Swedbank AB Buys 8,316 Shares of Fidelity National Information Services, Inc. $FIS

Key Points

• Swedbank AB has increased its holdings in Fidelity National Information Services by 2.3%, acquiring an additional 8,316 shares, bringing its total to 374,979 shares worth approximately $30.5 million.
• Fidelity National Information Services recently declared a quarterly dividend of $0.40 per share, representing an annualized dividend of $1.60 and a yield of 2.5%.
• Recent research shows a consensus rating of "Moderate Buy" for Fidelity National Information Services, with an average target price of $91.17 from various analysts.

Swedbank AB raised its holdings in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 2.3% in the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 374,979 shares of the information technology services provider's stock after buying an additional 8,316 shares during the quarter. Swedbank AB owned about 0.07% of Fidelity National Information Services worth $30,527,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FIS. Brighton Jones LLC purchased a new position in shares of Fidelity National Information Services in the fourth quarter worth about $347,000. Vident Advisory LLC raised its position in Fidelity National Information Services by 25.4% during the fourth quarter. Vident Advisory LLC now owns 8,936 shares of the information technology services provider's stock valued at $722,000 after acquiring an additional 1,810 shares in the last quarter. Woodline Partners LP purchased a new position in Fidelity National Information Services during the fourth quarter valued at approximately $2,611,000. Waverly Advisors LLC increased its position in shares of Fidelity National Information Services by 40.6% in the fourth quarter. Waverly Advisors LLC now owns 11,053 shares of the information technology services provider's stock valued at $893,000 after buying an additional 3,189 shares in the last quarter. Finally, Worldquant Millennium Advisors LLC purchased a new stake in shares of Fidelity National Information Services in the fourth quarter valued at approximately $324,000. 96.23% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

FIS has been the subject of several research reports. Truist Financial boosted their price target on Fidelity National Information Services from $84.00 to $85.00 and gave the stock a "hold" rating in a research report on Thursday, July 17th. Susquehanna decreased their price target on Fidelity National Information Services from $81.00 to $77.00 and set a "neutral" rating on the stock in a research note on Friday, September 12th. Robert W. Baird upped their price target on 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. Keefe, Bruyette & Woods decreased their price target on Fidelity National Information Services from $92.00 to $88.00 and set an "outperform" rating on the stock in a research note on Wednesday, August 6th. Finally, UBS Group lowered their target price on Fidelity National Information Services from $84.00 to $82.00 and set a "neutral" rating for the company in a report on Wednesday, August 6th. Twelve equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $91.17.

Fidelity National Information Services Price Performance

Shares of NYSE FIS opened at $65.11 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.59 and a current ratio of 0.59. Fidelity National Information Services, Inc. has a fifty-two week low of $65.03 and a fifty-two week high of $91.98. The firm has a market capitalization of $34.01 billion, a PE ratio of 361.73 and a beta of 1.05. The stock's 50-day simple moving average is $72.81 and its 200-day simple moving average is $75.44.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last issued its earnings results on Tuesday, August 5th. The information technology services provider reported $1.36 earnings per share for the quarter, hitting the consensus estimate of $1.36. Fidelity National Information Services had a return on equity of 18.73% and a net margin of 1.09%.The business had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.57 billion. During the same quarter last year, the company earned $1.36 EPS. The business's quarterly revenue was up 5.1% on a year-over-year basis. 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 forecast that Fidelity National Information Services, Inc. will post 5.74 EPS for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 24th. Shareholders of record on Wednesday, September 10th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a $1.60 annualized dividend and a yield of 2.5%. Fidelity National Information Services's payout ratio is 888.89%.

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.

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