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

Rakuten Investment Management Inc. bought a new stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 187,038 shares of the information technology services provider’s stock, valued at approximately $12,333,000.

A number of other hedge funds and other institutional investors have also modified their holdings of FIS. Cornerstone Wealth Group LLC boosted its holdings in Fidelity National Information Services by 1.8% in the third quarter. Cornerstone Wealth Group LLC now owns 49,828 shares of the information technology services provider’s stock valued at $3,286,000 after purchasing an additional 895 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Fidelity National Information Services in the 3rd quarter valued at approximately $43,000. Scissortail Wealth Management LLC boosted its stake in shares of Fidelity National Information Services by 2.3% during the 3rd quarter. Scissortail Wealth Management LLC now owns 33,481 shares of the information technology services provider’s stock valued at $2,208,000 after buying an additional 761 shares during the last quarter. Root Financial Partners LLC purchased a new position in shares of Fidelity National Information Services during the 3rd quarter valued at approximately $29,000. Finally, Arkadios Wealth Advisors grew its position in shares of Fidelity National Information Services by 13.8% during the third quarter. Arkadios Wealth Advisors now owns 29,489 shares of the information technology services provider’s stock worth $1,944,000 after buying an additional 3,583 shares in the last quarter. 96.23% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Jeffrey A. Goldstein purchased 941 shares of the stock in a transaction dated Thursday, January 15th. The stock was acquired at an average price of $64.11 per share, for a total transaction of $60,327.51. Following the completion of the transaction, the director owned 14,529 shares of the company’s stock, valued at approximately $931,454.19. The trade was a 6.93% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.21% of the company’s stock.

Fidelity National Information Services Stock Performance

Shares of FIS stock opened at $60.59 on Thursday. The company has a market cap of $31.37 billion, a P/E ratio of 224.39, a PEG ratio of 0.89 and a beta of 0.93. The business has a 50 day moving average of $65.50 and a two-hundred 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.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings results on Wednesday, November 5th. The information technology services provider reported $1.51 earnings per share for the quarter, topping analysts’ consensus estimates of $1.48 by $0.03. Fidelity National Information Services had a return on equity of 19.76% and a net margin of 1.45%.The business had revenue of $2.72 billion for the quarter, compared to analysts’ expectations of $2.65 billion. During the same period in the prior year, the firm earned $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 anticipate 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. Shareholders of record on Tuesday, December 9th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date was Tuesday, December 9th. Fidelity National Information Services’s dividend payout ratio (DPR) is presently 592.59%.

Analyst Ratings Changes

Several research firms recently issued reports on FIS. BNP Paribas Exane cut their price target on shares of Fidelity National Information Services from $60.00 to $55.00 and set an “underperform” rating on the stock in a report on Tuesday. JPMorgan Chase & Co. reduced 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 report on Thursday, November 6th. KeyCorp reissued a “hold” rating on shares of Fidelity National Information Services in a report on Wednesday, October 22nd. Citigroup upgraded Fidelity National Information Services to a “hold” rating in a research note on Thursday, October 23rd. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Fidelity National Information Services in a research report on Wednesday, October 8th. Eleven equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently 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.