Vestmark Advisory Solutions Inc. Has $5.95 Million Stake in Fidelity National Information Services, Inc. $FIS

Vestmark Advisory Solutions Inc. lowered its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 6.5% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 73,073 shares of the information technology services provider’s stock after selling 5,053 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in Fidelity National Information Services were worth $5,949,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC bought a new stake in shares of Fidelity National Information Services during the fourth quarter worth about $347,000. Greenleaf Trust increased its holdings in Fidelity National Information Services by 12.1% during the 1st quarter. Greenleaf Trust now owns 4,244 shares of the information technology services provider’s stock worth $317,000 after purchasing an additional 457 shares in the last quarter. Allworth Financial LP increased 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 purchasing an additional 801 shares in the last quarter. Alps Advisors Inc. raised 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 worth $1,974,000 after purchasing an additional 345 shares during the last quarter. Finally, Arizona State Retirement System lifted its holdings in shares of Fidelity National Information Services by 1.4% in the first quarter. Arizona State Retirement System now owns 157,992 shares of the information technology services provider’s stock valued at $11,799,000 after purchasing an additional 2,208 shares in the last quarter. Institutional investors and hedge funds own 96.23% of the company’s stock.

Insider Transactions at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein bought 889 shares of the firm’s stock in a transaction on Wednesday, October 15th. The stock was acquired 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 $919,364.08. This represents a 7.00% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.21% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages recently issued reports on FIS. KeyCorp reiterated a “hold” rating on shares of Fidelity National Information Services in a report on Wednesday, October 22nd. JPMorgan Chase & Co. cut their price objective on shares of Fidelity National Information Services from $85.00 to $80.00 and set an “overweight” rating on the stock in a report on Thursday. Citigroup upgraded shares of Fidelity National Information Services to a “hold” rating in a report on Thursday, October 23rd. Wells Fargo & Company started coverage on shares of Fidelity National Information Services in a report on Wednesday, October 22nd. They set an “overweight” rating and a $81.00 price target on the stock. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Fidelity National Information Services in a research note on Wednesday, October 8th. Twelve research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $85.53.

Fidelity National Information Services Price Performance

Shares of NYSE:FIS opened at $64.72 on Friday. The company has a market capitalization of $33.81 billion, a P/E ratio of 359.56 and a beta of 1.01. The company’s 50-day moving average is $66.31 and its 200 day moving average is $73.92. 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, Inc. has a fifty-two week low of $59.51 and a fifty-two week high of $89.57.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings data on Wednesday, November 5th. The information technology services provider reported $1.51 EPS for the quarter, topping the consensus estimate of $1.48 by $0.03. The business had revenue of $2.72 billion for the quarter, compared to analyst estimates of $2.65 billion. Fidelity National Information Services had a net margin of 1.09% and a return on equity of 18.73%. The company’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.40 earnings per share. Fidelity National Information Services has set its FY 2025 guidance at 5.740-5.780 EPS. On average, equities research analysts forecast that Fidelity National Information Services, Inc. will post 5.74 earnings per share 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. Shareholders of record on Tuesday, December 9th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Tuesday, December 9th. Fidelity National Information Services’s dividend 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.