Fifth Third Bancorp Purchases 24,995 Shares of Fidelity National Information Services, Inc. $FIS

Key Points

• Fifth Third Bancorp increased its stake in Fidelity National Information Services by 163.8%, acquiring nearly 25,000 shares and now owning a total of 40,259 shares valued at approximately $3.3 million.
• Fidelity National Information Services' shares received mixed ratings from analysts, with a current average rating of "Moderate Buy" and an average price target of $91.17.
• The company recently declared a quarterly dividend of $0.40, translating to an annualized dividend yield of 2.5%, despite a high dividend payout ratio of 888.89%.

Fifth Third Bancorp grew its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 163.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 40,259 shares of the information technology services provider's stock after buying an additional 24,995 shares during the period. Fifth Third Bancorp's holdings in Fidelity National Information Services were worth $3,277,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in FIS. Sierra Ocean LLC raised its stake in shares of Fidelity National Information Services by 356.0% during the 1st quarter. Sierra Ocean LLC now owns 342 shares of the information technology services provider's stock valued at $26,000 after purchasing an additional 267 shares during the period. Meeder Asset Management Inc. grew its stake in 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 worth $26,000 after buying an additional 164 shares in the last quarter. YANKCOM Partnership raised its position in shares of Fidelity National Information Services by 118.8% during 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. raised its position in shares of 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 valued at $29,000 after buying an additional 250 shares in the last quarter. Finally, Cary Street Partners Investment Advisory LLC lifted its holdings in shares of 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 acquiring an additional 223 shares during the last quarter. Hedge funds and other institutional investors own 96.23% of the company's stock.

Analyst Upgrades and Downgrades

FIS has been the topic of several research reports. Robert W. Baird lifted their price target on shares of Fidelity National Information Services from $82.00 to $86.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 16th. Truist Financial upped 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. UBS Group reduced their price target on shares of Fidelity National Information Services from $84.00 to $82.00 and set a "neutral" rating for the company in a research note on Wednesday, August 6th. Susquehanna reduced their price objective on Fidelity National Information Services from $81.00 to $77.00 and set a "neutral" rating for the company in a research report on Friday, September 12th. Finally, Keefe, Bruyette & Woods decreased their price target on shares of 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. Twelve investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Fidelity National Information Services has an average rating of "Moderate Buy" and an average price target of $91.17.

Fidelity National Information Services Stock Performance

NYSE:FIS opened at $64.21 on Friday. The company has a market cap of $33.54 billion, a price-to-earnings ratio of 356.74 and a beta of 1.05. Fidelity National Information Services, Inc. has a 1 year low of $63.00 and a 1 year high of $91.98. The stock's 50 day simple moving average is $71.23 and its two-hundred day simple moving average is $75.23. 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 released its quarterly earnings results on Tuesday, August 5th. The information technology services provider reported $1.36 EPS for the quarter, hitting the consensus estimate of $1.36. The company had revenue of $2.62 billion during the quarter, compared to analyst estimates of $2.57 billion. Fidelity National Information Services had a return on equity of 18.73% and a net margin of 1.09%.The firm's revenue was up 5.1% on a year-over-year basis. During the same quarter 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, equities 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 business also recently declared a quarterly dividend, which was paid on Wednesday, September 24th. Stockholders of record on Wednesday, September 10th were issued a $0.40 dividend. The ex-dividend date was 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 currently 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.

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