Fidelity National Information Services, Inc. $FIS Shares Purchased by Hawk Ridge Capital Management LP

Key Points

• Hawk Ridge Capital Management LP increased its position in Fidelity National Information Services by 647.7% during the first quarter, owning approximately 1,062,280 shares, valued at $79.33 million.
• Fidelity National Information Services recently reported $1.36 earnings per share, meeting analyst expectations, with a revenue of $2.62 billion compared to estimates of $2.57 billion.
• The company has declared a quarterly dividend of $0.40 per share, representing an annualized dividend yield of 2.3%, with a high dividend payout ratio at 888.89%.

Hawk Ridge Capital Management LP grew its position in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 647.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,062,280 shares of the information technology services provider's stock after buying an additional 920,200 shares during the quarter. Fidelity National Information Services accounts for approximately 3.7% of Hawk Ridge Capital Management LP's holdings, making the stock its 11th biggest holding. Hawk Ridge Capital Management LP owned 0.20% of Fidelity National Information Services worth $79,331,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Sierra Ocean LLC boosted its stake in shares of Fidelity National Information Services by 356.0% during 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 last quarter. Meeder Asset Management Inc. increased its position in Fidelity National Information Services by 92.1% during the 1st quarter. Meeder Asset Management Inc. now owns 342 shares of the information technology services provider's stock worth $26,000 after purchasing an additional 164 shares in the last quarter. YANKCOM Partnership increased its position in Fidelity National Information Services by 118.8% during the 1st quarter. YANKCOM Partnership now owns 350 shares of the information technology services provider's stock worth $26,000 after purchasing an additional 190 shares in the last quarter. Hazlett Burt & Watson Inc. increased its position in Fidelity National Information Services by 179.9% during the 1st quarter. Hazlett Burt & Watson Inc. now owns 389 shares of the information technology services provider's stock worth $29,000 after purchasing an additional 250 shares in the last quarter. Finally, Cary Street Partners Investment Advisory LLC increased its position in Fidelity National Information Services by 100.5% during the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 445 shares of the information technology services provider's stock worth $33,000 after purchasing an additional 223 shares in the last quarter. Hedge funds and other institutional investors own 96.23% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on FIS. UBS Group dropped their price objective on 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. Keefe, Bruyette & Woods dropped their price objective on 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. Truist Financial lifted their price objective on Fidelity National Information Services from $84.00 to $85.00 and gave the stock a "hold" rating in a research report on Thursday, July 17th. Finally, Robert W. Baird lifted their price objective on Fidelity National Information Services from $82.00 to $86.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 16th. Thirteen equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $91.63.

Fidelity National Information Services Trading Up 0.2%

FIS traded up $0.16 during midday trading on Monday, hitting $68.90. The company's stock had a trading volume of 3,952,777 shares, compared to its average volume of 3,610,159. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.63. The firm has a market cap of $35.99 billion, a P/E ratio of 382.80 and a beta of 1.05. The firm has a 50-day moving average price of $75.56 and a two-hundred day moving average price of $75.73. Fidelity National Information Services, Inc. has a 52-week low of $66.51 and a 52-week high of $91.98.

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 earnings per share for the quarter, meeting the consensus estimate of $1.36. The business had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.57 billion. Fidelity National Information Services had a return on equity of 18.73% and a net margin of 1.09%.The company's revenue was up 5.1% compared to the same quarter last year. During the same period in the previous year, the company posted $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, research analysts anticipate that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current year.

Fidelity National Information Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 24th. Stockholders of record on Wednesday, September 10th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Wednesday, September 10th. Fidelity National Information Services's payout ratio is currently 888.89%.

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.