Assetmark Inc. Grows Holdings in Fidelity National Information Services, Inc. $FIS

Assetmark Inc. grew its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 140.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 183,000 shares of the information technology services provider’s stock after buying an additional 107,013 shares during the quarter. Assetmark Inc.’s holdings in Fidelity National Information Services were worth $14,898,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Dodge & Cox boosted its stake in shares of Fidelity National Information Services by 1.4% during the 1st quarter. Dodge & Cox now owns 34,808,298 shares of the information technology services provider’s stock valued at $2,599,484,000 after buying an additional 480,771 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Fidelity National Information Services by 4.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 10,712,794 shares of the information technology services provider’s stock valued at $800,032,000 after buying an additional 419,199 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Fidelity National Information Services by 0.3% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 10,126,213 shares of the information technology services provider’s stock valued at $755,928,000 after buying an additional 31,626 shares during the last quarter. Invesco Ltd. boosted its stake in shares of Fidelity National Information Services by 22.9% during the 1st quarter. Invesco Ltd. now owns 9,304,011 shares of the information technology services provider’s stock valued at $694,824,000 after buying an additional 1,730,878 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC boosted its stake in shares of Fidelity National Information Services by 17.4% during the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 6,666,499 shares of the information technology services provider’s stock valued at $497,854,000 after buying an additional 986,646 shares during the last quarter. 96.23% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on FIS. Jefferies Financial Group reduced their target price on Fidelity National Information Services from $75.00 to $70.00 and set a “hold” rating for the company in a research note on Tuesday, October 14th. KeyCorp restated a “hold” rating on shares of Fidelity National Information Services in a research note on Wednesday, October 22nd. Truist Financial reduced their price objective on Fidelity National Information Services from $75.00 to $72.00 and set a “hold” rating on the stock in a research note on Friday, October 24th. Keefe, Bruyette & Woods reduced their price objective on Fidelity National Information Services from $88.00 to $85.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 1st. Finally, Robert W. Baird raised their price objective on Fidelity National Information Services from $82.00 to $86.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 16th. Thirteen analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Fidelity National Information Services presently has a consensus rating of “Moderate Buy” and a consensus price target of $87.94.

Fidelity National Information Services Stock Up 0.2%

Fidelity National Information Services stock opened at $62.49 on Friday. The company has a 50-day simple moving average of $66.94 and a 200-day simple moving average of $74.23. The firm has a market capitalization of $32.64 billion, a P/E ratio of 347.19 and a beta of 1.05. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.59 and a current ratio of 0.59. Fidelity National Information Services, Inc. has a one year low of $59.51 and a one year high of $91.98.

Fidelity National Information Services (NYSE:FIS) last released 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. The business had revenue of $2.62 billion during the quarter, compared to analyst estimates of $2.57 billion. Fidelity National Information Services had a net margin of 1.09% and a return on equity of 18.73%. The company’s quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.36 earnings per share. 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. As a group, equities analysts expect that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current year.

Fidelity National Information Services Dividend Announcement

The company also recently declared 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 annualized dividend and a dividend yield of 2.6%. Fidelity National Information Services’s dividend payout ratio is currently 888.89%.

Insider Activity at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein purchased 889 shares of the stock in a transaction dated 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 transaction, the director owned 13,588 shares of the company’s stock, valued at approximately $919,364.08. The trade was a 7.00% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.21% of the company’s stock.

Fidelity National Information Services 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.