Fidelity National Information Services, Inc. $FIS Shares Purchased by Canada Pension Plan Investment Board

Key Points

• The Canada Pension Plan Investment Board increased its stake in Fidelity National Information Services by 32.3%, owning 445,696 shares valued at approximately $33.29 million.
• A number of institutional investors reported significant increases in their positions in Fidelity, with some like Sierra Ocean LLC boosting theirs by 356.0%.
• Fidelity National Information Services recently maintained its quarterly earnings at $1.36 per share, with a projected earnings guidance of 5.74 EPS for the current year.

Canada Pension Plan Investment Board grew its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 32.3% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 445,696 shares of the information technology services provider's stock after purchasing an additional 108,933 shares during the quarter. Canada Pension Plan Investment Board owned approximately 0.08% of Fidelity National Information Services worth $33,285,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC purchased a new stake in Fidelity National Information Services in the fourth quarter worth $347,000. Mercer Global Advisors Inc. ADV raised its position in Fidelity National Information Services by 68.6% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 61,085 shares of the information technology services provider's stock worth $4,934,000 after buying an additional 24,850 shares during the last quarter. Aptus Capital Advisors LLC raised its position in Fidelity National Information Services by 19.6% during the 4th quarter. Aptus Capital Advisors LLC now owns 4,399 shares of the information technology services provider's stock worth $355,000 after buying an additional 720 shares during the last quarter. Ameriprise Financial Inc. raised its position in Fidelity National Information Services by 51.2% during the 4th quarter. Ameriprise Financial Inc. now owns 1,376,900 shares of the information technology services provider's stock worth $111,215,000 after buying an additional 466,246 shares during the last quarter. Finally, BNP Paribas boosted its position in Fidelity National Information Services by 8.2% in the 4th quarter. BNP Paribas now owns 14,375 shares of the information technology services provider's stock worth $1,161,000 after purchasing an additional 1,092 shares in the last quarter. 96.23% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have weighed in on FIS. Truist Financial raised their price objective 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. Robert W. Baird lifted their price target on Fidelity National Information Services from $82.00 to $86.00 and gave the stock a "neutral" rating in a report 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 report 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 report on Wednesday, August 6th. Thirteen equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $91.63.

Fidelity National Information Services Stock Down 0.0%

FIS traded down $0.03 on Friday, reaching $68.68. The company's stock had a trading volume of 3,308,784 shares, compared to its average volume of 3,599,994. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.63. Fidelity National Information Services, Inc. has a fifty-two week low of $66.51 and a fifty-two week high of $91.98. The stock has a 50 day moving average of $75.81 and a two-hundred day moving average of $75.65. The company has a market capitalization of $35.88 billion, a price-to-earnings ratio of 381.59 and a beta of 1.05.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last released 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. 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 for the quarter, compared to analyst estimates of $2.57 billion. During the same quarter in the previous year, the company posted $1.36 earnings per share. The company's revenue for the quarter 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. As a group, analysts forecast 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 will be paid on Wednesday, September 24th. Shareholders of record on Wednesday, September 10th will be paid a dividend of $0.40 per share. The ex-dividend date is Wednesday, September 10th. This represents a $1.60 annualized dividend and a yield of 2.3%. Fidelity National Information Services's dividend payout ratio is currently 888.89%.

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.