DAVENPORT & Co LLC Buys 8,552 Shares of Fidelity National Information Services, Inc. $FIS

DAVENPORT & Co LLC increased its stake in Fidelity National Information Services, Inc. (NYSE:FIS) by 108.6% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,426 shares of the information technology services provider’s stock after acquiring an additional 8,552 shares during the quarter. DAVENPORT & Co LLC’s holdings in Fidelity National Information Services were worth $1,337,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. Dodge & Cox increased its stake in shares of Fidelity National Information Services by 1.4% in the 1st quarter. Dodge & Cox now owns 34,808,298 shares of the information technology services provider’s stock valued at $2,599,484,000 after acquiring an additional 480,771 shares in the last quarter. Goldman Sachs Group Inc. increased its stake 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 valued at $800,032,000 after acquiring an additional 419,199 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake 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 valued at $755,928,000 after acquiring an additional 31,626 shares in the last quarter. Invesco Ltd. increased its stake 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 valued at $694,824,000 after acquiring an additional 1,730,878 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC increased its stake 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 valued at $497,854,000 after acquiring an additional 986,646 shares in the last quarter. Institutional investors own 96.23% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on FIS. Keefe, Bruyette & Woods reduced their price target on shares of Fidelity National Information Services from $88.00 to $85.00 and set an “outperform” rating for the company in a research report on Wednesday, October 1st. Weiss Ratings reissued a “sell (d)” rating on shares of Fidelity National Information Services in a research report on Wednesday. UBS Group raised shares of Fidelity National Information Services from a “neutral” rating to a “buy” rating and set a $82.00 price target for the company in a research report on Tuesday, September 30th. Robert W. Baird lifted their price target on shares of 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. Finally, Truist Financial lifted 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. Thirteen research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $91.00.

Fidelity National Information Services Price Performance

FIS opened at $66.86 on Friday. 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 company has a market capitalization of $34.93 billion, a price-to-earnings ratio of 371.47 and a beta of 1.05. The firm’s fifty day moving average price is $68.48 and its two-hundred day moving average price is $74.85. Fidelity National Information Services, Inc. has a 1 year low of $63.00 and a 1 year high of $91.98.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings data 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. The firm had revenue of $2.62 billion for the quarter, compared to the consensus estimate of $2.57 billion. Fidelity National Information Services had a net margin of 1.09% and a return on equity of 18.73%. The business’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.36 EPS. 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, 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 firm also recently announced a quarterly dividend, which was paid on Wednesday, September 24th. Stockholders 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 presently 888.89%.

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.