Prana Capital Management LP Has $39.98 Million Stock Holdings in Fidelity National Information Services, Inc. $FIS

Prana Capital Management LP increased its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 110.3% during the 3rd quarter, Holdings Channel reports. The fund owned 606,232 shares of the information technology services provider’s stock after buying an additional 318,030 shares during the quarter. Fidelity National Information Services accounts for about 1.3% of Prana Capital Management LP’s investment portfolio, making the stock its 26th biggest holding. Prana Capital Management LP’s holdings in Fidelity National Information Services were worth $39,975,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Brighton Jones LLC bought a new stake in shares of Fidelity National Information Services in the 4th quarter valued at $347,000. Geneos Wealth Management Inc. lifted its holdings in Fidelity National Information Services by 70.1% during the first quarter. Geneos Wealth Management Inc. now owns 1,046 shares of the information technology services provider’s stock worth $78,000 after acquiring an additional 431 shares in the last quarter. Sivia Capital Partners LLC bought a new position in Fidelity National Information Services during the second quarter worth about $302,000. Creative Planning grew its stake in Fidelity National Information Services by 3.6% in the second quarter. Creative Planning now owns 106,279 shares of the information technology services provider’s stock valued at $8,652,000 after acquiring an additional 3,720 shares during the period. Finally, Cetera Investment Advisers increased its holdings in shares of Fidelity National Information Services by 5.2% in the second quarter. Cetera Investment Advisers now owns 62,078 shares of the information technology services provider’s stock worth $5,054,000 after acquiring an additional 3,096 shares in the last quarter. Institutional investors own 96.23% of the company’s stock.

Insider Buying and Selling at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein purchased 941 shares of the stock in a transaction on Thursday, January 15th. The shares were purchased at an average cost of $64.11 per share, for a total transaction of $60,327.51. Following the purchase, the director owned 14,529 shares of the company’s stock, valued at approximately $931,454.19. This represents a 6.93% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Stephanie Ferris purchased 19,846 shares of the business’s stock in a transaction on Thursday, March 5th. The shares were acquired at an average cost of $50.39 per share, for a total transaction of $1,000,039.94. Following the completion of the transaction, the chief executive officer directly owned 281,458 shares in the company, valued at approximately $14,182,668.62. This represents a 7.59% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 0.21% of the company’s stock.

Analyst Upgrades and Downgrades

FIS has been the topic of a number of research analyst reports. Truist Financial dropped their price target on Fidelity National Information Services from $69.00 to $57.00 and set a “hold” rating on the stock in a research report on Tuesday, March 3rd. TD Cowen lowered their target price on Fidelity National Information Services from $89.00 to $78.00 and set a “buy” rating for the company in a research note on Wednesday, February 25th. Susquehanna dropped their target price on shares of Fidelity National Information Services from $69.00 to $55.00 and set a “neutral” rating on the stock in a report on Wednesday, February 25th. The Goldman Sachs Group initiated coverage on shares of Fidelity National Information Services in a report on Monday, March 9th. They issued a “buy” rating and a $70.00 price target for the company. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Fidelity National Information Services from $80.00 to $65.00 and set an “overweight” rating for the company in a research report on Thursday, February 12th. Fourteen research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $69.86.

Fidelity National Information Services Stock Down 0.4%

NYSE:FIS opened at $50.26 on Wednesday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.59 and a current ratio of 0.59. The company has a market cap of $25.85 billion, a PE ratio of 68.84, a PEG ratio of 0.49 and a beta of 0.90. Fidelity National Information Services, Inc. has a 52-week low of $46.16 and a 52-week high of $82.74. The stock has a 50-day simple moving average of $54.15 and a 200 day simple moving average of $61.90.

Fidelity National Information Services (NYSE:FIS) last released its earnings results on Tuesday, February 24th. The information technology services provider reported $1.68 EPS for the quarter, missing the consensus estimate of $1.69 by ($0.01). Fidelity National Information Services had a net margin of 3.58% and a return on equity of 21.21%. The firm had revenue of $2.81 billion during the quarter, compared to the consensus estimate of $2.74 billion. During the same quarter in the previous year, the firm posted $1.40 EPS. The company’s revenue was up 8.2% on a year-over-year basis. Fidelity National Information Services has set its Q1 2026 guidance at 1.260-1.300 EPS and its FY 2026 guidance at 6.220-6.320 EPS. On average, sell-side analysts expect that Fidelity National Information Services, Inc. will post 5.74 EPS for the current fiscal year.

Fidelity National Information Services Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 24th. Stockholders of record on Tuesday, March 10th will be given a $0.44 dividend. This is a boost from Fidelity National Information Services’s previous quarterly dividend of $0.40. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend is Tuesday, March 10th. Fidelity National Information Services’s payout ratio is presently 241.10%.

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.