State of New Jersey Common Pension Fund D Reduces Holdings in Fidelity National Information Services, Inc. $FIS

Key Points

• The State of New Jersey Common Pension Fund D has reduced its stake in Fidelity National Information Services, Inc. by 9.0%, owning 182,717 shares valued at approximately $13.65 million.
• Multiple hedge funds increased their positions in Fidelity National Information Services, with Sierra Ocean LLC boosting its stake by 356.0% in the first quarter.
• Fidelity National Information Services recently reported a quarterly earnings per share of $1.36, meeting analysts' expectations, with revenue surpassing estimates at $2.62 billion.

State of New Jersey Common Pension Fund D lowered its stake in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 9.0% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 182,717 shares of the information technology services provider's stock after selling 18,088 shares during the quarter. State of New Jersey Common Pension Fund D's holdings in Fidelity National Information Services were worth $13,645,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the stock. Nuveen LLC acquired a new stake in shares of Fidelity National Information Services during the first quarter valued at $187,514,000. Invesco Ltd. lifted its holdings in Fidelity National Information Services by 22.9% in the 1st quarter. Invesco Ltd. now owns 9,304,011 shares of the information technology services provider's stock valued at $694,824,000 after purchasing an additional 1,730,878 shares in the last quarter. Capital Research Global Investors boosted its stake in shares of Fidelity National Information Services by 3.8% during the 4th quarter. Capital Research Global Investors now owns 29,433,286 shares of the information technology services provider's stock worth $2,377,325,000 after purchasing an additional 1,082,929 shares during the last quarter. Northern Trust Corp boosted its stake in shares of Fidelity National Information Services by 16.5% during the 4th quarter. Northern Trust Corp now owns 6,925,824 shares of the information technology services provider's stock worth $559,399,000 after purchasing an additional 982,955 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of Fidelity National Information Services by 6,171.5% during the first quarter. GAMMA Investing LLC now owns 829,844 shares of the information technology services provider's stock worth $61,973,000 after buying an additional 816,612 shares in the last quarter. Hedge funds and other institutional investors own 96.23% of the company's stock.

Fidelity National Information Services Trading Up 0.5%

Shares of FIS traded up $0.3650 during trading hours on Wednesday, hitting $69.6950. The stock had a trading volume of 3,179,599 shares, compared to its average volume of 3,623,531. 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 $36.41 billion, a P/E ratio of 387.22 and a beta of 1.04. The company's fifty day simple moving average is $78.42 and its 200 day simple moving average is $76.26. Fidelity National Information Services, Inc. has a 12-month low of $66.51 and a 12-month high of $91.98.

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, meeting analysts' consensus estimates of $1.36. The firm had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $2.57 billion. Fidelity National Information Services had a return on equity of 18.73% and a net margin of 1.09%.The firm's quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter in the previous 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. Equities research analysts forecast that Fidelity National Information Services, Inc. will post 5.74 EPS for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 24th. Shareholders of record on Wednesday, September 10th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Wednesday, September 10th. Fidelity National Information Services's payout ratio is currently 888.89%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Truist Financial upped 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 note on Thursday, July 17th. Stephens increased their price target on Fidelity National Information Services from $90.00 to $100.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 7th. Keefe, Bruyette & Woods decreased their price objective on Fidelity National Information Services from $92.00 to $88.00 and set an "outperform" rating on the stock in a report on Wednesday, August 6th. Oppenheimer upgraded Fidelity National Information Services from a "market perform" rating to an "outperform" rating and set a $94.00 target price for the company in a research note on Wednesday, April 23rd. Finally, Royal Bank Of Canada decreased their price target on 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. Thirteen analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $91.63.

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.