Van Lanschot Kempen Investment Management N.V. Purchases New Shares in Fidelity National Information Services, Inc. $FIS

Key Points

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Van Lanschot Kempen Investment Management N.V. bought a new stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 422,949 shares of the information technology services provider's stock, valued at approximately $31,586,000. Van Lanschot Kempen Investment Management N.V. owned 0.08% of Fidelity National Information Services as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. BI Asset Management Fondsmaeglerselskab A S boosted its stake in Fidelity National Information Services by 7.9% during the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 382,766 shares of the information technology services provider's stock valued at $28,585,000 after purchasing an additional 28,140 shares during the period. Texas Capital Bank Wealth Management Services Inc bought a new stake in Fidelity National Information Services during the 1st quarter valued at approximately $230,000. Bank OZK lifted its position in shares of Fidelity National Information Services by 20.1% in the 1st quarter. Bank OZK now owns 25,137 shares of the information technology services provider's stock worth $1,877,000 after acquiring an additional 4,213 shares during the period. Fuller & Thaler Asset Management Inc. lifted its position in shares of Fidelity National Information Services by 2.4% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 317,584 shares of the information technology services provider's stock worth $23,717,000 after acquiring an additional 7,393 shares during the period. Finally, RWA Wealth Partners LLC bought a new stake in shares of Fidelity National Information Services in the 1st quarter worth approximately $242,000. Institutional investors own 96.23% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on FIS. Truist Financial raised their price objective 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. UBS Group reduced their price objective on Fidelity National Information Services from $84.00 to $82.00 and set a "neutral" rating for the company in a research report on Wednesday, August 6th. Royal Bank Of Canada reduced their price objective on Fidelity National Information Services from $95.00 to $93.00 and set an "outperform" rating for the company in a research report on Wednesday, May 7th. Robert W. Baird raised their price objective on Fidelity National Information Services from $82.00 to $86.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 16th. Finally, Keefe, Bruyette & Woods reduced their price objective on Fidelity National Information Services from $92.00 to $88.00 and set an "outperform" rating for the company in a research report on Wednesday, August 6th. Thirteen analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, Fidelity National Information Services presently has an average rating of "Moderate Buy" and an average price target of $91.63.

Fidelity National Information Services Price Performance

Shares of FIS traded up $2.2310 during mid-day trading on Friday, reaching $71.7810. The company had a trading volume of 3,012,205 shares, compared to its average volume of 3,900,357. Fidelity National Information Services, Inc. has a twelve month low of $66.51 and a twelve month high of $91.98. 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 company's 50-day moving average is $77.82 and its 200-day moving average is $76.06. The company has a market capitalization of $37.50 billion, a P/E ratio of 398.81 and a beta of 1.04.

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 (EPS) for the quarter, hitting analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $2.57 billion. During the same period in the prior year, the firm posted $1.36 EPS. Fidelity National Information Services's quarterly revenue was up 5.1% compared to the same quarter last year. 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 anticipate that Fidelity National Information Services, Inc. will post 5.74 EPS for the current year.

Fidelity National Information Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 24th. Investors of record on Wednesday, September 10th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend is Wednesday, September 10th. Fidelity National Information Services's dividend payout ratio (DPR) 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.