,575 shares of the information technology services provider’s stock after purchasing an additional 3,382 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Fidelity National Information Services were worth $1,105,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of FIS. Cullen Investment Group LTD. grew its stake in shares of Fidelity National Information Services by 10.4% in the 2nd quarter. Cullen Investment Group LTD. now owns 58,464 shares of the information technology services provider’s stock valued at $4,760,000 after purchasing an additional 5,521 shares during the last quarter. Hilltop National Bank acquired a new stake in shares of Fidelity National Information Services during the second quarter worth $1,616,000. Brighton Jones LLC purchased a new position in Fidelity National Information Services in the 4th quarter valued at $347,000. Truist Financial Corp increased its stake in 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 valued at $6,095,000 after buying an additional 4,619 shares during the period. Finally, Vise Technologies Inc. purchased a new position in Fidelity National Information Services during the 2nd quarter worth $3,581,000. 96.23% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein purchased 889 shares of the stock in a transaction dated Wednesday, October 15th. The shares were acquired 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 directly owned 13,588 shares of the company’s stock, valued at $919,364.08. This trade represents a 7.00% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 0.21% of the stock is owned by corporate insiders.

Fidelity National Information Services Stock Performance

Shares of FIS stock opened at $65.64 on Wednesday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.59 and a current ratio of 0.59. The stock has a market cap of $33.99 billion, a PE ratio of 364.68 and a beta of 1.01. Fidelity National Information Services, Inc. has a 1 year low of $59.51 and a 1 year high of $86.03. The stock has a fifty day moving average price of $65.49 and a 200 day moving average price of $72.70.

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 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 business had revenue of $2.72 billion during 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 business’s revenue for the quarter 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. Sell-side analysts forecast that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current fiscal year.

Fidelity National Information Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 23rd. Shareholders of record on Tuesday, December 9th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Tuesday, December 9th. Fidelity National Information Services’s dividend payout ratio is 592.59%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on FIS. JPMorgan Chase & Co. dropped their price target on shares of Fidelity National Information Services from $85.00 to $80.00 and set an “overweight” rating on the stock in a research note on Thursday, November 6th. Jefferies Financial Group dropped their target price on Fidelity National Information Services from $75.00 to $70.00 and set a “hold” rating on the stock in a research report on Tuesday, October 14th. Susquehanna reduced their price target on Fidelity National Information Services from $81.00 to $77.00 and set a “neutral” rating for the company in a report on Friday, September 12th. Citigroup upgraded Fidelity National Information Services to a “hold” rating in a research note on Thursday, October 23rd. Finally, KeyCorp reiterated a “hold” rating on shares of Fidelity National Information Services in a research report on Wednesday, October 22nd. Twelve investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $85.41.

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.