Strs Ohio Invests $49.29 Million in Fidelity National Information Services, Inc. $FIS

Key Points

• Strs Ohio has made a significant investment of $49.29 million in Fidelity National Information Services, Inc., acquiring 660,000 shares during the first quarter.
• Multiple hedge funds have adjusted their holdings in Fidelity, with institutional investors now owning approximately 96.23% of the company's stock.
• Fidelity recently reported earnings of $1.36 EPS for the quarter, aligning with consensus estimates, and announced a quarterly dividend of $0.40 per share, reflecting a 2.4% dividend yield.

Strs Ohio bought a new position in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 660,000 shares of the information technology services provider's stock, valued at approximately $49,289,000. Strs Ohio owned about 0.13% of Fidelity National Information Services as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of FIS. Brighton Jones LLC bought a new position in Fidelity National Information Services during the fourth quarter worth $347,000. CoreCap Advisors LLC raised its stake in Fidelity National Information Services by 877.6% during the fourth quarter. CoreCap Advisors LLC now owns 567 shares of the information technology services provider's stock worth $46,000 after buying an additional 509 shares during the last quarter. EP Wealth Advisors LLC bought a new position in Fidelity National Information Services during the fourth quarter worth $260,000. Gotham Asset Management LLC raised its stake in Fidelity National Information Services by 6.5% during the fourth quarter. Gotham Asset Management LLC now owns 2,693 shares of the information technology services provider's stock worth $218,000 after buying an additional 164 shares during the last quarter. Finally, Jefferies Financial Group Inc. bought a new position in Fidelity National Information Services during the fourth quarter worth $2,130,000. Institutional investors own 96.23% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on FIS shares. Robert W. Baird lifted 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. UBS Group decreased their price target on shares of Fidelity National Information Services from $84.00 to $82.00 and set a "neutral" rating for the company in a research note on Wednesday, August 6th. Truist Financial lifted their price target 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. Finally, Keefe, Bruyette & Woods decreased their price target on shares of Fidelity National Information Services from $92.00 to $88.00 and set an "outperform" rating for the company in a research note on Wednesday, August 6th. Thirteen investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $91.63.

Fidelity National Information Services Trading Down 3.6%

NYSE:FIS opened at $66.20 on Thursday. 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 firm has a 50-day moving average of $74.74 and a 200-day moving average of $75.61. The company has a market cap of $34.58 billion, a PE ratio of 367.81 and a beta of 1.05. Fidelity National Information Services, Inc. has a one year low of $65.96 and a one year high of $91.98.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last posted its earnings results on Tuesday, August 5th. The information technology services provider reported $1.36 EPS for the quarter, hitting the consensus estimate of $1.36. The company had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $2.57 billion. Fidelity National Information Services had a net margin of 1.09% and a return on equity of 18.73%. The firm's revenue for the quarter was up 5.1% on a year-over-year basis. During the same period in the previous year, the firm 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. As a group, equities research analysts expect 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 announced a quarterly dividend, which will be paid on Wednesday, September 24th. Stockholders of record on Wednesday, September 10th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Wednesday, September 10th. Fidelity National Information Services's dividend payout ratio is currently 888.89%.

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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