Prospector Partners LLC Boosts Holdings in Fidelity National Information Services, Inc. $FIS

Key Points

• Prospector Partners LLC has increased its stake in Fidelity National Information Services by 10.8%, now holding 173,771 shares valued at approximately $12.98 million.
• Other institutional investors, such as Oppenheimer & Co. and Brown Advisory Inc., have also modified their positions, with Brown Advisory alone increasing its stake by 16.7%.
• Fidelity National Information Services reported a quarterly revenue of $2.62 billion, surpassing analysts' expectations, and plans to distribute a $0.40 dividend on September 24th, providing a yield of 2.3%.

Prospector Partners LLC increased its stake in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 10.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 173,771 shares of the information technology services provider's stock after purchasing an additional 16,972 shares during the period. Fidelity National Information Services makes up 1.5% of Prospector Partners LLC's holdings, making the stock its 29th biggest holding. Prospector Partners LLC's holdings in Fidelity National Information Services were worth $12,977,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the company. Sierra Ocean LLC boosted its position in shares of Fidelity National Information Services by 356.0% during 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 in the last quarter. YANKCOM Partnership lifted its stake 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 purchasing an additional 190 shares during the last quarter. Meeder Asset Management Inc. boosted its holdings 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 valued at $26,000 after purchasing an additional 164 shares in the last quarter. Hazlett Burt & Watson Inc. boosted its holdings 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 valued at $29,000 after purchasing an additional 250 shares in the last quarter. Finally, Kennebec Savings Bank boosted its holdings 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 valued at $33,000 after purchasing an additional 186 shares in the last quarter. 96.23% of the stock is owned by institutional investors.

Fidelity National Information Services Stock Up 0.5%

Shares of NYSE FIS traded up $0.3650 during midday trading on Wednesday, hitting $69.6950. 3,179,599 shares of the stock traded hands, compared to its average volume of 3,623,531. Fidelity National Information Services, Inc. has a one year low of $66.51 and a one year high of $91.98. The company has a market cap of $36.41 billion, a PE ratio of 387.22 and a beta of 1.04. The business has a 50 day moving average price of $78.42 and a two-hundred day moving average price of $76.26. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.59 and a current ratio of 0.59.

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 for the quarter, meeting analysts' consensus estimates 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 net margin of 1.09% and a return on equity of 18.73%. The business's quarterly revenue was up 5.1% compared to the same quarter last year. During the same period last 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. On average, equities analysts predict 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. Stockholders of record on Wednesday, September 10th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a $1.60 annualized dividend and a dividend yield of 2.3%. Fidelity National Information Services's dividend payout ratio is currently 888.89%.

Analyst Upgrades and Downgrades

FIS has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods reduced their target price on Fidelity National Information Services from $92.00 to $88.00 and set an "outperform" rating on the stock in a report on Wednesday, August 6th. Robert W. Baird increased their price objective on shares of Fidelity National Information Services from $82.00 to $86.00 and gave the company a "neutral" rating in a research note on Wednesday, July 16th. Stephens lifted their price target on Fidelity National Information Services from $90.00 to $100.00 and gave the company an "overweight" rating in a research note on Wednesday, May 7th. UBS Group reduced their price target on Fidelity National Information Services from $84.00 to $82.00 and set a "neutral" rating on the stock in a report on Wednesday, August 6th. Finally, Truist Financial lifted 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. Thirteen research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Fidelity National Information Services has a consensus rating of "Moderate Buy" and a consensus target price of $91.63.

Fidelity National Information Services Company 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.