Great Lakes Retirement Inc. Has $2.17 Million Stock Holdings in Fidelity National Information Services, Inc. $FIS

Great Lakes Retirement Inc. lifted its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 7.6% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 26,627 shares of the information technology services provider’s stock after buying an additional 1,876 shares during the quarter. Great Lakes Retirement Inc.’s holdings in Fidelity National Information Services were worth $2,168,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of FIS. Baupost Group LLC MA acquired a new stake in shares of Fidelity National Information Services during the 1st quarter worth about $260,853,000. Nuveen LLC acquired a new stake in shares of Fidelity National Information Services in the first quarter valued at approximately $187,514,000. Invesco Ltd. raised its position in shares of Fidelity National Information Services by 22.9% in the first 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 in the last quarter. Hotchkis & Wiley Capital Management LLC raised its position in shares of Fidelity National Information Services by 17.4% in the first 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 in the last quarter. Finally, Hawk Ridge Capital Management LP raised its position in shares of Fidelity National Information Services by 647.7% in the first quarter. Hawk Ridge Capital Management LP now owns 1,062,280 shares of the information technology services provider’s stock valued at $79,331,000 after buying an additional 920,200 shares in the last quarter. Institutional investors and hedge funds own 96.23% of the company’s stock.

Insiders Place Their Bets

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein bought 889 shares of Fidelity National Information Services stock in a transaction on Wednesday, October 15th. The shares were purchased at an average cost of $67.66 per share, with a total value of $60,149.74. Following the acquisition, the director directly owned 13,588 shares of the company’s stock, valued at $919,364.08. The trade was a 7.00% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.21% of the stock is owned by insiders.

Fidelity National Information Services Trading Up 0.2%

FIS opened at $62.49 on Friday. Fidelity National Information Services, Inc. has a fifty-two week low of $59.51 and a fifty-two week high of $91.98. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.59 and a quick ratio of 0.59. The firm has a market capitalization of $32.64 billion, a price-to-earnings ratio of 347.19 and a beta of 1.05. The company’s 50 day moving average price is $66.94 and its two-hundred day moving average price is $74.23.

Fidelity National Information Services (NYSE:FIS) last posted its earnings results on Tuesday, August 5th. The information technology services provider reported $1.36 earnings per share for the quarter, hitting analysts’ consensus estimates 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 analyst estimates 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% 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. As a group, research analysts predict that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current year.

Fidelity National Information Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 23rd. Shareholders of record on Tuesday, December 9th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend is Tuesday, December 9th. Fidelity National Information Services’s payout ratio is presently 888.89%.

Analyst Upgrades and Downgrades

FIS has been the topic of several recent analyst reports. KeyCorp reissued a “hold” rating on shares of Fidelity National Information Services in a report on Wednesday, October 22nd. 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. Citigroup raised shares of Fidelity National Information Services to a “hold” rating in a report on Thursday, October 23rd. Truist Financial decreased their target price on shares of Fidelity National Information Services from $75.00 to $72.00 and set a “hold” rating on the stock in a report on Friday, October 24th. Finally, Keefe, Bruyette & Woods decreased their target price on shares of Fidelity National Information Services from $88.00 to $85.00 and set an “outperform” rating on the stock in a report on Wednesday, October 1st. Thirteen analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $87.94.

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.