Boston Partners Acquires 1,122,181 Shares of Fidelity National Information Services, Inc. $FIS

Boston Partners raised its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 10.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,820,211 shares of the information technology services provider’s stock after purchasing an additional 1,122,181 shares during the quarter. Fidelity National Information Services accounts for approximately 1.1% of Boston Partners’ investment portfolio, making the stock its 14th largest holding. Boston Partners owned approximately 2.26% of Fidelity National Information Services worth $958,537,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Monetary Management Group Inc. lifted its holdings in Fidelity National Information Services by 2.8% during the first quarter. Monetary Management Group Inc. now owns 4,960 shares of the information technology services provider’s stock worth $370,000 after buying an additional 135 shares during the period. Phoenix Wealth Advisors increased its holdings in Fidelity National Information Services by 0.4% in the 1st quarter. Phoenix Wealth Advisors now owns 30,861 shares of the information technology services provider’s stock worth $2,305,000 after buying an additional 135 shares during the period. CX Institutional lifted its position in Fidelity National Information Services by 2.3% during the second quarter. CX Institutional now owns 6,317 shares of the information technology services provider’s stock valued at $514,000 after purchasing an additional 140 shares during the period. Dorsey & Whitney Trust CO LLC grew its holdings in Fidelity National Information Services by 4.2% during the first quarter. Dorsey & Whitney Trust CO LLC now owns 4,010 shares of the information technology services provider’s stock worth $299,000 after acquiring an additional 160 shares during the period. Finally, Wealthspire Advisors LLC lifted its stake in shares of Fidelity National Information Services by 3.1% in the 2nd quarter. Wealthspire Advisors LLC now owns 5,426 shares of the information technology services provider’s stock valued at $442,000 after purchasing an additional 162 shares during the period. 96.23% of the stock is owned by institutional investors.

Fidelity National Information Services Stock Up 1.9%

Fidelity National Information Services stock opened at $65.64 on Wednesday. The stock has a 50-day simple moving average of $65.49 and a 200-day simple moving average of $72.70. Fidelity National Information Services, Inc. has a fifty-two week low of $59.51 and a fifty-two week high of $86.03. The company has a market capitalization of $33.99 billion, a P/E ratio of 364.68 and a beta of 1.01. 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 (NYSE:FIS) last issued its quarterly earnings data on Wednesday, November 5th. The information technology services provider reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.48 by $0.03. The company had revenue of $2.72 billion for the quarter, compared to the consensus estimate of $2.65 billion. Fidelity National Information Services had a net margin of 1.09% and a return on equity of 18.73%. Fidelity National Information Services’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same period last year, the firm posted $1.40 EPS. Fidelity National Information Services has set its FY 2025 guidance at 5.740-5.780 EPS. Equities research analysts expect that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current year.

Fidelity National Information Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 23rd. Stockholders of record on Tuesday, December 9th will be 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 of this dividend is Tuesday, December 9th. Fidelity National Information Services’s dividend payout ratio is 592.59%.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Citigroup upgraded Fidelity National Information Services to a “hold” rating in a research report on Thursday, October 23rd. Jefferies Financial Group lowered their price target on shares of Fidelity National Information Services from $75.00 to $70.00 and set a “hold” rating on the stock in a research report on Tuesday, October 14th. UBS Group lifted their price target on shares of Fidelity National Information Services from $82.00 to $83.00 and gave the company a “buy” rating in a research report on Thursday, November 6th. Stephens reduced their price target on shares of Fidelity National Information Services from $100.00 to $90.00 and set an “overweight” rating on the stock in a research note on Thursday, October 16th. Finally, JPMorgan Chase & Co. cut their price target on shares of Fidelity National Information Services from $85.00 to $80.00 and set an “overweight” rating on the stock in a research note on Thursday, November 6th. Twelve equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $85.41.

Insider Activity

In related news, Director Jeffrey A. Goldstein acquired 889 shares of Fidelity National Information Services stock in a transaction that occurred on Wednesday, October 15th. The stock was purchased at an average price of $67.66 per share, for a total transaction of $60,149.74. Following the completion of the purchase, the director directly owned 13,588 shares of the company’s stock, valued at approximately $919,364.08. This trade represents a 7.00% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.21% of the stock is owned by corporate insiders.

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.