London Co. of Virginia Sells 173,125 Shares of Fidelity National Information Services, Inc. $FIS

London Co. of Virginia decreased its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 2.9% in the 2nd quarter, Holdings Channel.com reports. The firm owned 5,726,352 shares of the information technology services provider’s stock after selling 173,125 shares during the period. Fidelity National Information Services comprises 2.6% of London Co. of Virginia’s holdings, making the stock its 5th biggest position. London Co. of Virginia’s holdings in Fidelity National Information Services were worth $466,184,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Monetary Management Group Inc. raised its position in shares of 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 buying an additional 135 shares in the last quarter. Phoenix Wealth Advisors raised 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 valued at $2,305,000 after acquiring an additional 135 shares in the last quarter. CX Institutional lifted its position in shares of Fidelity National Information Services by 2.3% during the 2nd quarter. CX Institutional now owns 6,317 shares of the information technology services provider’s stock valued at $514,000 after acquiring an additional 140 shares during the period. Dorsey & Whitney Trust CO LLC grew its holdings in shares of Fidelity National Information Services by 4.2% during the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 4,010 shares of the information technology services provider’s stock worth $299,000 after purchasing an additional 160 shares in the last quarter. Finally, Wealthspire Advisors LLC increased its position in shares of Fidelity National Information Services by 3.1% in the second quarter. Wealthspire Advisors LLC now owns 5,426 shares of the information technology services provider’s stock worth $442,000 after purchasing an additional 162 shares during the period. Institutional investors and hedge funds own 96.23% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on FIS. Truist Financial cut their price objective on shares of 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. Stephens cut their price target on shares of Fidelity National Information Services from $100.00 to $90.00 and set an “overweight” rating for the company in a report on Thursday, October 16th. Wells Fargo & Company initiated coverage on shares of Fidelity National Information Services in a research note on Wednesday, October 22nd. They issued an “overweight” rating and a $81.00 price objective on the stock. Jefferies Financial Group cut their target price on Fidelity National Information Services from $75.00 to $70.00 and set a “hold” rating for the company in a research note on Tuesday, October 14th. Finally, UBS Group lifted their price target on Fidelity National Information Services from $82.00 to $83.00 and gave the company a “buy” rating in a research note on Thursday, November 6th. Twelve equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $85.41.

Insider Transactions at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein bought 889 shares of the business’s stock in a transaction that occurred on Wednesday, October 15th. The shares were acquired at an average cost of $67.66 per share, for a total transaction of $60,149.74. Following the transaction, the director directly owned 13,588 shares in the company, valued at approximately $919,364.08. This represents a 7.00% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.21% of the stock is currently owned by company insiders.

Fidelity National Information Services Stock Down 0.3%

Shares of NYSE:FIS opened at $67.05 on Friday. Fidelity National Information Services, Inc. has a 52-week low of $59.51 and a 52-week high of $85.44. The company has a market capitalization of $34.72 billion, a PE ratio of 248.32 and a beta of 0.92. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.53 and a current ratio of 0.53. The company has a fifty day moving average of $65.69 and a 200-day moving average of $71.62.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings data on Wednesday, November 5th. The information technology services provider reported $1.51 earnings per share for the quarter, topping analysts’ consensus estimates of $1.48 by $0.03. Fidelity National Information Services had a return on equity of 19.76% and a net margin of 1.45%.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 company posted $1.40 EPS. Fidelity National Information Services’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, equities analysts predict that Fidelity National Information Services, Inc. will post 5.74 EPS for the current fiscal year.

Fidelity National Information Services Announces Dividend

The company also recently disclosed 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 of this dividend 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 is currently 592.59%.

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.