California State Teachers Retirement System Has $1.30 Billion Holdings in Fidelity National Information Services, Inc. $FIS

Key Points

• CalSTRS dramatically increased its FIS stake by 3,634.9% in the second quarter, acquiring 32.6 million additional shares and bringing its holdings to 33.5 million shares worth approximately $1.30 billion. Institutional investors collectively own 96.23% of the company.
• FIS reported quarterly EPS of $1.48, slightly above estimates, while revenue reached $3.38 billion, up 29.1% year over year. The company also announced a quarterly dividend of $0.44, equivalent to a 4.6% annualized yield.
• Analyst sentiment remains mixed, with a consensus rating of “Hold” and an average price target of $53.46, despite the stock recently trading near $38.16.

California State Teachers Retirement System boosted its holdings in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 3,634.9% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 33,481,706 shares of the information technology services provider's stock after purchasing an additional 32,585,246 shares during the quarter. California State Teachers Retirement System owned 6.48% of Fidelity National Information Services worth $1,301,769,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. BOKF NA grew its holdings in shares of Fidelity National Information Services by 0.6% during the 3rd quarter. BOKF NA now owns 28,031 shares of the information technology services provider's stock valued at $1,848,000 after purchasing an additional 159 shares during the last quarter. Fiduciary Trust Co increased its position in shares of Fidelity National Information Services by 4.9% during the third quarter. Fiduciary Trust Co now owns 3,465 shares of the information technology services provider's stock worth $228,000 after buying an additional 161 shares during the period. FJ Capital Management LLC raised its position in shares of Fidelity National Information Services by 4.7% in the 2nd quarter. FJ Capital Management LLC now owns 3,600 shares of the information technology services provider's stock worth $293,000 after acquiring an additional 163 shares in the last quarter. Pinnacle Financial Partners Inc. increased its holdings in Fidelity National Information Services by 6.4% in the third quarter. Pinnacle Financial Partners Inc. now owns 3,732 shares of the information technology services provider's stock worth $246,000 after purchasing an additional 223 shares in the last quarter. Finally, Rexford Capital Inc. increased its stake in shares of Fidelity National Information Services by 16.1% in the 1st quarter. Rexford Capital Inc. now owns 1,656 shares of the information technology services provider's stock valued at $78,000 after acquiring an additional 230 shares in the last quarter. 96.23% of the stock is currently owned by institutional investors.

Fidelity National Information Services Price Performance

Shares of NYSE FIS opened at $38.16 on Friday. Fidelity National Information Services, Inc. has a fifty-two week low of $37.42 and a fifty-two week high of $69.14. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.53 and a current ratio of 0.53. The company has a market capitalization of $19.72 billion, a price-to-earnings ratio of 5.86, a P/E/G ratio of 0.40 and a beta of 0.79. The company has a 50 day simple moving average of $41.86 and a two-hundred day simple moving average of $43.83.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last issued its earnings results on Tuesday, August 4th. The information technology services provider reported $1.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.01. The business had revenue of $3.38 billion during the quarter, compared to analysts' expectations of $3.38 billion. Fidelity National Information Services had a net margin of 27.64% and a return on equity of 20.95%. The business's revenue for the quarter was up 29.1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.36 earnings per share. Fidelity National Information Services has set its FY 2026 guidance at 6.150-6.240 EPS and its Q3 2026 guidance at 1.580-1.620 EPS. Analysts expect that Fidelity National Information Services, Inc. will post 6.19 EPS for the current fiscal year.

Fidelity National Information Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 11th will be issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date of this dividend is Friday, September 11th. Fidelity National Information Services's dividend payout ratio (DPR) is currently 27.04%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on FIS. Weiss Ratings downgraded shares of Fidelity National Information Services from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Thursday. Truist Financial lowered their price target on shares of Fidelity National Information Services from $45.00 to $43.00 and set a "hold" rating on the stock in a report on Friday, July 24th. Royal Bank Of Canada dropped their price objective on Fidelity National Information Services from $57.00 to $53.00 and set an "outperform" rating for the company in a research note on Wednesday, August 5th. Barclays dropped their target price on shares of Fidelity National Information Services from $44.00 to $43.00 and set an "equal weight" rating for the company in a research report on Wednesday, August 5th. Finally, Citigroup cut their price objective on Fidelity National Information Services from $48.00 to $45.00 and set a "neutral" rating for the company in a report on Wednesday, August 5th. Ten research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $53.46.

Fidelity National Information Services Company Profile

Fidelity National Information Services, Inc NYSE: FIS is a global financial technology company that provides software, services and technology solutions to banks, credit unions, wealth management firms, capital markets institutions and other financial organizations. Its offerings support core banking, digital banking, payments processing, fraud prevention, risk management, compliance, data analytics and customer engagement.

FIS provides platforms for account processing, transaction processing, lending, treasury management, card and payment operations, and investment management.

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