Hotchkis & Wiley Capital Management LLC Acquires 986,646 Shares of Fidelity National Information Services, Inc. $FIS

Key Points

• Hotchkis & Wiley Capital Management LLC increased its stake in Fidelity National Information Services, Inc. by 17.4%, owning approximately 6.67 million shares, making FIS the firm's 16th largest holding.
• Fidelity National Information Services reported a 5.1% year-over-year revenue increase with earnings per share (EPS) of $1.36 for the last quarter, meeting analyst expectations.
• The company recently announced a quarterly dividend of $0.40 per share, representing an annual yield of 2.2%, despite having a high dividend payout ratio of 888.89%.

Hotchkis & Wiley Capital Management LLC raised its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 17.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,666,499 shares of the information technology services provider's stock after buying an additional 986,646 shares during the quarter. Fidelity National Information Services comprises approximately 1.7% of Hotchkis & Wiley Capital Management LLC's portfolio, making the stock its 16th biggest position. Hotchkis & Wiley Capital Management LLC owned 1.27% of Fidelity National Information Services worth $497,854,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in FIS. Sierra Ocean LLC lifted its position in 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 buying an additional 267 shares during the period. YANKCOM Partnership lifted its position in 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 valued at $26,000 after buying an additional 190 shares during the period. Meeder Asset Management Inc. lifted its position in 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 valued at $26,000 after buying an additional 164 shares during the period. Hazlett Burt & Watson Inc. lifted its position in 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 valued at $29,000 after buying an additional 250 shares during the period. Finally, Kennebec Savings Bank lifted its position in Fidelity National Information Services by 71.3% during the first quarter. Kennebec Savings Bank now owns 447 shares of the information technology services provider's stock valued at $33,000 after buying an additional 186 shares during the period. Hedge funds and other institutional investors own 96.23% of the company's stock.

Analyst Ratings Changes

FIS has been the subject of several recent research reports. Royal Bank Of Canada lowered their price objective on Fidelity National Information Services from $95.00 to $93.00 and set an "outperform" rating for the company in a research report on Wednesday, May 7th. Robert W. Baird lifted their price target 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. UBS Group lowered their price target 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. Stephens lifted their price target on Fidelity National Information Services from $90.00 to $100.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 7th. Finally, Keefe, Bruyette & Woods lowered their price target 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. Thirteen research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $91.63.

Fidelity National Information Services Stock Down 0.2%

Shares of FIS traded down $0.15 during trading hours on Wednesday, hitting $69.85. The company had a trading volume of 3,636,963 shares, compared to its average volume of 3,618,543. 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 fifty day moving average price of $77.41 and a 200-day moving average price of $75.84. The stock has a market capitalization of $36.49 billion, a price-to-earnings ratio of 388.09 and a beta of 1.04. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.59 and a current 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 EPS for the quarter, hitting the consensus estimate of $1.36. Fidelity National Information Services had a return on equity of 18.73% and a net margin of 1.09%.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 company earned $1.36 EPS. Fidelity National Information Services'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. On average, equities research analysts forecast that Fidelity National Information Services, Inc. will post 5.74 EPS for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 24th. Investors of record on Wednesday, September 10th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.3%. The ex-dividend date is Wednesday, September 10th. Fidelity National Information Services's dividend payout ratio (DPR) is presently 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.