Newbrook Capital Advisors LP Boosts Stake in Fidelity National Information Services, Inc. $FIS

Key Points

• Newbrook Capital Advisors LP increased its stake in Fidelity National Information Services, acquiring 191,832 shares for a total of 524,699 shares, making it the fund's 5th largest investment.
• Fidelity National Information Services reported a quarterly revenue of $2.62 billion, exceeding analyst expectations, while earnings per share matched the consensus estimate at $1.36.
• The company declared a quarterly dividend of $0.40 per share, representing an annualized yield of 2.3%, despite a high payout ratio of 888.89%.

Newbrook Capital Advisors LP increased its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 57.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 524,699 shares of the information technology services provider's stock after acquiring an additional 191,832 shares during the quarter. Fidelity National Information Services makes up about 6.2% of Newbrook Capital Advisors LP's portfolio, making the stock its 5th largest position. Newbrook Capital Advisors LP owned approximately 0.10% of Fidelity National Information Services worth $39,185,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently bought and sold shares of FIS. Sierra Ocean LLC raised its holdings in 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 worth $26,000 after buying an additional 267 shares during the last quarter. YANKCOM Partnership raised its holdings in Fidelity National Information Services by 118.8% during 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 last quarter. Meeder Asset Management Inc. raised its holdings in Fidelity National Information Services by 92.1% during 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 last quarter. Hazlett Burt & Watson Inc. raised its holdings in 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 buying an additional 250 shares during the last quarter. 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 valued at $33,000 after purchasing an additional 186 shares during the last quarter. Institutional investors and hedge funds own 96.23% of the company's stock.

Fidelity National Information Services Stock Performance

NYSE FIS traded down $0.03 during trading hours on Friday, reaching $68.68. 3,308,823 shares of the company were exchanged, compared to its average volume of 3,404,865. Fidelity National Information Services, Inc. has a 1 year low of $66.51 and a 1 year high of $91.98. The business's 50 day simple moving average is $75.56 and its 200-day simple moving average is $75.64. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $35.88 billion, a P/E ratio of 381.59 and a beta of 1.05.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last posted its quarterly earnings data 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. Fidelity National Information Services had a net margin of 1.09% and a return on equity of 18.73%. The business had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $2.57 billion. During the same quarter last year, the company posted $1.36 earnings per share. The firm'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 research analysts expect that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current year.

Fidelity National Information Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 24th. Shareholders of record on Wednesday, September 10th will be given 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 currently 888.89%.

Wall Street Analyst Weigh In

Several analysts have recently commented on FIS shares. UBS Group lowered 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 report on Wednesday, August 6th. Truist Financial increased their target price on shares of Fidelity National Information Services from $84.00 to $85.00 and gave the company a "hold" rating in a report on Thursday, July 17th. Robert W. Baird increased their target price on shares of Fidelity National Information Services from $82.00 to $86.00 and gave the company a "neutral" rating in a report on Wednesday, July 16th. Finally, Keefe, Bruyette & Woods lowered 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 report on Wednesday, August 6th. Thirteen 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's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $91.63.

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.