Baupost Group LLC MA Buys New Stake in Fidelity National Information Services, Inc. $FIS

Key Points

• Baupost Group LLC has acquired a new stake in Fidelity National Information Services, Inc. (NYSE:FIS), purchasing approximately 3.49 million shares, valued at around $260.85 million, making it the fund's fifth-largest position.
• Fidelity National Information Services recently declared a quarterly dividend of $0.40, scheduled for payment on September 24th, which represents a dividend yield of 2.2%.
• Several analysts have updated their price targets on Fidelity National Information Services, with a consensus price target of $91.63 and ratings ranging from "Buy" to "Hold" among 21 analysts.

Baupost Group LLC MA bought a new stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 3,492,947 shares of the information technology services provider's stock, valued at approximately $260,853,000. Fidelity National Information Services makes up 7.4% of Baupost Group LLC MA's portfolio, making the stock its 5th biggest position. Baupost Group LLC MA owned about 0.66% of Fidelity National Information Services 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 business. Monetary Management Group Inc. lifted its holdings in shares of Fidelity National Information Services by 2.8% during the 1st quarter. Monetary Management Group Inc. now owns 4,960 shares of the information technology services provider's stock valued at $370,000 after acquiring an additional 135 shares in the last quarter. Phoenix Wealth Advisors lifted its holdings in Fidelity National Information Services by 0.4% in the 1st quarter. Phoenix Wealth Advisors now owns 30,861 shares of the information technology services provider's stock worth $2,305,000 after buying an additional 135 shares in the last quarter. Retirement Wealth Solutions LLC lifted its holdings in Fidelity National Information Services by 3.7% in the 1st quarter. Retirement Wealth Solutions LLC now owns 4,140 shares of the information technology services provider's stock worth $309,000 after buying an additional 146 shares in the last quarter. Stonebrook Private Inc. lifted its holdings in Fidelity National Information Services by 0.6% in the 1st quarter. Stonebrook Private Inc. now owns 24,424 shares of the information technology services provider's stock worth $1,824,000 after buying an additional 146 shares in the last quarter. Finally, Integrated Advisors Network LLC lifted its holdings in Fidelity National Information Services by 4.7% in the 1st quarter. Integrated Advisors Network LLC now owns 3,284 shares of the information technology services provider's stock worth $245,000 after buying an additional 147 shares in the last quarter. Institutional investors and hedge funds own 96.23% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Keefe, Bruyette & Woods cut their price objective on shares of Fidelity National Information Services from $92.00 to $88.00 and set an "outperform" rating on the stock in a report on Wednesday, August 6th. Stephens boosted their target price on shares of Fidelity National Information Services from $90.00 to $100.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 7th. UBS Group dropped their target price on shares of Fidelity National Information Services from $84.00 to $82.00 and set a "neutral" rating for the company in a research report on Wednesday, August 6th. Robert W. Baird boosted their target price on shares of 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. Finally, Truist Financial boosted their price objective on shares of Fidelity National Information Services from $84.00 to $85.00 and gave the company a "hold" rating in a research report on Thursday, July 17th. Thirteen 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. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $91.63.

Fidelity National Information Services Price Performance

NYSE FIS opened at $71.7810 on Friday. Fidelity National Information Services, Inc. has a 52 week low of $66.51 and a 52 week high of $91.98. 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 market cap of $37.50 billion, a price-to-earnings ratio of 398.81 and a beta of 1.04. The company has a 50-day moving average price of $77.82 and a two-hundred day moving average price of $76.01.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last posted its earnings results on Tuesday, August 5th. The information technology services provider reported $1.36 EPS for the quarter, hitting the consensus estimate 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 analysts' expectations of $2.57 billion. During the same quarter in the prior year, the firm earned $1.36 EPS. Fidelity National Information Services's quarterly 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. Analysts forecast that Fidelity National Information Services, Inc. will post 5.74 EPS for the current year.

Fidelity National Information Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 24th. Stockholders of record on Wednesday, September 10th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Wednesday, September 10th. Fidelity National Information Services's dividend 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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