Vident Advisory LLC Purchases 22,750 Shares of Fidelity National Information Services, Inc. $FIS

Key Points

• Vident Advisory LLC increased its stake in Fidelity National Information Services by 254.6%, owning a total of 31,686 shares worth approximately $2.37 million as of the latest SEC filing.
• Fidelity National Information Services recently reported quarterly earnings of $1.36 EPS, meeting expectations, with revenue of $2.62 billion, which is a 5.1% year-over-year increase.
• The company declared a quarterly dividend of $0.40 per share, translating to an annualized yield of 2.3%, with the ex-dividend date set for September 10th.

Vident Advisory LLC lifted its holdings in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 254.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,686 shares of the information technology services provider's stock after purchasing an additional 22,750 shares during the quarter. Vident Advisory LLC's holdings in Fidelity National Information Services were worth $2,366,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of FIS. Baupost Group LLC MA purchased a new position in shares of Fidelity National Information Services in the first quarter worth $260,853,000. Nuveen LLC purchased a new position in shares of Fidelity National Information Services in the first quarter worth $187,514,000. Invesco Ltd. increased its position in Fidelity National Information Services by 22.9% during 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 acquiring an additional 1,730,878 shares during the last quarter. Hotchkis & Wiley Capital Management LLC increased its position in Fidelity National Information Services by 17.4% during the first 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 acquiring an additional 986,646 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in 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 valued at $61,973,000 after acquiring an additional 816,612 shares during the last quarter. Hedge funds and other institutional investors own 96.23% of the company's stock.

Analyst Upgrades and Downgrades

FIS has been the subject of a number of research reports. Truist Financial upped their price objective on 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. 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. 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. Finally, Robert W. Baird upped their price objective on Fidelity National Information Services from $82.00 to $86.00 and gave the company a "neutral" rating in a research report on Wednesday, July 16th. Thirteen investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Fidelity National Information Services currently has a consensus rating of "Moderate Buy" and a consensus target price of $91.63.

Fidelity National Information Services Stock Performance

FIS traded down $0.03 during midday trading on Friday, reaching $68.68. The company had a trading volume of 3,308,823 shares, compared to its average volume of 3,404,865. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.63. The business has a 50-day moving average of $75.56 and a two-hundred day moving average of $75.64. The company has a market cap of $35.88 billion, a P/E ratio of 381.59 and a beta of 1.05. Fidelity National Information Services, Inc. has a 1 year low of $66.51 and a 1 year high of $91.98.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The information technology services provider reported $1.36 earnings per share for the quarter, hitting 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 return on equity of 18.73% and a net margin of 1.09%.The business's quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter in the prior year, the company 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 predict that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 24th. Stockholders of record on Wednesday, September 10th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.3%. Fidelity National Information Services's dividend 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.