HB Wealth Management LLC Sells 18,158 Shares of Fidelity National Information Services, Inc. $FIS

Key Points

• HB Wealth Management LLC has reduced its stake in Fidelity National Information Services, Inc. by 24.7%, selling 18,158 shares during the second quarter and now holding 55,233 shares valued at $4,497,000.
• Multiple analysts have issued mixed ratings on Fidelity National Information Services, with 13 "Buy" ratings and a consensus average price target of $91.00.
• The company recently declared a quarterly dividend of $0.40 per share, yielding approximately 2.4%, although its payout ratio currently stands at an unusually high 888.89%.

HB Wealth Management LLC lowered its position in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 24.7% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 55,233 shares of the information technology services provider's stock after selling 18,158 shares during the period. HB Wealth Management LLC's holdings in Fidelity National Information Services were worth $4,497,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of FIS. Monetary Management Group Inc. increased its stake in shares of Fidelity National Information Services by 2.8% during the first quarter. Monetary Management Group Inc. now owns 4,960 shares of the information technology services provider's stock worth $370,000 after purchasing an additional 135 shares in the last quarter. Phoenix Wealth Advisors boosted its position in Fidelity National Information Services by 0.4% during the first quarter. Phoenix Wealth Advisors now owns 30,861 shares of the information technology services provider's stock worth $2,305,000 after acquiring an additional 135 shares during the last quarter. CX Institutional boosted its position in Fidelity National Information Services by 2.3% during the second quarter. CX Institutional now owns 6,317 shares of the information technology services provider's stock worth $514,000 after acquiring an additional 140 shares during the last quarter. Stonebrook Private Inc. boosted its position in Fidelity National Information Services by 0.6% during the first quarter. Stonebrook Private Inc. now owns 24,424 shares of the information technology services provider's stock worth $1,824,000 after acquiring an additional 146 shares during the last quarter. Finally, Integrated Advisors Network LLC boosted its position in Fidelity National Information Services by 4.7% during the first quarter. Integrated Advisors Network LLC now owns 3,284 shares of the information technology services provider's stock worth $245,000 after acquiring an additional 147 shares during the last quarter. Institutional investors own 96.23% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Truist Financial boosted their target price on shares of Fidelity National Information Services from $84.00 to $85.00 and gave the company a "hold" rating in a report on Thursday, July 17th. Susquehanna decreased their target price on shares of Fidelity National Information Services from $81.00 to $77.00 and set a "neutral" rating on the stock in a report on Friday, September 12th. Robert W. Baird boosted their target price on shares of Fidelity National Information Services from $82.00 to $86.00 and gave the company a "neutral" rating in a report on Wednesday, July 16th. UBS Group upgraded shares of Fidelity National Information Services from a "neutral" rating to a "buy" rating and set a $82.00 target price on the stock in a report on Tuesday. Finally, Keefe, Bruyette & Woods decreased their target price 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. Thirteen investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $91.00.

Fidelity National Information Services Trading Up 0.8%

Shares of NYSE:FIS opened at $66.47 on Thursday. Fidelity National Information Services, Inc. has a 52 week low of $63.00 and a 52 week high of $91.98. The company's 50 day moving average is $70.32 and its two-hundred day moving average is $75.15. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.63. The company has a market cap of $34.72 billion, a PE ratio of 369.27 and a beta of 1.05.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last issued its earnings results on Tuesday, August 5th. The information technology services provider reported $1.36 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.36. Fidelity National Information Services had a net margin of 1.09% and a return on equity of 18.73%. The business had revenue of $2.62 billion during the quarter, compared to analysts' expectations of $2.57 billion. During the same quarter in the prior year, the business posted $1.36 EPS. The company'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. Equities analysts predict that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current fiscal year.

Fidelity National Information Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 24th. Investors of record on Wednesday, September 10th were paid a dividend of $0.40 per share. The ex-dividend date was Wednesday, September 10th. This represents a $1.60 dividend on an annualized basis and a yield of 2.4%. Fidelity National Information Services's dividend payout ratio is currently 888.89%.

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.

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