SPC Financial Inc. Sells 1,527 Shares of Fidelity National Information Services, Inc. $FIS

SPC Financial Inc. trimmed its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 33.5% during the second quarter, HoldingsChannel reports. The firm owned 3,037 shares of the information technology services provider’s stock after selling 1,527 shares during the quarter. SPC Financial Inc.’s holdings in Fidelity National Information Services were worth $247,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FIS. Baupost Group LLC MA bought a new position in shares of Fidelity National Information Services during the first quarter worth $260,853,000. Nuveen LLC bought a new position in shares of Fidelity National Information Services during the first quarter worth $187,514,000. Invesco Ltd. boosted its position in shares of Fidelity National Information Services by 22.9% during the first quarter. Invesco Ltd. now owns 9,304,011 shares of the information technology services provider’s stock worth $694,824,000 after purchasing an additional 1,730,878 shares in the last quarter. Hotchkis & Wiley Capital Management LLC boosted its position in shares of Fidelity National Information Services by 17.4% during the first quarter. Hotchkis & Wiley Capital Management LLC now owns 6,666,499 shares of the information technology services provider’s stock worth $497,854,000 after purchasing an additional 986,646 shares in the last quarter. Finally, Hawk Ridge Capital Management LP boosted its position in shares of Fidelity National Information Services by 647.7% during the first quarter. Hawk Ridge Capital Management LP now owns 1,062,280 shares of the information technology services provider’s stock worth $79,331,000 after purchasing an additional 920,200 shares in the last quarter. 96.23% of the stock is owned by institutional investors.

Analysts Set New Price Targets

FIS has been the topic of a number of recent analyst reports. Truist Financial lifted their price target on shares of Fidelity National Information Services from $84.00 to $85.00 and gave the stock a “hold” rating in a research report on Thursday, July 17th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Fidelity National Information Services in a research report on Wednesday, October 8th. UBS Group raised shares of Fidelity National Information Services from a “neutral” rating to a “buy” rating and set a $82.00 price objective on the stock in a research report on Tuesday, September 30th. Robert W. Baird boosted their price objective on shares of Fidelity National Information Services from $82.00 to $86.00 and gave the company a “neutral” rating in a research report on Wednesday, July 16th. Finally, Susquehanna cut their price objective on shares of Fidelity National Information Services from $81.00 to $77.00 and set a “neutral” rating on the stock in a research report on Friday, September 12th. Thirteen research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $91.00.

Fidelity National Information Services Trading Down 2.5%

Shares of NYSE:FIS opened at $66.86 on Monday. The company’s 50-day moving average price is $68.48 and its two-hundred day moving average price is $74.85. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.59 and a quick ratio of 0.59. Fidelity National Information Services, Inc. has a one year low of $63.00 and a one year high of $91.98. The stock has a market capitalization of $34.93 billion, a PE ratio of 371.47 and a beta of 1.05.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings results on Tuesday, August 5th. The information technology services provider reported $1.36 EPS for the quarter, hitting the consensus estimate of $1.36. Fidelity National Information Services had a net margin of 1.09% and a return on equity of 18.73%. The firm had revenue of $2.62 billion for the quarter, compared to analysts’ expectations of $2.57 billion. During the same period in the previous year, the firm posted $1.36 EPS. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. 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. On average, equities analysts forecast that Fidelity National Information Services, Inc. will post 5.74 EPS for the current fiscal year.

Fidelity National Information Services Announces Dividend

The firm 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. The ex-dividend date of this dividend was Wednesday, September 10th. This represents a $1.60 annualized dividend and a yield of 2.4%. 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.