Crestwood Advisors Group LLC Purchases 964 Shares of Fidelity National Information Services, Inc. $FIS

Crestwood Advisors Group LLC lifted its position in Fidelity National Information Services, Inc. (NYSE:FIS) by 3.9% in the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 26,002 shares of the information technology services provider’s stock after acquiring an additional 964 shares during the period. Crestwood Advisors Group LLC’s holdings in Fidelity National Information Services were worth $2,117,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Meeder Asset Management Inc. increased its stake in shares of Fidelity National Information Services by 92.1% during the first quarter. Meeder Asset Management Inc. now owns 342 shares of the information technology services provider’s stock valued at $26,000 after purchasing an additional 164 shares in the last quarter. NewSquare Capital LLC increased its stake in shares of Fidelity National Information Services by 115.1% during the second quarter. NewSquare Capital LLC now owns 357 shares of the information technology services provider’s stock valued at $29,000 after purchasing an additional 191 shares in the last quarter. Hazlett Burt & Watson Inc. increased its stake in shares of Fidelity National Information Services by 179.9% during the first quarter. Hazlett Burt & Watson Inc. now owns 389 shares of the information technology services provider’s stock valued at $29,000 after purchasing an additional 250 shares in the last quarter. Cary Street Partners Investment Advisory LLC increased its stake in shares of Fidelity National Information Services by 100.5% during the first quarter. Cary Street Partners Investment Advisory LLC now owns 445 shares of the information technology services provider’s stock valued at $33,000 after purchasing an additional 223 shares in the last quarter. Finally, GFG Capital LLC bought a new stake in Fidelity National Information Services in the second quarter worth $43,000. Institutional investors own 96.23% of the company’s stock.

Insider Activity at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein acquired 889 shares of the business’s stock in a transaction that occurred on Wednesday, October 15th. The stock was bought at an average price of $67.66 per share, with a total value of $60,149.74. Following the completion of the acquisition, the director directly owned 13,588 shares of the company’s stock, valued at approximately $919,364.08. The trade was a 7.00% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.21% of the stock is owned by insiders.

Fidelity National Information Services Price Performance

NYSE FIS opened at $64.71 on Thursday. Fidelity National Information Services, Inc. has a one year low of $59.51 and a one year high of $89.57. The stock has a 50-day moving average of $66.52 and a 200 day moving average of $74.07. The company has a market capitalization of $33.80 billion, a price-to-earnings ratio of 359.49 and a beta of 1.05. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.59 and a current ratio of 0.59.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings data on Wednesday, November 5th. The information technology services provider reported $1.51 earnings per share for the quarter, beating analysts’ consensus estimates of $1.48 by $0.03. The company had revenue of $2.72 billion for the quarter, compared to the consensus estimate of $2.65 billion. Fidelity National Information Services had a net margin of 1.09% and a return on equity of 18.73%. The firm’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.40 earnings per share. Fidelity National Information Services has set its FY 2025 guidance at 5.740-5.780 EPS. On average, sell-side analysts forecast that Fidelity National Information Services, Inc. will post 5.74 EPS for the current year.

Fidelity National Information Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 23rd. Investors of record on Tuesday, December 9th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Tuesday, December 9th. This represents a $1.60 annualized dividend and a dividend yield of 2.5%. Fidelity National Information Services’s payout ratio is presently 888.89%.

Wall Street Analyst Weigh In

Several research firms have commented on FIS. Citigroup raised Fidelity National Information Services to a “hold” rating in a report on Thursday, October 23rd. Jefferies Financial Group reduced their price objective on shares of Fidelity National Information Services from $75.00 to $70.00 and set a “hold” rating for the company in a research note on Tuesday, October 14th. UBS Group upgraded shares of Fidelity National Information Services from a “neutral” rating to a “buy” rating and set a $82.00 price objective for the company in a research note on Tuesday, September 30th. Wells Fargo & Company initiated coverage on shares of Fidelity National Information Services in a research note on Wednesday, October 22nd. They set an “overweight” rating and a $81.00 price objective for the company. Finally, Keefe, Bruyette & Woods reduced their price objective on shares of Fidelity National Information Services from $88.00 to $85.00 and set an “outperform” rating for the company in a research note on Wednesday, October 1st. Eleven equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $86.25.

Fidelity National Information Services Company Profile

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.