Sunriver Management LLC Acquires 345,998 Shares of Fidelity National Information Services, Inc. $FIS

Key Points

• Sunriver Management LLC significantly increased its holdings in Fidelity National Information Services by 112.6%, acquiring an additional 345,998 shares during the first quarter, bringing its total shares to 653,399.
• Fidelity National Information Services reported $2.62 billion in revenue for the most recent quarter, exceeding analyst estimates of $2.57 billion and achieving a 5.1% year-over-year increase.
• The company announced a quarterly dividend of $0.40 per share, translating to an annualized dividend of $1.60 and a yield of 2.2%.

Sunriver Management LLC boosted its holdings in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 112.6% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 653,399 shares of the information technology services provider's stock after acquiring an additional 345,998 shares during the quarter. Fidelity National Information Services accounts for about 6.0% of Sunriver Management LLC's investment portfolio, making the stock its 5th largest position. Sunriver Management LLC owned 0.12% of Fidelity National Information Services worth $48,796,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in FIS. Brighton Jones LLC bought a new position in shares of Fidelity National Information Services during the fourth quarter valued at about $347,000. MML Investors Services LLC raised its stake in Fidelity National Information Services by 15.7% during the 4th quarter. MML Investors Services LLC now owns 41,186 shares of the information technology services provider's stock valued at $3,327,000 after purchasing an additional 5,587 shares during the period. Stifel Financial Corp boosted its stake in Fidelity National Information Services by 25.6% during the fourth quarter. Stifel Financial Corp now owns 228,681 shares of the information technology services provider's stock valued at $18,471,000 after buying an additional 46,649 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Fidelity National Information Services by 0.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 771,783 shares of the information technology services provider's stock valued at $62,337,000 after buying an additional 3,938 shares during the last quarter. Finally, Integrated Wealth Concepts LLC raised its stake in shares of Fidelity National Information Services by 7.4% during the fourth quarter. Integrated Wealth Concepts LLC now owns 10,639 shares of the information technology services provider's stock valued at $859,000 after acquiring an additional 731 shares in the last quarter. 96.23% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have commented on FIS shares. Keefe, Bruyette & Woods decreased 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. Truist Financial lifted 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. Stephens lifted their price objective on shares of 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 decreased 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. Finally, Royal Bank Of Canada dropped their price objective on shares of Fidelity National Information Services from $95.00 to $93.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 7th. 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.com, the company presently has an average rating of "Moderate Buy" and an average price target of $91.63.

Fidelity National Information Services Price Performance

NYSE FIS traded down $0.06 during mid-day trading on Friday, hitting $69.69. The stock had a trading volume of 1,867,007 shares, compared to its average volume of 3,602,948. The firm's 50 day moving average is $76.99 and its 200 day moving average is $75.71. 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 current ratio of 0.59 and a quick ratio of 0.59. The stock has a market capitalization of $36.40 billion, a price-to-earnings ratio of 387.42 and a beta of 1.04.

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 EPS for the quarter, meeting the consensus estimate of $1.36. The firm had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $2.57 billion. Fidelity National Information Services had a return on equity of 18.73% and a net margin of 1.09%.The firm's revenue was up 5.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.36 EPS. 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. Equities research analysts forecast that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current fiscal year.

Fidelity National Information Services Dividend Announcement

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 $0.40 dividend. The ex-dividend date is Wednesday, September 10th. This represents a $1.60 dividend on an annualized basis and a yield of 2.3%. Fidelity National Information Services's payout ratio is currently 888.89%.

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.