State Board of Administration of Florida Retirement System Has $44.13 Million Position in Fidelity National Information Services, Inc. $FIS

State Board of Administration of Florida Retirement System cut its stake in Fidelity National Information Services, Inc. (NYSE:FIS) by 1.7% in the 2nd quarter, Holdings Channel.com reports. The fund owned 542,006 shares of the information technology services provider’s stock after selling 9,411 shares during the quarter. State Board of Administration of Florida Retirement System’s holdings in Fidelity National Information Services were worth $44,125,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of FIS. Meeder Asset Management Inc. raised its stake in Fidelity National Information Services by 92.1% in the first quarter. Meeder Asset Management Inc. now owns 342 shares of the information technology services provider’s stock valued at $26,000 after purchasing an additional 164 shares in the last quarter. NewSquare Capital LLC increased its holdings in Fidelity National Information Services by 115.1% in the 2nd quarter. NewSquare Capital LLC now owns 357 shares of the information technology services provider’s stock valued at $29,000 after buying an additional 191 shares during the period. Cary Street Partners Investment Advisory LLC raised its position in shares of Fidelity National Information Services by 100.5% in the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 445 shares of the information technology services provider’s stock valued at $33,000 after buying an additional 223 shares in the last quarter. Valued Wealth Advisors LLC bought a new stake in shares of Fidelity National Information Services during the 2nd quarter worth approximately $42,000. Finally, GFG Capital LLC acquired a new stake in shares of Fidelity National Information Services during the 2nd quarter worth approximately $43,000. 96.23% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have weighed in on FIS. Keefe, Bruyette & Woods cut their target price on Fidelity National Information Services from $88.00 to $85.00 and set an “outperform” rating for the company in a research note on Wednesday, October 1st. Weiss Ratings reissued a “sell (d)” rating on shares of Fidelity National Information Services in a report on Wednesday, October 8th. Susquehanna reduced their price objective on Fidelity National Information Services from $81.00 to $77.00 and set a “neutral” rating on the stock in a research note on Friday, September 12th. UBS Group boosted their target price on Fidelity National Information Services from $82.00 to $83.00 and gave the stock a “buy” rating in a research note on Thursday, November 6th. Finally, Truist Financial dropped their target price on shares of Fidelity National Information Services from $72.00 to $70.00 and set a “hold” rating for the company in a report on Wednesday, November 19th. Twelve equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $85.41.

Fidelity National Information Services Price Performance

Fidelity National Information Services stock opened at $65.77 on Friday. The stock has a 50-day moving average price of $65.45 and a two-hundred day moving average price of $72.50. Fidelity National Information Services, Inc. has a 12 month low of $59.51 and a 12 month high of $86.03. The company has a market capitalization of $34.06 billion, a PE ratio of 365.41 and a beta of 1.01. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.63.

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

Fidelity National Information Services Dividend Announcement

The firm 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. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Tuesday, December 9th. Fidelity National Information Services’s payout ratio is 592.59%.

Insider Buying and Selling at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein acquired 889 shares of the firm’s stock in a transaction that occurred on Wednesday, October 15th. The stock was acquired 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 directly owned 13,588 shares of the company’s stock, valued at approximately $919,364.08. This trade represents a 7.00% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. 0.21% of the stock is currently owned by corporate insiders.

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.