Harrell Investment Partners LLC Raises Holdings in Fidelity National Information Services, Inc. $FIS

Harrell Investment Partners LLC lifted its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 14.0% in the second quarter, HoldingsChannel reports. The firm owned 49,553 shares of the information technology services provider’s stock after acquiring an additional 6,101 shares during the period. Harrell Investment Partners LLC’s holdings in Fidelity National Information Services were worth $4,034,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of FIS. Baupost Group LLC MA purchased a new position in shares of Fidelity National Information Services during the 1st quarter worth approximately $260,853,000. Nuveen LLC purchased a new stake in Fidelity National Information Services in the 1st quarter worth approximately $187,514,000. Invesco Ltd. grew its stake in Fidelity National Information Services by 22.9% in the 1st quarter. Invesco Ltd. now owns 9,304,011 shares of the information technology services provider’s stock worth $694,824,000 after acquiring an additional 1,730,878 shares during the period. Hotchkis & Wiley Capital Management LLC grew its stake in Fidelity National Information Services by 17.4% in the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 6,666,499 shares of the information technology services provider’s stock worth $497,854,000 after acquiring an additional 986,646 shares during the period. Finally, Hawk Ridge Capital Management LP grew its stake in Fidelity National Information Services by 647.7% in 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 owned by hedge funds and other institutional investors.

Fidelity National Information Services Stock Up 1.1%

Shares of NYSE FIS opened at $64.09 on Thursday. Fidelity National Information Services, Inc. has a 52-week low of $63.00 and a 52-week high of $91.98. The firm has a fifty day moving average of $71.89 and a 200-day moving average of $75.31. The stock has a market capitalization of $33.48 billion, a PE ratio of 356.08 and a beta of 1.05. 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) last announced its quarterly earnings data on Tuesday, August 5th. The information technology services provider reported $1.36 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.36. The company had revenue of $2.62 billion during the quarter, compared to analysts’ expectations 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 in the previous 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. On average, 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 was paid on Wednesday, September 24th. Investors of record on Wednesday, September 10th were issued a dividend of $0.40 per share. The ex-dividend date was Wednesday, September 10th. This represents a $1.60 annualized dividend and a dividend yield of 2.5%. Fidelity National Information Services’s payout ratio is presently 888.89%.

Analysts Set New Price Targets

Several analysts have commented on FIS shares. UBS Group lowered their target price 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. Susquehanna lowered their target price on shares of Fidelity National Information Services from $81.00 to $77.00 and set a “neutral” rating for the company in a research note on Friday, September 12th. Keefe, Bruyette & Woods lowered their target price 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. Robert W. Baird lifted 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 note on Wednesday, July 16th. 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 note on Thursday, July 17th. Twelve investment 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’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target 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.