Kathmere Capital Management LLC Makes New $425,000 Investment in Fidelity National Information Services, Inc. $FIS

Key Points

• Kathmere Capital Management LLC made a new investment of approximately $425,000 in Fidelity National Information Services, purchasing 5,221 shares during the second quarter.
• A significant number of institutional investors hold a combined 96.23% of Fidelity National Information Services's stock, indicating strong institutional interest in the company.
• Fidelity National Information Services recently reported earnings that met analysts' expectations, with $1.36 earnings per share and a revenue of $2.62 billion.

Kathmere Capital Management LLC purchased a new position in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 5,221 shares of the information technology services provider's stock, valued at approximately $425,000.

A number of other large investors 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 1st quarter worth $260,853,000. Nuveen LLC bought a new stake in Fidelity National Information Services in the 1st quarter worth $187,514,000. Invesco Ltd. lifted its position in shares of Fidelity National Information Services by 22.9% in the 1st quarter. Invesco Ltd. now owns 9,304,011 shares of the information technology services provider's stock worth $694,824,000 after purchasing an additional 1,730,878 shares during the period. Hotchkis & Wiley Capital Management LLC lifted its position in shares of Fidelity National Information Services by 17.4% in the 1st 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 purchasing an additional 986,646 shares during the period. Finally, Hawk Ridge Capital Management LP lifted its position in shares of Fidelity National Information Services by 647.7% in the 1st 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 purchasing an additional 920,200 shares during the period. Institutional investors own 96.23% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Truist Financial raised their target price on shares of Fidelity National Information Services from $84.00 to $85.00 and gave the stock a "hold" rating in a research report on Thursday, July 17th. Robert W. Baird raised their target price on shares of 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. Keefe, Bruyette & Woods dropped their target price on shares of 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. Susquehanna dropped their target price on shares of Fidelity National Information Services from $81.00 to $77.00 and set a "neutral" rating for the company in a research report on Friday, September 12th. Finally, UBS Group dropped their target price on shares of 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. Twelve equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $91.17.

Fidelity National Information Services Trading Up 0.7%

Shares of NYSE FIS opened at $64.21 on Monday. Fidelity National Information Services, Inc. has a 1 year low of $63.00 and a 1 year high of $91.98. The stock has a market cap of $33.54 billion, a P/E ratio of 356.74 and a beta of 1.05. The firm has a 50-day moving average of $71.23 and a 200 day moving average of $75.32. 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 issued its quarterly earnings results on Tuesday, August 5th. The information technology services provider reported $1.36 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates 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%. Fidelity National Information Services's revenue was up 5.1% on a year-over-year basis. During the same period last year, the company 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, sell-side analysts expect that Fidelity National Information Services, Inc. will post 5.74 EPS for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 24th. Shareholders of record on Wednesday, September 10th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date was Wednesday, September 10th. Fidelity National Information Services's dividend payout ratio (DPR) is currently 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.

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