Advisors Capital Management LLC Raises Stock Holdings in Fidelity National Information Services, Inc. $FIS

Key Points

• Advisors Capital Management LLC increased its holdings in Fidelity National Information Services, Inc. by 4.1%, now owning 417,240 shares valued at approximately $31.16 million.
• Several institutional investors have also raised their stakes in Fidelity National Information Services, with Invesco Ltd. leading with a 22.9% increase to 9.3 million shares.
• The company recently declared a quarterly dividend of $0.40, representing an annualized yield of 2.4%, with a high dividend payout ratio of 888.89%.

Advisors Capital Management LLC lifted its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 4.1% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 417,240 shares of the information technology services provider's stock after acquiring an additional 16,257 shares during the period. Advisors Capital Management LLC owned 0.08% of Fidelity National Information Services worth $31,160,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Sierra Ocean LLC raised its holdings in shares of Fidelity National Information Services by 356.0% during the 1st quarter. Sierra Ocean LLC now owns 342 shares of the information technology services provider's stock worth $26,000 after acquiring an additional 267 shares during the period. YANKCOM Partnership raised its holdings in Fidelity National Information Services by 118.8% in the 1st quarter. YANKCOM Partnership now owns 350 shares of the information technology services provider's stock valued at $26,000 after buying an additional 190 shares during the period. Meeder Asset Management Inc. raised its holdings in Fidelity National Information Services by 92.1% in the 1st 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 period. Hazlett Burt & Watson Inc. raised its holdings in Fidelity National Information Services by 179.9% in the 1st quarter. Hazlett Burt & Watson Inc. now owns 389 shares of the information technology services provider's stock valued at $29,000 after buying an additional 250 shares during the period. Finally, Kennebec Savings Bank raised its holdings in 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 buying an additional 186 shares during the period. Hedge funds and other institutional investors own 96.23% of the company's stock.

Fidelity National Information Services Stock Down 1.2%

Shares of FIS traded down $0.82 during midday trading on Friday, reaching $66.89. The stock had a trading volume of 4,107,075 shares, compared to its average volume of 3,896,908. The company's fifty day simple moving average is $74.16 and its two-hundred day simple moving average is $75.63. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.59 and a quick ratio of 0.59. The company has a market cap of $34.94 billion, a price-to-earnings ratio of 371.63 and a beta of 1.05. Fidelity National Information Services, Inc. has a 1-year low of $65.82 and a 1-year high of $91.98.

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

Fidelity National Information Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 24th. Investors of record on Wednesday, September 10th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Wednesday, September 10th. Fidelity National Information Services's dividend payout ratio is 888.89%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on FIS. Keefe, Bruyette & Woods reduced their price target on shares of 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. Robert W. Baird boosted their price target on shares of 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. UBS Group cut their price objective on Fidelity National Information Services from $84.00 to $82.00 and set a "neutral" rating on the stock in a research report on Wednesday, August 6th. Finally, Truist Financial lifted their target price on Fidelity National Information Services from $84.00 to $85.00 and gave the company a "hold" rating in a report on Thursday, July 17th. Thirteen research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $91.63.

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.