Fidelity National Information Services, Inc. $FIS Shares Bought by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA raised its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 10.9% in the third quarter, according to its most recent filing with the SEC. The firm owned 363,205 shares of the information technology services provider’s stock after purchasing an additional 35,615 shares during the quarter. Pictet Asset Management Holding SA owned approximately 0.07% of Fidelity National Information Services worth $11,950,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Pension & Wealth Management Advisors Inc. bought a new position in Fidelity National Information Services during the third quarter worth $35,000. Bank & Trust Co acquired a new position in shares of Fidelity National Information Services during the third quarter worth approximately $51,000. N.E.W. Advisory Services LLC bought a new position in shares of Fidelity National Information Services in the 2nd quarter worth $58,000. Pinnacle Wealth Planning Services Inc. lifted its position in Fidelity National Information Services by 96.8% in the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 1,976 shares of the information technology services provider’s stock valued at $65,000 after acquiring an additional 972 shares in the last quarter. Finally, Raleigh Capital Management Inc. bought a new position in shares of Fidelity National Information Services in the third quarter valued at approximately $71,000. Institutional investors and hedge funds own 96.23% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on FIS shares. Stephens began coverage on shares of Fidelity National Information Services in a research note on Tuesday, August 11th. They issued an “equal weight” rating and a $50.00 target price for the company. Robert W. Baird reduced their price target on shares of Fidelity National Information Services from $48.00 to $45.00 and set a “neutral” rating for the company in a research report on Friday, September 25th. UBS Group reiterated an “outperform” rating on shares of Fidelity National Information Services in a research note on Thursday, November 5th. TD Cowen reduced their price objective on Fidelity National Information Services from $47.00 to $38.00 and set a “buy” rating for the company in a report on Thursday, November 5th. Finally, William Blair lowered Fidelity National Information Services from an “outperform” rating to a “market perform” rating in a research note on Wednesday, November 4th. Six research analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $41.12.

Insider Transactions at Fidelity National Information Services

In other news, Director Kourtney Gibson purchased 1,800 shares of the business’s stock in a transaction on Friday, November 6th. The stock was acquired at an average cost of $29.00 per share, for a total transaction of $52,200.00. Following the purchase, the director directly owned 5,903 shares in the company, valued at $171,187. This trade represents a 43.87% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jeffrey A. Goldstein purchased 1,585 shares of the company’s stock in a transaction dated Thursday, October 15th. The shares were acquired at an average price of $36.40 per share, for a total transaction of $57,694.00. Following the purchase, the director directly owned 18,697 shares in the company, valued at approximately $680,570.80. The trade was a 9.26% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.28% of the company’s stock.

Key Headlines Impacting Fidelity National Information Services

Here are a few of the latest headlines about FIS:

• Positive Sentiment: A director bought 1,800 FIS shares for about $52,200, increasing her direct holdings by nearly 44%. The purchase may signal confidence, though it is small relative to the company’s market value.
• Neutral Sentiment: FIS presented at the KBW Fintech Ecosystem Conference. The available article is a transcript, but the provided details do not identify a specific new announcement or financial catalyst. Conference transcript
• Negative Sentiment: A law firm announced a securities investigation related to FIS’s earnings and revised outlook. The notice adds headline risk, but is an investigation—not a finding of wrongdoing. Securities investigation notice

Fidelity National Information Services Trading Down 6.0%

Shares of FIS stock opened at $28.39 on Friday. The business has a 50-day moving average of $35.24 and a 200 day moving average of $42.52. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.55 and a quick ratio of 0.55. Fidelity National Information Services, Inc. has a 1-year low of $27.93 and a 1-year high of $68.37. The stock has a market capitalization of $14.63 billion, a PE ratio of 4.93, a P/E/G ratio of 0.38 and a beta of 0.84.

Fidelity National Information Services (NYSE:FIS) last issued its earnings results on Wednesday, November 4th. The information technology services provider reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.60 by $0.01. Fidelity National Information Services had a net margin of 26.77% and a return on equity of 20.42%. The firm had revenue of $3.45 billion for the quarter, compared to analysts’ expectations of $3.43 billion. During the same quarter last year, the business earned $1.51 earnings per share. The business’s revenue was up 27.1% on a year-over-year basis. As a group, sell-side analysts anticipate that Fidelity National Information Services, Inc. will post 5.85 earnings per share for the current year.

Fidelity National Information Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 28th. Stockholders of record on Monday, December 14th will be paid a $0.44 dividend. The ex-dividend date is Monday, December 14th. This represents a $1.76 annualized dividend and a dividend yield of 6.2%. Fidelity National Information Services’s payout ratio is currently 26.27%.

Fidelity National Information Services Profile

Fidelity National Information Services, Inc. (FIS) provides financial technology and services to banks, credit unions, capital markets firms and other financial institutions. Its offerings include systems for processing transactions, managing accounts and supporting day-to-day financial operations. The company’s products and services also cover digital banking, payments, risk management, regulatory compliance, treasury operations and capital markets activities such as trading and securities processing.