Scotia Capital Inc. Grows Position in Fidelity National Information Services, Inc. $FIS

Scotia Capital Inc. raised its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 2.7% during the second quarter, HoldingsChannel reports. The firm owned 44,599 shares of the information technology services provider’s stock after purchasing an additional 1,155 shares during the quarter. Scotia Capital Inc.’s holdings in Fidelity National Information Services were worth $3,631,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in FIS. Brighton Jones LLC purchased a new position in Fidelity National Information Services in the 4th quarter worth $347,000. LPL Financial LLC raised its stake in shares of Fidelity National Information Services by 2.7% in the first quarter. LPL Financial LLC now owns 222,706 shares of the information technology services provider’s stock worth $16,632,000 after purchasing an additional 5,883 shares during the last quarter. Foundations Investment Advisors LLC raised its stake in shares of Fidelity National Information Services by 55.5% in the first quarter. Foundations Investment Advisors LLC now owns 6,069 shares of the information technology services provider’s stock worth $453,000 after purchasing an additional 2,165 shares during the last quarter. Federated Hermes Inc. lifted its holdings in shares of Fidelity National Information Services by 24.2% during the first quarter. Federated Hermes Inc. now owns 22,934 shares of the information technology services provider’s stock worth $1,713,000 after purchasing an additional 4,471 shares during the period. Finally, Arkadios Wealth Advisors purchased a new stake in Fidelity National Information Services in the first quarter valued at approximately $1,587,000. 96.23% of the stock is currently owned by institutional investors and hedge funds.

Fidelity National Information Services Stock Up 0.6%

FIS opened at $65.77 on Friday. The company has a fifty day moving average of $65.45 and a two-hundred day moving average of $72.47. The stock has a market capitalization of $34.06 billion, a price-to-earnings ratio of 365.41 and a beta of 1.01. Fidelity National Information Services, Inc. has a fifty-two week low of $59.51 and a fifty-two week high of $86.03. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.59 and a current ratio of 0.59.

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

Fidelity National Information Services Dividend Announcement

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

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Wells Fargo & Company assumed coverage on shares of Fidelity National Information Services in a research report on Wednesday, October 22nd. They set an “overweight” rating and a $81.00 price target for the company. 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. JPMorgan Chase & Co. lowered 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 cut their price target on Fidelity National Information Services from $93.00 to $86.00 and set an “outperform” rating on the stock in a research report on Thursday, November 6th. Finally, Keefe, Bruyette & Woods decreased their price objective on Fidelity National Information Services from $88.00 to $85.00 and set an “outperform” rating for the company in a report on Wednesday, October 1st. Twelve investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $85.41.

Insider Buying and Selling at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein bought 889 shares of the firm’s stock in a transaction dated Wednesday, October 15th. The shares were purchased at an average price of $67.66 per share, for a total transaction of $60,149.74. Following the transaction, the director directly owned 13,588 shares of the company’s stock, valued at approximately $919,364.08. This represents a 7.00% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.21% of the stock is currently owned by insiders.

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.