Cornerstone Wealth Group LLC Purchases 494 Shares of Fidelity National Information Services, Inc. $FIS

Cornerstone Wealth Group LLC raised its stake in Fidelity National Information Services, Inc. (NYSE:FIS) by 1.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 48,933 shares of the information technology services provider’s stock after acquiring an additional 494 shares during the quarter. Cornerstone Wealth Group LLC’s holdings in Fidelity National Information Services were worth $3,984,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of FIS. Baupost Group LLC MA bought a new position in Fidelity National Information Services in the 1st quarter valued at about $260,853,000. Nuveen LLC bought a new position in shares of Fidelity National Information Services during the first quarter worth approximately $187,514,000. Invesco Ltd. increased its holdings in shares of Fidelity National Information Services by 22.9% during the first quarter. Invesco Ltd. now owns 9,304,011 shares of the information technology services provider’s stock worth $694,824,000 after purchasing an additional 1,730,878 shares during the period. Hotchkis & Wiley Capital Management LLC increased its holdings in shares of Fidelity National Information Services by 17.4% during the first quarter. Hotchkis & Wiley Capital Management LLC now owns 6,666,499 shares of the information technology services provider’s stock worth $497,854,000 after purchasing an additional 986,646 shares during the period. Finally, Hawk Ridge Capital Management LP increased its holdings in shares of Fidelity National Information Services by 647.7% during the first quarter. Hawk Ridge Capital Management LP now owns 1,062,280 shares of the information technology services provider’s stock worth $79,331,000 after purchasing an additional 920,200 shares during the period. 96.23% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on FIS. Keefe, Bruyette & Woods lowered their target price on shares of Fidelity National Information Services from $88.00 to $85.00 and set an “outperform” rating on the stock in a report on Wednesday, October 1st. Susquehanna decreased their price objective on shares of Fidelity National Information Services from $81.00 to $77.00 and set a “neutral” rating on the stock in a research note on Friday, September 12th. Truist Financial lifted their price objective on shares of Fidelity National Information Services from $84.00 to $85.00 and gave the company a “hold” rating in a research note on Thursday, July 17th. UBS Group raised shares of Fidelity National Information Services from a “neutral” rating to a “buy” rating and set a $82.00 price objective on the stock in a research note on Tuesday, September 30th. Finally, Robert W. Baird lifted their price objective on shares of Fidelity National Information Services from $82.00 to $86.00 and gave the company a “neutral” rating in a research note on Wednesday, July 16th. Thirteen research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $91.00.

Fidelity National Information Services Stock Performance

Shares of Fidelity National Information Services stock opened at $67.31 on Tuesday. Fidelity National Information Services, Inc. has a fifty-two week low of $63.00 and a fifty-two week high of $91.98. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.59 and a quick ratio of 0.59. The firm has a market capitalization of $35.16 billion, a P/E ratio of 373.97 and a beta of 1.05. The company’s 50 day moving average price is $68.25 and its two-hundred day moving average price is $74.81.

Fidelity National Information Services (NYSE:FIS) last issued its earnings results on Tuesday, August 5th. The information technology services provider reported $1.36 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.36. Fidelity National Information Services had a net margin of 1.09% and a return on equity of 18.73%. The firm had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.57 billion. During the same quarter last year, the business posted $1.36 earnings per share. The company’s quarterly revenue was up 5.1% on a year-over-year basis. Fidelity National Information Services has set its Q3 2025 guidance at 1.460-1.500 EPS. FY 2025 guidance at 5.720-5.800 EPS. On average, equities analysts forecast 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 firm also recently declared a quarterly dividend, which was paid on Wednesday, September 24th. Stockholders of record on Wednesday, September 10th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date was Wednesday, September 10th. Fidelity National Information Services’s payout ratio is 888.89%.

About Fidelity National Information Services

Fidelity National Information Services, Inc engages in the provision of financial services technology solutions for financial institutions, businesses, and developers worldwide. It operates through Banking Solutions, Capital Market Solutions, and Corporate and Other segments. The company provides core processing and ancillary applications; mobile and online banking; fraud, risk management, and compliance; card and retail payment; electronic funds transfer and network; wealth and retirement; and item processing and output solutions.