Resona Asset Management Co. Ltd. Has $16.41 Million Holdings in Fidelity National Information Services, Inc. $FIS

Resona Asset Management Co. Ltd. raised its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 15.1% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 201,777 shares of the information technology services provider’s stock after purchasing an additional 26,480 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in Fidelity National Information Services were worth $16,409,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. First Horizon Advisors Inc. increased its holdings in shares of Fidelity National Information Services by 16.0% during the 2nd quarter. First Horizon Advisors Inc. now owns 2,533 shares of the information technology services provider’s stock worth $206,000 after acquiring an additional 350 shares during the last quarter. Ellevest Inc. bought a new position in Fidelity National Information Services during the second quarter worth $226,000. Crestwood Advisors Group LLC increased its holdings in shares of Fidelity National Information Services by 3.9% in the second quarter. Crestwood Advisors Group LLC now owns 26,002 shares of the information technology services provider’s stock valued at $2,117,000 after purchasing an additional 964 shares during the last quarter. NewSquare Capital LLC raised its position in shares of Fidelity National Information Services by 115.1% in the second quarter. NewSquare Capital LLC now owns 357 shares of the information technology services provider’s stock valued at $29,000 after purchasing an additional 191 shares during the period. Finally, Magnolia Capital Advisors LLC lifted its stake in shares of Fidelity National Information Services by 1.1% during the 2nd quarter. Magnolia Capital Advisors LLC now owns 19,460 shares of the information technology services provider’s stock worth $1,584,000 after buying an additional 211 shares during the last quarter. 96.23% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on FIS shares. KeyCorp reissued a “hold” rating on shares of Fidelity National Information Services in a report on Wednesday, October 22nd. JPMorgan Chase & Co. decreased their target price on Fidelity National Information Services from $85.00 to $80.00 and set an “overweight” rating on the stock in a research report on Thursday. Weiss Ratings reissued a “sell (d)” rating on shares of Fidelity National Information Services in a report on Wednesday, October 8th. Truist Financial decreased their price objective on Fidelity National Information Services from $75.00 to $72.00 and set a “hold” rating on the stock in a report on Friday, October 24th. Finally, Keefe, Bruyette & Woods dropped their target price on Fidelity National Information Services from $88.00 to $85.00 and set an “outperform” rating for the company in a report on Wednesday, October 1st. Twelve research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $85.53.

Fidelity National Information Services Trading Up 0.1%

Shares of FIS stock opened at $64.72 on Friday. The stock has a market cap of $33.81 billion, a P/E ratio of 359.56 and a beta of 1.01. Fidelity National Information Services, Inc. has a 1 year low of $59.51 and a 1 year high of $89.57. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.63. The stock has a 50 day simple moving average of $66.31 and a 200 day simple moving average of $73.92.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings data on Wednesday, November 5th. The information technology services provider reported $1.51 EPS for the quarter, topping analysts’ consensus estimates of $1.48 by $0.03. The firm had revenue of $2.72 billion for the quarter, compared to analyst estimates of $2.65 billion. Fidelity National Information Services had a return on equity of 18.73% and a net margin of 1.09%.The company’s revenue was up 5.7% on a year-over-year basis. During the same quarter last year, the company earned $1.40 EPS. Fidelity National Information Services has set its FY 2025 guidance at 5.740-5.780 EPS. On average, research analysts predict 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 company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 23rd. Investors of record on Tuesday, December 9th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Tuesday, December 9th. This represents a $1.60 annualized dividend and a yield of 2.5%. Fidelity National Information Services’s dividend payout ratio is currently 888.89%.

Insider Transactions at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein bought 889 shares of the firm’s stock in a transaction on Wednesday, October 15th. The shares were purchased at an average cost of $67.66 per share, with a total value of $60,149.74. Following the acquisition, the director directly owned 13,588 shares in the company, valued at $919,364.08. This represents a 7.00% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.21% of the stock is owned by insiders.

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.