Shell Asset Management Co. Raises Stake in Fidelity National Information Services, Inc. $FIS

Key Points

• Shell Asset Management Co. increased its stake in Fidelity National Information Services, Inc. by 8.9%, holding approximately 133,799 shares valued at $10.89 million as of the latest SEC filing.
• Analysts have mixed ratings on Fidelity National Information Services, with a consensus rating of "Moderate Buy" and a target price of $91.00, while several firms are adjusting their price targets amidst varying market conditions.
• The company recently declared a quarterly dividend of $0.40 per share, indicating a yield of 2.4%, despite having a high dividend payout ratio of 888.89%.

Shell Asset Management Co. increased its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 8.9% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 133,799 shares of the information technology services provider's stock after purchasing an additional 10,933 shares during the quarter. Shell Asset Management Co.'s holdings in Fidelity National Information Services were worth $10,893,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of FIS. Dodge & Cox lifted its holdings in shares of Fidelity National Information Services by 1.4% during the 1st quarter. Dodge & Cox now owns 34,808,298 shares of the information technology services provider's stock valued at $2,599,484,000 after acquiring an additional 480,771 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Fidelity National Information Services by 4.1% during 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 in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Fidelity National Information Services by 0.3% in 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 buying an additional 31,626 shares during the period. Invesco Ltd. grew its stake in shares of Fidelity National Information Services by 22.9% in 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 buying an additional 1,730,878 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC raised its holdings in shares of Fidelity National Information Services by 17.4% during the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 6,666,499 shares of the information technology services provider's stock valued at $497,854,000 after buying an additional 986,646 shares during the period. 96.23% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Truist Financial increased their price objective on shares of Fidelity National Information Services from $84.00 to $85.00 and gave the company a "hold" rating in a research report on Thursday, July 17th. Keefe, Bruyette & Woods lowered their price target on shares of 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. UBS Group upgraded shares of Fidelity National Information Services from a "neutral" rating to a "buy" rating and set a $82.00 price objective on the stock in a report on Tuesday, September 30th. Weiss Ratings reissued a "sell (d)" rating on shares of Fidelity National Information Services in a report on Saturday, September 27th. Finally, Susquehanna decreased their target price on 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. Thirteen research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, 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 0.7%

NYSE:FIS opened at $67.15 on Tuesday. Fidelity National Information Services, Inc. has a 1 year low of $63.00 and a 1 year high of $91.98. The business has a fifty day moving average of $69.44 and a 200-day moving average of $75.03. 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 stock has a market cap of $35.08 billion, a price-to-earnings ratio of 373.08 and a beta of 1.05.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last announced its earnings results on Tuesday, August 5th. The information technology services provider reported $1.36 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $1.36. The firm had revenue of $2.62 billion during 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%. Fidelity National Information Services's revenue was up 5.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.36 EPS. 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 predict that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current year.

Fidelity National Information Services Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 24th. Shareholders of record on Wednesday, September 10th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis 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 presently 888.89%.

Fidelity National Information Services 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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