Intech Investment Management LLC Has $3.48 Million Stock Holdings in Fidelity National Information Services, Inc. $FIS

Key Points

• Intech Investment Management LLC increased its stake in Fidelity National Information Services, Inc. by 15%, acquiring an additional 6,070 shares, bringing its total holdings to 46,588 shares worth approximately $3.48 million.
• The company reported a quarterly earnings per share (EPS) of $1.36, meeting analysts' estimates and showing a 5.1% annual revenue growth to $2.62 billion.
• Fidelity announced a quarterly dividend of $0.40 per share, representing an annual yield of 2.4%, although its dividend payout ratio is notably high at 888.89%.

Intech Investment Management LLC boosted its holdings in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 15.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 46,588 shares of the information technology services provider's stock after acquiring an additional 6,070 shares during the quarter. Intech Investment Management LLC's holdings in Fidelity National Information Services were worth $3,479,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in FIS. Baupost Group LLC MA bought a new stake in Fidelity National Information Services in the first quarter valued at about $260,853,000. Nuveen LLC bought a new stake in Fidelity National Information Services in the first quarter valued at about $187,514,000. Invesco Ltd. increased its stake in 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 valued at $694,824,000 after acquiring an additional 1,730,878 shares during the period. Hotchkis & Wiley Capital Management LLC grew its stake in 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 last quarter. Finally, Hawk Ridge Capital Management LP grew its stake in Fidelity National Information Services by 647.7% during the first quarter. Hawk Ridge Capital Management LP now owns 1,062,280 shares of the information technology services provider's stock worth $79,331,000 after buying an additional 920,200 shares during the last quarter. Institutional investors own 96.23% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on FIS. UBS Group decreased their price objective on shares of Fidelity National Information Services from $84.00 to $82.00 and set a "neutral" rating on the stock in a research note on Wednesday, August 6th. Robert W. Baird upped their price objective 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. Susquehanna decreased their price objective on shares of Fidelity National Information Services from $81.00 to $77.00 and set a "neutral" rating on the stock in a research note on Friday, September 12th. Truist Financial upped their price objective 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. Finally, Keefe, Bruyette & Woods decreased their price objective on shares of Fidelity National Information Services from $92.00 to $88.00 and set an "outperform" rating on the stock in a research note on Wednesday, August 6th. Twelve analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $91.17.

Fidelity National Information Services Price Performance

Shares of NYSE:FIS traded down $0.89 during midday trading on Thursday, hitting $66.26. The stock had a trading volume of 3,720,829 shares, compared to its average volume of 3,972,598. The company's 50-day moving average price is $73.08 and its 200-day moving average price is $75.48. The company has a market capitalization of $34.61 billion, a P/E ratio of 368.13 and a beta of 1.05. 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 fifty-two week low of $65.66 and a fifty-two week high of $91.98.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last issued its 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. The company had revenue of $2.62 billion during the quarter, compared to analysts' expectations of $2.57 billion. Fidelity National Information Services had a net margin of 1.09% and a return on equity of 18.73%. The business's revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period in the previous year, the company earned $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. As a group, equities research analysts predict that Fidelity National Information Services, Inc. will post 5.74 EPS for the current fiscal 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 issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a $1.60 annualized dividend and a dividend yield of 2.4%. 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.