RBA Wealth Management LLC Buys 648 Shares of Fidelity National Information Services, Inc. $FIS

RBA Wealth Management LLC boosted its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 1.2% in the second quarter, HoldingsChannel reports. The firm owned 54,459 shares of the information technology services provider’s stock after purchasing an additional 648 shares during the period. RBA Wealth Management LLC’s holdings in Fidelity National Information Services were worth $4,434,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the company. Sierra Ocean LLC raised its holdings in Fidelity National Information Services by 356.0% in the 1st quarter. Sierra Ocean LLC now owns 342 shares of the information technology services provider’s stock worth $26,000 after purchasing an additional 267 shares in the last quarter. YANKCOM Partnership increased its stake in shares of Fidelity National Information Services by 118.8% in the 1st quarter. YANKCOM Partnership now owns 350 shares of the information technology services provider’s stock valued at $26,000 after purchasing an additional 190 shares in the last quarter. Meeder Asset Management Inc. boosted its holdings in shares of Fidelity National Information Services by 92.1% during the 1st quarter. Meeder Asset Management Inc. now owns 342 shares of the information technology services provider’s stock worth $26,000 after purchasing an additional 164 shares during the last quarter. Hazlett Burt & Watson Inc. increased its position in shares of Fidelity National Information Services by 179.9% during the first quarter. Hazlett Burt & Watson Inc. now owns 389 shares of the information technology services provider’s stock worth $29,000 after acquiring an additional 250 shares during the period. Finally, Kennebec Savings Bank boosted its stake in Fidelity National Information Services by 71.3% in the first quarter. Kennebec Savings Bank now owns 447 shares of the information technology services provider’s stock valued at $33,000 after acquiring an additional 186 shares in the last quarter. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on FIS. Robert W. Baird boosted their price objective on shares of Fidelity National Information Services from $82.00 to $86.00 and gave the stock a “neutral” rating in a report on Wednesday, July 16th. Keefe, Bruyette & Woods reduced their price target on shares of Fidelity National Information Services from $92.00 to $88.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 6th. UBS Group lowered their target price on shares of Fidelity National Information Services from $84.00 to $82.00 and set a “neutral” rating for the company in a research note on Wednesday, August 6th. Truist Financial increased their price target on shares of Fidelity National Information Services from $84.00 to $85.00 and gave the company a “hold” rating in a research note on Thursday, July 17th. Finally, Susquehanna decreased their target price on shares of Fidelity National Information Services from $81.00 to $77.00 and set a “neutral” rating on the stock in a report on Friday, September 12th. Twelve analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Fidelity National Information Services currently has a consensus rating of “Moderate Buy” and an average target price of $91.17.

Fidelity National Information Services Price Performance

Shares of NYSE:FIS opened at $64.21 on Friday. The firm’s 50 day moving average price is $71.23 and its 200-day moving average price is $75.28. The stock has a market capitalization of $33.54 billion, a PE ratio of 356.74 and a beta of 1.05. Fidelity National Information Services, Inc. has a twelve month low of $63.00 and a twelve month high of $91.98. 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 released its earnings results on Tuesday, August 5th. The information technology services provider reported $1.36 earnings per share for the quarter, hitting the consensus estimate of $1.36. Fidelity National Information Services had a return on equity of 18.73% and a net margin of 1.09%.The business had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $2.57 billion. During the same period last year, the company earned $1.36 earnings per share. The business’s revenue for the quarter was up 5.1% compared to the same quarter last year. Fidelity National Information Services has set its Q3 2025 guidance at 1.460-1.500 EPS. FY 2025 guidance at 5.720-5.800 EPS. Equities research analysts expect that Fidelity National Information Services, Inc. will post 5.74 EPS for the current year.

Fidelity National Information Services Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 24th. Shareholders of record on Wednesday, September 10th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend was Wednesday, September 10th. Fidelity National Information Services’s payout ratio is 888.89%.

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.