Fidelity National Information Services, Inc. $FIS Shares Purchased by Truist Financial Corp

Truist Financial Corp lifted its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 6.6% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 74,869 shares of the information technology services provider’s stock after purchasing an additional 4,619 shares during the quarter. Truist Financial Corp’s holdings in Fidelity National Information Services were worth $6,095,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Dodge & Cox grew its position in Fidelity National Information Services by 1.4% during the first quarter. Dodge & Cox now owns 34,808,298 shares of the information technology services provider’s stock worth $2,599,484,000 after buying an additional 480,771 shares during the period. Goldman Sachs Group Inc. grew its holdings in shares of Fidelity National Information Services by 4.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 10,712,794 shares of the information technology services provider’s stock worth $800,032,000 after acquiring an additional 419,199 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Fidelity National Information Services by 0.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 10,126,213 shares of the information technology services provider’s stock worth $755,928,000 after acquiring an additional 31,626 shares during the period. Invesco Ltd. grew its holdings in shares of Fidelity National Information Services by 22.9% in the 1st quarter. Invesco Ltd. now owns 9,304,011 shares of the information technology services provider’s stock worth $694,824,000 after acquiring an additional 1,730,878 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC grew its holdings in shares of Fidelity National Information Services by 17.4% in the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 6,666,499 shares of the information technology services provider’s stock worth $497,854,000 after acquiring an additional 986,646 shares during the period. 96.23% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

FIS has been the topic of several research reports. UBS Group raised Fidelity National Information Services from a “neutral” rating to a “buy” rating and set a $82.00 target price on the stock in a report on Tuesday, September 30th. Weiss Ratings reissued a “sell (d)” rating on shares of Fidelity National Information Services in a research note on Saturday, September 27th. Keefe, Bruyette & Woods lowered their price objective on shares of 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. Truist Financial increased 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 report on Thursday, July 17th. Finally, Susquehanna lowered their price target on shares of 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 issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $91.00.

Fidelity National Information Services Price Performance

FIS stock opened at $67.15 on Tuesday. The stock’s fifty day simple moving average is $69.44 and its 200-day simple moving average is $75.03. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.63. Fidelity National Information Services, Inc. has a 52-week low of $63.00 and a 52-week high of $91.98. The stock has a market capitalization of $35.08 billion, a price-to-earnings ratio of 373.08 and a beta of 1.05.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly 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 firm had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.57 billion. During the same period last year, the company earned $1.36 EPS. The firm’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. Equities research analysts expect that Fidelity National Information Services, Inc. will post 5.74 EPS for the current year.

Fidelity National Information Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 24th. Shareholders of record on Wednesday, September 10th were paid 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 was Wednesday, September 10th. Fidelity National Information Services’s payout ratio is currently 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.