Fidelity National Information Services, Inc. $FIS Shares Sold by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. lowered its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 32.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 368,841 shares of the information technology services provider’s stock after selling 179,272 shares during the period. Nomura Asset Management Co. Ltd. owned about 0.07% of Fidelity National Information Services worth $30,027,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of FIS. Rockefeller Capital Management L.P. raised its position in shares of Fidelity National Information Services by 27.0% during the 2nd quarter. Rockefeller Capital Management L.P. now owns 26,762 shares of the information technology services provider’s stock worth $2,179,000 after purchasing an additional 5,683 shares during the last quarter. Citizens Financial Group Inc. RI purchased a new position in Fidelity National Information Services during the second quarter worth $275,000. Avantax Advisory Services Inc. raised its holdings in shares of Fidelity National Information Services by 16.0% in the second quarter. Avantax Advisory Services Inc. now owns 46,314 shares of the information technology services provider’s stock worth $3,770,000 after acquiring an additional 6,393 shares during the last quarter. ProVise Management Group LLC lifted its position in shares of Fidelity National Information Services by 0.7% in the second quarter. ProVise Management Group LLC now owns 47,696 shares of the information technology services provider’s stock valued at $3,883,000 after acquiring an additional 335 shares in the last quarter. Finally, Intech Investment Management LLC boosted its stake in shares of Fidelity National Information Services by 16.5% during the second quarter. Intech Investment Management LLC now owns 54,276 shares of the information technology services provider’s stock valued at $4,419,000 after acquiring an additional 7,688 shares during the last quarter. 96.23% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein acquired 889 shares of the firm’s stock in a transaction on Wednesday, October 15th. The stock was bought at an average cost of $67.66 per share, for a total transaction of $60,149.74. Following the completion of the purchase, the director directly owned 13,588 shares in the company, valued at $919,364.08. This represents a 7.00% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.21% of the stock is currently owned by company insiders.

Fidelity National Information Services Stock Down 1.2%

Shares of NYSE FIS opened at $63.18 on Wednesday. The stock has a market capitalization of $32.72 billion, a PE ratio of 351.01 and a beta of 1.01. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.63. The firm has a fifty day moving average of $65.79 and a 200-day moving average of $73.17. Fidelity National Information Services, Inc. has a 52-week low of $59.51 and a 52-week high of $87.79.

Fidelity National Information Services (NYSE:FIS) last issued its earnings results on Wednesday, November 5th. The information technology services provider reported $1.51 earnings per share for the quarter, topping the consensus estimate of $1.48 by $0.03. Fidelity National Information Services had a return on equity of 18.73% and a net margin of 1.09%.The business had revenue of $2.72 billion for the quarter, compared to analyst estimates of $2.65 billion. During the same period last year, the company posted $1.40 EPS. The business’s quarterly revenue was up 5.7% on a year-over-year basis. 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 year.

Fidelity National Information Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 23rd. Investors of record on Tuesday, December 9th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis 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 592.59%.

Analysts Set New Price Targets

A number of research firms have issued reports on FIS. JPMorgan Chase & Co. reduced their target price 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, November 6th. Wells Fargo & Company began coverage on shares of Fidelity National Information Services in a research note on Wednesday, October 22nd. They set an “overweight” rating and a $81.00 price objective on the stock. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Fidelity National Information Services in a research note on Wednesday, October 8th. Jefferies Financial Group reduced their price target on Fidelity National Information Services from $75.00 to $70.00 and set a “hold” rating on the stock in a research note on Tuesday, October 14th. Finally, Citigroup raised Fidelity National Information Services to a “hold” rating in a research report on Thursday, October 23rd. Twelve research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $85.53.

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.