Balefire LLC Lowers Holdings in Fidelity National Information Services, Inc. $FIS

Key Points

• Balefire LLC has significantly reduced its holdings in Fidelity National Information Services, Inc. by 38.6%, selling 20,386 shares in the second quarter and now holding 32,457 shares valued at approximately $2.64 million.
• Institutional investors dominate ownership of Fidelity National Information Services, holding 96.23% of the company's stock, with several firms increasing their positions in the last quarter.
• The company's latest quarterly earnings report revealed a net margin of 1.09% and revenue of $2.62 billion, while they also announced a quarterly dividend of $0.40 per share, yielding 2.4%.

Balefire LLC lowered its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 38.6% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 32,457 shares of the information technology services provider's stock after selling 20,386 shares during the quarter. Balefire LLC's holdings in Fidelity National Information Services were worth $2,642,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Dodge & Cox lifted its position in Fidelity National Information Services by 1.4% in the first quarter. Dodge & Cox now owns 34,808,298 shares of the information technology services provider's stock valued at $2,599,484,000 after purchasing an additional 480,771 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of Fidelity National Information Services by 4.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 10,712,794 shares of the information technology services provider's stock worth $800,032,000 after buying an additional 419,199 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Fidelity National Information Services by 0.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 10,126,213 shares of the information technology services provider's stock valued at $755,928,000 after buying an additional 31,626 shares during the period. Invesco Ltd. boosted its stake in shares of Fidelity National Information Services by 22.9% in the first quarter. Invesco Ltd. now owns 9,304,011 shares of the information technology services provider's stock valued at $694,824,000 after buying an additional 1,730,878 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC grew its holdings in Fidelity National Information Services by 17.4% during the first quarter. Hotchkis & Wiley Capital Management LLC now owns 6,666,499 shares of the information technology services provider's stock worth $497,854,000 after acquiring an additional 986,646 shares during the period. Hedge funds and other institutional investors own 96.23% of the company's stock.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Robert W. Baird increased their price objective on Fidelity National Information Services from $82.00 to $86.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 16th. Keefe, Bruyette & Woods lowered their price target on shares of Fidelity National Information Services from $92.00 to $88.00 and set an "outperform" rating on the stock in a research note on Wednesday, August 6th. UBS Group cut their price target on shares of Fidelity National Information Services from $84.00 to $82.00 and set a "neutral" rating for the company in a report on Wednesday, August 6th. Finally, Truist Financial boosted their price objective on shares of Fidelity National Information Services from $84.00 to $85.00 and gave the stock a "hold" rating in a report on Thursday, July 17th. Twelve investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $91.39.

Fidelity National Information Services Stock Down 0.7%

FIS stock opened at $66.44 on Wednesday. The firm has a market cap of $34.71 billion, a PE ratio of 369.13 and a beta of 1.05. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.59 and a quick ratio of 0.59. The firm has a 50 day simple moving average of $73.61 and a 200 day simple moving average of $75.58. Fidelity National Information Services, Inc. has a 12 month low of $65.66 and a 12 month high of $91.98.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The information technology services provider reported $1.36 EPS for the quarter, hitting analysts' consensus estimates of $1.36. Fidelity National Information Services had a net margin of 1.09% and a return on equity of 18.73%. The firm had revenue of $2.62 billion during the quarter, compared to analyst estimates of $2.57 billion. During the same quarter last year, the business posted $1.36 EPS. The company's revenue was up 5.1% on a year-over-year basis. Fidelity National Information Services has set its Q3 2025 guidance at 1.460-1.500 EPS. FY 2025 guidance at 5.720-5.800 EPS. Equities research analysts forecast that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current fiscal year.

Fidelity National Information Services Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 24th. Shareholders of record on Wednesday, September 10th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a $1.60 dividend on an annualized basis and a yield of 2.4%. Fidelity National Information Services's payout ratio is currently 888.89%.

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.

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