Norges Bank Invests $624.86 Million in Fidelity National Information Services, Inc. $FIS

Norges Bank acquired a new stake in Fidelity National Information Services, Inc. (NYSE:FIS) during the second quarter, Holdings Channel.com reports. The fund acquired 7,675,445 shares of the information technology services provider’s stock, valued at approximately $624,858,000.

Several other hedge funds and other institutional investors also recently modified their holdings of FIS. Monetary Management Group Inc. grew its position in Fidelity National Information Services by 2.8% in the first quarter. Monetary Management Group Inc. now owns 4,960 shares of the information technology services provider’s stock valued at $370,000 after acquiring an additional 135 shares during the last quarter. Phoenix Wealth Advisors boosted its position in Fidelity National Information Services by 0.4% in the first quarter. Phoenix Wealth Advisors now owns 30,861 shares of the information technology services provider’s stock valued at $2,305,000 after buying an additional 135 shares in the last quarter. CX Institutional grew its stake in shares of 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 worth $514,000 after buying an additional 140 shares during the last quarter. Dorsey & Whitney Trust CO LLC lifted its stake in shares of Fidelity National Information Services by 4.2% in the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 4,010 shares of the information technology services provider’s stock valued at $299,000 after acquiring an additional 160 shares during the last quarter. Finally, Wealthspire Advisors LLC grew its position in Fidelity National Information Services by 3.1% during the 2nd quarter. Wealthspire Advisors LLC now owns 5,426 shares of the information technology services provider’s stock worth $442,000 after acquiring an additional 162 shares during the last quarter. Institutional investors own 96.23% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on FIS shares. JPMorgan Chase & Co. reduced their price target on 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. Weiss Ratings restated a “sell (d)” rating on shares of Fidelity National Information Services in a research report on Wednesday, October 8th. KeyCorp reissued a “hold” rating on shares of Fidelity National Information Services in a research note on Wednesday, October 22nd. Truist Financial lowered their target price on Fidelity National Information Services from $72.00 to $70.00 and set a “hold” rating for the company in a research report on Wednesday, November 19th. Finally, Citigroup upgraded Fidelity National Information Services to a “hold” rating in a research report on Thursday, October 23rd. 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 stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $85.41.

Fidelity National Information Services Stock Up 0.6%

Shares of Fidelity National Information Services stock opened at $65.77 on Friday. The stock’s 50-day moving average is $65.45 and its 200 day moving average is $72.47. Fidelity National Information Services, Inc. has a one year low of $59.51 and a one year high of $86.03. The firm has a market cap of $34.06 billion, a price-to-earnings ratio of 365.41 and a beta of 1.01. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.59 and a quick ratio of 0.59.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings results on Wednesday, November 5th. The information technology services provider reported $1.51 earnings per share (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 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 company’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period in the prior year, the business earned $1.40 EPS. 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 EPS for the current year.

Fidelity National Information Services Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 23rd. Stockholders of record on Tuesday, December 9th will be paid a $0.40 dividend. The ex-dividend date is Tuesday, December 9th. This represents a $1.60 annualized dividend and a dividend yield of 2.4%. Fidelity National Information Services’s dividend payout ratio (DPR) is currently 592.59%.

Insider Transactions at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein purchased 889 shares of the business’s stock in a transaction on Wednesday, October 15th. The shares were acquired at an average price 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 in the company, valued at approximately $919,364.08. The trade was a 7.00% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.21% of the company’s stock.

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.