Insider Buying: Fidelity National Information Services (NYSE:FIS) Director Purchases 889 Shares of Stock

Key Points

• Director Jeffrey Goldstein of Fidelity National Information Services purchased 889 shares at an average price of $67.66, increasing his ownership by 7.00%.
• The company's stock saw a 1.8% increase, reaching $66.96, with a market capitalization of approximately $34.98 billion.
• Fidelity National Information Services also declared a quarterly dividend of $0.40 per share, representing a 2.4% yield and a payout ratio of 888.89%.

Fidelity National Information Services, Inc. (NYSE:FIS - Get Free Report) Director Jeffrey Goldstein purchased 889 shares of the stock in a transaction dated Wednesday, October 15th. The stock was bought at an average cost of $67.66 per share, with a total value of $60,149.74. Following the completion of the purchase, the director owned 13,588 shares in the company, valued at $919,364.08. The trade was a 7.00% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Fidelity National Information Services Stock Up 1.8%

Shares of FIS traded up $1.15 on Friday, hitting $66.96. The company's stock had a trading volume of 2,687,199 shares, compared to its average volume of 3,706,474. 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's fifty day moving average price is $68.00 and its 200-day moving average price is $74.64. Fidelity National Information Services, Inc. has a fifty-two week low of $63.00 and a fifty-two week high of $91.98. The firm has a market capitalization of $34.98 billion, a price-to-earnings ratio of 372.04 and a beta of 1.05.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The information technology services provider reported $1.36 earnings per share 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 firm had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $2.57 billion. During the same quarter in the prior year, the firm posted $1.36 EPS. The business's revenue 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. On average, equities research analysts expect that Fidelity National Information Services, Inc. will post 5.74 EPS for the current year.

Fidelity National Information Services Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 24th. Shareholders of record on Wednesday, September 10th were given a dividend of $0.40 per share. The ex-dividend date of this dividend 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 888.89%.

Institutional Investors Weigh In On Fidelity National Information Services

Large investors have recently added to or reduced their stakes in the business. Monetary Management Group Inc. raised its holdings in shares of Fidelity National Information Services by 2.8% in the first quarter. Monetary Management Group Inc. now owns 4,960 shares of the information technology services provider's stock worth $370,000 after buying an additional 135 shares during the period. Phoenix Wealth Advisors grew its stake in Fidelity National Information Services by 0.4% in the first 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 grew its stake in Fidelity National Information Services by 2.3% in the second 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. grew its stake in Fidelity National Information Services by 0.6% in the first 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 grew its stake in Fidelity National Information Services by 9.9% in the first 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 own 96.23% of the company's stock.

Analyst Ratings Changes

FIS has been the subject of a number of recent research reports. UBS Group raised Fidelity National Information Services from a "neutral" rating to a "buy" rating and set a $82.00 price target for the company in a research report on Tuesday, September 30th. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Fidelity National Information Services in a research report on Wednesday, October 8th. Robert W. Baird upped their price target 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. Keefe, Bruyette & Woods reduced their price target on 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. Finally, Truist Financial upped their price objective on Fidelity National Information Services from $84.00 to $85.00 and gave the stock a "hold" rating in a research note on Thursday, July 17th. Thirteen investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Fidelity National Information Services currently has a consensus rating of "Moderate Buy" and an average target price of $91.06.

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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