Adage Capital Partners GP L.L.C. Increases Holdings in Fidelity National Information Services, Inc. $FIS

Key Points

• Adage Capital Partners GP increased its holdings in Fidelity National Information Services (FIS) by 22.5% in Q1, owning approximately 448,378 shares valued at $33.5 million.
• Fidelity National Information Services reported $2.62 billion in revenue and $1.36 EPS in its latest quarterly earnings, beating consensus estimates.
• The company declared a quarterly dividend of $0.40 per share, representing an annualized yield of 2.3%, with a payout ratio currently at 888.89%.

Adage Capital Partners GP L.L.C. grew its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 22.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 448,378 shares of the information technology services provider's stock after purchasing an additional 82,400 shares during the period. Adage Capital Partners GP L.L.C. owned 0.09% of Fidelity National Information Services worth $33,485,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. VeriStar Capital Management LP raised its holdings in Fidelity National Information Services by 48.5% in the first quarter. VeriStar Capital Management LP now owns 73,169 shares of the information technology services provider's stock valued at $5,464,000 after buying an additional 23,887 shares during the period. Newbrook Capital Advisors LP boosted its holdings in shares of Fidelity National Information Services by 57.6% during the first quarter. Newbrook Capital Advisors LP now owns 524,699 shares of the information technology services provider's stock valued at $39,185,000 after acquiring an additional 191,832 shares during the period. Focus Partners Advisor Solutions LLC acquired a new position in shares of Fidelity National Information Services during the first quarter valued at $257,000. FJ Capital Management LLC bought a new stake in shares of Fidelity National Information Services during the first quarter valued at about $257,000. Finally, Flputnam Investment Management Co. bought a new stake in Fidelity National Information Services in the first quarter worth about $4,563,000. 96.23% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

FIS has been the topic of several research reports. Keefe, Bruyette & Woods dropped 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 report on Wednesday, August 6th. UBS Group lowered their target price on Fidelity National Information Services from $84.00 to $82.00 and set a "neutral" rating on the stock in a research note on Wednesday, August 6th. Robert W. Baird lifted their target price on 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. Finally, Truist Financial lifted their target price on Fidelity National Information Services from $84.00 to $85.00 and gave the company a "hold" rating in a research note on Thursday, July 17th. Thirteen analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $91.63.

Fidelity National Information Services Price Performance

Shares of FIS stock traded up $0.16 during trading hours on Monday, hitting $68.90. 3,919,258 shares of the company's stock were exchanged, compared to its average volume of 3,609,841. The stock's 50-day moving average is $75.56 and its 200-day moving average is $75.73. The stock has a market cap of $35.99 billion, a price-to-earnings ratio of 382.80 and a beta of 1.05. 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 debt-to-equity ratio of 0.63, a current ratio of 0.59 and a quick ratio of 0.59.

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

Fidelity National Information Services Dividend Announcement

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 $0.40 dividend. The ex-dividend date is Wednesday, September 10th. This represents a $1.60 annualized dividend and a yield of 2.3%. Fidelity National Information Services's dividend payout ratio (DPR) is currently 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.