Fidelity National Information Services, Inc. $FIS is Stoneridge Investment Partners LLC's 8th Largest Position

Key Points

• Stoneridge Investment Partners LLC has reduced its position in Fidelity National Information Services, Inc. by 31.0%, now holding approximately 44,632 shares, which constitutes 2.8% of its portfolio.
• Fidelity National Information Services reported Q2 earnings of $1.36 per share, meeting analysts' expectations, with a revenue of $2.62 billion, which surpassed estimates of $2.57 billion.
• The company has announced a quarterly dividend of $0.40, which will be paid on September 24th, resulting in an annualized yield of 2.3% and a high dividend payout ratio of 888.89%.

Stoneridge Investment Partners LLC reduced its position in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 31.0% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 44,632 shares of the information technology services provider's stock after selling 20,043 shares during the period. Fidelity National Information Services comprises approximately 2.8% of Stoneridge Investment Partners LLC's holdings, making the stock its 8th largest position. Stoneridge Investment Partners LLC's holdings in Fidelity National Information Services were worth $3,333,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in FIS. Retirement Wealth Solutions LLC raised its position in shares of Fidelity National Information Services by 3.7% during the 1st quarter. Retirement Wealth Solutions LLC now owns 4,140 shares of the information technology services provider's stock valued at $309,000 after purchasing an additional 146 shares during the period. Stonebrook Private Inc. grew its stake in Fidelity National Information Services by 0.6% during the first quarter. Stonebrook Private Inc. now owns 24,424 shares of the information technology services provider's stock valued at $1,824,000 after acquiring an additional 146 shares in the last quarter. Integrated Advisors Network LLC grew its stake in Fidelity National Information Services by 4.7% during the first quarter. Integrated Advisors Network LLC now owns 3,284 shares of the information technology services provider's stock valued at $245,000 after acquiring an additional 147 shares in the last quarter. Private Trust Co. NA grew its stake in Fidelity National Information Services by 9.9% during the first quarter. Private Trust Co. NA now owns 1,660 shares of the information technology services provider's stock valued at $124,000 after acquiring an additional 149 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its stake in Fidelity National Information Services by 8.2% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 2,013 shares of the information technology services provider's stock valued at $150,000 after acquiring an additional 153 shares in the last quarter. 96.23% of the stock is currently owned by hedge funds and other institutional investors.

Fidelity National Information Services Trading Down 0.6%

Shares of Fidelity National Information Services stock opened at $69.2960 on Wednesday. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.63. Fidelity National Information Services, Inc. has a 12-month low of $66.51 and a 12-month high of $91.98. The firm has a market capitalization of $36.20 billion, a price-to-earnings ratio of 385.00 and a beta of 1.04. The firm's 50 day simple moving average is $78.42 and its two-hundred day simple moving average is $76.26.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The information technology services provider reported $1.36 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $1.36. The business had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.57 billion. Fidelity National Information Services had a net margin of 1.09% and a return on equity of 18.73%. Fidelity National Information Services's revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.36 EPS. 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 predict that Fidelity National Information Services, Inc. will post 5.74 EPS for the current year.

Fidelity National Information Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 24th. Stockholders of record on Wednesday, September 10th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend 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%.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Robert W. Baird raised their target price on shares of Fidelity National Information Services from $82.00 to $86.00 and gave the company a "neutral" rating in a research note on Wednesday, July 16th. Stephens increased their price objective on shares of Fidelity National Information Services from $90.00 to $100.00 and gave the company an "overweight" rating in a research report on Wednesday, May 7th. Truist Financial increased 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. Keefe, Bruyette & Woods lowered their price objective on shares of Fidelity National Information Services from $92.00 to $88.00 and set an "outperform" rating for the company in a research report on Wednesday, August 6th. Finally, Oppenheimer raised shares of Fidelity National Information Services from a "market perform" rating to an "outperform" rating and set a $94.00 target price on the stock in a research note on Wednesday, April 23rd. Thirteen investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $91.63.

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.

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