Korea Investment CORP Lowers Holdings in Fidelity National Information Services, Inc. $FIS

Key Points

• Korea Investment CORP has reduced its holdings in Fidelity National Information Services, Inc. by 28.0%, owning 262,933 shares worth approximately $19.6 million after selling 102,000 shares in the first quarter.
• Several major investors, including Goldman Sachs and Invesco Ltd., have increased their stakes in Fidelity National, indicating confidence in the company's prospects.
• Fidelity National's stock has an average analyst rating of "Moderate Buy" with a consensus target price of $91.63, reflecting positive sentiment despite recent fluctuations in stock performance.

Korea Investment CORP decreased its position in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 28.0% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 262,933 shares of the information technology services provider's stock after selling 102,000 shares during the period. Korea Investment CORP owned 0.05% of Fidelity National Information Services worth $19,636,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. Goldman Sachs Group Inc. boosted its holdings in shares of Fidelity National Information Services by 4.1% in the first quarter. Goldman Sachs Group Inc. now owns 10,712,794 shares of the information technology services provider's stock valued at $800,032,000 after purchasing an additional 419,199 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Fidelity National Information Services by 0.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 10,126,213 shares of the information technology services provider's stock valued at $755,928,000 after purchasing an additional 31,626 shares during the period. Invesco Ltd. boosted its holdings in shares of Fidelity National Information Services by 22.9% in the first quarter. Invesco Ltd. now owns 9,304,011 shares of the information technology services provider's stock valued at $694,824,000 after purchasing an additional 1,730,878 shares during the period. Northern Trust Corp boosted its holdings in shares of Fidelity National Information Services by 16.5% in the fourth quarter. Northern Trust Corp now owns 6,925,824 shares of the information technology services provider's stock valued at $559,399,000 after purchasing an additional 982,955 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its stake in Fidelity National Information Services by 4.1% in the first quarter. Massachusetts Financial Services Co. MA now owns 6,203,963 shares of the information technology services provider's stock worth $463,312,000 after buying an additional 246,558 shares in the last quarter. Hedge funds and other institutional investors own 96.23% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently commented on FIS. 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 note on Wednesday, April 23rd. Robert W. Baird boosted their price objective 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 boosted their price objective on shares of 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. Stephens boosted their price objective on shares of 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. Finally, Royal Bank Of Canada reduced their price objective on shares of 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. Thirteen analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $91.63.

Fidelity National Information Services Stock Performance

Shares of FIS opened at $69.6950 on Thursday. Fidelity National Information Services, Inc. has a 12 month low of $66.51 and a 12 month high of $91.98. The stock has a fifty day moving average price of $78.19 and a 200-day moving average price of $76.21. 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 firm has a market cap of $36.41 billion, a PE ratio of 387.22 and a beta of 1.04.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The information technology services provider reported $1.36 EPS for the quarter, meeting the consensus estimate 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 during the quarter, compared to analyst estimates of $2.57 billion. During the same quarter in the prior year, the business posted $1.36 EPS. 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. 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 Dividend Announcement

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