Robeco Institutional Asset Management B.V. Has $7.60 Million Position in Fidelity National Information Services, Inc. $FIS

Key Points

• Robeco Institutional Asset Management B.V. significantly reduced its stake in Fidelity National Information Services by 75.1%, holding 93,316 shares valued at approximately $7.60 million after selling 281,619 shares in the second quarter.
• Fidelity National Information Services reported a quarterly revenue of $2.62 billion, surpassing analyst estimates, and maintained earnings per share (EPS) at $1.36, meeting consensus expectations.
• The company declared a quarterly dividend of $0.40 per share with an annualized dividend yield of 2.4%, though it has a very high payout ratio of 888.89%.

Robeco Institutional Asset Management B.V. cut its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 75.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 93,316 shares of the information technology services provider's stock after selling 281,619 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in Fidelity National Information Services were worth $7,597,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Baupost Group LLC MA acquired a new stake in shares of Fidelity National Information Services in the 1st quarter valued at about $260,853,000. Nuveen LLC acquired a new stake in Fidelity National Information Services in the first quarter valued at approximately $187,514,000. Invesco Ltd. increased its holdings 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 valued at $694,824,000 after acquiring an additional 1,730,878 shares in the last quarter. Hotchkis & Wiley Capital Management LLC raised 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 purchasing an additional 986,646 shares during the period. Finally, Hawk Ridge Capital Management LP lifted its holdings in shares of Fidelity National Information Services by 647.7% in the 1st quarter. Hawk Ridge Capital Management LP now owns 1,062,280 shares of the information technology services provider's stock worth $79,331,000 after purchasing an additional 920,200 shares in the last quarter. 96.23% of the stock is owned by institutional investors.

Fidelity National Information Services Trading Up 0.4%

NYSE:FIS opened at $66.71 on Monday. Fidelity National Information Services, Inc. has a 52 week low of $63.00 and a 52 week high of $91.98. The firm has a 50-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 quick ratio of 0.59 and a current ratio of 0.59. The firm has a market cap of $34.85 billion, a price-to-earnings ratio of 370.60 and a beta of 1.05.

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 (EPS) for the quarter, meeting the consensus estimate 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 return on equity of 18.73% and a net margin of 1.09%.Fidelity National Information Services's quarterly revenue was up 5.1% on a year-over-year basis. During the same period in the prior year, the company 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. On average, equities analysts expect 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 was paid on Wednesday, September 24th. Investors of record on Wednesday, September 10th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend was Wednesday, September 10th. Fidelity National Information Services's payout ratio is 888.89%.

Analyst Ratings Changes

A number of analysts have commented on FIS shares. Susquehanna decreased their price target on shares of Fidelity National Information Services from $81.00 to $77.00 and set a "neutral" rating for the company in a research note on Friday, September 12th. UBS Group raised shares of Fidelity National Information Services from a "neutral" rating to a "buy" rating and set a $82.00 target price for the company in a research report on Tuesday, September 30th. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Fidelity National Information Services in a research report on Saturday, September 27th. Truist Financial lifted their price target 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. Finally, Keefe, Bruyette & Woods dropped their target price on 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. Thirteen research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus 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.

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