Steward Partners Investment Advisory LLC Purchases 13,789 Shares of Fidelity National Information Services, Inc. $FIS

Key Points

• Steward Partners Investment Advisory LLC increased its stake in Fidelity National Information Services by 9.9%, owning 153,319 shares valued at approximately $11.45 million as of the end of the last quarter.
• Fidelity National Information Services announced a quarterly dividend of $0.40 per share, indicating a 2.3% dividend yield, with the payout ratio reported at 888.89%.
• Analysts have a positive outlook on FIS, with an average rating of "Moderate Buy" and an average price target of $91.63, reflecting confidence in the company's future performance.

Steward Partners Investment Advisory LLC boosted its position in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 9.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 153,319 shares of the information technology services provider's stock after purchasing an additional 13,789 shares during the period. Steward Partners Investment Advisory LLC's holdings in Fidelity National Information Services were worth $11,450,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Nuveen LLC purchased a new stake in Fidelity National Information Services during the first quarter valued at about $187,514,000. Invesco Ltd. raised its position 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 purchasing an additional 1,730,878 shares in the last quarter. Northern Trust Corp raised its position 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 purchasing an additional 982,955 shares in the last quarter. GAMMA Investing LLC raised its position in Fidelity National Information Services by 6,171.5% during the first quarter. GAMMA Investing LLC now owns 829,844 shares of the information technology services provider's stock valued at $61,973,000 after purchasing an additional 816,612 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its position in Fidelity National Information Services by 51.2% during the fourth quarter. Ameriprise Financial Inc. now owns 1,376,900 shares of the information technology services provider's stock valued at $111,215,000 after purchasing an additional 466,246 shares in the last quarter. Hedge funds and other institutional investors own 96.23% of the company's stock.

Fidelity National Information Services Trading Up 3.2%

Shares of NYSE FIS traded up $2.2310 during trading hours on Friday, hitting $71.7810. The company's stock had a trading volume of 3,012,205 shares, compared to its average volume of 3,900,357. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.59 and a current ratio of 0.59. The stock has a market cap of $37.50 billion, a price-to-earnings 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. The business has a 50-day simple moving average of $77.82 and a 200-day simple moving average of $76.06.

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 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.36. The company had revenue of $2.62 billion for the quarter, compared to analysts' expectations of $2.57 billion. Fidelity National Information Services had a return on equity of 18.73% and a net margin of 1.09%.Fidelity National Information Services's quarterly revenue was up 5.1% on a year-over-year basis. During the same period last year, the firm earned $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. On average, analysts anticipate that Fidelity National Information Services, Inc. will post 5.74 earnings per share 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. 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 annualized dividend and a dividend yield of 2.2%. Fidelity National Information Services's dividend payout ratio (DPR) is presently 888.89%.

Analyst Upgrades and Downgrades

FIS has been the topic of a number of research reports. Royal Bank Of Canada lowered their price target on Fidelity National Information Services from $95.00 to $93.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 7th. Stephens raised their price target on Fidelity National Information Services from $90.00 to $100.00 and gave the company an "overweight" rating in a research report on Wednesday, May 7th. Robert W. Baird raised their price target 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 reduced 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. Finally, Keefe, Bruyette & Woods reduced 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 note on Wednesday, August 6th. Thirteen investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Fidelity National Information Services has a consensus rating of "Moderate Buy" and a consensus price target of $91.63.

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.