Jones Financial Companies Lllp Buys 26,843 Shares of Fidelity National Information Services, Inc. $FIS

Key Points

• Jones Financial Companies Lllp significantly increased its ownership in Fidelity National Information Services, buying 26,843 shares and raising its stake by 347.9% in the 1st quarter, now holding a total of 34,558 shares valued at $2.58 million.
• The stock of Fidelity National Information Services is currently trading at $66.20, down 3.6%, with a market cap of $34.58 billion and a P/E ratio of 367.81, reflecting considerable market fluctuations.
• Fidelity National Information Services recently announced a quarterly dividend of $0.40 per share, with an annualized yield of 2.4%, despite a high dividend payout ratio of 888.89%.

Jones Financial Companies Lllp raised its stake in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 347.9% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 34,558 shares of the information technology services provider's stock after purchasing an additional 26,843 shares during the quarter. Jones Financial Companies Lllp's holdings in Fidelity National Information Services were worth $2,581,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Sierra Ocean LLC raised its holdings in Fidelity National Information Services by 356.0% in the first quarter. Sierra Ocean LLC now owns 342 shares of the information technology services provider's stock valued at $26,000 after buying an additional 267 shares during the period. YANKCOM Partnership boosted its stake in shares of Fidelity National Information Services by 118.8% in the first quarter. YANKCOM Partnership now owns 350 shares of the information technology services provider's stock valued at $26,000 after purchasing an additional 190 shares during the period. Meeder Asset Management Inc. grew its stake in shares of Fidelity National Information Services by 92.1% during the first quarter. Meeder Asset Management Inc. now owns 342 shares of the information technology services provider's stock valued at $26,000 after acquiring an additional 164 shares in the last quarter. Hazlett Burt & Watson Inc. increased its holdings in 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 worth $29,000 after purchasing an additional 250 shares during the last quarter. Finally, Kennebec Savings Bank raised its position in shares of Fidelity National Information Services by 71.3% in the 1st quarter. Kennebec Savings Bank now owns 447 shares of the information technology services provider's stock valued at $33,000 after purchasing an additional 186 shares in the last quarter. 96.23% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

FIS has been the topic of several recent analyst reports. Keefe, Bruyette & Woods cut 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 report on Wednesday, August 6th. Robert W. Baird increased 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 report on Wednesday, July 16th. Truist Financial lifted their price target on Fidelity National Information Services from $84.00 to $85.00 and gave the stock a "hold" rating in a research note on Thursday, July 17th. Finally, UBS Group cut 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. Thirteen research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Fidelity National Information Services has an average rating of "Moderate Buy" and a consensus target price of $91.63.

Fidelity National Information Services Stock Performance

Shares of FIS traded down $0.82 during trading hours on Friday, reaching $66.89. 4,107,075 shares of the company's stock traded hands, compared to its average volume of 3,896,908. Fidelity National Information Services, Inc. has a twelve month low of $65.82 and a twelve month high of $91.98. The business's fifty day simple moving average is $74.16 and its two-hundred day simple moving average is $75.58. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.59 and a quick ratio of 0.59. The firm has a market capitalization of $34.94 billion, a price-to-earnings ratio of 371.63 and a beta of 1.05.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last released its earnings results on Tuesday, August 5th. The information technology services provider reported $1.36 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $1.36. The firm had revenue of $2.62 billion for 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%.Fidelity National Information Services's revenue was up 5.1% compared to the same quarter last year. During the same period in the previous year, the company 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. Analysts predict that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current year.

Fidelity National Information Services Dividend Announcement

The company also recently declared 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 2.4%. Fidelity National Information Services's payout ratio is presently 888.89%.

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.