Harrell Investment Partners LLC Raises Holdings in Fidelity National Information Services, Inc. $FIS

Key Points

• Harrell Investment Partners LLC increased its holdings in Fidelity National Information Services, Inc. by 14.0% during the 2nd quarter, owning 49,553 shares valued at approximately $4 million.
• Fidelity National Information Services recently declared a quarterly dividend of $0.40 per share, translating to an annual dividend yield of 2.5% and a significant dividend payout ratio of 888.89%.
• Consensus from analysts reflects a "Moderate Buy" rating for Fidelity National Information Services, with an average price target of $91.17 for the stock.

Harrell Investment Partners LLC grew its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 14.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 49,553 shares of the information technology services provider's stock after purchasing an additional 6,101 shares during the quarter. Harrell Investment Partners LLC's holdings in Fidelity National Information Services were worth $4,034,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Dodge & Cox boosted its stake in shares of Fidelity National Information Services by 1.4% during the first quarter. Dodge & Cox now owns 34,808,298 shares of the information technology services provider's stock worth $2,599,484,000 after buying an additional 480,771 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of Fidelity National Information Services by 4.1% during the first quarter. Goldman Sachs Group Inc. now owns 10,712,794 shares of the information technology services provider's stock worth $800,032,000 after buying an additional 419,199 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Fidelity National Information Services by 0.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 10,126,213 shares of the information technology services provider's stock worth $755,928,000 after buying an additional 31,626 shares during the period. Invesco Ltd. boosted its stake in shares of Fidelity National Information Services by 22.9% during the first quarter. Invesco Ltd. now owns 9,304,011 shares of the information technology services provider's stock worth $694,824,000 after buying an additional 1,730,878 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC boosted its stake in shares of Fidelity National Information Services by 17.4% during the first quarter. Hotchkis & Wiley Capital Management LLC now owns 6,666,499 shares of the information technology services provider's stock worth $497,854,000 after buying an additional 986,646 shares during the period. Hedge funds and other institutional investors own 96.23% of the company's stock.

Fidelity National Information Services Price Performance

Shares of NYSE:FIS opened at $64.09 on Thursday. The company has a 50-day moving average price of $71.89 and a 200 day moving average price of $75.31. Fidelity National Information Services, Inc. has a 52 week low of $63.00 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. The company has a market cap of $33.48 billion, a P/E ratio of 356.08 and a beta of 1.05.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last posted 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. 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 the consensus estimate of $2.57 billion. During the same period last year, the firm earned $1.36 EPS. The company's revenue for the quarter 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. Research analysts predict that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current year.

Fidelity National Information Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 24th. Stockholders of record on Wednesday, September 10th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date was Wednesday, September 10th. Fidelity National Information Services's dividend payout ratio (DPR) is presently 888.89%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. UBS Group decreased their target price on shares of Fidelity National Information Services from $84.00 to $82.00 and set a "neutral" rating for the company in a research note on Wednesday, August 6th. Robert W. Baird increased their target price on shares of Fidelity National Information Services from $82.00 to $86.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 16th. Truist Financial increased their target price on shares of Fidelity National Information Services from $84.00 to $85.00 and gave the stock a "hold" rating in a research note on Thursday, July 17th. Susquehanna reduced their price objective on shares of Fidelity National Information Services from $81.00 to $77.00 and set a "neutral" rating for the company in a research report on Friday, September 12th. Finally, Keefe, Bruyette & Woods reduced 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. Twelve equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $91.17.

About Fidelity National Information Services

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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