Inspire Trust Co. N.A. Grows Position in Fidelity National Information Services, Inc. $FIS

Key Points

• Inspire Trust Co. N.A. increased its holdings in Fidelity National Information Services by 42.9%, purchasing an additional 15,000 shares, bringing its total to 50,000 shares valued at approximately $3.73 million.
• Fidelity National Information Services reported earnings of $1.36 per share for the last quarter, matching analysts' estimates, with a revenue of $2.62 billion, exceeding expectations.
• The company's stock has received a consensus rating of "Moderate Buy" from analysts, with a consensus price target of $91.63, reflecting positive sentiment towards the stock's future performance.

Inspire Trust Co. N.A. boosted its holdings in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 42.9% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 50,000 shares of the information technology services provider's stock after purchasing an additional 15,000 shares during the quarter. Inspire Trust Co. N.A.'s holdings in Fidelity National Information Services were worth $3,734,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Nuveen LLC purchased a new stake in shares of Fidelity National Information Services during the first quarter worth approximately $187,514,000. Invesco Ltd. raised its stake in shares of 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 worth $694,824,000 after purchasing an additional 1,730,878 shares during the last quarter. Capital Research Global Investors raised its stake in shares of Fidelity National Information Services by 3.8% during the fourth quarter. Capital Research Global Investors now owns 29,433,286 shares of the information technology services provider's stock worth $2,377,325,000 after purchasing an additional 1,082,929 shares during the last quarter. Northern Trust Corp raised its stake in shares of 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 worth $559,399,000 after purchasing an additional 982,955 shares during the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of 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 worth $61,973,000 after purchasing an additional 816,612 shares during the last quarter. 96.23% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

FIS has been the subject of several analyst reports. Oppenheimer upgraded Fidelity National Information Services from a "market perform" rating to an "outperform" rating and set a $94.00 price target for the company in a research note on Wednesday, April 23rd. Royal Bank Of Canada cut their price target on Fidelity National Information Services from $95.00 to $93.00 and set an "outperform" rating for the company in a research note on Wednesday, May 7th. Stephens upped their price target on Fidelity National Information Services from $90.00 to $100.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 7th. Citigroup upgraded Fidelity National Information Services from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $79.00 to $86.00 in a research report on Monday, April 21st. Finally, TD Cowen upgraded Fidelity National Information Services from a "hold" rating to a "buy" rating and set a $92.00 price objective for the company in a research report on Monday, April 21st. Thirteen research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Fidelity National Information Services currently has a consensus rating of "Moderate Buy" and an average target price of $91.63.

Fidelity National Information Services Price Performance

Shares of FIS traded up $0.0550 during trading hours on Tuesday, reaching $69.7850. 1,228,376 shares of the company traded hands, compared to its average volume of 3,609,657. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $36.45 billion, a PE ratio of 387.89 and a beta of 1.04. Fidelity National Information Services, Inc. has a fifty-two week low of $66.51 and a fifty-two week high of $91.98. The stock has a fifty day simple moving average of $78.66 and a 200 day simple moving average of $76.30.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.57 billion. During the same quarter last year, the company earned $1.36 earnings per share. The business's revenue for the quarter was up 5.1% compared to the same quarter last year. 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, research analysts predict that Fidelity National Information Services, Inc. will post 5.74 EPS for the current fiscal year.

Fidelity National Information Services Announces Dividend

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 given a dividend of $0.40 per share. The ex-dividend date is Wednesday, September 10th. This represents a $1.60 annualized dividend and a yield of 2.3%. Fidelity National Information Services's dividend payout ratio 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.