Praxis Investment Management Inc. Has $349,000 Stock Holdings in Fidelity National Information Services, Inc. $FIS

Key Points

• Praxis Investment Management Inc. reduced its holdings in Fidelity National Information Services, Inc. by 65.3%, now owning 4,290 shares worth approximately $349,000.
• A number of hedge funds have recently adjusted their positions in Fidelity National Information Services, indicating continued interest in the stock among institutional investors.
• Fidelity National Information Services announced a quarterly dividend of $0.40, resulting in an annualized yield of 2.4%, despite a high dividend payout ratio of 888.89%.

Praxis Investment Management Inc. decreased its holdings in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 65.3% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,290 shares of the information technology services provider's stock after selling 8,090 shares during the quarter. Praxis Investment Management Inc.'s holdings in Fidelity National Information Services were worth $349,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the business. Monetary Management Group Inc. raised its stake in shares of Fidelity National Information Services by 2.8% in the 1st quarter. Monetary Management Group Inc. now owns 4,960 shares of the information technology services provider's stock valued at $370,000 after buying an additional 135 shares in the last quarter. Phoenix Wealth Advisors increased its position in shares of Fidelity National Information Services by 0.4% during the 1st quarter. Phoenix Wealth Advisors now owns 30,861 shares of the information technology services provider's stock worth $2,305,000 after purchasing an additional 135 shares in the last quarter. CX Institutional increased its position in shares of Fidelity National Information Services by 2.3% during the 2nd quarter. CX Institutional now owns 6,317 shares of the information technology services provider's stock worth $514,000 after purchasing an additional 140 shares in the last quarter. Stonebrook Private Inc. increased its position in shares of Fidelity National Information Services by 0.6% during the 1st quarter. Stonebrook Private Inc. now owns 24,424 shares of the information technology services provider's stock worth $1,824,000 after purchasing an additional 146 shares in the last quarter. Finally, Private Trust Co. NA increased its position in shares of Fidelity National Information Services by 9.9% during the 1st quarter. Private Trust Co. NA now owns 1,660 shares of the information technology services provider's stock worth $124,000 after purchasing an additional 149 shares in the last quarter. Institutional investors and hedge funds own 96.23% of the company's stock.

Insider Activity

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein bought 889 shares of Fidelity National Information Services stock in a transaction dated Wednesday, October 15th. The shares were bought at an average price of $67.66 per share, with a total value of $60,149.74. Following the purchase, the director owned 13,588 shares of the company's stock, valued at $919,364.08. This trade represents a 7.00% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.21% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on FIS. Keefe, Bruyette & Woods dropped their target price on shares of Fidelity National Information Services from $88.00 to $85.00 and set an "outperform" rating for the company in a research report on Wednesday, October 1st. Truist Financial increased their target price on shares of Fidelity National Information Services from $84.00 to $85.00 and gave the stock a "hold" rating in a research report on Thursday, July 17th. Stephens dropped their target price 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. UBS Group upgraded shares of Fidelity National Information Services from a "neutral" rating to a "buy" rating and set a $82.00 target price for the company in a research report on Tuesday, September 30th. Finally, Jefferies Financial Group decreased their price objective on shares of Fidelity National Information Services from $75.00 to $70.00 and set a "hold" rating on the stock in a report on Tuesday, October 14th. Thirteen investment analysts have rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $89.33.

Fidelity National Information Services Stock Up 1.8%

Shares of NYSE:FIS opened at $66.96 on Friday. The firm has a market cap of $34.98 billion, a P/E ratio of 372.04 and a beta of 1.05. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.63. Fidelity National Information Services, Inc. has a 12 month low of $63.00 and a 12 month high of $91.98. The company's 50-day moving average price is $67.92 and its two-hundred day moving average price is $74.58.

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. The company had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.57 billion. Fidelity National Information Services had a net margin of 1.09% and a return on equity of 18.73%. The company's revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.36 EPS. 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. As a group, research analysts forecast that Fidelity National Information Services, Inc. will post 5.74 EPS for the current fiscal year.

Fidelity National Information Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 24th. Stockholders of record on Wednesday, September 10th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend was Wednesday, September 10th. Fidelity National Information Services's dividend payout ratio (DPR) is 888.89%.

Fidelity National Information Services 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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