Fidelity National Information Services, Inc. $FIS is Broyhill Asset Management LLC's 6th Largest Position

Key Points

• Broyhill Asset Management LLC increased its stake in Fidelity National Information Services by 48.2%, now holding 72,625 shares valued at approximately $5.42 million, making it the firm's sixth largest position.
• Analysts have varied opinions on Fidelity National Information Services, with a consensus rating of "Moderate Buy" and an average price target of $91.63, reflecting a mix of buy and hold ratings.
• The company announced a quarterly dividend of $0.40 per share, set to be paid on September 24th, with an annual yield of 2.3% and a payout ratio of 888.89%.

Broyhill Asset Management LLC increased its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 48.2% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 72,625 shares of the information technology services provider's stock after buying an additional 23,619 shares during the period. Fidelity National Information Services comprises about 4.4% of Broyhill Asset Management LLC's holdings, making the stock its 6th biggest position. Broyhill Asset Management LLC's holdings in Fidelity National Information Services were worth $5,424,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FIS. Sierra Ocean LLC boosted its position in shares of Fidelity National Information Services by 356.0% in the first quarter. Sierra Ocean LLC now owns 342 shares of the information technology services provider's stock valued at $26,000 after acquiring an additional 267 shares during the period. Meeder Asset Management Inc. raised its stake in shares of Fidelity National Information Services by 92.1% during the first quarter. Meeder Asset Management Inc. now owns 342 shares of the information technology services provider's stock worth $26,000 after acquiring an additional 164 shares in the last quarter. YANKCOM Partnership raised its stake in shares of Fidelity National Information Services by 118.8% during the first quarter. YANKCOM Partnership now owns 350 shares of the information technology services provider's stock worth $26,000 after acquiring an additional 190 shares in the last quarter. Hazlett Burt & Watson Inc. raised its stake in shares of Fidelity National Information Services by 179.9% during the first quarter. Hazlett Burt & Watson Inc. now owns 389 shares of the information technology services provider's stock worth $29,000 after acquiring an additional 250 shares in the last quarter. Finally, Cary Street Partners Investment Advisory LLC raised its stake in shares of Fidelity National Information Services by 100.5% during the first quarter. Cary Street Partners Investment Advisory LLC now owns 445 shares of the information technology services provider's stock worth $33,000 after acquiring an additional 223 shares in the last quarter. Institutional investors own 96.23% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Stephens upped their price target on shares of Fidelity National Information Services from $90.00 to $100.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 7th. Robert W. Baird upped their price target on shares of Fidelity National Information Services from $82.00 to $86.00 and gave the company a "neutral" rating in a research report on Wednesday, July 16th. Truist Financial upped their price target 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. UBS Group reduced their price target 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. Finally, Royal Bank Of Canada reduced their target price on shares of Fidelity National Information Services from $95.00 to $93.00 and set an "outperform" rating for the company in a report on Wednesday, May 7th. Thirteen 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. According to data from MarketBeat, Fidelity National Information Services presently has an average rating of "Moderate Buy" and an average target price of $91.63.

Fidelity National Information Services Trading Down 2.6%

FIS traded down $1.80 during trading on Tuesday, reaching $68.01. The company had a trading volume of 1,213,169 shares, compared to its average volume of 3,603,954. The stock has a market cap of $35.53 billion, a P/E ratio of 377.73 and a beta of 1.05. The business has a 50 day simple moving average of $76.56 and a 200-day simple moving average of $75.75. 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 quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.63.

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, hitting analysts' consensus estimates of $1.36. Fidelity National Information Services had a return on equity of 18.73% and a net margin of 1.09%.The business had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.57 billion. During the same quarter last year, the firm posted $1.36 earnings per share. The business's 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. On average, equities analysts anticipate that Fidelity National Information Services, Inc. will post 5.74 EPS for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 24th. Shareholders of record on Wednesday, September 10th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.4%. The ex-dividend date is Wednesday, September 10th. Fidelity National Information Services's 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.