Park West Asset Management LLC Makes New $26.07 Million Investment in Fidelity National Information Services, Inc. $FIS

Key Points

• Park West Asset Management LLC has acquired a stake of 349,030 shares in Fidelity National Information Services, valued at approximately $26,066,000, representing 2.1% of its investment portfolio.
• Fidelity National Information Services reported EPS of $1.36 for the recent quarter, meeting analysts' expectations, with revenue growth of 5.1% year-over-year.
• The company's stock currently has an average rating of "Moderate Buy" from analysts, with a price target of $91.63.

Park West Asset Management LLC purchased a new stake in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 349,030 shares of the information technology services provider's stock, valued at approximately $26,066,000. Fidelity National Information Services makes up 2.1% of Park West Asset Management LLC's portfolio, making the stock its 21st largest holding. Park West Asset Management LLC owned 0.07% of Fidelity National Information Services at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in FIS. Baupost Group LLC MA bought a new stake in shares of Fidelity National Information Services during the 1st quarter valued at about $260,853,000. Nuveen LLC purchased a new stake in Fidelity National Information Services in the first quarter worth about $187,514,000. Invesco Ltd. lifted its holdings in Fidelity National Information Services by 22.9% in the first quarter. Invesco Ltd. now owns 9,304,011 shares of the information technology services provider's stock worth $694,824,000 after buying an additional 1,730,878 shares during the period. Hotchkis & Wiley Capital Management LLC boosted its position in Fidelity National Information Services by 17.4% during the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 6,666,499 shares of the information technology services provider's stock valued at $497,854,000 after acquiring an additional 986,646 shares in the last quarter. Finally, Hawk Ridge Capital Management LP grew its holdings in shares of Fidelity National Information Services by 647.7% during 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 acquiring an additional 920,200 shares during the period. 96.23% of the stock is currently owned by institutional investors.

Fidelity National Information Services Stock Down 0.4%

FIS stock traded down $0.25 during trading on Tuesday, hitting $68.71. 5,646,219 shares of the stock traded hands, compared to its average volume of 3,381,715. The stock has a market cap of $35.89 billion, a price-to-earnings ratio of 381.74 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 1 year low of $66.51 and a 1 year high of $91.98. The firm's 50 day moving average is $75.04 and its two-hundred day moving average is $75.67.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last issued its earnings results on Tuesday, August 5th. The information technology services provider reported $1.36 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.36. Fidelity National Information Services had a net margin of 1.09% and a return on equity of 18.73%. The firm had revenue of $2.62 billion for the quarter, compared to the consensus estimate of $2.57 billion. During the same quarter in the prior year, the firm posted $1.36 earnings per share. The business's revenue was up 5.1% on a year-over-year basis. 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, sell-side analysts anticipate that Fidelity National Information Services, Inc. will post 5.74 EPS 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 paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend 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

A number of research analysts have recently commented on the company. UBS Group lowered their target price on 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. Truist Financial raised their price objective on Fidelity National Information Services from $84.00 to $85.00 and gave the company a "hold" rating in a research report on Thursday, July 17th. Robert W. Baird upped 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. Finally, Keefe, Bruyette & Woods decreased their price target 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. Thirteen equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Fidelity National Information Services currently has an average rating of "Moderate Buy" and a consensus price target of $91.63.

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.