Y Intercept Hong Kong Ltd Takes Position in Fidelity National Information Services, Inc. $FIS

Y Intercept Hong Kong Ltd purchased a new position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 27,606 shares of the information technology services provider’s stock, valued at approximately $1,820,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. NewSquare Capital LLC boosted its stake in shares of Fidelity National Information Services by 115.1% during the 2nd quarter. NewSquare Capital LLC now owns 357 shares of the information technology services provider’s stock worth $29,000 after acquiring an additional 191 shares during the period. Root Financial Partners LLC acquired a new position in shares of Fidelity National Information Services in the third quarter valued at $29,000. Steigerwald Gordon & Koch Inc. acquired a new stake in shares of Fidelity National Information Services during the 3rd quarter worth about $37,000. Valued Wealth Advisors LLC bought a new stake in shares of Fidelity National Information Services during the 2nd quarter worth about $42,000. Finally, GFG Capital LLC acquired a new position in Fidelity National Information Services in the 2nd quarter valued at about $43,000. Institutional investors own 96.23% of the company’s stock.

Wall Street Analyst Weigh In

FIS has been the subject of several research reports. Wells Fargo & Company initiated 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 objective for the company. BNP Paribas Exane lowered their price objective on Fidelity National Information Services from $60.00 to $55.00 and set an “underperform” rating on the stock in a research report on Tuesday, January 20th. Jefferies Financial Group lowered 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 report on Tuesday, October 14th. JPMorgan Chase & Co. lowered their target price 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. Finally, Citigroup raised Fidelity National Information Services to a “hold” rating in a report on Thursday, October 23rd. Twelve equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Fidelity National Information Services currently has an average rating of “Hold” and an average target price of $79.53.

Insider Transactions at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein bought 941 shares of the company’s stock in a transaction on Thursday, January 15th. The stock was purchased at an average cost of $64.11 per share, for a total transaction of $60,327.51. Following the completion of the transaction, the director owned 14,529 shares of the company’s stock, valued at $931,454.19. This trade represents a 6.93% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 0.21% of the stock is currently owned by insiders.

Fidelity National Information Services Stock Performance

NYSE:FIS opened at $55.18 on Friday. Fidelity National Information Services, Inc. has a twelve month low of $54.65 and a twelve month high of $83.97. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.64. The stock’s 50-day simple moving average is $64.86 and its 200 day simple moving average is $67.81. The firm has a market capitalization of $28.57 billion, a PE ratio of 204.36, a price-to-earnings-growth ratio of 0.84 and a beta of 0.93.

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

Fidelity National Information Services Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 24th. Investors of record on Tuesday, March 10th will be issued a dividend of $0.44 per share. This is a positive change from Fidelity National Information Services’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Tuesday, March 10th. This represents a $1.76 annualized dividend and a dividend yield of 3.2%. Fidelity National Information Services’s dividend payout ratio (DPR) 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.