National Pension Service Increases Stake in Fidelity National Information Services

The National Pension Service has increased its investment in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 6.0% during the third quarter, according to the latest disclosure made to the Securities and Exchange Commission. The fund now holds 915,480 shares after acquiring an additional 52,036 shares in the recent quarter. As of the end of the most recent reporting period, the National Pension Service's stake in Fidelity National Information Services was valued at approximately $76,671,000, representing about 0.16% of the company.

Changes by Other Investors

Other large investors have also adjusted their holdings in Fidelity National Information Services. For instance, Vanguard Group Inc. raised its stake by 19.1% in the first quarter, acquiring 68,658,572 shares worth $5,093,093,000 after purchasing an additional 11,023,109 shares. Similarly, Dimensional Fund Advisors LP grew its position by 5.0% in the second quarter, now owning 5,251,434 shares valued at $395,729,000 after adding 249,678 shares. Legal & General Group Plc and Boston Partners have also increased their stakes significantly, alongside Raymond James & Associates, which enhanced its holdings by 449.8% in the third quarter. Collectively, institutional investors and hedge funds hold around 96.23% of the company's stock.

Insider Transactions

In related news, Director Jeffrey A. Goldstein bought 626 shares of Fidelity National Information Services on October 15th at an average price of $88.25 per share, totaling $55,244.50. Following this transaction, Goldstein owns 10,397 shares, valued at about $917,535.25. This insider trade reflects a slight increase in his holdings, as disclosed in a filing with the Securities and Exchange Commission.

Current Stock Performance

As of now, FIS stock has opened at $86.57. The company has reached a 1-year low of $49.91 and a high of $91.98 in the same period. The business's 50-day simple moving average stands at $85.75, while the 200-day moving average is $79.17. Fidelity National Information Services has a current ratio of 1.35, a quick ratio of 1.35, and a debt-to-equity ratio of 0.62, with a market capitalization of $47.23 billion. Its PE ratio is 34.49, PEG ratio is 0.79, and it has a beta of 1.06.

Quarterly Earnings Report

Fidelity National Information Services recently reported its quarterly earnings on November 4th. The company achieved earnings per share (EPS) of $1.40 for the quarter, exceeding the consensus estimate of $1.29 by $0.11. Revenue for the quarter was $2.57 billion, slightly above the anticipated $2.56 billion. Fidelity National's net margin was recorded at 7.72%, with a return on equity of 13.63%. The revenue represented a year-over-year increase of 3.1%, compared to $0.94 EPS from the same period last year. Analysts forecast that Fidelity National Information Services will post a total EPS of 5.09 for the current year.

Dividend Announcement

The company has also announced a quarterly dividend of $0.36 per share, which will be paid on December 23rd to stockholders of record as of December 9th. This translates to an annualized dividend of $1.44 and a yield of 1.66%. The ex-dividend date is set for December 9th, and Fidelity’s current dividend payout ratio stands at 57.37%.

Analyst Opinions

Fidelity National Information Services has recently been the focus of various analyst reports. On Tuesday, Royal Bank of Canada increased its price target from $95.00 to $104.00, giving the firm an "outperform" rating. Jefferies Financial Group also raised its target from $80.00 to $90.00, maintaining a "hold" rating. Other firms such as Mizuho and JPMorgan Chase & Co. adjusted their price targets as well, with Mizuho setting it at $104.00 and JPMorgan increasing it to $99.00. Currently, the consensus rating for Fidelity National Information Services is "Moderate Buy" with an average price target of $88.75, according to data from various analysts.

Company Overview

Fidelity National Information Services, Inc. is a global provider of financial services technology solutions, catering to financial institutions, businesses, and developers. The company operates in different segments, including Banking Solutions, Capital Market Solutions, and Corporate and Other. It offers a range of products and services that encompass core processing and additional applications, mobile and online banking, compliance, fraud management, and payment processing, among others.

Pension, Investment, Shares