QRG Capital Management Inc. Purchases 4,981 Shares of Fidelity National Information Services, Inc. $FIS

Key Points

• QRG Capital Management Inc. increased its stake in Fidelity National Information Services by 11.3%, owning 48,894 shares after acquiring 4,981 additional shares worth approximately $3.98 million.
• Fidelity National Information Services reported $1.36 EPS for the latest quarter, matching analysts' expectations and achieving a revenue of $2.62 billion, up 5.1% from the previous year.
• The company recently declared a quarterly dividend of $0.40 per share, indicating a 2.4% yield despite a notably high dividend payout ratio of 888.89%.

QRG Capital Management Inc. increased its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 11.3% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 48,894 shares of the information technology services provider's stock after purchasing an additional 4,981 shares during the period. QRG Capital Management Inc.'s holdings in Fidelity National Information Services were worth $3,980,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Ascent Group LLC lifted 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 buying an additional 3,482 shares during the last quarter. Ameritas Advisory Services LLC lifted its holdings in Fidelity National Information Services by 26.7% during the 2nd quarter. Ameritas Advisory Services LLC now owns 17,416 shares of the information technology services provider's stock valued at $1,418,000 after purchasing an additional 3,671 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its holdings in Fidelity National Information Services by 9.0% during the 2nd 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. Hilltop National Bank acquired a new position in shares of Fidelity National Information Services in the second quarter valued at $1,616,000. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in shares of Fidelity National Information Services by 99.7% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 333,631 shares of the information technology services provider's stock valued at $27,161,000 after purchasing an additional 166,565 shares during the period. Institutional investors own 96.23% of the company's stock.

Fidelity National Information Services Price Performance

Fidelity National Information Services stock opened at $67.15 on Tuesday. The firm has a market cap of $35.08 billion, a PE ratio of 373.08 and a beta of 1.05. 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's fifty day moving average price is $69.44 and its two-hundred day moving average price is $75.03. Fidelity National Information Services, Inc. has a one year low of $63.00 and a one year high of $91.98.

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, meeting analysts' consensus estimates of $1.36. Fidelity National Information Services had a return on equity of 18.73% and a net margin of 1.09%.The firm had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $2.57 billion. During the same period in the prior year, the company posted $1.36 EPS. The company's revenue 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 expect that Fidelity National Information Services, Inc. will post 5.74 EPS for the current fiscal year.

Fidelity National Information Services Announces Dividend

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

Analyst Ratings Changes

Several analysts recently commented on FIS shares. Susquehanna reduced their target price on shares of 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. UBS Group upgraded Fidelity National Information Services from a "neutral" rating to a "buy" rating and set a $82.00 price objective for the company in a report on Tuesday, September 30th. 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. Keefe, Bruyette & Woods dropped their price target on Fidelity National Information Services from $88.00 to $85.00 and set an "outperform" rating for the company in a report on Wednesday, October 1st. Finally, Truist Financial upped their price objective on 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 equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price 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.

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