Baupost Group LLC MA Purchases 296,764 Shares of Fidelity National Information Services, Inc. $FIS

Baupost Group LLC MA lifted its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 8.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,789,711 shares of the information technology services provider’s stock after buying an additional 296,764 shares during the period. Fidelity National Information Services makes up about 7.5% of Baupost Group LLC MA’s investment portfolio, making the stock its 5th largest holding. Baupost Group LLC MA owned about 0.73% of Fidelity National Information Services worth $308,520,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. Monetary Management Group Inc. raised its stake in shares of Fidelity National Information Services by 2.8% during the first quarter. Monetary Management Group Inc. now owns 4,960 shares of the information technology services provider’s stock valued at $370,000 after purchasing an additional 135 shares in the last quarter. Phoenix Wealth Advisors increased its stake in Fidelity National Information Services by 0.4% during the 1st quarter. Phoenix Wealth Advisors now owns 30,861 shares of the information technology services provider’s stock valued at $2,305,000 after buying an additional 135 shares during the period. CX Institutional lifted its position in Fidelity National Information Services by 2.3% in the second quarter. CX Institutional now owns 6,317 shares of the information technology services provider’s stock worth $514,000 after purchasing an additional 140 shares during the period. Dorsey & Whitney Trust CO LLC boosted its stake in Fidelity National Information Services by 4.2% during the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 4,010 shares of the information technology services provider’s stock valued at $299,000 after purchasing an additional 160 shares in the last quarter. Finally, Wealthspire Advisors LLC increased its position in shares of Fidelity National Information Services by 3.1% during the 2nd quarter. Wealthspire Advisors LLC now owns 5,426 shares of the information technology services provider’s stock valued at $442,000 after purchasing an additional 162 shares during the period. 96.23% of the stock is currently owned by institutional investors and hedge funds.

Fidelity National Information Services Trading Up 1.6%

Shares of NYSE:FIS opened at $66.63 on Friday. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.64. Fidelity National Information Services, Inc. has a 12-month low of $59.51 and a 12-month high of $85.86. The firm has a fifty day moving average of $65.67 and a two-hundred day moving average of $72.06. The firm has a market capitalization of $34.51 billion, a P/E ratio of 246.79 and a beta of 0.92.

Fidelity National Information Services (NYSE:FIS) last issued its earnings results on Wednesday, November 5th. The information technology services provider reported $1.51 EPS for the quarter, beating analysts’ consensus estimates of $1.48 by $0.03. Fidelity National Information Services had a return on equity of 19.76% and a net margin of 1.45%.The firm had revenue of $2.72 billion for the quarter, compared to the consensus estimate of $2.65 billion. During the same quarter in the previous year, the company posted $1.40 earnings per share. The business’s quarterly revenue was up 5.7% compared to the same quarter last year. Fidelity National Information Services has set its FY 2025 guidance at 5.740-5.780 EPS. On average, equities analysts expect that Fidelity National Information Services, Inc. will post 5.74 EPS for the current fiscal year.

Fidelity National Information Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 23rd. Investors of record on Tuesday, December 9th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Tuesday, December 9th. Fidelity National Information Services’s payout ratio is presently 592.59%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. KeyCorp reaffirmed a “hold” rating on shares of Fidelity National Information Services in a report on Wednesday, October 22nd. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Fidelity National Information Services in a research note on Wednesday, October 8th. Jefferies Financial Group cut their target price on shares of Fidelity National Information Services from $75.00 to $70.00 and set a “hold” rating for the company in a research note on Tuesday, October 14th. Keefe, Bruyette & Woods reduced their target price on shares of Fidelity National Information Services from $88.00 to $85.00 and set an “outperform” rating for the company in a report on Wednesday, October 1st. Finally, Royal Bank Of Canada dropped their price target on Fidelity National Information Services from $93.00 to $86.00 and set an “outperform” rating on the stock in a report on Thursday, November 6th. Twelve investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $85.41.

Insider Transactions at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein bought 889 shares of the stock in a transaction on Wednesday, October 15th. The shares were purchased at an average cost of $67.66 per share, with a total value of $60,149.74. Following the completion of the transaction, the director directly owned 13,588 shares of the company’s stock, valued at $919,364.08. This represents a 7.00% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.21% of the company’s stock.

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.