Fidelity National Information Services, Inc. Declares Quarterly Dividend of $0.40 (NYSE:FIS)

Key Points

• Fidelity National Information Services, Inc. declared a quarterly dividend of $0.40 per share, with a dividend yield of 2.0%, set to be paid on September 24th to shareholders of record as of September 10th.
• The company has a dividend payout ratio of 25.6%, indicating that it can comfortably cover its dividend obligations with projected earnings of $6.27 per share for the next year.
• Fidelity's stock is currently trading around $79.38 and has seen a significant trading volume, with a market capitalization of $41.71 billion and a price-to-earnings ratio of 52.57.

Fidelity National Information Services, Inc. (NYSE:FIS - Get Free Report) announced a quarterly dividend on Thursday, July 31st, RTT News reports. Shareholders of record on Wednesday, September 10th will be paid a dividend of 0.40 per share by the information technology services provider on Wednesday, September 24th. This represents a c) annualized dividend and a dividend yield of 2.0%.

Fidelity National Information Services has a dividend payout ratio of 25.6% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Fidelity National Information Services to earn $6.27 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 25.5%.

Fidelity National Information Services Stock Performance

Shares of NYSE:FIS traded down $1.26 during trading hours on Thursday, hitting $79.38. The stock had a trading volume of 2,842,342 shares, compared to its average volume of 3,535,525. Fidelity National Information Services has a 1-year low of $66.51 and a 1-year high of $91.98. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.63 and a current ratio of 0.63. The firm has a market capitalization of $41.71 billion, a price-to-earnings ratio of 52.57 and a beta of 1.06. The stock's fifty day simple moving average is $80.43 and its 200 day simple moving average is $76.95.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The information technology services provider reported $1.21 EPS for the quarter, beating analysts' consensus estimates of $1.20 by $0.01. Fidelity National Information Services had a net margin of 8.10% and a return on equity of 18.15%. The business had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.50 billion. During the same quarter last year, the business earned $1.33 earnings per share. The business's revenue for the quarter was up 2.6% on a year-over-year basis. Sell-side analysts anticipate that Fidelity National Information Services will post 5.74 earnings per share for the current fiscal year.

Institutional Trading of Fidelity National Information Services

Several hedge funds and other institutional investors have recently modified their holdings of the company. Baupost Group LLC MA acquired a new stake in Fidelity National Information Services during the first quarter valued at $260,853,000. Nuveen LLC acquired a new stake in Fidelity National Information Services during the first quarter valued at $187,514,000. Invesco Ltd. boosted its position in Fidelity National Information Services by 22.9% during the first quarter. Invesco Ltd. now owns 9,304,011 shares of the information technology services provider's stock valued at $694,824,000 after purchasing an additional 1,730,878 shares during the last quarter. Capital Research Global Investors raised its holdings in shares of Fidelity National Information Services by 3.8% during the 4th quarter. Capital Research Global Investors now owns 29,433,286 shares of the information technology services provider's stock valued at $2,377,325,000 after purchasing an additional 1,082,929 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC raised its holdings in shares of Fidelity National Information Services by 17.4% during the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 6,666,499 shares of the information technology services provider's stock valued at $497,854,000 after purchasing an additional 986,646 shares in the last quarter. 96.23% of the stock is currently owned by hedge funds and other institutional investors.

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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