Gries Financial LLC Invests $205,000 in Fidelity National Information Services, Inc. $FIS

Gries Financial LLC bought a new stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) during the 2nd quarter, HoldingsChannel reports. The institutional investor bought 2,515 shares of the information technology services provider’s stock, valued at approximately $205,000.

Several other large investors have also added to or reduced their stakes in FIS. Sierra Ocean LLC lifted its stake in Fidelity National Information Services by 356.0% in the first quarter. Sierra Ocean LLC now owns 342 shares of the information technology services provider’s stock valued at $26,000 after buying an additional 267 shares during the period. YANKCOM Partnership increased its stake in shares of Fidelity National Information Services by 118.8% in the 1st quarter. YANKCOM Partnership now owns 350 shares of the information technology services provider’s stock valued at $26,000 after acquiring an additional 190 shares in the last quarter. Meeder Asset Management Inc. lifted its position in shares of Fidelity National Information Services by 92.1% during the 1st quarter. Meeder Asset Management Inc. now owns 342 shares of the information technology services provider’s stock valued at $26,000 after acquiring an additional 164 shares during the period. Hazlett Burt & Watson Inc. boosted its stake in 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 worth $29,000 after acquiring an additional 250 shares in the last quarter. Finally, Kennebec Savings Bank grew its holdings in Fidelity National Information Services by 71.3% in the first quarter. Kennebec Savings Bank now owns 447 shares of the information technology services provider’s stock worth $33,000 after purchasing an additional 186 shares during the period. Institutional investors and hedge funds own 96.23% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on FIS. Keefe, Bruyette & Woods cut their price objective on shares of Fidelity National Information Services from $92.00 to $88.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 6th. Robert W. Baird raised their price objective on 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. Susquehanna decreased their price objective on Fidelity National Information Services from $81.00 to $77.00 and set a “neutral” rating for the company in a report on Friday, September 12th. Truist Financial increased their target price on Fidelity National Information Services from $84.00 to $85.00 and gave the stock a “hold” rating in a report on Thursday, July 17th. Finally, UBS Group reduced their price target on shares of Fidelity National Information Services from $84.00 to $82.00 and set a “neutral” rating for the company in a research report on Wednesday, August 6th. Twelve equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $91.17.

Fidelity National Information Services Trading Down 2.2%

Shares of Fidelity National Information Services stock opened at $63.24 on Wednesday. The company has a market capitalization of $33.04 billion, a P/E ratio of 351.36 and a beta of 1.05. The stock has a fifty day simple moving average of $72.20 and a 200 day simple moving average of $75.39. Fidelity National Information Services, Inc. has a 12-month low of $63.19 and a 12-month high of $91.98. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.63.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings data on Tuesday, August 5th. The information technology services provider reported $1.36 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.36. The firm had revenue of $2.62 billion for the quarter, compared to the consensus estimate of $2.57 billion. Fidelity National Information Services had a net margin of 1.09% and a return on equity of 18.73%. The business’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.36 EPS. 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, sell-side analysts anticipate 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 company also recently announced a quarterly dividend, which will be paid on Wednesday, September 24th. Shareholders of record on Wednesday, September 10th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a $1.60 annualized dividend and a dividend yield of 2.5%. Fidelity National Information Services’s dividend payout ratio (DPR) is currently 888.89%.

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.