Mirae Asset Global Investments Co. Ltd. Grows Stock Holdings in Fidelity National Information Services, Inc. $FIS

Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 99.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 333,631 shares of the information technology services provider’s stock after purchasing an additional 166,565 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Fidelity National Information Services were worth $27,161,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Dodge & Cox lifted its holdings in shares of 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 valued at $2,599,484,000 after purchasing an additional 480,771 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Fidelity National Information Services by 4.1% during the first 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 purchasing an additional 419,199 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Fidelity National Information Services by 0.3% during the first 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 position in shares of Fidelity National Information Services by 22.9% during the first 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 position in shares of Fidelity National Information Services by 17.4% during the first 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. 96.23% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on FIS. Robert W. Baird raised 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. Susquehanna reduced their price target on shares of Fidelity National Information Services from $81.00 to $77.00 and set a “neutral” rating for the company in a research report on Friday, September 12th. 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. Truist Financial raised 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, Weiss Ratings reissued a “sell (d)” rating on shares of Fidelity National Information Services in a research report on Saturday, September 27th. Thirteen investment analysts have rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $91.00.

Fidelity National Information Services Trading Up 0.4%

NYSE:FIS opened at $66.71 on Friday. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.63. 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 market cap of $34.85 billion, a PE ratio of 370.60 and a beta of 1.05. The company has a 50 day simple moving average of $69.73 and a two-hundred day simple moving average of $75.07.

Fidelity National Information Services (NYSE:FIS) last posted its earnings results on Tuesday, August 5th. The information technology services provider reported $1.36 EPS for the quarter, hitting analysts’ consensus estimates of $1.36. Fidelity National Information Services had a net margin of 1.09% and a return on equity of 18.73%. The business had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $2.57 billion. During the same quarter in the previous year, the firm posted $1.36 EPS. The firm’s 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. Research analysts forecast 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 declared 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 annualized dividend and a dividend yield of 2.4%. The ex-dividend date was Wednesday, September 10th. Fidelity National Information Services’s dividend payout ratio (DPR) 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.