West Oak Capital LLC Has $350,000 Holdings in Fidelity National Information Services, Inc. $FIS

Key Points

• West Oak Capital LLC reduced its holdings in Fidelity National Information Services, Inc. by 70.5%, now owning 4,300 shares valued at $350,000.
• The company recently reported a quarterly EPS of $1.36, meeting analyst expectations, with revenue rising 5.1% year-over-year to $2.62 billion.
• A quarterly dividend of $0.40 has been announced, with a dividend yield of 2.5% and a significantly high payout ratio of 888.89%.

West Oak Capital LLC cut its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 70.5% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,300 shares of the information technology services provider's stock after selling 10,300 shares during the period. West Oak Capital LLC's holdings in Fidelity National Information Services were worth $350,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in FIS. Sierra Ocean LLC lifted its position in 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 valued at $26,000 after purchasing an additional 267 shares during the period. YANKCOM Partnership lifted its position in Fidelity National Information Services by 118.8% during 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 period. Meeder Asset Management Inc. raised its position 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 acquiring an additional 164 shares during the period. Hazlett Burt & Watson Inc. raised its position 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 acquiring an additional 250 shares during the period. Finally, Kennebec Savings Bank raised its position 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 acquiring an additional 186 shares during the period. 96.23% of the stock is currently owned by institutional investors and hedge funds.

Fidelity National Information Services Price Performance

Shares of FIS opened at $64.50 on Tuesday. The stock has a market capitalization of $33.69 billion, a P/E ratio of 358.35 and a beta of 1.05. Fidelity National Information Services, Inc. has a twelve month low of $64.26 and a twelve month high of $91.98. The company has a 50 day moving average of $72.51 and a 200-day moving average of $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 earnings results on Tuesday, August 5th. The information technology services provider reported $1.36 earnings per share for the quarter, meeting 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 business had revenue of $2.62 billion during the quarter, compared to analysts' expectations of $2.57 billion. During the same period last year, the business earned $1.36 earnings per share. The firm'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. As a group, equities research analysts forecast that Fidelity National Information Services, Inc. will post 5.74 EPS for the current fiscal year.

Fidelity National Information Services Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 24th. Investors of record on Wednesday, September 10th will be paid 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 2.5%. Fidelity National Information Services's dividend payout ratio (DPR) is currently 888.89%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. UBS Group cut their price target on shares of Fidelity National Information Services from $84.00 to $82.00 and set a "neutral" rating on the stock in a research report on Wednesday, August 6th. Keefe, Bruyette & Woods cut their price target on shares of Fidelity National Information Services from $92.00 to $88.00 and set an "outperform" rating on the stock in a research report on Wednesday, August 6th. Susquehanna cut their price target on shares of Fidelity National Information Services from $81.00 to $77.00 and set a "neutral" rating on the stock in a research report on Friday, September 12th. Robert W. Baird increased their price target on shares of Fidelity National Information Services from $82.00 to $86.00 and gave the company a "neutral" rating in a research report on Wednesday, July 16th. Finally, Truist Financial increased their price target on shares of 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. Twelve analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Fidelity National Information Services has an average rating of "Moderate Buy" and an average target price of $91.17.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.