Pallas Capital Advisors LLC Buys New Position in Fidelity National Information Services, Inc. $FIS

Key Points

• Pallas Capital Advisors LLC has acquired a new position in Fidelity National Information Services, Inc., purchasing 8,628 shares valued at approximately $702,000.
• Several institutional investors have significantly increased their positions in Fidelity National Information Services, with ownership by institutional investors now at 96.23% of the company's stock.
• Fidelity National Information Services reported earnings of $1.36 per share for the last quarter, matching analysts' expectations, and the company has declared a quarterly dividend of $0.40 per share.

Pallas Capital Advisors LLC acquired a new position in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 8,628 shares of the information technology services provider's stock, valued at approximately $702,000.

Several other hedge funds also recently made changes to their positions in FIS. Sierra Ocean LLC lifted its stake in shares of Fidelity National Information Services by 356.0% in the 1st quarter. Sierra Ocean LLC now owns 342 shares of the information technology services provider's stock worth $26,000 after acquiring an additional 267 shares during the period. YANKCOM Partnership lifted its stake in shares of Fidelity National Information Services by 118.8% in the 1st quarter. YANKCOM Partnership now owns 350 shares of the information technology services provider's stock worth $26,000 after acquiring an additional 190 shares during the period. Meeder Asset Management Inc. lifted its stake in shares of Fidelity National Information Services by 92.1% in the 1st quarter. Meeder Asset Management Inc. now owns 342 shares of the information technology services provider's stock worth $26,000 after acquiring an additional 164 shares during the period. Hazlett Burt & Watson Inc. lifted its stake in shares of Fidelity National Information Services by 179.9% in the 1st quarter. Hazlett Burt & Watson Inc. now owns 389 shares of the information technology services provider's stock worth $29,000 after acquiring an additional 250 shares during the period. Finally, Kennebec Savings Bank lifted its stake in shares of Fidelity National Information Services by 71.3% in the 1st quarter. Kennebec Savings Bank now owns 447 shares of the information technology services provider's stock worth $33,000 after acquiring an additional 186 shares during the period. Institutional investors and hedge funds own 96.23% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on FIS shares. 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 note on Wednesday, July 16th. Truist Financial raised their price objective on shares of Fidelity National Information Services from $84.00 to $85.00 and gave the company a "hold" rating in a research note on Thursday, July 17th. Susquehanna reduced their price objective on shares of Fidelity National Information Services from $81.00 to $77.00 and set a "neutral" rating for the company in a research note on Friday, September 12th. Keefe, Bruyette & Woods reduced their price objective on shares of 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. Finally, UBS Group reduced their price objective on shares of Fidelity National Information Services from $84.00 to $82.00 and set a "neutral" rating for the company in a research note on Wednesday, August 6th. Twelve 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's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $91.17.

Fidelity National Information Services Stock Performance

Shares of NYSE:FIS traded down $0.66 on Tuesday, reaching $63.99. 484,094 shares of the company's stock were exchanged, compared to its average volume of 3,694,115. The firm has a market capitalization of $33.43 billion, a price-to-earnings ratio of 355.98 and a beta of 1.05. Fidelity National Information Services, Inc. has a fifty-two week low of $63.96 and a fifty-two week high of $91.98. The business's 50-day moving average is $72.51 and its two-hundred day moving average is $75.47. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.63.

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, hitting the consensus estimate of $1.36. The business had revenue of $2.62 billion during the quarter, compared to analyst estimates of $2.57 billion. Fidelity National Information Services had a net margin of 1.09% and a return on equity of 18.73%. The company's quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the firm 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. As a group, equities research analysts forecast that Fidelity National Information Services, Inc. will post 5.74 EPS for the current year.

Fidelity National Information Services Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 24th. Stockholders of record on Wednesday, September 10th will be given a dividend of $0.40 per share. The ex-dividend date is Wednesday, September 10th. This represents a $1.60 annualized dividend and a dividend yield of 2.5%. Fidelity National Information Services's dividend payout ratio 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.