Nitorum Capital L.P. Lowers Position in Fidelity National Information Services, Inc. $FIS

Key Points

• Nitorum Capital L.P. reduced its holdings in Fidelity National Information Services by 4.3%, owning 387,763 shares which now represent approximately 4.1% of its portfolio.
• Institutional investors control 96.23% of Fidelity National Information Services' stock, indicating a strong institutional backing within the invested capital.
• Fidelity National Information Services recently reported earnings of $1.36 per share, matching the consensus estimate, with revenue up by 5.1% year-over-year at $2.62 billion.

Nitorum Capital L.P. cut its position in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 4.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 387,763 shares of the information technology services provider's stock after selling 17,299 shares during the period. Fidelity National Information Services accounts for approximately 4.1% of Nitorum Capital L.P.'s investment portfolio, making the stock its 9th biggest holding. Nitorum Capital L.P. owned about 0.07% of Fidelity National Information Services worth $28,958,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Sierra Ocean LLC grew its stake in shares of Fidelity National Information Services by 356.0% in the 1st quarter. Sierra Ocean LLC now owns 342 shares of the information technology services provider's stock valued at $26,000 after buying an additional 267 shares during the period. YANKCOM Partnership lifted its position in Fidelity National Information Services by 118.8% in the 1st quarter. YANKCOM Partnership now owns 350 shares of the information technology services provider's stock valued at $26,000 after acquiring an additional 190 shares in the last quarter. Meeder Asset Management Inc. lifted its position in Fidelity National Information Services by 92.1% in the 1st quarter. Meeder Asset Management Inc. now owns 342 shares of the information technology services provider's stock valued at $26,000 after acquiring an additional 164 shares in the last quarter. Hazlett Burt & Watson Inc. lifted its position in Fidelity National Information Services by 179.9% in the 1st quarter. Hazlett Burt & Watson Inc. now owns 389 shares of the information technology services provider's stock valued at $29,000 after acquiring an additional 250 shares in the last quarter. Finally, Kennebec Savings Bank raised its stake in shares of Fidelity National Information Services by 71.3% in the first quarter. Kennebec Savings Bank now owns 447 shares of the information technology services provider's stock worth $33,000 after purchasing an additional 186 shares during the last quarter. 96.23% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently commented on FIS. Keefe, Bruyette & Woods lowered their price objective on Fidelity National Information Services from $92.00 to $88.00 and set an "outperform" rating for the company in a research note on Wednesday, August 6th. UBS Group lowered their price objective on Fidelity National Information Services from $84.00 to $82.00 and set a "neutral" rating for the company in a research note on Wednesday, August 6th. 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 note on Wednesday, July 16th. Finally, Truist Financial increased their price objective on Fidelity National Information Services from $84.00 to $85.00 and gave the stock a "hold" rating in a research note on Thursday, July 17th. Thirteen investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $91.63.

Fidelity National Information Services Stock Performance

Shares of Fidelity National Information Services stock traded down $0.03 during mid-day trading on Friday, hitting $68.68. 3,308,823 shares of the stock were exchanged, compared to its average volume of 3,352,189. Fidelity National Information Services, Inc. has a 12 month low of $66.51 and a 12 month high of $91.98. The company has a 50-day simple moving average of $75.56 and a 200 day simple moving average of $75.73. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.59 and a current ratio of 0.59. The company has a market capitalization of $35.88 billion, a P/E ratio of 381.59 and a beta of 1.05.

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 for the quarter, compared to analysts' expectations of $2.57 billion. During the same quarter last year, the firm earned $1.36 EPS. The company's quarterly revenue was up 5.1% compared to the same quarter last year. 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. Sell-side analysts anticipate 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 disclosed a quarterly dividend, which will be paid on Wednesday, September 24th. Shareholders of record on Wednesday, September 10th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Wednesday, September 10th. Fidelity National Information Services's dividend payout ratio is 888.89%.

Fidelity National Information Services Company Profile

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.