Cullen Investment Group LTD. Increases Stock Position in Fidelity National Information Services, Inc. $FIS

Key Points

• Cullen Investment Group LTD. increased its stake in Fidelity National Information Services, Inc. by 10.4%, acquiring a total of 58,464 shares valued at approximately $4.76 million.
• Fidelity National Information Services reported a 5.1% increase in revenue year-over-year, with Q2 earnings matching analyst expectations at $1.36 per share.
• The company will pay a quarterly dividend of $0.40 on September 24, with a dividend yield of 2.4%, despite a high payout ratio of 888.89%.

Cullen Investment Group LTD. boosted its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 10.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 58,464 shares of the information technology services provider's stock after acquiring an additional 5,521 shares during the period. Cullen Investment Group LTD.'s holdings in Fidelity National Information Services were worth $4,760,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in FIS. Sierra Ocean LLC boosted its holdings in shares of Fidelity National Information Services by 356.0% during the first quarter. Sierra Ocean LLC now owns 342 shares of the information technology services provider's stock worth $26,000 after purchasing an additional 267 shares during the period. YANKCOM Partnership increased its holdings in 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 during the period. Meeder Asset Management Inc. boosted its stake 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 purchasing an additional 164 shares in the last quarter. Hazlett Burt & Watson Inc. lifted its position in Fidelity National Information Services by 179.9% during the 1st quarter. Hazlett Burt & Watson Inc. now owns 389 shares of the information technology services provider's stock worth $29,000 after buying an additional 250 shares in the last quarter. Finally, Kennebec Savings Bank lifted its position in Fidelity National Information Services by 71.3% during the 1st quarter. Kennebec Savings Bank now owns 447 shares of the information technology services provider's stock valued at $33,000 after purchasing an additional 186 shares during the period. Institutional investors and hedge funds own 96.23% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Robert W. Baird upped their price target on Fidelity National Information Services from $82.00 to $86.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 16th. Keefe, Bruyette & Woods cut their price target on Fidelity National Information Services from $92.00 to $88.00 and set an "outperform" rating on the stock in a research note on Wednesday, August 6th. UBS Group cut 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 note on Wednesday, August 6th. Susquehanna lowered their target price on Fidelity National Information Services from $81.00 to $77.00 and set a "neutral" rating for the company in a report on Friday, September 12th. Finally, Truist Financial boosted their price objective on Fidelity National Information Services from $84.00 to $85.00 and gave the stock a "hold" rating in a research report on Thursday, July 17th. Twelve 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. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $91.17.

Fidelity National Information Services Trading Down 1.0%

Shares of NYSE:FIS traded down $0.65 during trading on Thursday, hitting $66.50. The company had a trading volume of 1,231,074 shares, compared to its average volume of 3,669,508. The stock has a market cap of $34.74 billion, a price-to-earnings ratio of 369.29 and a beta of 1.05. The company has a fifty day simple moving average of $73.36 and a two-hundred day simple moving average of $75.52. Fidelity National Information Services, Inc. has a one year low of $65.66 and a one year high of $91.98. 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 (NYSE:FIS - Get Free Report) last announced its quarterly 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 firm had revenue of $2.62 billion during the quarter, compared to analyst estimates of $2.57 billion. During the same quarter in the previous year, the business earned $1.36 earnings per share. Fidelity National Information Services'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, equities analysts forecast that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current year.

Fidelity National Information Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 24th. Shareholders of record on Wednesday, September 10th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Wednesday, September 10th. Fidelity National Information Services's dividend payout ratio (DPR) is 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.