State Street Corp Has $2.01 Billion Stock Holdings in Fidelity National Information Services, Inc. $FIS

State Street Corp decreased its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 2.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 24,707,201 shares of the information technology services provider’s stock after selling 587,105 shares during the period. State Street Corp owned approximately 4.73% of Fidelity National Information Services worth $2,011,413,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of FIS. Daiwa Securities Group Inc. increased its position in Fidelity National Information Services by 4.2% during the second quarter. Daiwa Securities Group Inc. now owns 79,107 shares of the information technology services provider’s stock worth $6,440,000 after acquiring an additional 3,220 shares during the period. Rivulet Capital LLC increased its holdings in shares of Fidelity National Information Services by 29.8% during the second quarter. Rivulet Capital LLC now owns 925,100 shares of the information technology services provider’s stock worth $75,312,000 after purchasing an additional 212,600 shares during the period. Natixis raised its position in shares of Fidelity National Information Services by 25.8% in the second quarter. Natixis now owns 21,738 shares of the information technology services provider’s stock valued at $1,770,000 after buying an additional 4,458 shares in the last quarter. Ossiam boosted its stake in shares of Fidelity National Information Services by 33.0% in the second quarter. Ossiam now owns 24,475 shares of the information technology services provider’s stock valued at $1,993,000 after buying an additional 6,068 shares during the period. Finally, California Public Employees Retirement System grew its position in Fidelity National Information Services by 3.5% during the second quarter. California Public Employees Retirement System now owns 912,778 shares of the information technology services provider’s stock worth $74,309,000 after buying an additional 30,896 shares in the last quarter. Institutional investors own 96.23% of the company’s stock.

Fidelity National Information Services Stock Up 2.2%

Shares of NYSE:FIS opened at $66.61 on Thursday. Fidelity National Information Services, Inc. has a 52-week low of $59.51 and a 52-week high of $85.85. The company has a market capitalization of $34.50 billion, a PE ratio of 246.72 and a beta of 0.92. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.53 and a current ratio of 0.53. The company has a fifty day moving average of $65.66 and a 200-day moving average of $71.73.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings data on Wednesday, November 5th. The information technology services provider reported $1.51 earnings per share for the quarter, topping analysts’ consensus estimates of $1.48 by $0.03. Fidelity National Information Services had a return on equity of 19.76% and a net margin of 1.45%.The business had revenue of $2.72 billion for the quarter, compared to analyst estimates of $2.65 billion. During the same quarter in the previous year, the company posted $1.40 EPS. Fidelity National Information Services’s quarterly 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. On average, equities analysts predict that Fidelity National Information Services, Inc. will post 5.74 EPS for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 23rd. Stockholders of record on Tuesday, December 9th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Tuesday, December 9th. This represents a $1.60 annualized dividend and a dividend yield of 2.4%. Fidelity National Information Services’s dividend payout ratio is currently 592.59%.

Insider Transactions at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein bought 889 shares of the business’s stock in a transaction that occurred on Wednesday, October 15th. The shares were acquired at an average cost 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 represents a 7.00% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.21% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. JPMorgan Chase & Co. dropped their price objective on Fidelity National Information Services from $85.00 to $80.00 and set an “overweight” rating for the company in a report on Thursday, November 6th. Susquehanna dropped their price target on Fidelity National Information Services from $81.00 to $77.00 and set a “neutral” rating for the company in a research note on Friday, September 12th. Stephens cut 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 report on Thursday, October 16th. Citigroup raised shares of Fidelity National Information Services to a “hold” rating in a report on Thursday, October 23rd. Finally, KeyCorp restated a “hold” rating on shares of Fidelity National Information Services in a research report on Wednesday, October 22nd. Twelve investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $85.41.

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.