Sumitomo Mitsui DS Asset Management Company Ltd Grows Stock Holdings in Fidelity National Information Services, Inc. $FIS

Key Points

• Sumitomo Mitsui DS Asset Management has increased its holdings in Fidelity National Information Services, raising its position by 10.4% during the second quarter, now owning 69,006 shares valued at approximately $5.6 million.
• Fidelity National Information Services reported $1.36 EPS for the last quarter, matching analysts' expectations, with revenues reaching $2.62 billion, exceeding the anticipated $2.57 billion.
• The company announced a quarterly dividend of $0.40 per share, which translates to an annualized dividend of $1.60 and a yield of 2.5%, with the next payment scheduled for September 24th.

Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 10.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 69,006 shares of the information technology services provider's stock after purchasing an additional 6,503 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in Fidelity National Information Services were worth $5,618,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of FIS. Sierra Ocean LLC grew its holdings in shares of Fidelity National Information Services by 356.0% in the first quarter. Sierra Ocean LLC now owns 342 shares of the information technology services provider's stock worth $26,000 after acquiring an additional 267 shares during the period. Meeder Asset Management Inc. lifted its position in Fidelity National Information Services by 92.1% during the first quarter. Meeder Asset Management Inc. now owns 342 shares of the information technology services provider's stock valued at $26,000 after purchasing an additional 164 shares in the last quarter. YANKCOM Partnership lifted its position in Fidelity National Information Services by 118.8% during the first quarter. YANKCOM Partnership now owns 350 shares of the information technology services provider's stock valued at $26,000 after purchasing an additional 190 shares in the last quarter. Hazlett Burt & Watson Inc. lifted its position in Fidelity National Information Services by 179.9% during the first quarter. Hazlett Burt & Watson Inc. now owns 389 shares of the information technology services provider's stock valued at $29,000 after purchasing an additional 250 shares in the last quarter. Finally, Cary Street Partners Investment Advisory LLC lifted its position in Fidelity National Information Services by 100.5% during the first quarter. Cary Street Partners Investment Advisory LLC now owns 445 shares of the information technology services provider's stock valued at $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 Down 0.5%

Shares of NYSE FIS traded down $0.35 during trading hours on Tuesday, reaching $64.30. The stock had a trading volume of 652,296 shares, compared to its average volume of 3,695,874. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.63. The firm has a market cap of $33.59 billion, a price-to-earnings ratio of 357.60 and a beta of 1.05. The business's fifty day moving average price is $72.51 and its two-hundred day moving average price is $75.47. Fidelity National Information Services, Inc. has a 52-week low of $63.94 and a 52-week high of $91.98.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last announced its earnings results on Tuesday, August 5th. The information technology services provider reported $1.36 earnings per share (EPS) for the quarter, meeting the consensus estimate 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 analysts' expectations of $2.57 billion. During the same quarter last year, the firm earned $1.36 EPS. The business's revenue for the quarter 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. Analysts expect that Fidelity National Information Services, Inc. will post 5.74 EPS for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 24th. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.5%. Fidelity National Information Services's dividend payout ratio (DPR) is 888.89%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on FIS. Robert W. Baird lifted their target price on Fidelity National Information Services from $82.00 to $86.00 and gave the company a "neutral" rating in a research report on Wednesday, July 16th. UBS Group lowered their price objective on Fidelity National Information Services from $84.00 to $82.00 and set a "neutral" rating on the stock in a research report on Wednesday, August 6th. Susquehanna lowered their price objective on Fidelity National Information Services from $81.00 to $77.00 and set a "neutral" rating on the stock in a research report on Friday, September 12th. Keefe, Bruyette & Woods lowered their price objective on Fidelity National Information Services from $92.00 to $88.00 and set an "outperform" rating on the stock in a research report on Wednesday, August 6th. Finally, Truist Financial boosted their price objective on Fidelity National Information Services from $84.00 to $85.00 and gave the company a "hold" rating in a research report on Thursday, July 17th. Twelve equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $91.17.

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.