Richard Bernstein Advisors LLC decreased its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS – Free Report) by 45.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,274 shares of the information technology services provider’s stock after selling 20,122 shares during the quarter. Richard Bernstein Advisors LLC’s holdings in Fidelity National Information Services were worth $1,601,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. Raiffeisen Bank International AG purchased a new position in shares of Fidelity National Information Services during the third quarter worth approximately $29,000. LRI Investments LLC boosted its holdings in shares of Fidelity National Information Services by 613.1% in the third quarter. LRI Investments LLC now owns 435 shares of the information technology services provider’s stock valued at $29,000 after purchasing an additional 374 shares during the period. Root Financial Partners LLC bought a new position in Fidelity National Information Services in the third quarter worth approximately $29,000. Steigerwald Gordon & Koch Inc. bought a new position in Fidelity National Information Services in the third quarter worth approximately $37,000. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new stake in Fidelity National Information Services during the 3rd quarter valued at $43,000. 96.23% of the stock is owned by hedge funds and other institutional investors.
Fidelity National Information Services Price Performance
NYSE:FIS opened at $50.54 on Wednesday. Fidelity National Information Services, Inc. has a one year low of $46.16 and a one year high of $82.74. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.59 and a current ratio of 0.59. The stock has a 50 day moving average price of $55.80 and a 200 day moving average price of $62.61. The stock has a market cap of $26.00 billion, a PE ratio of 69.23, a P/E/G ratio of 0.50 and a beta of 0.90.
Fidelity National Information Services Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 24th. Shareholders of record on Tuesday, March 10th will be issued a dividend of $0.44 per share. This is a boost from Fidelity National Information Services’s previous quarterly dividend of $0.40. The ex-dividend date is Tuesday, March 10th. This represents a $1.76 dividend on an annualized basis and a yield of 3.5%. Fidelity National Information Services’s dividend payout ratio (DPR) is currently 219.18%.
Insider Buying and Selling at Fidelity National Information Services
In related news, Director Jeffrey A. Goldstein bought 941 shares of the stock in a transaction that occurred on Thursday, January 15th. The stock was purchased at an average cost of $64.11 per share, with a total value of $60,327.51. Following the purchase, the director directly owned 14,529 shares of the company’s stock, valued at $931,454.19. This trade represents a 6.93% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Stephanie Ferris bought 19,846 shares of the business’s stock in a transaction that occurred on Thursday, March 5th. The shares were purchased at an average price of $50.39 per share, for a total transaction of $1,000,039.94. Following the completion of the purchase, the chief executive officer directly owned 281,458 shares of the company’s stock, valued at approximately $14,182,668.62. This trade represents a 7.59% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 0.21% of the stock is currently owned by company insiders.
Trending Headlines about Fidelity National Information Services
Here are the key news stories impacting Fidelity National Information Services this week:
- Positive Sentiment: CEO Stephanie Ferris bought 19,846 shares (~$1.0M at ~$50.39), increasing her stake — a direct insider vote of confidence that can support the stock. Insider Buying: Fidelity National Information Services (NYSE:FIS) CEO Purchases 19,846 Shares of Stock
- Positive Sentiment: Goldman Sachs initiated coverage with a Buy and $70 price target, implying ~38% upside from current levels — a notable institutional vote that can attract buyers. Fidelity National Information Services is now covered by The Goldman Sachs Group, Inc.
- Positive Sentiment: Company recently raised the quarterly dividend to $0.44 (annualized $1.76, ~3.4% yield) — supportive for income?oriented shareholders. Fidelity National Information Services Price Performance
- Neutral Sentiment: FIS will present at Wells Fargo’s Payments & Fintech Symposium (Mar 18) and recently spoke at Wolfe Research FinTech Forum — events that provide management updates and can move the stock if new guidance or wins are announced. FIS to Present at Upcoming Conference FIS Presents at Wolfe Research FinTech Forum Transcript
- Neutral Sentiment: FIS priced multicurrency senior notes (debt issuance) — standard funding action; watch use of proceeds and cost of debt for leverage/interest?coverage implications. Fidelity National Information Services Prices Multicurrency Senior Notes
- Neutral Sentiment: Coverage and comparison pieces (e.g., vs. peers Corpay, OppFi) keep FIS in analysts’ screens but are informational rather than immediate drivers. Head to Head Contrast: FIS & Corpay
- Negative Sentiment: Analyst actions have been mixed: several firms trimmed targets (TD Cowen, Wells Fargo, Citi cuts noted) and Market commentary points to FIS underperforming the wider technology sector — pressure from multiple target reductions and sector weakness is likely weighing on the stock today. Fidelity National Information Services Stock: Is FIS Underperforming the Technology Sector?
Wall Street Analysts Forecast Growth
A number of analysts recently weighed in on FIS shares. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $70.00 price objective on shares of Fidelity National Information Services in a research note on Thursday, January 15th. TD Cowen reduced their price target on Fidelity National Information Services from $89.00 to $78.00 and set a “buy” rating on the stock in a research report on Wednesday, February 25th. Citigroup lowered their target price on shares of Fidelity National Information Services from $70.00 to $53.00 and set a “neutral” rating for the company in a research note on Wednesday, February 25th. Susquehanna reduced their price objective on Fidelity National Information Services from $69.00 to $55.00 and set a “neutral” rating for the company in a research note on Wednesday, February 25th. Finally, Cantor Fitzgerald initiated coverage on shares of Fidelity National Information Services in a report on Tuesday, January 27th. They issued an “overweight” rating and a $72.00 price target on the stock. Fourteen research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Fidelity National Information Services presently has an average rating of “Moderate Buy” and a consensus target price of $69.86.
View Our Latest Research Report on FIS
Fidelity National Information Services Company Profile
Fidelity National Information Services (NYSE: FIS) is a global provider of financial technology solutions and services for banks, capital markets firms, merchants and corporations. The company develops and delivers software, processing, and outsourcing services that support core banking, payments and merchant acquiring, wealth and retirement platforms, risk and compliance, and trading and capital markets operations. Its offerings include cloud-based and on-premises core banking systems, card processing and gateway services, e-commerce and point-of-sale payment solutions, and a range of back-office and advisory services designed to automate and modernize financial operations.
FIS serves a broad international client base across North America, Europe, Latin America, and the Asia-Pacific region through a combination of direct clients and partner channels.
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