Algert Global LLC Invests $453,000 in Fidelity National Information Services, Inc. $FIS

Key Points

• Algert Global LLC has acquired a new stake in Fidelity National Information Services ($FIS), purchasing 6,070 shares valued at approximately $453,000 during the 1st quarter.
• Fidelity National Information Services plans to pay a quarterly dividend of $0.40 per share on September 24th, representing an annualized yield of 2.2%.
• The company reported earnings per share of $1.36 for the last quarter, in line with consensus estimates, and generated revenue of $2.62 billion, exceeding expectations by 5.1% year-over-year.

Algert Global LLC acquired a new position in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 6,070 shares of the information technology services provider's stock, valued at approximately $453,000.

Several other institutional investors also recently bought and sold shares of FIS. Brighton Jones LLC purchased a new position in Fidelity National Information Services during the 4th quarter worth $347,000. MML Investors Services LLC raised its holdings in Fidelity National Information Services by 15.7% in the 4th quarter. MML Investors Services LLC now owns 41,186 shares of the information technology services provider's stock worth $3,327,000 after purchasing an additional 5,587 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in Fidelity National Information Services by 0.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 771,783 shares of the information technology services provider's stock worth $62,337,000 after purchasing an additional 3,938 shares during the period. Integrated Wealth Concepts LLC raised its holdings in Fidelity National Information Services by 7.4% in the 4th quarter. Integrated Wealth Concepts LLC now owns 10,639 shares of the information technology services provider's stock worth $859,000 after purchasing an additional 731 shares during the period. Finally, Coldstream Capital Management Inc. raised its holdings in Fidelity National Information Services by 6.6% in the 4th quarter. Coldstream Capital Management Inc. now owns 11,397 shares of the information technology services provider's stock worth $921,000 after purchasing an additional 704 shares during the period. 96.23% of the stock is currently owned by hedge funds and other institutional investors.

Fidelity National Information Services Price Performance

Shares of FIS stock traded down $0.24 during trading hours on Friday, reaching $69.52. The company had a trading volume of 2,162,053 shares, compared to its average volume of 3,604,611. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.59 and a current ratio of 0.59. The stock has a fifty day moving average of $76.99 and a 200-day moving average of $75.71. The company has a market capitalization of $36.31 billion, a price-to-earnings ratio of 386.24 and a beta of 1.04. Fidelity National Information Services, Inc. has a 12-month low of $66.51 and a 12-month high of $91.98.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last posted 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. Fidelity National Information Services had a return on equity of 18.73% and a net margin of 1.09%.The business had revenue of $2.62 billion during the quarter, compared to analyst estimates of $2.57 billion. During the same period in the prior year, the business earned $1.36 earnings per share. The business's revenue was up 5.1% compared to the same quarter last year. 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, equities analysts anticipate 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. Shareholders of record on Wednesday, September 10th will be paid a $0.40 dividend. The ex-dividend date is Wednesday, September 10th. This represents a $1.60 dividend on an annualized basis and a yield of 2.3%. Fidelity National Information Services's dividend payout ratio (DPR) is currently 888.89%.

Analyst Ratings Changes

A number of research firms recently weighed in on FIS. Stephens upped their price target on Fidelity National Information Services from $90.00 to $100.00 and gave the stock an "overweight" rating in a report on Wednesday, May 7th. Truist Financial boosted their price objective on Fidelity National Information Services from $84.00 to $85.00 and gave the stock a "hold" rating in a research note on Thursday, July 17th. Robert W. Baird boosted 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. UBS Group cut their price objective on Fidelity National Information Services from $84.00 to $82.00 and set a "neutral" rating for the company in a research note on Wednesday, August 6th. Finally, Keefe, Bruyette & Woods cut their price objective on Fidelity National Information Services from $92.00 to $88.00 and set an "outperform" rating for the company in a research note on Wednesday, August 6th. Thirteen analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Fidelity National Information Services presently has an average rating of "Moderate Buy" and an average target price 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.