Mitsubishi UFJ Trust & Banking Corp Trims Position in Fidelity National Information Services, Inc. $FIS

Mitsubishi UFJ Trust & Banking Corp lowered its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 12.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 288,619 shares of the information technology services provider’s stock after selling 40,549 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned about 0.06% of Fidelity National Information Services worth $19,032,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Pinnacle Bancorp Inc. grew its stake in shares of Fidelity National Information Services by 21.9% in the 3rd quarter. Pinnacle Bancorp Inc. now owns 835 shares of the information technology services provider’s stock valued at $55,000 after purchasing an additional 150 shares during the last quarter. Wealthspire Advisors LLC lifted its holdings in shares of Fidelity National Information Services by 3.1% during 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. FJ Capital Management LLC grew its position in Fidelity National Information Services by 4.7% in the 2nd quarter. FJ Capital Management LLC now owns 3,600 shares of the information technology services provider’s stock valued at $293,000 after buying an additional 163 shares during the last quarter. Gratus Wealth Advisors LLC increased its stake in Fidelity National Information Services by 1.4% in the 3rd quarter. Gratus Wealth Advisors LLC now owns 12,389 shares of the information technology services provider’s stock valued at $817,000 after buying an additional 170 shares during the period. Finally, TD Waterhouse Canada Inc. raised its position in Fidelity National Information Services by 0.7% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 24,042 shares of the information technology services provider’s stock worth $1,981,000 after buying an additional 175 shares during the last quarter. Institutional investors and hedge funds own 96.23% of the company’s stock.

Insider Transactions at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein purchased 941 shares of Fidelity National Information Services stock in a transaction on Thursday, January 15th. The shares were bought at an average price of $64.11 per share, with a total value of $60,327.51. Following the completion of the acquisition, the director directly owned 14,529 shares of the company’s stock, valued at approximately $931,454.19. This trade represents a 6.93% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.21% of the company’s stock.

Fidelity National Information Services Stock Performance

NYSE FIS opened at $59.15 on Tuesday. The business has a 50 day moving average price of $65.23 and a 200 day moving average price of $68.13. The company has a market capitalization of $30.63 billion, a P/E ratio of 219.07, a PEG ratio of 0.90 and a beta of 0.93. Fidelity National Information Services, Inc. has a 1-year low of $58.75 and a 1-year high of $83.97. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.53 and a quick ratio of 0.53.

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, 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 company had revenue of $2.72 billion for the quarter, compared to the consensus estimate of $2.65 billion. During the same period in the previous year, the business earned $1.40 earnings per share. 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. Sell-side analysts expect that Fidelity National Information Services, Inc. will post 5.74 EPS for the current fiscal year.

Fidelity National Information Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 23rd. Shareholders of record on Tuesday, December 9th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.7%. The ex-dividend date was Tuesday, December 9th. Fidelity National Information Services’s dividend payout ratio (DPR) is 592.59%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Jefferies Financial Group dropped their price target on shares of Fidelity National Information Services from $75.00 to $70.00 and set a “hold” rating on the stock in a research note on Tuesday, October 14th. Royal Bank Of Canada lowered their price objective on Fidelity National Information Services from $93.00 to $86.00 and set an “outperform” rating on the stock in a report on Thursday, November 6th. BNP Paribas Exane cut their target price on Fidelity National Information Services from $60.00 to $55.00 and set an “underperform” rating for the company in a research note on Tuesday, January 20th. Truist Financial reduced their price target on Fidelity National Information Services from $72.00 to $70.00 and set a “hold” rating for the company in a report on Wednesday, November 19th. Finally, Citigroup raised Fidelity National Information Services to a “hold” rating in a report on Thursday, October 23rd. Eleven research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $79.94.

About Fidelity National Information Services

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.