Mirae Asset Global Investments Co. Ltd. Purchases 166,565 Shares of Fidelity National Information Services, Inc. $FIS

Key Points

• Mirae Asset Global Investments Co. Ltd. increased its stake in Fidelity National Information Services by 99.7%, acquiring an additional 166,565 shares, bringing its total to 333,631 shares worth approximately $27.16 million.
• Fidelity National Information Services reported earnings of $1.36 per share for the latest quarter, meeting analysts' expectations, while its revenue grew by 5.1% year-over-year, totaling $2.62 billion.
• The company recently announced a quarterly dividend of $0.40, resulting in a 2.4% dividend yield and a significantly high dividend payout ratio of 888.89%.

Mirae Asset Global Investments Co. Ltd. boosted its position in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 99.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 333,631 shares of the information technology services provider's stock after acquiring an additional 166,565 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned 0.06% of Fidelity National Information Services worth $27,161,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Sierra Ocean LLC increased its stake 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 acquiring an additional 267 shares during the last quarter. Meeder Asset Management Inc. increased its stake in Fidelity National Information Services by 92.1% in 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 during the last quarter. YANKCOM Partnership increased its stake in 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 acquiring an additional 190 shares during the last quarter. Hazlett Burt & Watson Inc. increased its stake in Fidelity National Information Services by 179.9% in the first quarter. Hazlett Burt & Watson Inc. now owns 389 shares of the information technology services provider's stock valued at $29,000 after acquiring an additional 250 shares during the last quarter. Finally, Cary Street Partners Investment Advisory LLC increased its stake in Fidelity National Information Services by 100.5% in the first quarter. Cary Street Partners Investment Advisory LLC now owns 445 shares of the information technology services provider's stock valued at $33,000 after acquiring an additional 223 shares during the last quarter. Institutional investors own 96.23% of the company's stock.

Fidelity National Information Services Stock Performance

Fidelity National Information Services stock opened at $66.71 on Friday. 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 50-day moving average of $69.73 and a 200-day moving average of $75.07. The firm has a market cap of $34.85 billion, a P/E ratio of 370.60 and a beta of 1.05. Fidelity National Information Services, Inc. has a 1-year low of $63.00 and a 1-year high of $91.98.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last posted its earnings results on Tuesday, August 5th. The information technology services provider reported $1.36 earnings per share for the quarter, hitting analysts' consensus estimates of $1.36. The company had revenue of $2.62 billion during the quarter, compared to analyst estimates 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 for the quarter was up 5.1% on a year-over-year basis. During the same period in the prior year, the business 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. Sell-side analysts expect that Fidelity National Information Services, Inc. will post 5.74 EPS for the current year.

Fidelity National Information Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 24th. Shareholders of record on Wednesday, September 10th were issued a $0.40 dividend. The ex-dividend date was Wednesday, September 10th. This represents a $1.60 annualized dividend and a yield of 2.4%. Fidelity National Information Services's dividend payout ratio (DPR) is 888.89%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on FIS. Robert W. Baird raised their price objective on Fidelity National Information Services from $82.00 to $86.00 and gave the company a "neutral" rating in a research note on Wednesday, July 16th. Truist Financial raised their price objective on Fidelity National Information Services from $84.00 to $85.00 and gave the company a "hold" rating in a research note on Thursday, July 17th. UBS Group raised Fidelity National Information Services from a "neutral" rating to a "buy" rating and set a $82.00 price objective on the stock in a research note on Tuesday. Keefe, Bruyette & Woods reduced their price objective on Fidelity National Information Services from $88.00 to $85.00 and set an "outperform" rating on the stock in a research note on Wednesday. Finally, Susquehanna reduced their price objective on Fidelity National Information Services from $81.00 to $77.00 and set a "neutral" rating on the stock in a research note on Friday, September 12th. Thirteen equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $91.00.

Fidelity National Information Services Company 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.

Want to see what other hedge funds are holding FIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fidelity National Information Services, Inc. (NYSE:FIS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.