Park Avenue Securities LLC Takes Position in Fidelity National Information Services, Inc. $FIS

Key Points

• Park Avenue Securities LLC acquired a new position in Fidelity National Information Services (FIS) by buying 12,137 shares valued at approximately $988,000 during the second quarter.
• Fidelity National Information Services has an average rating of "Moderate Buy" from analysts, with a consensus price target of $91.17 despite mixed price targets from several institutions.
• The company recently declared a quarterly dividend of $0.40 per share, which translates to an annualized yield of 2.5% and a significant dividend payout ratio of 888.89%.

Park Avenue Securities LLC bought a new position in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 12,137 shares of the information technology services provider's stock, valued at approximately $988,000.

Several other hedge funds also recently added to or reduced their stakes in FIS. Brighton Jones LLC purchased a new stake in shares of Fidelity National Information Services during the 4th quarter worth approximately $347,000. Wealth Enhancement Advisory Services LLC lifted its position in Fidelity National Information Services by 10.4% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 110,864 shares of the information technology services provider's stock valued at $8,954,000 after acquiring an additional 10,418 shares during the last quarter. Wellington Management Group LLP boosted its stake in Fidelity National Information Services by 24.0% in the fourth quarter. Wellington Management Group LLP now owns 21,587 shares of the information technology services provider's stock valued at $1,744,000 after acquiring an additional 4,180 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in shares of Fidelity National Information Services by 8.2% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 2,013 shares of the information technology services provider's stock worth $150,000 after purchasing an additional 153 shares during the last quarter. Finally, Central Pacific Bank Trust Division increased its position in shares of Fidelity National Information Services by 86.6% during the first quarter. Central Pacific Bank Trust Division now owns 39,147 shares of the information technology services provider's stock worth $2,923,000 after purchasing an additional 18,169 shares in the last quarter. 96.23% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

FIS has been the subject of a number of research analyst reports. Robert W. Baird upped their target price on 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. Susquehanna decreased their price objective on Fidelity National Information Services from $81.00 to $77.00 and set a "neutral" rating for the company in a report on Friday, September 12th. Keefe, Bruyette & Woods lowered 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 research report on Wednesday, August 6th. UBS Group reduced their price target on shares of Fidelity National Information Services from $84.00 to $82.00 and set a "neutral" rating for the company in a research report on Wednesday, August 6th. Finally, Truist Financial raised 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 report on Thursday, July 17th. Twelve 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 company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $91.17.

Fidelity National Information Services Price Performance

Shares of NYSE:FIS opened at $64.21 on Friday. 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 $33.54 billion, a price-to-earnings ratio of 356.74 and a beta of 1.05. Fidelity National Information Services, Inc. has a 12 month low of $63.00 and a 12 month high of $91.98. The business's 50 day simple moving average is $71.23 and its 200-day simple moving average is $75.23.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The information technology services provider reported $1.36 EPS for the quarter, meeting the consensus estimate of $1.36. The business 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 quarterly revenue was up 5.1% on a year-over-year basis. During the same period in the prior year, the business 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. As a group, equities analysts forecast that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current fiscal year.

Fidelity National Information Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 24th. Investors of record on Wednesday, September 10th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend was Wednesday, September 10th. Fidelity National Information Services's dividend payout ratio is 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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