Comerica Bank Boosts Stock Holdings in Fidelity National Information Services, Inc. $FIS

Key Points

• Comerica Bank has increased its stake in Fidelity National Information Services by 8.1%, owning 114,458 shares valued at approximately $8.5 million as of the first quarter.
• Fidelity National Information Services reported $1.36 earnings per share for the last quarter, meeting analyst expectations, and had a 5.1% year-over-year revenue growth.
• The company announced a quarterly dividend of $0.40 per share, translating to an annualized yield of 2.3%, with an ex-dividend date set for September 10th.

Comerica Bank raised its holdings in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 8.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 114,458 shares of the information technology services provider's stock after purchasing an additional 8,574 shares during the period. Comerica Bank's holdings in Fidelity National Information Services were worth $8,548,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Dodge & Cox grew its stake in Fidelity National Information Services by 1.4% during the first quarter. Dodge & Cox now owns 34,808,298 shares of the information technology services provider's stock valued at $2,599,484,000 after acquiring an additional 480,771 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in Fidelity National Information Services by 4.1% during the first quarter. Goldman Sachs Group Inc. now owns 10,712,794 shares of the information technology services provider's stock valued at $800,032,000 after acquiring an additional 419,199 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Fidelity National Information Services by 0.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 10,126,213 shares of the information technology services provider's stock valued at $755,928,000 after acquiring an additional 31,626 shares in the last quarter. Invesco Ltd. grew its stake in Fidelity National Information Services by 22.9% during the first quarter. Invesco Ltd. now owns 9,304,011 shares of the information technology services provider's stock valued at $694,824,000 after acquiring an additional 1,730,878 shares in the last quarter. Finally, Northern Trust Corp grew its stake in Fidelity National Information Services by 16.5% during the fourth quarter. Northern Trust Corp now owns 6,925,824 shares of the information technology services provider's stock valued at $559,399,000 after acquiring an additional 982,955 shares in the last quarter. Hedge funds and other institutional investors own 96.23% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Robert W. Baird boosted their price objective on shares of Fidelity National Information Services from $82.00 to $86.00 and gave the company a "neutral" rating in a research note on Wednesday, July 16th. Truist Financial boosted their price objective on shares of Fidelity National Information Services from $84.00 to $85.00 and gave the company a "hold" rating in a research note on Thursday, July 17th. 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. Stephens boosted their price target 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. Finally, Keefe, Bruyette & Woods cut their price target 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. Thirteen analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Fidelity National Information Services presently has a consensus rating of "Moderate Buy" and a consensus price target of $91.63.

Fidelity National Information Services Price Performance

FIS stock opened at $69.85 on Thursday. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.59 and a quick ratio of 0.59. Fidelity National Information Services, Inc. has a one year low of $66.51 and a one year high of $91.98. The stock has a market cap of $36.49 billion, a PE ratio of 388.09 and a beta of 1.04. The firm has a 50 day simple moving average of $77.20 and a two-hundred day simple moving average of $75.80.

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

Fidelity National Information Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 24th. Investors of record on Wednesday, September 10th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Wednesday, September 10th. Fidelity National Information Services's dividend payout ratio (DPR) is presently 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.

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