OLD National Bancorp IN Purchases 61,967 Shares of Fidelity National Information Services, Inc. $FIS

Key Points

• OLD National Bancorp IN significantly increased its holdings in Fidelity National Information Services, Inc. by 816.8%, acquiring 61,967 additional shares and bringing its total to 69,554 shares valued at $5.66 million.
• Several other institutional investors also boosted their stakes in Fidelity, with 111 Capital increasing its position by 57.5% and Ascent Group LLC raising its holdings by 106.1% in the second quarter.
• Analysts have mixed views on the stock, with a consensus rating of "Moderate Buy" and a target price of $91.00, but ratings vary widely, including several upgrades to "buy" and downgrades to "sell."

OLD National Bancorp IN raised its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 816.8% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 69,554 shares of the information technology services provider's stock after acquiring an additional 61,967 shares during the quarter. OLD National Bancorp IN's holdings in Fidelity National Information Services were worth $5,662,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. 111 Capital increased its stake in Fidelity National Information Services by 57.5% in the 2nd quarter. 111 Capital now owns 4,356 shares of the information technology services provider's stock valued at $355,000 after buying an additional 1,591 shares during the last quarter. QRG Capital Management Inc. grew its holdings in shares of Fidelity National Information Services by 11.3% in the 2nd quarter. QRG Capital Management Inc. now owns 48,894 shares of the information technology services provider's stock valued at $3,980,000 after acquiring an additional 4,981 shares in the last quarter. Ascent Group LLC increased its position in shares of Fidelity National Information Services by 106.1% in the second quarter. Ascent Group LLC now owns 6,765 shares of the information technology services provider's stock valued at $551,000 after acquiring an additional 3,482 shares during the last quarter. Ameritas Advisory Services LLC raised its holdings in Fidelity National Information Services by 26.7% during the second quarter. Ameritas Advisory Services LLC now owns 17,416 shares of the information technology services provider's stock worth $1,418,000 after acquiring an additional 3,671 shares in the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its position in Fidelity National Information Services by 9.0% during the second quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 22,139 shares of the information technology services provider's stock valued at $1,802,000 after purchasing an additional 1,826 shares during the last quarter. Institutional investors own 96.23% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on FIS shares. UBS Group raised Fidelity National Information Services from a "neutral" rating to a "buy" rating and set a $82.00 price target on the stock in a research report on Tuesday, September 30th. Keefe, Bruyette & Woods lowered their target price on shares of Fidelity National Information Services from $88.00 to $85.00 and set an "outperform" rating on the stock in a report on Wednesday, October 1st. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Fidelity National Information Services in a research report on Saturday, September 27th. Susquehanna decreased their price objective on shares of Fidelity National Information Services from $81.00 to $77.00 and set a "neutral" rating for the company in a research report on Friday, September 12th. Finally, Truist Financial upped their target price on shares of Fidelity National Information Services from $84.00 to $85.00 and gave the company a "hold" rating in a report on Thursday, July 17th. Thirteen analysts have rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Fidelity National Information Services has a consensus rating of "Moderate Buy" and a consensus target price of $91.00.

Fidelity National Information Services Trading Up 0.4%

FIS stock opened at $66.71 on Monday. Fidelity National Information Services, Inc. has a one year low of $63.00 and a one year high of $91.98. The stock has a market cap of $34.85 billion, a price-to-earnings ratio of 370.60 and a beta of 1.05. The company has a fifty day moving average price of $69.73 and a two-hundred day moving average price of $75.08. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.59 and a quick ratio of 0.59.

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 earnings per share for the quarter, meeting the consensus estimate of $1.36. The company had revenue of $2.62 billion for 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%. The company's revenue was up 5.1% on a year-over-year basis. During the same period in the prior year, the firm 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. Equities analysts anticipate that Fidelity National Information Services, Inc. will post 5.74 EPS for the current year.

Fidelity National Information Services Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 24th. Stockholders of record on Wednesday, September 10th were given a $0.40 dividend. The ex-dividend date of this dividend was Wednesday, September 10th. This represents a $1.60 annualized dividend and a dividend yield of 2.4%. Fidelity National Information Services's dividend payout ratio is presently 888.89%.

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.

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