Financiere des Professionnels Fonds d investissement inc. Has $4.20 Million Stock Position in Fidelity National Information Services, Inc. $FIS

Financiere des Professionnels Fonds d investissement inc. lessened its stake in Fidelity National Information Services, Inc. (NYSE:FIS) by 27.4% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 63,706 shares of the information technology services provider’s stock after selling 24,024 shares during the quarter. Financiere des Professionnels Fonds d investissement inc.’s holdings in Fidelity National Information Services were worth $4,201,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its holdings in Fidelity National Information Services by 0.6% during the 2nd quarter. Vanguard Group Inc. now owns 63,019,323 shares of the information technology services provider’s stock worth $5,130,403,000 after purchasing an additional 376,499 shares in the last quarter. Dodge & Cox boosted its position in Fidelity National Information Services by 1.3% during the 2nd quarter. Dodge & Cox now owns 35,274,497 shares of the information technology services provider’s stock worth $2,871,697,000 after acquiring an additional 466,199 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Fidelity National Information Services by 0.4% during the 2nd quarter. Geode Capital Management LLC now owns 13,288,097 shares of the information technology services provider’s stock worth $1,077,157,000 after acquiring an additional 48,968 shares in the last quarter. Boston Partners raised its holdings in shares of Fidelity National Information Services by 10.5% in the second quarter. Boston Partners now owns 11,820,211 shares of the information technology services provider’s stock valued at $958,537,000 after purchasing an additional 1,122,181 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Fidelity National Information Services by 1.0% in the second quarter. Charles Schwab Investment Management Inc. now owns 10,224,056 shares of the information technology services provider’s stock worth $832,141,000 after purchasing an additional 97,843 shares in the last quarter. 96.23% of the stock is currently owned by institutional investors and hedge funds.

Fidelity National Information Services Price Performance

NYSE:FIS opened at $65.60 on Friday. The company has a market cap of $33.97 billion, a P/E ratio of 242.95 and a beta of 0.92. The firm’s fifty day moving average price is $65.43 and its two-hundred day moving average price is $70.20. Fidelity National Information Services, Inc. has a one year low of $59.51 and a one 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 announced its 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. Fidelity National Information Services had a net margin of 1.45% and a return on equity of 19.76%. The business had revenue of $2.72 billion during the quarter, compared to the consensus estimate of $2.65 billion. During the same quarter in the previous year, the firm posted $1.40 EPS. Fidelity National Information Services’s 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. Equities analysts expect that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current year.

Fidelity National Information Services Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 23rd. Investors 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 2.4%. The ex-dividend date of this dividend was Tuesday, December 9th. Fidelity National Information Services’s dividend payout ratio (DPR) is presently 592.59%.

Insider Transactions at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein acquired 889 shares of the firm’s stock in a transaction on Wednesday, October 15th. The shares were purchased at an average cost of $67.66 per share, with a total value of $60,149.74. Following the acquisition, the director directly owned 13,588 shares in the company, valued at $919,364.08. This represents a 7.00% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. 0.21% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Wells Fargo & Company assumed coverage on Fidelity National Information Services in a report on Wednesday, October 22nd. They issued an “overweight” rating and a $81.00 price objective for the company. Keefe, Bruyette & Woods lowered their price target on Fidelity National Information Services from $88.00 to $85.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 1st. Jefferies Financial Group cut their price objective on 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. Stephens lowered their target price on shares of Fidelity National Information Services from $100.00 to $90.00 and set an “overweight” rating on the stock in a report on Thursday, October 16th. Finally, KeyCorp reiterated a “hold” rating on shares of Fidelity National Information Services in a research note on Wednesday, October 22nd. Twelve investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $85.41.

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.