Paradigm Asset Management Co. LLC Buys 20,200 Shares of Fidelity National Information Services, Inc. $FIS

Paradigm Asset Management Co. LLC grew its stake in Fidelity National Information Services, Inc. (NYSE:FIS) by 2,817.3% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,917 shares of the information technology services provider’s stock after buying an additional 20,200 shares during the quarter. Paradigm Asset Management Co. LLC’s holdings in Fidelity National Information Services were worth $1,703,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in FIS. Savant Capital LLC increased its holdings in Fidelity National Information Services by 11.8% during the 2nd quarter. Savant Capital LLC now owns 48,609 shares of the information technology services provider’s stock worth $3,957,000 after purchasing an additional 5,118 shares in the last quarter. Twin Capital Management Inc. boosted its position in shares of Fidelity National Information Services by 1.6% during the second quarter. Twin Capital Management Inc. now owns 36,211 shares of the information technology services provider’s stock worth $2,948,000 after buying an additional 583 shares during the period. Souders Financial Advisors bought a new position in shares of Fidelity National Information Services during the second quarter worth about $220,000. Andra AP fonden raised its position in Fidelity National Information Services by 40.2% in the 2nd quarter. Andra AP fonden now owns 135,200 shares of the information technology services provider’s stock valued at $11,007,000 after buying an additional 38,800 shares during the last quarter. Finally, Resona Asset Management Co. Ltd. lifted its stake in Fidelity National Information Services by 15.1% in the 2nd quarter. Resona Asset Management Co. Ltd. now owns 201,777 shares of the information technology services provider’s stock valued at $16,409,000 after acquiring an additional 26,480 shares in the last quarter. 96.23% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

FIS has been the subject of several recent research reports. Susquehanna reduced their target price on shares of 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. Royal Bank Of Canada decreased their target price on Fidelity National Information Services from $93.00 to $86.00 and set an “outperform” rating on the stock in a report on Thursday. Jefferies Financial Group cut their price target on Fidelity National Information Services from $75.00 to $70.00 and set a “hold” rating for the company in a report on Tuesday, October 14th. KeyCorp reiterated a “hold” rating on shares of Fidelity National Information Services in a report on Wednesday, October 22nd. Finally, Citigroup raised shares of Fidelity National Information Services to a “hold” rating in a report on Thursday, October 23rd. Twelve research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $85.53.

Fidelity National Information Services Trading Up 0.1%

Shares of FIS stock opened at $64.72 on Friday. The stock has a market cap of $33.81 billion, a P/E ratio of 359.56 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 $89.57. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.63. The stock has a 50 day simple moving average of $66.31 and a 200 day simple moving average of $73.92.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings data on Wednesday, November 5th. The information technology services provider reported $1.51 EPS for the quarter, topping analysts’ consensus estimates of $1.48 by $0.03. The firm had revenue of $2.72 billion for the quarter, compared to analyst estimates of $2.65 billion. Fidelity National Information Services had a return on equity of 18.73% and a net margin of 1.09%.The company’s revenue was up 5.7% on a year-over-year basis. During the same quarter last year, the company earned $1.40 EPS. Fidelity National Information Services has set its FY 2025 guidance at 5.740-5.780 EPS. On average, research analysts predict that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 23rd. Investors of record on Tuesday, December 9th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Tuesday, December 9th. This represents a $1.60 annualized dividend and a yield of 2.5%. Fidelity National Information Services’s dividend payout ratio is currently 888.89%.

Insider Activity at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein bought 889 shares of the stock in a transaction on Wednesday, October 15th. The stock was purchased at an average price of $67.66 per share, with a total value of $60,149.74. Following the completion of the purchase, the director owned 13,588 shares in the company, valued at $919,364.08. The trade was a 7.00% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Company 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.