HighTower Advisors LLC Decreases Holdings in Fidelity National Information Services, Inc. $FIS

Key Points

• HighTower Advisors LLC significantly reduced its holdings in Fidelity National Information Services, Inc. by 49.1%, now owning approximately $4.48 million worth of shares after selling over 57,000 shares.
• Fidelity National Information Services reported mixed quarterly earnings, meeting EPS expectations at $1.36 with a 5.1% year-over-year revenue growth totaling $2.62 billion.
• The company announced a quarterly dividend of $0.40 per share, reflecting an annualized dividend yield of 2.3%, with a notably high payout ratio of 888.89%.

HighTower Advisors LLC lessened its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 49.1% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 59,999 shares of the information technology services provider's stock after selling 57,805 shares during the quarter. HighTower Advisors LLC's holdings in Fidelity National Information Services were worth $4,481,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Goldman Sachs Group Inc. boosted its stake in 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 valued at $800,032,000 after buying an additional 419,199 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Fidelity National Information Services by 0.3% in 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. raised its holdings in shares of Fidelity National Information Services by 22.9% in 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. Northern Trust Corp raised its holdings in shares of Fidelity National Information Services by 16.5% in the fourth quarter. Northern Trust Corp now owns 6,925,824 shares of the information technology services provider's stock worth $559,399,000 after buying an additional 982,955 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its holdings in shares of Fidelity National Information Services by 4.1% in the first quarter. Massachusetts Financial Services Co. MA now owns 6,203,963 shares of the information technology services provider's stock worth $463,312,000 after buying an additional 246,558 shares during the period. Institutional investors own 96.23% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Truist Financial increased their price target 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. Keefe, Bruyette & Woods reduced their price objective 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. Stephens raised their price objective on Fidelity National Information Services from $90.00 to $100.00 and gave the stock an "overweight" rating in a report on Wednesday, May 7th. Robert W. Baird raised their price objective 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. Finally, 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. Thirteen analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $91.63.

Fidelity National Information Services Stock Performance

FIS traded down $0.56 on Tuesday, reaching $70.52. 250,832 shares of the stock were exchanged, compared to its average volume of 3,592,316. The company's 50-day moving average price is $77.62 and its 200 day moving average price is $75.88. The firm has a market capitalization of $36.84 billion, a PE ratio of 391.60 and a beta of 1.04. Fidelity National Information Services, Inc. has a fifty-two week low of $66.51 and a fifty-two week high of $91.98. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.59 and a quick ratio of 0.59.

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 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 during the quarter, compared to analyst estimates of $2.57 billion. During the same quarter last year, the business posted $1.36 EPS. The company's revenue 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. As a group, sell-side analysts forecast that Fidelity National Information Services, Inc. will post 5.74 EPS 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 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 presently 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.