VIRGINIA RETIREMENT SYSTEMS ET Al Makes New Investment in Fidelity National Information Services, Inc. $FIS

Key Points

• Virginia Retirement Systems has made a new investment in Fidelity National Information Services, purchasing 401,600 shares valued at approximately $32.7 million, which represents a 0.08% stake in the company.
• The company declared a $0.40 quarterly dividend, yielding 2.4%, with its dividend payout ratio currently at 888.89%.
• Fidelity National Information Services reported quarterly earnings of $1.36 EPS, meeting analysts' expectations, with a revenue of $2.62 billion for the quarter, up 5.1% from the previous year.

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 401,600 shares of the information technology services provider's stock, valued at approximately $32,694,000. VIRGINIA RETIREMENT SYSTEMS ET Al owned 0.08% of Fidelity National Information Services as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Brighton Jones LLC acquired a new position in Fidelity National Information Services during the 4th quarter worth about $347,000. Blue Trust Inc. lifted its position in shares of Fidelity National Information Services by 12.9% during the first quarter. Blue Trust Inc. now owns 5,474 shares of the information technology services provider's stock worth $409,000 after purchasing an additional 625 shares in the last quarter. PFG Investments LLC lifted its position in shares of Fidelity National Information Services by 20.9% during the first quarter. PFG Investments LLC now owns 4,833 shares of the information technology services provider's stock worth $361,000 after purchasing an additional 835 shares in the last quarter. Center for Financial Planning Inc. grew its holdings in shares of Fidelity National Information Services by 14.5% in the first quarter. Center for Financial Planning Inc. now owns 4,298 shares of the information technology services provider's stock valued at $321,000 after purchasing an additional 543 shares in the last quarter. Finally, Kentucky Retirement Systems Insurance Trust Fund grew its holdings in shares of Fidelity National Information Services by 52.0% in the first quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 15,672 shares of the information technology services provider's stock valued at $1,170,000 after purchasing an additional 5,362 shares in the last quarter. 96.23% of the stock is currently owned by hedge funds and other institutional investors.

Fidelity National Information Services Stock Performance

NYSE:FIS opened at $66.96 on Monday. Fidelity National Information Services, Inc. has a 12 month low of $63.00 and a 12 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 firm has a market capitalization of $34.98 billion, a PE ratio of 372.04 and a beta of 1.05. The business's fifty day moving average price is $67.92 and its 200 day moving average price is $74.58.

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 (EPS) 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 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. The business'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, sell-side analysts anticipate that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current fiscal year.

Fidelity National Information Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 24th. Shareholders of record on Wednesday, September 10th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.4%. The ex-dividend date was Wednesday, September 10th. Fidelity National Information Services's dividend payout ratio is currently 888.89%.

Insiders Place Their Bets

In related news, Director Jeffrey A. Goldstein acquired 889 shares of Fidelity National Information Services stock in a transaction dated Wednesday, October 15th. The stock was acquired at an average price of $67.66 per share, for a total transaction of $60,149.74. Following the transaction, the director owned 13,588 shares of the company's stock, valued at $919,364.08. This represents a 7.00% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.21% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on FIS. Weiss Ratings reiterated a "sell (d)" rating on shares of Fidelity National Information Services in a report on Wednesday, October 8th. Keefe, Bruyette & Woods reduced their price objective on Fidelity National Information Services from $88.00 to $85.00 and set an "outperform" rating on the stock in a research note on Wednesday, October 1st. Robert W. Baird boosted their target price on Fidelity National Information Services from $82.00 to $86.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 16th. Jefferies Financial Group cut their price target on Fidelity National Information Services from $75.00 to $70.00 and set a "hold" rating on the stock in a report on Tuesday, October 14th. Finally, Susquehanna reduced 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 report on Friday, September 12th. Thirteen equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $89.33.

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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