USS Investment Management Ltd Reduces Stock Position in Fidelity National Information Services, Inc. (NYSE:FIS)

22 May 2025, 06:52 by Teresa Graham · The Cerbat Gem

USS Investment Management Ltd lowered its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS – Free Report) by 12.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 92,761 shares of the information technology services provider’s stock after selling 13,148 shares during the quarter. USS Investment Management Ltd’s holdings in Fidelity National Information Services were worth $7,495,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Norges Bank purchased a new stake in Fidelity National Information Services in the 4th quarter valued at $635,202,000. Raymond James Financial Inc. acquired a new position in Fidelity National Information Services in the 4th quarter valued at $451,458,000. Arrowstreet Capital Limited Partnership increased its stake in shares of Fidelity National Information Services by 100.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,231,856 shares of the information technology services provider’s stock worth $261,037,000 after acquiring an additional 1,616,146 shares during the period. KBC Group NV raised its stake in shares of Fidelity National Information Services by 1,390.5% during the 4th quarter. KBC Group NV now owns 1,180,258 shares of the information technology services provider’s stock worth $95,330,000 after buying an additional 1,101,072 shares in the last quarter. Finally, Capital Research Global Investors raised its position in Fidelity National Information Services by 3.8% in the fourth quarter. Capital Research Global Investors now owns 29,433,286 shares of the information technology services provider’s stock worth $2,377,325,000 after acquiring an additional 1,082,929 shares in the last quarter. 96.23% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Jeffrey A. Goldstein purchased 844 shares of the company’s stock in a transaction dated Tuesday, April 15th. The shares were acquired at an average cost of $72.04 per share, for a total transaction of $60,801.76. Following the transaction, the director now owns 11,942 shares of the company’s stock, valued at $860,301.68. This trade represents a 7.60% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.20% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. UBS Group lifted their price target on shares of Fidelity National Information Services from $81.00 to $84.00 and gave the company a “neutral” rating in a research report on Wednesday, May 7th. Oppenheimer raised shares of Fidelity National Information Services from a “market perform” rating to an “outperform” rating and set a $94.00 price target on the stock in a research note on Wednesday, April 23rd. Royal Bank of Canada lowered their price objective on Fidelity National Information Services from $95.00 to $93.00 and set an “outperform” rating for the company in a research report on Wednesday, May 7th. Compass Point dropped their price target on shares of Fidelity National Information Services from $126.00 to $113.00 and set a “buy” rating for the company in a research report on Wednesday, February 12th. Finally, TD Cowen raised shares of Fidelity National Information Services from a “hold” rating to a “buy” rating and set a $92.00 target price for the company in a research report on Monday, April 21st. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $91.11.

Get Our Latest Analysis on Fidelity National Information Services

Fidelity National Information Services Trading Down 1.7%

NYSE FIS opened at $79.21 on Thursday. The company’s fifty day moving average price is $75.32 and its two-hundred day moving average price is $78.19. The company has a market capitalization of $41.62 billion, a price-to-earnings ratio of 30.35, a price-to-earnings-growth ratio of 1.23 and a beta of 1.08. Fidelity National Information Services, Inc. has a 12 month low of $66.51 and a 12 month high of $91.98. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.85 and a quick ratio of 0.85.

Fidelity National Information Services (NYSE:FIS – Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The information technology services provider reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.01. Fidelity National Information Services had a return on equity of 17.30% and a net margin of 14.54%. The firm had revenue of $2.53 billion for the quarter, compared to analysts’ expectations of $2.50 billion. During the same quarter in the prior year, the firm posted $1.33 earnings per share. Fidelity National Information Services’s revenue for the quarter was up 2.6% compared to the same quarter last year. As a group, research analysts predict that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 24th. Shareholders of record on Tuesday, June 10th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $1.60 annualized dividend and a yield of 2.02%. Fidelity National Information Services’s payout ratio is 105.96%.

About Fidelity National Information Services

(Free Report)

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.