Rep. Jefferson Shreve Buys Fidelity National Information Services, Inc. (NYSE:FIS) Stock

Representative Jefferson Shreve (R-Indiana) recently bought shares of Fidelity National Information Services, Inc. (NYSE:FIS). In a filing disclosed on March 09th, the Representative disclosed that they had bought between $15,001 and $50,000 in Fidelity National Information Services stock on February 24th. The trade occurred in the Representative’s “CRT – STANDARD UNIT TRUST” account.

Representative Jefferson Shreve also recently made the following trade(s):

• Purchased $15,001 – $50,000 in shares of RTX (NYSE:RTX) on 2/24/2025.
• Purchased $15,001 – $50,000 in shares of Royal Gold (NASDAQ:RGLD) on 2/24/2025.
• Purchased $15,001 – $50,000 in shares of QUALCOMM (NASDAQ:QCOM) on 2/24/2025.
• Purchased $15,001 – $50,000 in shares of Pfizer (NYSE:PFE) on 2/24/2025.
• Sold $15,001 – $50,000 in shares of Norfolk Southern (NYSE:NSC) on 2/24/2025.
• Purchased $15,001 – $50,000 in shares of CoStar Group (NASDAQ:CSGP) on 2/24/2025.
• Purchased $50,001 – $100,000 in shares of AbbVie (NYSE:ABBV) on 2/24/2025.
• Purchased $15,001 – $50,000 in shares of Johnson & Johnson (NYSE:JNJ) on 2/24/2025.
• Purchased $15,001 – $50,000 in shares of The Cigna Group (NYSE:CI) on 2/24/2025.
• Purchased $15,001 – $50,000 in shares of Adobe (NASDAQ:ADBE) on 2/24/2025.

Fidelity National Information Services Price Performance

NYSE FIS traded down $2.17 during trading hours on Tuesday, reaching $68.71. The company’s stock had a trading volume of 1,567,192 shares, compared to its average volume of 3,358,088. Fidelity National Information Services, Inc. has a 1 year low of $66.72 and a 1 year high of $91.98. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $36.39 billion, a price-to-earnings ratio of 26.32, a PEG ratio of 1.23 and a beta of 1.10. The firm’s 50-day moving average price is $76.17 and its 200-day moving average price is $82.01.

Fidelity National Information Services (NYSE:FIS) last issued its earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share for the quarter, topping analysts’ consensus estimates of $1.35 by $0.05. Fidelity National Information Services had a net margin of 14.54% and a return on equity of 17.30%. During the same quarter last year, the business earned $0.94 earnings per share. On average, equities research analysts predict that Fidelity National Information Services, Inc. will post 5.74 EPS for the current fiscal year.

Fidelity National Information Services Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 11th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.33%. This is an increase from Fidelity National Information Services’s previous quarterly dividend of $0.36. The ex-dividend date is Tuesday, March 11th. Fidelity National Information Services’s payout ratio is presently 61.30%.

Insider Buying and Selling at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein purchased 701 shares of the business’s stock in a transaction on Wednesday, January 15th. The shares were bought at an average cost of $79.97 per share, for a total transaction of $56,058.97. Following the completion of the purchase, the director now directly owns 11,098 shares of the company’s stock, valued at approximately $887,507.06. This trade represents a 6.74 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.20% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on FIS. BNP Paribas cut shares of Fidelity National Information Services from a “neutral” rating to an “underperform” rating in a research report on Wednesday, November 20th. Stephens lowered their price target on shares of Fidelity National Information Services from $100.00 to $90.00 and set an “overweight” rating for the company in a report on Wednesday, February 12th. Wells Fargo & Company reduced their price objective on Fidelity National Information Services from $88.00 to $80.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 12th. Raymond James downgraded shares of Fidelity National Information Services from a “strong-buy” rating to an “outperform” rating and reduced their target price for the company from $115.00 to $101.00 in a research note on Monday, January 6th. Finally, Compass Point dropped their target price on shares of Fidelity National Information Services from $126.00 to $113.00 and set a “buy” rating on the stock in a research note on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, Fidelity National Information Services presently has a consensus rating of “Hold” and an average target price of $88.65.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Heck Capital Advisors LLC acquired a new stake in shares of Fidelity National Information Services during the 4th quarter worth about $2,593,000. Raymond James Financial Inc. purchased a new stake in shares of Fidelity National Information Services in the 4th quarter valued at approximately $451,458,000. Avanza Fonder AB acquired a new position in shares of Fidelity National Information Services in the 4th quarter worth approximately $3,227,000. Princeton Global Asset Management LLC purchased a new position in shares of Fidelity National Information Services during the 4th quarter worth approximately $2,313,000. Finally, Csenge Advisory Group increased its holdings in Fidelity National Information Services by 44.4% in the 4th quarter. Csenge Advisory Group now owns 13,446 shares of the information technology services provider’s stock valued at $1,086,000 after purchasing an additional 4,134 shares during the last quarter. 96.23% of the stock is currently owned by hedge funds and other institutional investors.

About Representative Shreve

Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana’s 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana’s 6th Congressional District. He declared candidacy for the 2026 election.

Email [email protected] to notify us of updates to this biography.
Jefferson Shreve earned a bachelor’s degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve’s career experience includes working as a real estate executive.

Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.

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.