National Pension Service Acquires Additional Shares in Fidelity National Information Services, Inc.

The National Pension Service has increased its investment in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 6.0% during the third quarter of the year. This information was revealed in the fund's latest filing with the Securities and Exchange Commission (SEC). After purchasing an additional 52,036 shares throughout the quarter, the National Pension Service now holds 915,480 shares in the financial technology provider. This investment represents about 0.16% of Fidelity National Information Services, which was valued at approximately $76,671,000 at the end of the reporting period.

Investors Making Moves

Other significant investors have also adjusted their positions in Fidelity National Information Services. For instance, Vanguard Group Inc. boosted its stake by 19.1% in the first quarter, purchasing an additional 11,023,109 shares to reach a total of 68,658,572 shares, worth around $5,093,093,000. Similarly, Dimensional Fund Advisors LP increased its shares by 5.0% in the second quarter, now owning 5,251,434 shares worth $395,729,000 after an additional buy of 249,678 shares.

In addition, Legal & General Group Plc raised its holdings by 1.6% in the second quarter, acquiring 75,429 shares for a total of 4,938,091 shares valued at $372,135,000. Boston Partners made a substantial increase of 642.7% in its holdings during the first quarter, securing 4,470,605 shares now valued at $331,047,000.

Raymond James & Associates also significantly increased its investment by 449.8% in the third quarter, now owning 4,103,793 shares worth $343,693,000. Notably, institutional investors and hedge funds collectively control 96.23% of Fidelity National Information Services stock.

Insider Transactions

In insider news, Director Jeffrey A. Goldstein acquired 626 shares of the company's stock on October 15th, at an average price of $88.25 per share, totaling $55,244.50. Post-transaction, he owns 10,397 shares, valued at approximately $917,535.25, indicating a negligible change in his position. This information was disclosed in a filing with the SEC. Insiders currently hold about 0.20% of the company's shares.

Fidelity National Information Services Stock Overview

Fidelity National Information Services stock opened at $86.57 on Wednesday. The stock has a 1-year low of $49.91 and a high of $91.98. The company's 50-day simple moving average is $85.75, while the 200-day moving average is at $79.17. The firm has a current ratio of 1.35 and a quick ratio of 1.35, with a debt-to-equity ratio of 0.62. Its market capitalization stands at $47.23 billion, and it has a price-to-earnings (PE) ratio of 34.49 and a price/earnings to growth (PEG) ratio of 0.79.

Fidelity National Information Services reported its latest quarterly earnings on November 4th, revealing an earnings per share (EPS) of $1.40, surpassing the consensus estimate of $1.29 by $0.11. The company generated revenues of $2.57 billion, slightly exceeding the expected $2.56 billion. It achieved a net margin of 7.72% and a return on equity of 13.63%, with quarterly revenue increasing by 3.1% year-over-year. Analysts predict that Fidelity National Information Services will report an EPS of 5.09 for the current year.

Dividend Announcement

The company has recently declared a quarterly dividend, set to be paid on December 23rd. Stockholders of record on December 9th will receive a dividend of $0.36 per share. Annually, this dividend totals $1.44, representing a yield of 1.66%. The ex-dividend date is also on December 9th, and Fidelity National Information Services currently has a dividend payout ratio of 57.37%.

Analyst Opinions

The stock has garnered attention from several analysts. Royal Bank of Canada raised its price target for Fidelity National Information Services from $95.00 to $104.00, assigning an "outperform" rating. Jefferies Financial Group lifted its target from $80.00 to $90.00, maintaining a "hold" rating. Mizuho also increased its target from $91.00 to $104.00, while JPMorgan Chase & Co. raised theirs from $89.00 to $99.00, giving the company an "overweight" rating.

Lastly, Bank of America increased its price objective from $90.00 to $96.00, maintaining a "buy" rating for the stock. Among analysts, ten have rated the stock as a hold, eleven as a buy, and one gave it a strong buy. The consensus rating is currently a "Moderate Buy" with a price target of $88.75.

Company Overview

Fidelity National Information Services, Inc. provides technology solutions for financial services to financial institutions, businesses, and developers globally. It operates through segments such as Banking Solutions, Capital Market Solutions, and Corporate and Other. The services offered include core processing, mobile and online banking, fraud management, compliance, payment processing, and wealth management solutions.

Investment, Stock, Finance