Wealth Enhancement Advisory Services LLC Purchases 18,155 Shares of Fidelity National Information Services, Inc. $FIS

Key Points

• Wealth Enhancement Advisory Services LLC increased its stake in Fidelity National Information Services by 17.5%, acquiring an additional 18,155 shares, bringing its total holdings to 121,893 shares valued at approximately $9.97 million.
• Fidelity National Information Services has received a mix of ratings from analysts, with price targets ranging from $77.00 to $91.17, reflecting a consensus rating of 'Moderate Buy'.
• The company recently declared a quarterly dividend of $0.40 per share, with a dividend yield of 2.5%, scheduled for payment on September 24th.

Wealth Enhancement Advisory Services LLC boosted its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 17.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 121,893 shares of the information technology services provider's stock after buying an additional 18,155 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Fidelity National Information Services were worth $9,967,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FIS. Monetary Management Group Inc. increased its holdings 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 acquiring an additional 135 shares during the period. Phoenix Wealth Advisors increased its holdings in shares of Fidelity National Information Services by 0.4% in the 1st quarter. Phoenix Wealth Advisors now owns 30,861 shares of the information technology services provider's stock valued at $2,305,000 after acquiring an additional 135 shares during the period. Retirement Wealth Solutions LLC increased its holdings in shares of Fidelity National Information Services by 3.7% in the 1st quarter. Retirement Wealth Solutions LLC now owns 4,140 shares of the information technology services provider's stock valued at $309,000 after acquiring an additional 146 shares during the period. Stonebrook Private Inc. increased its holdings in shares of Fidelity National Information Services by 0.6% in the 1st quarter. Stonebrook Private Inc. now owns 24,424 shares of the information technology services provider's stock valued at $1,824,000 after acquiring an additional 146 shares during the period. Finally, Integrated Advisors Network LLC increased its holdings in shares of Fidelity National Information Services by 4.7% in the 1st quarter. Integrated Advisors Network LLC now owns 3,284 shares of the information technology services provider's stock valued at $245,000 after acquiring an additional 147 shares during the period. 96.23% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

FIS has been the topic of a number of analyst reports. Keefe, Bruyette & Woods cut their price target on Fidelity National Information Services from $92.00 to $88.00 and set an "outperform" rating on the stock in a report on Wednesday, August 6th. Susquehanna cut their price target on 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. UBS Group cut their price target on Fidelity National Information Services from $84.00 to $82.00 and set a "neutral" rating on the stock in a report on Wednesday, August 6th. Truist Financial raised their price objective on 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. Finally, Robert W. Baird raised their price objective on Fidelity National Information Services from $82.00 to $86.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 16th. Twelve analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $91.17.

Fidelity National Information Services Stock Performance

Shares of FIS opened at $64.50 on Tuesday. The stock has a 50-day moving average of $72.51 and a two-hundred day moving average of $75.47. Fidelity National Information Services, Inc. has a one year low of $64.26 and a one year high of $91.98. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.59 and a current ratio of 0.59. The stock has a market cap of $33.69 billion, a P/E ratio of 358.35 and a beta of 1.05.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The information technology services provider reported $1.36 EPS for the quarter, hitting analysts' consensus estimates of $1.36. Fidelity National Information Services had a return on equity of 18.73% and a net margin of 1.09%.The company had revenue of $2.62 billion during the quarter, compared to analysts' expectations of $2.57 billion. During the same quarter in the previous year, the firm posted $1.36 EPS. The firm's revenue was up 5.1% compared to the same quarter last year. 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 predict that Fidelity National Information Services, Inc. will post 5.74 EPS for the current year.

Fidelity National Information Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 24th. Shareholders of record on Wednesday, September 10th will be paid a dividend of $0.40 per share. The ex-dividend date is Wednesday, September 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.5%. Fidelity National Information Services's dividend payout ratio (DPR) is presently 888.89%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.