Carnegie Investment Counsel Reduces Holdings in Fidelity National Information Services, Inc. $FIS

Carnegie Investment Counsel trimmed its stake in Fidelity National Information Services, Inc. (NYSE:FIS) by 29.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,639 shares of the information technology services provider’s stock after selling 3,204 shares during the period. Carnegie Investment Counsel’s holdings in Fidelity National Information Services were worth $622,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new stake in shares of Fidelity National Information Services in the 2nd quarter worth about $79,000. Capital Investment Services of America Inc. purchased a new position in Fidelity National Information Services during the 2nd quarter valued at about $200,000. Ethic Inc. lifted its position in Fidelity National Information Services by 9.0% during the 2nd quarter. Ethic Inc. now owns 80,474 shares of the information technology services provider’s stock valued at $6,502,000 after acquiring an additional 6,626 shares during the period. Caliber Wealth Management LLC KS lifted its position in Fidelity National Information Services by 5.8% during the 2nd quarter. Caliber Wealth Management LLC KS now owns 37,341 shares of the information technology services provider’s stock valued at $3,040,000 after acquiring an additional 2,034 shares during the period. Finally, FNY Investment Advisers LLC purchased a new position in Fidelity National Information Services during the 2nd quarter valued at about $54,000. 96.23% of the stock is owned by hedge funds and other institutional investors.

Fidelity National Information Services Stock Performance

Shares of FIS stock opened at $67.85 on Monday. The company has a 50 day moving average price of $67.56 and a 200-day moving average price of $74.52. Fidelity National Information Services, Inc. has a 52 week low of $63.00 and a 52 week high of $91.98. The firm has a market capitalization of $35.44 billion, a PE ratio of 376.97 and a beta of 1.05. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.63.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings results on Tuesday, August 5th. The information technology services provider reported $1.36 EPS for the quarter, hitting 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 during the quarter, compared to analyst estimates of $2.57 billion. During the same period in the previous year, the business posted $1.36 earnings per share. The business’s revenue for the quarter 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. As a group, equities research analysts expect that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current year.

Fidelity National Information Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 24th. Investors of record on Wednesday, September 10th were issued a $0.40 dividend. The ex-dividend date of this dividend was Wednesday, September 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.4%. Fidelity National Information Services’s dividend payout ratio (DPR) is presently 888.89%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on FIS. Wells Fargo & Company began coverage on shares of Fidelity National Information Services in a research report on Wednesday, October 22nd. They set an “overweight” rating and a $81.00 price target for the company. KeyCorp restated a “hold” rating on shares of Fidelity National Information Services in a research note on Wednesday, October 22nd. Stephens reduced their price objective on shares of Fidelity National Information Services from $100.00 to $90.00 and set an “overweight” rating for the company in a research note on Thursday, October 16th. 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. Finally, 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. Thirteen 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. Based on data from MarketBeat.com, Fidelity National Information Services has an average rating of “Moderate Buy” and an average price target of $87.94.

Insider Activity

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein acquired 889 shares of the company’s stock in a transaction that occurred on Wednesday, October 15th. The shares were 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 owned 13,588 shares in the company, valued at $919,364.08. This represents a 7.00% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.21% of the company’s stock.

Fidelity National Information Services 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.