Fidelity National Information Services, Inc. $FIS Shares Sold by Parnassus Investments LLC

Parnassus Investments LLC lessened its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 3.8% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,188,449 shares of the information technology services provider’s stock after selling 46,325 shares during the period. Parnassus Investments LLC’s holdings in Fidelity National Information Services were worth $78,366,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Cullen Investment Group LTD. boosted its stake in Fidelity National Information Services by 10.4% during the 2nd quarter. Cullen Investment Group LTD. now owns 58,464 shares of the information technology services provider’s stock worth $4,760,000 after purchasing an additional 5,521 shares during the last quarter. Hilltop National Bank purchased a new stake in Fidelity National Information Services during the 2nd quarter valued at about $1,616,000. Norges Bank acquired a new stake in Fidelity National Information Services in the 2nd quarter valued at about $624,858,000. Brighton Jones LLC purchased a new position in Fidelity National Information Services in the 4th quarter worth approximately $347,000. Finally, Truist Financial Corp boosted its holdings in shares of Fidelity National Information Services by 6.6% during the 2nd quarter. Truist Financial Corp now owns 74,869 shares of the information technology services provider’s stock worth $6,095,000 after purchasing an additional 4,619 shares during the last quarter. 96.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein purchased 889 shares of the firm’s stock in a transaction on Wednesday, October 15th. The stock was bought at an average price of $67.66 per share, with a total value 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.21% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Citigroup upgraded Fidelity National Information Services to a “hold” rating in a research report on Thursday, October 23rd. Truist Financial lowered their price target on shares of Fidelity National Information Services from $72.00 to $70.00 and set a “hold” rating on the stock in a research report on Wednesday, November 19th. Weiss Ratings restated a “sell (d)” rating on shares of Fidelity National Information Services in a research report on Wednesday, October 8th. Jefferies Financial Group decreased their target price on shares of Fidelity National Information Services from $75.00 to $70.00 and set a “hold” rating on the stock in a report on Tuesday, October 14th. Finally, Wells Fargo & Company assumed coverage on shares of Fidelity National Information Services in a report on Wednesday, October 22nd. They set an “overweight” rating and a $81.00 price target for the company. Eleven research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $84.44.

Fidelity National Information Services Stock Performance

NYSE:FIS opened at $66.84 on Friday. 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 50 day moving average price of $65.74 and a 200 day moving average price of $69.74. The stock has a market capitalization of $34.61 billion, a P/E ratio of 247.55 and a beta of 0.93.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings results on Wednesday, November 5th. The information technology services provider reported $1.51 EPS for the quarter, topping the consensus estimate of $1.48 by $0.03. The business had revenue of $2.72 billion during the quarter, compared to analyst estimates of $2.65 billion. Fidelity National Information Services had a return on equity of 19.76% and a net margin of 1.45%.The company’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period last 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. Equities research analysts forecast that Fidelity National Information Services, Inc. will post 5.74 EPS for the current year.

Fidelity National Information Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 23rd. Investors of record on Tuesday, December 9th were issued a $0.40 dividend. The ex-dividend date was 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%.

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.