BI Asset Management Fondsmaeglerselskab A S Buys 28,140 Shares of Fidelity National Information Services, Inc. $FIS

Key Points

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BI Asset Management Fondsmaeglerselskab A S increased its stake in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 7.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 382,766 shares of the information technology services provider's stock after purchasing an additional 28,140 shares during the period. BI Asset Management Fondsmaeglerselskab A S owned approximately 0.07% of Fidelity National Information Services worth $28,585,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FIS. Brighton Jones LLC acquired a new position in Fidelity National Information Services in the 4th quarter worth $347,000. Norinchukin Bank The boosted its stake in shares of Fidelity National Information Services by 7.0% during the 4th quarter. Norinchukin Bank The now owns 23,763 shares of the information technology services provider's stock worth $1,919,000 after buying an additional 1,558 shares during the last quarter. Natixis boosted its stake in shares of Fidelity National Information Services by 22.0% during the 4th quarter. Natixis now owns 96,135 shares of the information technology services provider's stock worth $7,765,000 after buying an additional 17,336 shares during the last quarter. MetLife Investment Management LLC boosted its stake in shares of Fidelity National Information Services by 0.3% during the 4th quarter. MetLife Investment Management LLC now owns 142,626 shares of the information technology services provider's stock worth $11,520,000 after buying an additional 478 shares during the last quarter. Finally, MML Investors Services LLC boosted its stake in shares of Fidelity National Information Services by 15.7% during 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 buying an additional 5,587 shares during the last quarter. 96.23% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently commented on FIS. UBS Group reduced their price objective on shares of 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. Keefe, Bruyette & Woods reduced their price objective on shares of 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. Stephens increased their price objective on shares of Fidelity National Information Services from $90.00 to $100.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 7th. Royal Bank Of Canada reduced their price objective on shares of Fidelity National Information Services from $95.00 to $93.00 and set an "outperform" rating for the company in a research note on Wednesday, May 7th. Finally, Robert W. Baird increased their price objective 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. Thirteen equities 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's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $91.63.

Fidelity National Information Services Stock Performance

Shares of FIS stock traded up $2.2310 on Friday, reaching $71.7810. The stock had a trading volume of 3,012,205 shares, compared to its average volume of 3,900,357. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.63. The firm's 50-day moving average is $77.82 and its two-hundred day moving average is $76.06. The firm has a market capitalization of $37.50 billion, a price-to-earnings ratio of 398.81 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 issued its 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 company had revenue of $2.62 billion for 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%. Fidelity National Information Services's quarterly revenue was up 5.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.36 EPS. 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, research analysts expect that Fidelity National Information Services, Inc. will post 5.74 EPS for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 24th. Shareholders of record on Wednesday, September 10th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Wednesday, September 10th. Fidelity National Information Services's dividend payout ratio 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.