Creative Planning Grows Stock Holdings in Fidelity National Information Services, Inc. $FIS

Creative Planning lifted its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 3.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 106,279 shares of the information technology services provider’s stock after acquiring an additional 3,720 shares during the quarter. Creative Planning’s holdings in Fidelity National Information Services were worth $8,652,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FIS. Meeder Asset Management Inc. grew its position in 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 worth $26,000 after purchasing an additional 164 shares during the period. NewSquare Capital LLC boosted its stake in shares of Fidelity National Information Services by 115.1% in the second quarter. NewSquare Capital LLC now owns 357 shares of the information technology services provider’s stock worth $29,000 after buying an additional 191 shares during the last quarter. Hazlett Burt & Watson Inc. grew its holdings 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 during the period. Cary Street Partners Investment Advisory LLC grew its holdings in 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 worth $33,000 after acquiring an additional 223 shares during the period. Finally, Valued Wealth Advisors LLC purchased a new position in Fidelity National Information Services during the second quarter valued at approximately $42,000. 96.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein purchased 889 shares of Fidelity National Information Services stock in a transaction that occurred on Wednesday, October 15th. The stock was purchased at an average price of $67.66 per share, for a total transaction of $60,149.74. Following the transaction, the director directly owned 13,588 shares in the company, 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 filing with the SEC, which is available through the SEC website. 0.21% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

FIS has been the topic of several recent research reports. UBS Group upped their price objective on Fidelity National Information Services from $82.00 to $83.00 and gave the stock a “buy” rating in a research report on Thursday, November 6th. Keefe, Bruyette & Woods lowered their price target on shares of Fidelity National Information Services from $88.00 to $85.00 and set an “outperform” rating on the stock in a report on Wednesday, October 1st. JPMorgan Chase & Co. dropped their price target on shares of Fidelity National Information Services from $85.00 to $80.00 and set an “overweight” rating on the stock in a research report on Thursday, November 6th. Truist Financial cut their price objective on shares of Fidelity National Information Services from $75.00 to $72.00 and set a “hold” rating for the company in a report on Friday, October 24th. Finally, Stephens lowered their target price on shares of Fidelity National Information Services from $100.00 to $90.00 and set an “overweight” rating on the stock in a research note on Thursday, October 16th. Twelve investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $85.53.

Fidelity National Information Services Stock Down 1.2%

Fidelity National Information Services stock opened at $63.18 on Wednesday. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.59 and a quick ratio of 0.59. The stock has a market capitalization of $32.72 billion, a PE ratio of 351.01 and a beta of 1.01. The business has a 50 day simple moving average of $65.79 and a 200-day simple moving average of $73.17. Fidelity National Information Services, Inc. has a 12 month low of $59.51 and a 12 month high of $87.79.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings results on Wednesday, November 5th. The information technology services provider reported $1.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.48 by $0.03. The firm had revenue of $2.72 billion for the quarter, compared to analysts’ expectations 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 last year, the company earned $1.40 EPS. Fidelity National Information Services has set its FY 2025 guidance at 5.740-5.780 EPS. On average, analysts anticipate that Fidelity National Information Services, Inc. will post 5.74 EPS for the current fiscal year.

Fidelity National Information Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 23rd. Stockholders of record on Tuesday, December 9th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Tuesday, December 9th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.5%. Fidelity National Information Services’s payout ratio is currently 592.59%.

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.