Fidelity National Information Services, Inc. $FIS is VeriStar Capital Management LP's 3rd Largest Position

Key Points

• VeriStar Capital Management LP increased its stake in Fidelity National Information Services by 48.5%, acquiring an additional 23,887 shares, making it the firm's 3rd largest holding.
• Research analysts have mixed views on Fidelity National Information Services, with a consensus rating of "Moderate Buy" and a target price of $91.63.
• The company recently announced a quarterly dividend of $0.40, with an annualized yield of 2.3%, despite a high dividend payout ratio of 888.89%.

VeriStar Capital Management LP increased its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 48.5% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 73,169 shares of the information technology services provider's stock after buying an additional 23,887 shares during the quarter. Fidelity National Information Services comprises approximately 10.0% of VeriStar Capital Management LP's portfolio, making the stock its 3rd largest position. VeriStar Capital Management LP's holdings in Fidelity National Information Services were worth $5,464,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in FIS. Sierra Ocean LLC increased its holdings in 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 valued at $26,000 after purchasing an additional 267 shares during the last quarter. YANKCOM Partnership increased its holdings in 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 valued at $26,000 after purchasing an additional 190 shares during the last quarter. Meeder Asset Management Inc. increased its holdings in 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 during the last quarter. Hazlett Burt & Watson Inc. increased its holdings in 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 during the last quarter. Finally, Kennebec Savings Bank grew its stake 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 worth $33,000 after acquiring an additional 186 shares in the last quarter. Institutional investors and hedge funds own 96.23% of the company's stock.

Fidelity National Information Services Stock Down 0.0%

Shares of FIS stock traded down $0.03 on Friday, reaching $68.68. 3,308,823 shares of the stock were exchanged, compared to its average volume of 3,404,865. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.63. The business's 50 day moving average price is $75.56 and its 200 day moving average price is $75.69. The company has a market capitalization of $35.88 billion, a price-to-earnings ratio of 381.59 and a beta of 1.05. Fidelity National Information Services, Inc. has a twelve month low of $66.51 and a twelve month high of $91.98.

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 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 firm had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $2.57 billion. During the same quarter in the previous year, the firm posted $1.36 earnings per share. The company's 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. As a group, sell-side analysts expect 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 business also recently declared a quarterly dividend, which will be paid on Wednesday, September 24th. Investors of record on Wednesday, September 10th will be given a $0.40 dividend. The ex-dividend date of this dividend 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 888.89%.

Wall Street Analyst Weigh In

Several equities analysts have commented on FIS shares. Robert W. Baird boosted their price target 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 boosted their price target on shares of Fidelity National Information Services from $84.00 to $85.00 and gave the stock a "hold" rating in a research note on Thursday, July 17th. Keefe, Bruyette & Woods dropped 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. Finally, UBS Group dropped their price target 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. Thirteen research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus 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.