Dodge & Cox Purchases 480,771 Shares of Fidelity National Information Services, Inc. $FIS

Key Points

• Dodge & Cox increased its investment in Fidelity National Information Services by 1.4%, acquiring 480,771 shares to hold a total of 34,808,298 shares, making it the firm's 25th largest position.
• Fidelity National Information Services reported a quarterly EPS of $1.36, in line with expectations, and a revenue of $2.62 billion, representing a 5.1% year-over-year increase.
• The company declared a quarterly dividend of $0.40 per share, indicating a yield of 2.2%, with a payout ratio unusually high at 888.89%.

Dodge & Cox lifted its position in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 1.4% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 34,808,298 shares of the information technology services provider's stock after buying an additional 480,771 shares during the period. Fidelity National Information Services comprises 1.5% of Dodge & Cox's holdings, making the stock its 25th largest position. Dodge & Cox owned 6.63% of Fidelity National Information Services worth $2,599,484,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Sierra Ocean LLC increased its position in shares of Fidelity National Information Services by 356.0% in the 1st quarter. Sierra Ocean LLC now owns 342 shares of the information technology services provider's stock valued at $26,000 after buying an additional 267 shares in the last quarter. Meeder Asset Management Inc. increased its position in shares of Fidelity National Information Services by 92.1% in the 1st quarter. Meeder Asset Management Inc. now owns 342 shares of the information technology services provider's stock valued at $26,000 after buying an additional 164 shares in the last quarter. YANKCOM Partnership increased its position in shares of Fidelity National Information Services by 118.8% in the 1st quarter. YANKCOM Partnership now owns 350 shares of the information technology services provider's stock valued at $26,000 after buying an additional 190 shares in the last quarter. Hazlett Burt & Watson Inc. increased its position in shares of Fidelity National Information Services by 179.9% in the 1st quarter. Hazlett Burt & Watson Inc. now owns 389 shares of the information technology services provider's stock valued at $29,000 after buying an additional 250 shares in the last quarter. Finally, Cary Street Partners Investment Advisory LLC increased its holdings in Fidelity National Information Services by 100.5% during the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 445 shares of the information technology services provider's stock worth $33,000 after purchasing an additional 223 shares in the last quarter. Institutional investors own 96.23% of the company's stock.

Fidelity National Information Services Trading Up 3.2%

Shares of FIS stock opened at $71.7810 on Friday. The firm has a 50 day moving average price of $77.82 and a two-hundred day moving average price of $76.06. 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 company has a market capitalization of $37.50 billion, a PE 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 quarterly earnings data on Tuesday, August 5th. The information technology services provider reported $1.36 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.36. The firm had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $2.57 billion. Fidelity National Information Services had a net margin of 1.09% and a return on equity of 18.73%. The business's revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period last year, the business posted $1.36 earnings per share. 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 predict that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current year.

Fidelity National Information Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 24th. Shareholders of record on Wednesday, September 10th will be given 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 2.2%. Fidelity National Information Services's dividend payout ratio (DPR) is 888.89%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Robert W. Baird increased their target price 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. Keefe, Bruyette & Woods decreased their price objective on Fidelity National Information Services from $92.00 to $88.00 and set an "outperform" rating for the company in a report on Wednesday, August 6th. Stephens lifted 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. UBS Group reduced their price target on Fidelity National Information Services from $84.00 to $82.00 and set a "neutral" rating for the company in a report on Wednesday, August 6th. Finally, Truist Financial lifted their price target on Fidelity National Information Services from $84.00 to $85.00 and gave the stock a "hold" rating in a report on Thursday, July 17th. 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 stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $91.63.

About Fidelity National Information Services

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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