Rakuten Investment Management Inc. Invests $12.33 Million in Fidelity National Information Services, Inc. $FIS

Rakuten Investment Management Inc. purchased a new position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 187,038 shares of the information technology services provider’s stock, valued at approximately $12,333,000.

Other large investors also recently bought and sold shares of the company. Brighton Jones LLC acquired a new stake in Fidelity National Information Services in the fourth quarter valued at about $347,000. Geneos Wealth Management Inc. raised its stake in shares of Fidelity National Information Services by 70.1% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,046 shares of the information technology services provider’s stock worth $78,000 after buying an additional 431 shares in the last quarter. Sivia Capital Partners LLC purchased a new stake in shares of Fidelity National Information Services in the second quarter valued at approximately $302,000. UMB Bank n.a. grew its holdings in Fidelity National Information Services by 23.4% during the second quarter. UMB Bank n.a. now owns 1,681 shares of the information technology services provider’s stock worth $137,000 after acquiring an additional 319 shares during the period. Finally, Farther Finance Advisors LLC raised its position in Fidelity National Information Services by 34.9% in the second quarter. Farther Finance Advisors LLC now owns 4,336 shares of the information technology services provider’s stock worth $353,000 after acquiring an additional 1,122 shares in the last quarter. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Fidelity National Information Services Price Performance

Fidelity National Information Services stock opened at $60.59 on Thursday. The firm has a fifty day moving average of $65.50 and a 200-day moving average of $68.63. Fidelity National Information Services, Inc. has a 52-week low of $59.51 and a 52-week high of $83.97. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.64. The firm has a market capitalization of $31.37 billion, a P/E ratio of 224.39, a PEG ratio of 0.89 and a beta of 0.93.

Fidelity National Information Services (NYSE:FIS) last posted its earnings results on Wednesday, November 5th. The information technology services provider reported $1.51 earnings per share for the quarter, beating the consensus estimate of $1.48 by $0.03. Fidelity National Information Services had a net margin of 1.45% and a return on equity of 19.76%. The business had revenue of $2.72 billion for the quarter, compared to analyst estimates of $2.65 billion. During the same quarter in the previous year, the business posted $1.40 EPS. The business’s quarterly revenue was up 5.7% on a year-over-year basis. Fidelity National Information Services has set its FY 2025 guidance at 5.740-5.780 EPS. As a group, analysts predict 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 announced a quarterly dividend, which was paid on Tuesday, December 23rd. Stockholders of record on Tuesday, December 9th were given a $0.40 dividend. The ex-dividend date of this dividend was Tuesday, December 9th. This represents a $1.60 annualized dividend and a dividend yield of 2.6%. Fidelity National Information Services’s dividend payout ratio is presently 592.59%.

Insider Activity

In related news, Director Jeffrey A. Goldstein bought 941 shares of the company’s stock in a transaction that occurred on Thursday, January 15th. The shares were acquired at an average cost of $64.11 per share, for a total transaction of $60,327.51. Following the acquisition, the director owned 14,529 shares in the company, valued at $931,454.19. This represents a 6.93% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.21% of the company’s stock.

Analyst Upgrades and Downgrades

FIS has been the topic of several research analyst reports. Truist Financial decreased their target price on shares of Fidelity National Information Services from $72.00 to $70.00 and set a “hold” rating on the stock in a research report on Wednesday, November 19th. Keefe, Bruyette & Woods decreased their price target 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. KeyCorp reaffirmed a “hold” rating on shares of Fidelity National Information Services in a report on Wednesday, October 22nd. Royal Bank Of Canada dropped their target price on shares of Fidelity National Information Services from $93.00 to $86.00 and set an “outperform” rating for the company in a report on Thursday, November 6th. Finally, Jefferies Financial Group decreased their price objective on Fidelity National Information Services from $75.00 to $70.00 and set a “hold” rating on the stock in a research note on Tuesday, October 14th. Eleven investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $79.94.

Fidelity National Information Services Company Profile

Fidelity National Information Services (NYSE: FIS) is a global provider of financial technology solutions and services for banks, capital markets firms, merchants and corporations. The company develops and delivers software, processing, and outsourcing services that support core banking, payments and merchant acquiring, wealth and retirement platforms, risk and compliance, and trading and capital markets operations. Its offerings include cloud-based and on-premises core banking systems, card processing and gateway services, e-commerce and point-of-sale payment solutions, and a range of back-office and advisory services designed to automate and modernize financial operations.

FIS serves a broad international client base across North America, Europe, Latin America, and the Asia-Pacific region through a combination of direct clients and partner channels.