Flputnam Investment Management Co. Makes New Investment in Fidelity National Information Services, Inc. $FIS

Key Points

• Flputnam Investment Management Co. has acquired 61,104 shares of Fidelity National Information Services, Inc., valued at approximately $4.56 million, marking a new stake for the company in the information technology sector.
• The company announced a quarterly dividend of $0.40 per share, with a yield of 2.3%, to be paid on September 24th, indicating strong financial performance.
• Fidelity National Information Services has a current market cap of $36.45 billion and a consensus target price of $91.63, with most analysts rating the stock as a "Moderate Buy."

Flputnam Investment Management Co. bought a new position in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) during the 1st quarter, according to the company in its most recent filing with the SEC. The fund bought 61,104 shares of the information technology services provider's stock, valued at approximately $4,563,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in FIS. Baupost Group LLC MA acquired a new position in Fidelity National Information Services during the 1st quarter worth approximately $260,853,000. Nuveen LLC acquired a new position in Fidelity National Information Services during the 1st quarter worth approximately $187,514,000. Invesco Ltd. increased its position in Fidelity National Information Services by 22.9% during the 1st quarter. Invesco Ltd. now owns 9,304,011 shares of the information technology services provider's stock worth $694,824,000 after purchasing an additional 1,730,878 shares during the period. Hotchkis & Wiley Capital Management LLC increased its position in Fidelity National Information Services by 17.4% during the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 6,666,499 shares of the information technology services provider's stock worth $497,854,000 after purchasing an additional 986,646 shares during the period. Finally, GAMMA Investing LLC increased its position in Fidelity National Information Services by 6,171.5% during the 1st quarter. GAMMA Investing LLC now owns 829,844 shares of the information technology services provider's stock worth $61,973,000 after purchasing an additional 816,612 shares during the period. Institutional investors and hedge funds own 96.23% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on FIS shares. Truist Financial raised their price objective on Fidelity National Information Services from $84.00 to $85.00 and gave the company a "hold" rating in a research note on Thursday, July 17th. Robert W. Baird raised their price objective on Fidelity National Information Services from $82.00 to $86.00 and gave the company a "neutral" rating in a research note on Wednesday, July 16th. UBS Group decreased their price objective on shares of 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. Finally, Keefe, Bruyette & Woods lowered their price objective on shares of 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 assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $91.63.

Fidelity National Information Services Price Performance

NYSE:FIS traded down $0.03 during trading hours on Friday, reaching $68.68. 3,308,814 shares of the company traded hands, compared to its average volume of 3,608,132. The firm's 50-day moving average is $75.81 and its 200-day moving average is $75.65. The stock has a market cap of $35.88 billion, a P/E ratio of 381.59 and a beta of 1.05. 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, Inc. has a 1-year low of $66.51 and a 1-year 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 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 quarter in the prior year, the firm earned $1.36 EPS. 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. Equities research analysts expect that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current fiscal year.

Fidelity National Information Services Announces Dividend

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

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.