Fidelity National Information Services, Inc. $FIS Shares Bought by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. grew its position in Fidelity National Information Services, Inc. (NYSE:FIS) by 1.7% in the second quarter, HoldingsChannel reports. The fund owned 256,876 shares of the information technology services provider’s stock after acquiring an additional 4,417 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Fidelity National Information Services were worth $20,912,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Monetary Management Group Inc. boosted its position in Fidelity National Information Services by 2.8% during the first quarter. Monetary Management Group Inc. now owns 4,960 shares of the information technology services provider’s stock worth $370,000 after purchasing an additional 135 shares in the last quarter. Phoenix Wealth Advisors increased its holdings in Fidelity National Information Services by 0.4% in the 1st quarter. Phoenix Wealth Advisors now owns 30,861 shares of the information technology services provider’s stock worth $2,305,000 after acquiring an additional 135 shares in the last quarter. CX Institutional lifted its holdings in Fidelity National Information Services by 2.3% during the second quarter. CX Institutional now owns 6,317 shares of the information technology services provider’s stock valued at $514,000 after purchasing an additional 140 shares in the last quarter. Dorsey & Whitney Trust CO LLC lifted its holdings in Fidelity National Information Services by 4.2% during the first quarter. Dorsey & Whitney Trust CO LLC now owns 4,010 shares of the information technology services provider’s stock valued at $299,000 after purchasing an additional 160 shares in the last quarter. Finally, Meeder Asset Management Inc. increased its stake in shares of Fidelity National Information Services by 92.1% during the first quarter. Meeder Asset Management Inc. now owns 342 shares of the information technology services provider’s stock worth $26,000 after purchasing an additional 164 shares in the last quarter. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Insider Activity at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein acquired 889 shares of the firm’s stock in a transaction that occurred on Wednesday, October 15th. The shares were purchased at an average cost of $67.66 per share, for a total transaction of $60,149.74. Following the completion of the acquisition, 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 position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.21% of the company’s stock.

Fidelity National Information Services Stock Performance

Shares of Fidelity National Information Services stock opened at $64.16 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.59 and a current ratio of 0.59. The business’s 50 day moving average price is $66.00 and its 200 day moving average price is $73.45. The company has a market cap of $33.22 billion, a price-to-earnings ratio of 356.45 and a beta of 1.01. Fidelity National Information Services, Inc. has a one year low of $59.51 and a one year high of $88.63.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings results on Wednesday, November 5th. The information technology services provider reported $1.51 EPS for the quarter, topping the consensus estimate of $1.48 by $0.03. Fidelity National Information Services had a return on equity of 18.73% and a net margin of 1.09%.The business had revenue of $2.72 billion for the quarter, compared to analyst estimates of $2.65 billion. During the same quarter in the previous year, the firm earned $1.40 EPS. The company’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. On average, research analysts predict that Fidelity National Information Services, Inc. will post 5.74 EPS 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 issued a dividend of $0.40 per share. The ex-dividend date is Tuesday, December 9th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.5%. Fidelity National Information Services’s dividend payout ratio (DPR) is currently 592.59%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Truist Financial decreased their price target 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. Jefferies Financial Group decreased their target price on Fidelity National Information Services from $75.00 to $70.00 and set a “hold” rating on the stock in a research report on Tuesday, October 14th. Stephens lowered their price target on Fidelity National Information Services from $100.00 to $90.00 and set an “overweight” rating on the stock in a research note on Thursday, October 16th. Wells Fargo & Company began coverage on Fidelity National Information Services in a research note on Wednesday, October 22nd. They issued an “overweight” rating and a $81.00 price objective for the company. Finally, Citigroup upgraded 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 given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Fidelity National Information Services presently has a consensus rating of “Hold” and an average target price of $85.53.

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.