Kovitz Investment Group Partners LLC Acquires 4,214 Shares of Fidelity National Information Services, Inc. $FIS

Key Points

• Kovitz Investment Group Partners LLC has increased its holdings in Fidelity National Information Services by 30.0%, acquiring an additional 4,214 shares, bringing its total to 18,266 shares valued at approximately $1.36 million.
• Fidelity National Information Services reported a revenue of $2.62 billion for the last quarter, surpassing analyst estimates of $2.57 billion, with a consistent EPS of $1.36.
• The company announced a quarterly dividend of $0.40 per share, reflecting an annualized dividend yield of 2.3%, although its payout ratio stands notably high at 888.89%.

Kovitz Investment Group Partners LLC boosted its position in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 30.0% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 18,266 shares of the information technology services provider's stock after acquiring an additional 4,214 shares during the period. Kovitz Investment Group Partners LLC's holdings in Fidelity National Information Services were worth $1,364,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in FIS. Nuveen LLC bought a new stake in shares of Fidelity National Information Services in the 1st quarter worth about $187,514,000. Invesco Ltd. increased 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 last quarter. Northern Trust Corp increased its position in shares of Fidelity National Information Services by 16.5% in the 4th quarter. Northern Trust Corp now owns 6,925,824 shares of the information technology services provider's stock worth $559,399,000 after purchasing an additional 982,955 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Fidelity National Information Services by 6,171.5% during the 1st quarter. GAMMA Investing LLC now owns 829,844 shares of the information technology services provider's stock valued at $61,973,000 after buying an additional 816,612 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its position in shares of Fidelity National Information Services by 51.2% during the 4th quarter. Ameriprise Financial Inc. now owns 1,376,900 shares of the information technology services provider's stock valued at $111,215,000 after buying an additional 466,246 shares during the last quarter. Institutional investors and hedge funds own 96.23% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on FIS. Oppenheimer upgraded shares of Fidelity National Information Services from a "market perform" rating to an "outperform" rating and set a $94.00 target price for the company in a report on Wednesday, April 23rd. Stephens boosted their target price on shares of Fidelity National Information Services from $90.00 to $100.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 7th. Truist Financial increased 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. Royal Bank Of Canada lowered their price objective on shares of Fidelity National Information Services from $95.00 to $93.00 and set an "outperform" rating for the company in a research note on Wednesday, May 7th. Finally, Keefe, Bruyette & Woods cut their target price on Fidelity National Information Services from $92.00 to $88.00 and set an "outperform" rating for the company in a research note on Wednesday, August 6th. Thirteen analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $91.63.

Fidelity National Information Services Stock Down 0.4%

NYSE FIS traded down $0.2850 during trading hours on Thursday, hitting $69.4750. 3,826,483 shares of the company traded hands, compared to its average volume of 3,822,833. The business's 50-day moving average is $78.19 and its 200-day moving average is $76.21. Fidelity National Information Services, Inc. has a twelve month low of $66.51 and a twelve month high of $91.98. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.59 and a current ratio of 0.59. The stock has a market capitalization of $36.29 billion, a price-to-earnings ratio of 385.99 and a beta of 1.04.

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 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.36. The firm had revenue of $2.62 billion for 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 business's revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.36 earnings per share. 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. Sell-side analysts anticipate 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. This represents a $1.60 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Wednesday, September 10th. Fidelity National Information Services's dividend payout ratio (DPR) is 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.