Fidelity National Information Services, Inc. $FIS is Lyrical Asset Management LP's 5th Largest Position

Key Points

• Lyrical Asset Management LP has reduced its stake in Fidelity National Information Services (FIS) by 1.9%, now holding 4,062,447 shares worth approximately $303.4 million.
• Fidelity National Information Services recently reported earnings per share of $1.36 for the quarter, meeting analyst expectations, alongside a revenue of $2.62 billion that exceeded forecasts.
• The company announced a quarterly dividend of $0.40 per share, with an ex-dividend date of September 10, resulting in an annualized dividend yield of 2.2%.

Lyrical Asset Management LP cut its stake in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 1.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,062,447 shares of the information technology services provider's stock after selling 76,788 shares during the quarter. Fidelity National Information Services makes up approximately 4.7% of Lyrical Asset Management LP's portfolio, making the stock its 5th largest holding. Lyrical Asset Management LP owned approximately 0.77% of Fidelity National Information Services worth $303,384,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sierra Ocean LLC raised its holdings in 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 acquiring an additional 267 shares during the last quarter. YANKCOM Partnership raised its holdings 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 during the last quarter. Meeder Asset Management Inc. raised its holdings 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 during the last quarter. Hazlett Burt & Watson Inc. raised its holdings 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 during the last quarter. Finally, Kennebec Savings Bank raised its holdings in Fidelity National Information Services by 71.3% in the 1st quarter. Kennebec Savings Bank now owns 447 shares of the information technology services provider's stock valued at $33,000 after acquiring an additional 186 shares during the last quarter. 96.23% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on FIS. TD Cowen upgraded shares of Fidelity National Information Services from a "hold" rating to a "buy" rating and set a $92.00 price target for the company in a report on Monday, April 21st. Truist Financial raised their price target on shares of Fidelity National Information Services from $84.00 to $85.00 and gave the stock a "hold" rating in a report on Thursday, July 17th. Keefe, Bruyette & Woods cut their price target on shares of Fidelity National Information Services from $92.00 to $88.00 and set an "outperform" rating for the company in a report on Wednesday, August 6th. UBS Group cut 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 report on Wednesday, August 6th. Finally, Royal Bank Of Canada cut their price target 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 given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, Fidelity National Information Services currently has a consensus rating of "Moderate Buy" and an average price target of $91.63.

Fidelity National Information Services Stock Down 0.2%

FIS stock traded down $0.1290 during midday trading on Tuesday, hitting $69.6010. The company's stock had a trading volume of 1,036,803 shares, compared to its average volume of 3,609,246. 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 $66.51 and a 52-week high of $91.98. The firm has a market capitalization of $36.36 billion, a P/E ratio of 386.64 and a beta of 1.04. The firm has a 50-day simple moving average of $78.66 and a 200-day simple moving average of $76.30.

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 EPS for the quarter, meeting 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 company had revenue of $2.62 billion during the quarter, compared to analysts' expectations of $2.57 billion. During the same quarter last year, the company posted $1.36 EPS. The firm'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. As a group, equities analysts forecast that Fidelity National Information Services, Inc. will post 5.74 EPS for the current year.

Fidelity National Information Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 24th. Investors of record on Wednesday, September 10th will be given a $0.40 dividend. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a $1.60 dividend on an annualized basis and a yield of 2.3%. 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.