Aberdeen Group plc Purchases 31,298 Shares of Fidelity National Information Services, Inc. $FIS

Key Points

• Aberdeen Group plc increased its stake in Fidelity National Information Services by 4.8%, now holding 688,018 shares valued at approximately $55.7 million.
• Recent analyst reports reflect mixed sentiments towards FIS, with Thirteen analysts rating it as a Buy, while its average price target stands at $91.00.
• Fidelity National Information Services reported a 5.1% year-over-year revenue growth for the last quarter, alongside a consistent EPS of $1.36.

Aberdeen Group plc raised its position in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 4.8% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 688,018 shares of the information technology services provider's stock after buying an additional 31,298 shares during the period. Aberdeen Group plc owned about 0.13% of Fidelity National Information Services worth $55,678,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of FIS. Dodge & Cox boosted its position in shares of Fidelity National Information Services by 1.4% in the 1st quarter. Dodge & Cox now owns 34,808,298 shares of the information technology services provider's stock worth $2,599,484,000 after purchasing an additional 480,771 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Fidelity National Information Services by 4.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 10,712,794 shares of the information technology services provider's stock worth $800,032,000 after purchasing an additional 419,199 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Fidelity National Information Services by 0.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 10,126,213 shares of the information technology services provider's stock worth $755,928,000 after purchasing an additional 31,626 shares during the last quarter. Invesco Ltd. boosted its position in shares of Fidelity National Information Services by 22.9% in the 1st quarter. Invesco Ltd. now owns 9,304,011 shares of the information technology services provider's stock worth $694,824,000 after purchasing an additional 1,730,878 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC boosted its position in shares of Fidelity National Information Services by 17.4% in the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 6,666,499 shares of the information technology services provider's stock worth $497,854,000 after purchasing an additional 986,646 shares during the last quarter. 96.23% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

FIS has been the topic of several recent research reports. Weiss Ratings restated a "sell (d)" rating on shares of Fidelity National Information Services in a research report on Wednesday. Truist Financial raised their price target on Fidelity National Information Services from $84.00 to $85.00 and gave the stock a "hold" rating in a research report on Thursday, July 17th. Keefe, Bruyette & Woods reduced their price target on Fidelity National Information Services from $88.00 to $85.00 and set an "outperform" rating on the stock in a research report on Wednesday, October 1st. Robert W. Baird raised their price objective on Fidelity National Information Services from $82.00 to $86.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 16th. Finally, UBS Group raised Fidelity National Information Services from a "neutral" rating to a "buy" rating and set a $82.00 price objective on the stock in a research note on Tuesday, September 30th. Thirteen research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $91.00.

Fidelity National Information Services Stock Performance

FIS opened at $66.86 on Friday. The business's 50-day moving average price is $68.48 and its two-hundred day moving average price is $74.85. Fidelity National Information Services, Inc. has a 1 year low of $63.00 and a 1 year high of $91.98. The company has a market capitalization of $34.93 billion, a price-to-earnings ratio of 371.47 and a beta of 1.05. 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 (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 (EPS) for the quarter, meeting the consensus estimate 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 for the quarter, compared to the consensus estimate of $2.57 billion. During the same quarter last year, the business posted $1.36 EPS. The company's revenue for the quarter 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. Equities analysts expect that Fidelity National Information Services, Inc. will post 5.74 EPS for the current fiscal year.

Fidelity National Information Services Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 24th. Shareholders of record on Wednesday, September 10th were paid a $0.40 dividend. The ex-dividend date of this dividend was Wednesday, September 10th. This represents a $1.60 annualized dividend and a dividend yield of 2.4%. Fidelity National Information Services's dividend payout ratio (DPR) is currently 888.89%.

Fidelity National Information Services 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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