Paradigm Asset Management Co. LLC Has $1.70 Million Stake in Fidelity National Information Services, Inc. $FIS

Paradigm Asset Management Co. LLC lifted its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 2,817.3% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 20,917 shares of the information technology services provider’s stock after buying an additional 20,200 shares during the quarter. Paradigm Asset Management Co. LLC’s holdings in Fidelity National Information Services were worth $1,703,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in FIS. Brighton Jones LLC bought a new stake in Fidelity National Information Services during the 4th quarter worth approximately $347,000. Greenleaf Trust increased its holdings in Fidelity National Information Services by 12.1% in the first quarter. Greenleaf Trust now owns 4,244 shares of the information technology services provider’s stock valued at $317,000 after purchasing an additional 457 shares during the period. Allworth Financial LP lifted its holdings in Fidelity National Information Services by 30.2% during the 1st quarter. Allworth Financial LP now owns 3,455 shares of the information technology services provider’s stock worth $276,000 after buying an additional 801 shares during the period. Alps Advisors Inc. increased its stake in shares of Fidelity National Information Services by 1.3% in the first quarter. Alps Advisors Inc. now owns 26,435 shares of the information technology services provider’s stock valued at $1,974,000 after buying an additional 345 shares during the period. Finally, Arizona State Retirement System raised its holdings in Fidelity National Information Services by 1.4% during the 1st quarter. Arizona State Retirement System now owns 157,992 shares of the information technology services provider’s stock worth $11,799,000 after purchasing an additional 2,208 shares during the last quarter. Institutional investors and hedge funds own 96.23% of the company’s stock.

Fidelity National Information Services Price Performance

Shares of NYSE:FIS opened at $64.72 on Friday. Fidelity National Information Services, Inc. has a twelve month low of $59.51 and a twelve month high of $89.57. The stock’s 50 day moving average is $66.31 and its 200-day moving average is $73.92. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $33.81 billion, a price-to-earnings ratio of 359.56 and a beta of 1.01.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings results on Wednesday, November 5th. The information technology services provider reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.48 by $0.03. Fidelity National Information Services had a net margin of 1.09% and a return on equity of 18.73%. The business had revenue of $2.72 billion during the quarter, compared to the consensus estimate of $2.65 billion. During the same quarter last 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. Sell-side analysts forecast that Fidelity National Information Services, Inc. will post 5.74 EPS for the current fiscal year.

Fidelity National Information Services Announces Dividend

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

Analysts Set New Price Targets

FIS has been the topic of a number of recent analyst reports. Royal Bank Of Canada dropped their price objective on Fidelity National Information Services from $93.00 to $86.00 and set an “outperform” rating on the stock in a research note on Thursday. UBS Group boosted their price target on Fidelity National Information Services from $82.00 to $83.00 and gave the company a “buy” rating in a research note on Thursday. JPMorgan Chase & Co. cut their price target on Fidelity National Information Services from $85.00 to $80.00 and set an “overweight” rating on the stock in a report on Thursday. Weiss Ratings reiterated a “sell (d)” rating on shares of Fidelity National Information Services in a research note on Wednesday, October 8th. Finally, Jefferies Financial Group dropped their target price on shares of Fidelity National Information Services from $75.00 to $70.00 and set a “hold” rating on the stock in a research report on Tuesday, October 14th. Twelve investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $85.53.

Insider Buying and Selling at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein purchased 889 shares of the company’s stock in a transaction that occurred on Wednesday, October 15th. The shares were bought at an average cost of $67.66 per share, with a total value of $60,149.74. Following the completion of the transaction, the director directly owned 13,588 shares of the company’s stock, valued at approximately $919,364.08. This trade represents a 7.00% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.21% of the stock is owned by corporate insiders.

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.