Nordea Investment Management AB Grows Holdings in Fidelity National Information Services, Inc. $FIS

Nordea Investment Management AB increased its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 2.7% in the third quarter, HoldingsChannel.com reports. The firm owned 1,248,253 shares of the information technology services provider’s stock after buying an additional 32,376 shares during the period. Nordea Investment Management AB’s holdings in Fidelity National Information Services were worth $82,048,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Hilltop National Bank acquired a new stake in shares of Fidelity National Information Services in the second quarter valued at $1,616,000. Norges Bank purchased a new position in Fidelity National Information Services during the 2nd quarter valued at about $624,858,000. Brighton Jones LLC acquired a new position in Fidelity National Information Services in the 4th quarter valued at about $347,000. Truist Financial Corp increased its stake in Fidelity National Information Services by 6.6% during the second quarter. Truist Financial Corp now owns 74,869 shares of the information technology services provider’s stock worth $6,095,000 after purchasing an additional 4,619 shares during the period. Finally, Vise Technologies Inc. acquired a new stake in shares of Fidelity National Information Services during the second quarter worth about $3,581,000. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Fidelity National Information Services Trading Down 0.5%

NYSE:FIS opened at $63.94 on Thursday. Fidelity National Information Services, Inc. has a 1 year low of $59.51 and a 1 year high of $83.97. The stock has a market cap of $33.11 billion, a P/E ratio of 236.80 and a beta of 0.93. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.53 and a current ratio of 0.53. The stock has a 50-day simple moving average of $65.83 and a 200-day simple moving average of $69.31.

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, topping the consensus estimate of $1.48 by $0.03. The firm had revenue of $2.72 billion during the quarter, compared to analysts’ expectations of $2.65 billion. Fidelity National Information Services had a return on equity of 19.76% and a net margin of 1.45%.The firm’s revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.40 earnings per share. 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 earnings per share for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 23rd. Investors of record on Tuesday, December 9th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend was Tuesday, December 9th. Fidelity National Information Services’s dividend payout ratio (DPR) is 592.59%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on FIS. Weiss Ratings reiterated a “sell (d)” rating on shares of Fidelity National Information Services in a report on Wednesday, October 8th. Stephens decreased their target price on Fidelity National Information Services from $100.00 to $90.00 and set an “overweight” rating for the company in a report on Thursday, October 16th. UBS Group boosted their target price on Fidelity National Information Services from $82.00 to $83.00 and gave the stock a “buy” rating in a research note on Thursday, November 6th. Truist Financial reduced their price target on 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. Finally, JPMorgan Chase & Co. lowered their price objective on Fidelity National Information Services from $85.00 to $80.00 and set an “overweight” rating for the company in a research report on Thursday, November 6th. Eleven equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Fidelity National Information Services has a consensus rating of “Moderate Buy” and an average price target of $84.44.

About Fidelity National Information Services

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.