Fidelity National Information Services, Inc. $FIS Shares Acquired by Aberdeen Group plc

Key Points

• Aberdeen Group plc increased its stake in Fidelity National Information Services by 11.3%, acquiring an additional 66,621 shares to bring its total holdings to 656,720 shares, valued at approximately $48.7 million.
• Fidelity National Information Services reported earnings of $1.36 per share for the last quarter, meeting analyst expectations, with revenues of $2.62 billion surpassing estimates.
• The company declared a quarterly dividend of $0.40 scheduled for payout on September 24, reflecting an annualized dividend yield of 2.3% and an extremely high payout ratio of 888.89%.

Aberdeen Group plc lifted its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 11.3% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 656,720 shares of the information technology services provider's stock after acquiring an additional 66,621 shares during the period. Aberdeen Group plc owned 0.12% of Fidelity National Information Services worth $48,653,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FIS. Sierra Ocean LLC lifted its holdings in shares of Fidelity National Information Services by 356.0% in the 1st quarter. Sierra Ocean LLC now owns 342 shares of the information technology services provider's stock valued at $26,000 after purchasing an additional 267 shares during the last quarter. YANKCOM Partnership increased its position in Fidelity National Information Services by 118.8% during the first quarter. YANKCOM Partnership now owns 350 shares of the information technology services provider's stock worth $26,000 after buying an additional 190 shares during the period. Meeder Asset Management Inc. lifted its stake in Fidelity National Information Services by 92.1% in the first quarter. Meeder Asset Management Inc. now owns 342 shares of the information technology services provider's stock valued at $26,000 after buying an additional 164 shares during the last quarter. Hazlett Burt & Watson Inc. grew its position in shares of Fidelity National Information Services by 179.9% during the first quarter. Hazlett Burt & Watson Inc. now owns 389 shares of the information technology services provider's stock worth $29,000 after acquiring an additional 250 shares during the last quarter. Finally, Kennebec Savings Bank increased its holdings in shares of Fidelity National Information Services by 71.3% in the 1st quarter. Kennebec Savings Bank now owns 447 shares of the information technology services provider's stock valued at $33,000 after acquiring an additional 186 shares during the period. 96.23% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

FIS has been the subject of several research reports. Oppenheimer upgraded shares of Fidelity National Information Services from a "market perform" rating to an "outperform" rating and set a $94.00 price target for the company in a research report on Wednesday, April 23rd. Robert W. Baird upped their target price on shares of Fidelity National Information Services from $82.00 to $86.00 and gave the company a "neutral" rating in a report on Wednesday, July 16th. UBS Group lowered 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. Keefe, Bruyette & Woods dropped their price target on Fidelity National Information Services from $92.00 to $88.00 and set an "outperform" rating on the stock in a research report on Wednesday, August 6th. Finally, Truist Financial upped their price objective on Fidelity National Information Services from $84.00 to $85.00 and gave the company a "hold" rating in a research note on Thursday, July 17th. Thirteen investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $91.63.

Fidelity National Information Services Price Performance

Shares of NYSE FIS traded down $0.0890 during trading on Thursday, hitting $69.6710. 746,329 shares of the company were exchanged, compared to its average volume of 3,604,787. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.59 and a quick ratio of 0.59. Fidelity National Information Services, Inc. has a 1 year low of $66.51 and a 1 year high of $91.98. The company has a market cap of $36.39 billion, a price-to-earnings ratio of 386.58 and a beta of 1.04. The firm's fifty day moving average price is $78.19 and its 200 day moving average price is $76.21.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The information technology services provider reported $1.36 EPS for the quarter, meeting the consensus estimate of $1.36. The firm had revenue of $2.62 billion during the quarter, compared to analysts' expectations of $2.57 billion. Fidelity National Information Services had a net margin of 1.09% and a return on equity of 18.73%. The business's revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter last year, the business earned $1.36 earnings per share. 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, sell-side analysts expect that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current fiscal year.

Fidelity National Information Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 24th. Shareholders of record on Wednesday, September 10th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.3%. The ex-dividend date is Wednesday, September 10th. Fidelity National Information Services's dividend payout ratio (DPR) is 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.