DRW Securities LLC Raises Position in Fidelity National Information Services, Inc. $FIS

Key Points

• DRW Securities LLC increased its holdings in Fidelity National Information Services, Inc. by 421.5% in Q1, acquiring an additional 30,674 shares to reach a total of 37,951 shares valued at approximately $2.83 million.
• The company reported $1.36 EPS for the last quarter, meeting analysts' expectations, with a revenue increase of 5.1% year-over-year to $2.62 billion.
• Fidelity National Information Services announced a quarterly dividend of $0.40 per share, with a yield of 2.3%, set to be paid on September 24th.

DRW Securities LLC grew its position in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 421.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 37,951 shares of the information technology services provider's stock after buying an additional 30,674 shares during the quarter. DRW Securities LLC's holdings in Fidelity National Information Services were worth $2,834,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. Palogic Value Management L.P. lifted its holdings in shares of Fidelity National Information Services by 8.5% in the 1st quarter. Palogic Value Management L.P. now owns 3,515 shares of the information technology services provider's stock worth $262,000 after buying an additional 276 shares during the period. Vident Advisory LLC raised its position in shares of Fidelity National Information Services by 254.6% in the 1st quarter. Vident Advisory LLC now owns 31,686 shares of the information technology services provider's stock worth $2,366,000 after acquiring an additional 22,750 shares in the last quarter. Kodai Capital Management LP bought a new position in shares of Fidelity National Information Services in the 1st quarter worth $9,142,000. Canada Pension Plan Investment Board raised its position in shares of Fidelity National Information Services by 32.3% in the 1st quarter. Canada Pension Plan Investment Board now owns 445,696 shares of the information technology services provider's stock worth $33,285,000 after acquiring an additional 108,933 shares in the last quarter. Finally, State of Wyoming raised its position in shares of Fidelity National Information Services by 19.4% in the 1st quarter. State of Wyoming now owns 6,821 shares of the information technology services provider's stock worth $509,000 after acquiring an additional 1,108 shares in the last quarter. 96.23% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on FIS shares. Keefe, Bruyette & Woods reduced their price target 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. Truist Financial boosted their target price on Fidelity National Information Services from $84.00 to $85.00 and gave the stock a "hold" rating in a research note on Thursday, July 17th. Stephens boosted their target price on 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 dropped their target price on Fidelity National Information Services from $95.00 to $93.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 7th. Finally, UBS Group dropped their target price on Fidelity National Information Services from $84.00 to $82.00 and set a "neutral" rating on the stock in a research note on Wednesday, August 6th. Thirteen analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, Fidelity National Information Services has an average rating of "Moderate Buy" and a consensus price target of $91.63.

Fidelity National Information Services Price Performance

Shares of NYSE:FIS traded up $0.60 during trading on Thursday, reaching $68.79. 1,723,337 shares of the company's stock traded hands, compared to its average volume of 3,600,638. Fidelity National Information Services, Inc. has a fifty-two week low of $66.51 and a fifty-two week high of $91.98. 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 has a market cap of $35.94 billion, a PE ratio of 382.20 and a beta of 1.05. The company has a 50-day simple moving average of $76.03 and a 200-day simple moving average of $75.65.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last posted its earnings results on Tuesday, August 5th. The information technology services provider reported $1.36 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 firm had revenue of $2.62 billion for the quarter, compared to analysts' expectations of $2.57 billion. During the same period last year, the firm earned $1.36 EPS. The company'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. 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 Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 24th. Investors of record on Wednesday, September 10th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a $1.60 dividend on an annualized basis and a yield of 2.3%. Fidelity National Information Services's dividend payout ratio (DPR) is currently 888.89%.

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.