Interval Partners LP Takes Position in Fidelity National Information Services, Inc. $FIS

Key Points

• Interval Partners LP has made a new investment of approximately $3.97 million in Fidelity National Information Services, acquiring 53,198 shares of the company.
• Fidelity National Information Services reported a 5.1% year-over-year increase in revenue at $2.62 billion for the latest quarter, with earnings per share meeting consensus estimates at $1.36.
• The company announced a quarterly dividend of $0.40 per share, yielding 2.3%, with a high dividend payout ratio of 888.89%.

Interval Partners LP acquired a new stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 53,198 shares of the information technology services provider's stock, valued at approximately $3,973,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Sierra Ocean LLC raised its holdings in shares of Fidelity National Information Services by 356.0% in the first quarter. Sierra Ocean LLC now owns 342 shares of the information technology services provider's stock worth $26,000 after buying an additional 267 shares during the period. YANKCOM Partnership raised its holdings in shares of Fidelity National Information Services by 118.8% in the first quarter. YANKCOM Partnership now owns 350 shares of the information technology services provider's stock worth $26,000 after buying an additional 190 shares during the period. Meeder Asset Management Inc. raised its holdings in shares of Fidelity National Information Services by 92.1% in the first quarter. Meeder Asset Management Inc. now owns 342 shares of the information technology services provider's stock worth $26,000 after buying an additional 164 shares during the period. Hazlett Burt & Watson Inc. raised its holdings in shares of Fidelity National Information Services by 179.9% in the first quarter. Hazlett Burt & Watson Inc. now owns 389 shares of the information technology services provider's stock worth $29,000 after buying an additional 250 shares during the period. Finally, Kennebec Savings Bank raised its holdings in shares of Fidelity National Information Services by 71.3% in the first quarter. Kennebec Savings Bank now owns 447 shares of the information technology services provider's stock worth $33,000 after buying an additional 186 shares during the period. 96.23% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on FIS shares. Keefe, Bruyette & Woods reduced their price target 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. Truist Financial increased their price objective on 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. Robert W. Baird increased their price objective on 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. Finally, UBS Group dropped their price objective on 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. Thirteen research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $91.63.

Fidelity National Information Services Stock Up 0.2%

NYSE FIS traded up $0.16 during midday trading on Monday, hitting $68.90. 3,952,777 shares of the company traded hands, compared to its average volume of 3,352,189. The company has a market cap of $35.99 billion, a PE ratio of 382.80 and a beta of 1.05. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.59 and a quick ratio of 0.59. The company's 50-day simple moving average is $75.31 and its 200-day simple moving average is $75.72. 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 issued its earnings results on Tuesday, August 5th. The information technology services provider reported $1.36 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $1.36. The company had revenue of $2.62 billion during 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 firm's quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter last year, the business 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. As a group, equities research analysts forecast 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 disclosed a quarterly dividend, which will be paid on Wednesday, September 24th. Shareholders of record on Wednesday, September 10th will be paid a dividend of $0.40 per share. The ex-dividend date is Wednesday, September 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.3%. Fidelity National Information Services's dividend payout ratio (DPR) is presently 888.89%.

Fidelity National Information Services Company 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.