Fuller & Thaler Asset Management Inc. Increases Stake in Fidelity National Information Services, Inc. $FIS

Key Points

• Fuller & Thaler Asset Management Inc. increased its stake in Fidelity National Information Services, Inc. by 2.4%, owning 317,584 shares worth approximately $23.7 million as of the latest SEC filing.
• Fidelity National Information Services announced a quarterly dividend of $0.40, resulting in an annualized yield of 2.3%, despite having a significantly high dividend payout ratio of 888.89%.
• As of now, 96.23% of Fidelity National Information Services' stock is owned by hedge funds and institutional investors, indicating strong institutional interest in the company.

Fuller & Thaler Asset Management Inc. lifted its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 2.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 317,584 shares of the information technology services provider's stock after acquiring an additional 7,393 shares during the period. Fuller & Thaler Asset Management Inc. owned 0.06% of Fidelity National Information Services worth $23,717,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of FIS. Brighton Jones LLC purchased a new position in Fidelity National Information Services in the fourth quarter valued at approximately $347,000. MML Investors Services LLC raised its holdings in Fidelity National Information Services by 15.7% in the fourth quarter. MML Investors Services LLC now owns 41,186 shares of the information technology services provider's stock valued at $3,327,000 after buying an additional 5,587 shares during the period. Tower Research Capital LLC TRC raised its holdings in Fidelity National Information Services by 45.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 41,079 shares of the information technology services provider's stock valued at $3,318,000 after buying an additional 12,918 shares during the period. TD Waterhouse Canada Inc. raised its holdings in Fidelity National Information Services by 3.0% in the fourth quarter. TD Waterhouse Canada Inc. now owns 21,656 shares of the information technology services provider's stock valued at $1,750,000 after buying an additional 634 shares during the period. Finally, OneDigital Investment Advisors LLC raised its holdings in Fidelity National Information Services by 70.3% in the fourth quarter. OneDigital Investment Advisors LLC now owns 20,845 shares of the information technology services provider's stock valued at $1,684,000 after buying an additional 8,603 shares during the period. Hedge funds and other institutional investors own 96.23% of the company's stock.

Fidelity National Information Services Stock Down 0.6%

FIS stock opened at $69.2960 on Wednesday. Fidelity National Information Services, Inc. has a twelve month low of $66.51 and a twelve month high of $91.98. 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 company has a market capitalization of $36.20 billion, a P/E ratio of 385.00 and a beta of 1.04. The firm has a 50 day simple moving average of $78.42 and a 200-day simple moving average of $76.26.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The information technology services provider reported $1.36 EPS for the quarter, hitting analysts' consensus estimates of $1.36. The firm had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $2.57 billion. Fidelity National Information Services had a net margin of 1.09% and a return on equity of 18.73%. The firm's revenue was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the company 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. On average, equities research analysts predict 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 business 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 2.3%. The ex-dividend date is Wednesday, September 10th. Fidelity National Information Services's dividend payout ratio (DPR) is presently 888.89%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on FIS. UBS Group cut their price target on shares of Fidelity National Information Services from $84.00 to $82.00 and set a "neutral" rating on the stock in a report on Wednesday, August 6th. Oppenheimer raised shares of Fidelity National Information Services from a "market perform" rating to an "outperform" rating and set a $94.00 price objective for the company in a research report on Wednesday, April 23rd. Robert W. Baird increased their price objective on shares of 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. Truist Financial increased their price objective on shares of 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. Finally, Stephens increased their price objective on shares of 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. 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 company. According to data from MarketBeat, Fidelity National Information Services presently has an average rating of "Moderate Buy" and a consensus price target of $91.63.

About Fidelity National Information Services

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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