259,355 Shares in Fidelity National Information Services, Inc. $FIS Bought by Invenomic Capital Management LP

Key Points

• Invenomic Capital Management LP has purchased 259,355 shares of Fidelity National Information Services, valued at approximately $19.37 million, making it the fund's 28th largest position.
• Fidelity National Information Services recently reported $1.36 EPS for the quarter, matching analysts' expectations and showing a 5.1% increase in revenue year-over-year.
• The company declared a quarterly dividend of $0.40 per share, with an annualized yield of 2.3% and a payout ratio of 888.89%.

Invenomic Capital Management LP purchased a new position in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The fund purchased 259,355 shares of the information technology services provider's stock, valued at approximately $19,369,000. Fidelity National Information Services accounts for 1.0% of Invenomic Capital Management LP's holdings, making the stock its 28th largest position.

Other institutional investors and hedge funds have also modified their holdings of the company. Sierra Ocean LLC increased its position 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 purchasing an additional 267 shares during the period. YANKCOM Partnership grew its position in 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 valued at $26,000 after acquiring an additional 190 shares during the period. Meeder Asset Management Inc. grew its position in 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 valued at $26,000 after acquiring an additional 164 shares during the period. Hazlett Burt & Watson Inc. grew its holdings in shares of 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 worth $29,000 after purchasing an additional 250 shares during the last quarter. Finally, Kennebec Savings Bank grew its holdings in shares of 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 worth $33,000 after purchasing an additional 186 shares during the last quarter. 96.23% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Robert W. Baird increased their target price 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. Keefe, Bruyette & Woods decreased 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. UBS Group reduced their price target on Fidelity National Information Services from $84.00 to $82.00 and set a "neutral" rating on the stock in a research report on Wednesday, August 6th. Finally, Truist Financial raised their target price 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. Thirteen 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. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $91.63.

Fidelity National Information Services Trading Up 0.2%

FIS traded up $0.16 during midday trading on Monday, reaching $68.90. 3,952,777 shares of the company's stock traded hands, compared to its average volume of 3,352,189. The firm has a fifty day moving average of $75.56 and a two-hundred day moving average of $75.73. The stock has a market capitalization of $35.99 billion, a price-to-earnings 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. 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 results on Tuesday, August 5th. The information technology services provider reported $1.36 EPS 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 in the prior year, the company posted $1.36 EPS. Fidelity National Information Services's quarterly revenue was up 5.1% compared to the same quarter last year. 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 analysts anticipate that Fidelity National Information Services, Inc. will post 5.74 earnings per share 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 issued 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 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.