Reinhart Partners LLC. Has $8.75 Million Stock Holdings in Fidelity National Information Services, Inc. $FIS

Key Points

• Reinhart Partners LLC reduced its stake in Fidelity National Information Services by 7.8%, now holding 107,477 shares worth approximately $8.75 million after selling 9,082 shares.
• Fidelity National Information Services has a strong analyst consensus rating of "Moderate Buy" with an average price target of $91.39, after several analysts adjusted their target prices recently.
• The company will pay a quarterly dividend of $0.40 on September 24th, with a current annualized yield of 2.4% and a payout ratio of 888.89%.

Reinhart Partners LLC. reduced its stake in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 7.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 107,477 shares of the information technology services provider's stock after selling 9,082 shares during the period. Reinhart Partners LLC.'s holdings in Fidelity National Information Services were worth $8,750,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Radnor Capital Management LLC grew its stake in shares of Fidelity National Information Services by 0.5% in the 2nd quarter. Radnor Capital Management LLC now owns 52,951 shares of the information technology services provider's stock valued at $4,311,000 after purchasing an additional 240 shares during the period. Bruce G. Allen Investments LLC grew its stake in shares of Fidelity National Information Services by 60.1% in the 2nd quarter. Bruce G. Allen Investments LLC now owns 1,127 shares of the information technology services provider's stock valued at $92,000 after purchasing an additional 423 shares during the period. Pines Wealth Management LLC bought a new stake in shares of Fidelity National Information Services in the 2nd quarter valued at approximately $232,000. Pallas Capital Advisors LLC acquired a new position in shares of Fidelity National Information Services in the 2nd quarter worth approximately $702,000. Finally, Aaron Wealth Advisors LLC acquired a new position in shares of Fidelity National Information Services in the 2nd quarter worth approximately $206,000. 96.23% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on FIS. Susquehanna reduced their target price on Fidelity National Information Services from $81.00 to $77.00 and set a "neutral" rating on the stock in a report on Friday, September 12th. Robert W. Baird boosted their target price on Fidelity National Information Services from $82.00 to $86.00 and gave the stock a "neutral" rating in a report on Wednesday, July 16th. Keefe, Bruyette & Woods reduced their target price on 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. UBS Group reduced their price objective on Fidelity National Information Services from $84.00 to $82.00 and set a "neutral" rating on the stock in a report on Wednesday, August 6th. Finally, Truist Financial upped their price objective on 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 equities research 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 company presently has an average rating of "Moderate Buy" and an average target price of $91.17.

Fidelity National Information Services Trading Down 1.7%

Shares of FIS traded down $1.13 during trading hours on Friday, reaching $65.11. The stock had a trading volume of 6,951,504 shares, compared to its average volume of 3,967,294. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.63. Fidelity National Information Services, Inc. has a 52 week low of $65.03 and a 52 week high of $91.98. The firm has a 50-day moving average of $72.81 and a 200 day moving average of $75.48. The company has a market cap of $34.01 billion, a P/E ratio of 361.73 and a beta of 1.05.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The information technology services provider reported $1.36 EPS for the quarter, meeting analysts' consensus estimates of $1.36. The business had revenue of $2.62 billion during the quarter, compared to analysts' expectations of $2.57 billion. Fidelity National Information Services had a net margin of 1.09% and a return on equity of 18.73%. The firm's quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $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. On average, sell-side analysts expect 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 issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date is Wednesday, September 10th. Fidelity National Information Services's dividend payout ratio is 888.89%.

Fidelity National Information Services 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.