Fidelity National Information Services, Inc. $FIS Shares Acquired by Meiji Yasuda Asset Management Co Ltd.

Key Points

• Meiji Yasuda Asset Management Co Ltd. increased its stake in Fidelity National Information Services, acquiring an additional 3,636 shares during the first quarter, bringing its total to 44,732 shares worth approximately $3.34 million.
• Fidelity National Information Services announced a quarterly dividend of $0.40, with a yield of 2.3%, and a significant dividend payout ratio of 888.89%.
• The company reported earnings per share of $1.36 for the recent quarter, matching analyst estimates, and its revenue increased by 5.1% year-over-year to $2.62 billion.

Meiji Yasuda Asset Management Co Ltd. grew its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 8.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,732 shares of the information technology services provider's stock after purchasing an additional 3,636 shares during the period. Meiji Yasuda Asset Management Co Ltd.'s holdings in Fidelity National Information Services were worth $3,341,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Baupost Group LLC MA purchased a new stake in Fidelity National Information Services during the first quarter valued at about $260,853,000. Nuveen LLC bought a new position in Fidelity National Information Services in the first quarter worth about $187,514,000. Invesco Ltd. grew its holdings in 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 worth $694,824,000 after purchasing an additional 1,730,878 shares during the period. Hotchkis & Wiley Capital Management LLC grew its holdings in Fidelity National Information Services by 17.4% in the first 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, Hawk Ridge Capital Management LP grew its holdings in Fidelity National Information Services by 647.7% in the first quarter. Hawk Ridge Capital Management LP now owns 1,062,280 shares of the information technology services provider's stock worth $79,331,000 after purchasing an additional 920,200 shares during the period. 96.23% of the stock is currently owned by hedge funds and other institutional investors.

Fidelity National Information Services Stock Up 2.0%

Shares of NYSE FIS traded up $1.34 during trading hours on Thursday, hitting $67.71. 6,465,883 shares of the stock were exchanged, compared to its average volume of 3,748,125. The company has a market cap of $35.37 billion, a PE ratio of 376.19 and a beta of 1.05. Fidelity National Information Services, Inc. has a 12 month low of $65.82 and a 12 month high of $91.98. 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 firm has a fifty day moving average price of $74.46 and a 200-day moving average price of $75.60.

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 for the quarter, hitting the consensus estimate of $1.36. The company had revenue of $2.62 billion for 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%. Fidelity National Information Services's revenue was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.36 EPS. 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, sell-side analysts expect that Fidelity National Information Services, Inc. will post 5.74 EPS for the current year.

Fidelity National Information Services Announces Dividend

The company also recently announced 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. This represents a $1.60 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Wednesday, September 10th. Fidelity National Information Services's payout ratio is currently 888.89%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Keefe, Bruyette & Woods dropped their target price 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 raised 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. UBS Group cut their target price on shares of Fidelity National Information Services from $84.00 to $82.00 and set a "neutral" rating for the company in a research note on Wednesday, August 6th. Finally, Truist Financial lifted 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. Thirteen analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $91.63.

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.