Donoghue Forlines LLC Acquires Shares of 33,341 Fidelity National Information Services, Inc. $FIS

Donoghue Forlines LLC bought a new position in Fidelity National Information Services, Inc. (NYSE:FIS) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 33,341 shares of the information technology services provider’s stock, valued at approximately $2,714,000.

Several other large investors have also recently modified their holdings of the stock. Dodge & Cox grew its position in 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 purchasing an additional 480,771 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Fidelity National Information Services by 0.4% during the second quarter. Geode Capital Management LLC now owns 13,288,097 shares of the information technology services provider’s stock valued at $1,077,157,000 after acquiring an additional 48,968 shares in the last quarter. Boston Partners raised its holdings in Fidelity National Information Services by 10.3% in the 2nd quarter. Boston Partners now owns 11,801,151 shares of the information technology services provider’s stock worth $956,986,000 after acquiring an additional 1,103,121 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in Fidelity National Information Services by 4.1% in 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 acquiring an additional 419,199 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Fidelity National Information Services by 0.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 10,126,213 shares of the information technology services provider’s stock worth $755,928,000 after purchasing an additional 31,626 shares in the last quarter. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Fidelity National Information Services Price Performance

NYSE FIS opened at $66.14 on Friday. The company has a 50-day moving average price of $66.09 and a 200-day moving average price of $73.55. Fidelity National Information Services, Inc. has a 52 week low of $59.51 and a 52 week high of $89.57. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $34.25 billion, a P/E ratio of 367.46 and a beta of 1.01.

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

Fidelity National Information Services Dividend Announcement

The business also recently announced 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 is Tuesday, December 9th. This represents a $1.60 annualized dividend and a yield of 2.4%. Fidelity National Information Services’s payout ratio is 592.59%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Keefe, Bruyette & Woods lowered their price target on 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. Truist Financial lowered 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 research note on Friday, October 24th. JPMorgan Chase & Co. dropped their price target on shares of Fidelity National Information Services from $85.00 to $80.00 and set an “overweight” rating on the stock in a report on Thursday, November 6th. Royal Bank Of Canada decreased their price objective on shares of Fidelity National Information Services from $93.00 to $86.00 and set an “outperform” rating for the company in a report on Thursday, November 6th. Finally, Citigroup upgraded shares of Fidelity National Information Services to a “hold” rating in a research report on Thursday, October 23rd. Twelve research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $85.53.

Insider Buying and Selling at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein acquired 889 shares of the business’s stock in a transaction that occurred on Wednesday, October 15th. The stock was bought at an average cost of $67.66 per share, for a total transaction of $60,149.74. Following 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 position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.21% of the stock is currently owned by insiders.

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.