Perpetual Ltd Sells 459,861 Shares of Fidelity National Information Services, Inc. $FIS

Perpetual Ltd lessened its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 99.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,756 shares of the information technology services provider’s stock after selling 459,861 shares during the quarter. Perpetual Ltd’s holdings in Fidelity National Information Services were worth $248,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Princeton Global Asset Management LLC grew its position in Fidelity National Information Services by 0.9% in the 3rd quarter. Princeton Global Asset Management LLC now owns 27,452 shares of the information technology services provider’s stock worth $1,810,000 after purchasing an additional 240 shares during the period. Voya Financial Advisors Inc. grew its holdings in shares of Fidelity National Information Services by 69.7% in the third quarter. Voya Financial Advisors Inc. now owns 14,573 shares of the information technology services provider’s stock worth $959,000 after acquiring an additional 5,983 shares during the period. Dynamic Advisor Solutions LLC increased its position in Fidelity National Information Services by 6.1% during the third quarter. Dynamic Advisor Solutions LLC now owns 5,611 shares of the information technology services provider’s stock valued at $370,000 after acquiring an additional 323 shares during the last quarter. Patriot Financial Group Insurance Agency LLC lifted its holdings in Fidelity National Information Services by 3.8% in the third quarter. Patriot Financial Group Insurance Agency LLC now owns 7,137 shares of the information technology services provider’s stock valued at $471,000 after acquiring an additional 263 shares during the period. Finally, Czech National Bank boosted its position in Fidelity National Information Services by 3.3% in the third quarter. Czech National Bank now owns 132,674 shares of the information technology services provider’s stock worth $8,749,000 after purchasing an additional 4,249 shares during the last quarter. 96.23% of the stock is owned by hedge funds and other institutional investors.

Fidelity National Information Services Trading Up 1.3%

Shares of Fidelity National Information Services stock opened at $66.90 on Tuesday. Fidelity National Information Services, Inc. has a fifty-two week low of $59.51 and a fifty-two week high of $83.97. 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 market capitalization of $34.64 billion, a P/E ratio of 247.77 and a beta of 0.92. The company has a fifty day moving average of $65.52 and a 200 day moving average of $70.94.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings data on Wednesday, November 5th. The information technology services provider reported $1.51 EPS for the quarter, beating the consensus estimate of $1.48 by $0.03. The business had revenue of $2.72 billion for the quarter, compared to the consensus estimate of $2.65 billion. Fidelity National Information Services had a return on equity of 19.76% and a net margin of 1.45%.The business’s revenue was up 5.7% on a year-over-year basis. During the same period in the previous year, the business earned $1.40 earnings per share. Fidelity National Information Services has set its FY 2025 guidance at 5.740-5.780 EPS. On average, sell-side analysts anticipate that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current fiscal year.

Fidelity National Information Services Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 23rd. Shareholders 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 yield of 2.4%. The ex-dividend date of this dividend is Tuesday, December 9th. Fidelity National Information Services’s dividend payout ratio (DPR) is 592.59%.

Wall Street Analyst Weigh In

Several research firms have recently commented on FIS. Citigroup raised shares of Fidelity National Information Services to a “hold” rating in a research report on Thursday, October 23rd. Jefferies Financial Group reduced their target price on shares of Fidelity National Information Services from $75.00 to $70.00 and set a “hold” rating for the company in a report on Tuesday, October 14th. Susquehanna decreased their price target on shares of Fidelity National Information Services from $81.00 to $77.00 and set a “neutral” rating on the stock in a research report on Friday, September 12th. Keefe, Bruyette & Woods cut their price objective on shares of Fidelity National Information Services from $88.00 to $85.00 and set an “outperform” rating for the company in a research report on Wednesday, October 1st. Finally, KeyCorp restated a “hold” rating on shares of Fidelity National Information Services in a research note on Wednesday, October 22nd. Twelve 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, Fidelity National Information Services presently has a consensus rating of “Moderate Buy” and a consensus target price of $85.41.

Insider Activity

In related news, Director Jeffrey A. Goldstein bought 889 shares of the stock in a transaction dated Wednesday, October 15th. The shares were purchased at an average price of $67.66 per share, with a total value of $60,149.74. Following the completion of the acquisition, the director owned 13,588 shares of the company’s stock, valued at $919,364.08. This represents a 7.00% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, 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 (NYSE: FIS) is a global provider of financial technology solutions and services for banks, capital markets firms, merchants and corporations. The company develops and delivers software, processing, and outsourcing services that support core banking, payments and merchant acquiring, wealth and retirement platforms, risk and compliance, and trading and capital markets operations. Its offerings include cloud-based and on-premises core banking systems, card processing and gateway services, e-commerce and point-of-sale payment solutions, and a range of back-office and advisory services designed to automate and modernize financial operations.

FIS serves a broad international client base across North America, Europe, Latin America, and the Asia-Pacific region through a combination of direct clients and partner channels.