Nisa Investment Advisors LLC Increases Stock Position in Fidelity National Information Services, Inc. $FIS

Nisa Investment Advisors LLC grew its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 32.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 143,701 shares of the information technology services provider’s stock after purchasing an additional 34,882 shares during the period. Nisa Investment Advisors LLC’s holdings in Fidelity National Information Services were worth $9,476,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the business. Brighton Jones LLC acquired a new stake in Fidelity National Information Services in the fourth quarter valued at $347,000. Intech Investment Management LLC grew its stake in shares of Fidelity National Information Services by 15.0% during the 1st quarter. Intech Investment Management LLC now owns 46,588 shares of the information technology services provider’s stock worth $3,479,000 after purchasing an additional 6,070 shares during the period. Geneos Wealth Management Inc. increased its holdings in shares of Fidelity National Information Services by 70.1% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,046 shares of the information technology services provider’s stock valued at $78,000 after purchasing an additional 431 shares in the last quarter. Howe & Rusling Inc. lifted its stake in shares of Fidelity National Information Services by 9.3% in the first quarter. Howe & Rusling Inc. now owns 3,461 shares of the information technology services provider’s stock valued at $258,000 after purchasing an additional 295 shares during the period. Finally, AG2R LA Mondiale Gestion D Actifs purchased a new stake in Fidelity National Information Services during the first quarter worth about $1,743,000. 96.23% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein acquired 889 shares of Fidelity National Information Services stock in a transaction that occurred on Wednesday, October 15th. The shares were acquired at an average price of $67.66 per share, with a total value of $60,149.74. Following the completion of the purchase, the director 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.21% of the stock is currently owned by corporate insiders.

Fidelity National Information Services Stock Performance

NYSE FIS opened at $66.84 on Friday. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.64. Fidelity National Information Services, Inc. has a fifty-two week low of $59.51 and a fifty-two week high of $83.97. The business has a fifty day moving average of $65.74 and a 200-day moving average of $69.65. The stock has a market cap of $34.61 billion, a price-to-earnings ratio of 247.55 and a beta of 0.93.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings data on Wednesday, November 5th. The information technology services provider reported $1.51 EPS for the quarter, beating 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 business had revenue of $2.72 billion for the quarter, compared to analyst estimates of $2.65 billion. During the same quarter last year, the company earned $1.40 earnings per share. The business’s revenue for the quarter 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. As a group, analysts predict that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 23rd. Stockholders of record on Tuesday, December 9th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend was Tuesday, December 9th. Fidelity National Information Services’s payout ratio is currently 592.59%.

Analysts Set New Price Targets

FIS has been the subject of a number of research analyst reports. Wells Fargo & Company assumed coverage on shares of Fidelity National Information Services in a report on Wednesday, October 22nd. They issued an “overweight” rating and a $81.00 target price for the company. Truist Financial reduced their price objective 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. UBS Group upped their target price on Fidelity National Information Services from $82.00 to $83.00 and gave the company a “buy” rating in a report on Thursday, November 6th. Citigroup upgraded Fidelity National Information Services to a “hold” rating in a research report on Thursday, October 23rd. Finally, KeyCorp reiterated a “hold” rating on shares of Fidelity National Information Services in a research report on Wednesday, October 22nd. Eleven research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $84.44.

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.