Point72 Europe London LLP Invests $5.16 Million in Fidelity National Information Services, Inc. $FIS

Key Points

• Point72 Europe London LLP has acquired a new stake in Fidelity National Information Services, purchasing 69,100 shares valued at approximately $5.16 million during Q1 2023.
• Fidelity National Information Services reported a revenue increase of 5.1% year-over-year, with earnings per share hitting analysts' consensus estimates at $1.36 for the last quarter.
• The company announced a quarterly dividend of $0.40 per share, with an annualized yield of 2.3%, scheduled for payment on September 24th, 2023.

Point72 Europe London LLP bought a new stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 69,100 shares of the information technology services provider's stock, valued at approximately $5,160,000.

Several other large investors also recently added to or reduced their stakes in the business. Dodge & Cox grew its position in Fidelity National Information Services by 1.4% during the first quarter. Dodge & Cox now owns 34,808,298 shares of the information technology services provider's stock valued at $2,599,484,000 after buying an additional 480,771 shares during the period. Goldman Sachs Group Inc. boosted its position 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 worth $800,032,000 after purchasing an additional 419,199 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Fidelity National Information Services by 0.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 10,126,213 shares of the information technology services provider's stock worth $755,928,000 after acquiring an additional 31,626 shares during the last quarter. Invesco Ltd. boosted its position in shares of Fidelity National Information Services by 22.9% during the first quarter. Invesco Ltd. now owns 9,304,011 shares of the information technology services provider's stock worth $694,824,000 after acquiring an additional 1,730,878 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC boosted its position in shares of Fidelity National Information Services by 17.4% during 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 acquiring an additional 986,646 shares during the last quarter. 96.23% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on FIS shares. Robert W. Baird upped their price target on shares of 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. Royal Bank Of Canada decreased their price target on shares of Fidelity National Information Services from $95.00 to $93.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 7th. UBS Group reduced their target price on shares of Fidelity National Information Services from $84.00 to $82.00 and set a "neutral" rating on the stock in a research note on Wednesday, August 6th. Keefe, Bruyette & Woods reduced 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 note on Wednesday, August 6th. Finally, Stephens increased their target price on shares of Fidelity National Information Services from $90.00 to $100.00 and gave the company an "overweight" rating in a research note on Wednesday, May 7th. Thirteen research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $91.63.

Fidelity National Information Services Stock Performance

FIS traded down $0.11 during trading on Wednesday, reaching $68.20. 2,608,987 shares of the company's stock were exchanged, compared to its average volume of 4,117,928. Fidelity National Information Services, Inc. has a 1 year low of $66.51 and a 1 year high of $91.98. 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 stock has a market capitalization of $35.63 billion, a P/E ratio of 378.93 and a beta of 1.05. The company's fifty day simple moving average is $76.29 and its 200-day simple moving average is $75.70.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The information technology services provider reported $1.36 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $1.36. Fidelity National Information Services had a net margin of 1.09% and a return on equity of 18.73%. The company had revenue of $2.62 billion during the quarter, compared to analyst estimates of $2.57 billion. During the same period last year, the firm posted $1.36 EPS. Fidelity National Information Services'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. As a group, 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 Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 24th. Investors of record on Wednesday, September 10th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Wednesday, September 10th. Fidelity National Information Services's payout ratio is presently 888.89%.

About Fidelity National Information Services

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.