Allianz Asset Management GmbH Decreases Stock Position in Fidelity National Information Services, Inc. $FIS

Key Points

• Allianz Asset Management GmbH reduced its stake in Fidelity National Information Services by 33.0%, owning 36,554 shares valued at approximately $2,976,000 after selling 17,984 shares in the second quarter.
• Fidelity National Information Services recently received new ratings with UBS Group upgrading to "buy" with a price target of $82.00, while other analysts set targets ranging from $81.00 to $86.00, reflecting a consensus rating of "Moderate Buy."
• The company reported a net margin of 1.09% and a revenue increase of 5.1% year-over-year, with quarterly earnings meeting consensus estimates at $1.36 EPS.

Allianz Asset Management GmbH lowered its stake in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 33.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 36,554 shares of the information technology services provider's stock after selling 17,984 shares during the period. Allianz Asset Management GmbH's holdings in Fidelity National Information Services were worth $2,976,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Cullen Investment Group LTD. increased its holdings in shares of Fidelity National Information Services by 10.4% in the second quarter. Cullen Investment Group LTD. now owns 58,464 shares of the information technology services provider's stock worth $4,760,000 after buying an additional 5,521 shares during the period. Oppenheimer & Co. Inc. purchased a new position in shares of Fidelity National Information Services in the first quarter worth about $276,000. Brown Advisory Inc. increased its holdings in shares of Fidelity National Information Services by 16.7% in the first quarter. Brown Advisory Inc. now owns 329,325 shares of the information technology services provider's stock worth $24,594,000 after buying an additional 47,086 shares during the period. Compass Wealth Management LLC increased its holdings in shares of Fidelity National Information Services by 13.5% in the first quarter. Compass Wealth Management LLC now owns 77,794 shares of the information technology services provider's stock worth $5,810,000 after buying an additional 9,251 shares during the period. Finally, Brighton Jones LLC bought a new stake in shares of Fidelity National Information Services in the fourth quarter worth about $347,000. Hedge funds and other institutional investors own 96.23% of the company's stock.

Insider Activity

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein bought 889 shares of the stock in a transaction dated Wednesday, October 15th. The stock was purchased at an average cost of $67.66 per share, for a total transaction of $60,149.74. Following the completion of the acquisition, the director owned 13,588 shares of the company's stock, valued at approximately $919,364.08. This trade represents a 7.00% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.21% of the company's stock.

Analysts Set New Price Targets

Several analysts recently issued reports on FIS shares. UBS Group raised Fidelity National Information Services from a "neutral" rating to a "buy" rating and set a $82.00 target price on the stock in a research note on Tuesday, September 30th. Wells Fargo & Company started coverage on Fidelity National Information Services in a research note on Wednesday. They issued an "overweight" rating and a $81.00 target price on the stock. KeyCorp reissued a "hold" rating on shares of Fidelity National Information Services in a research note on Wednesday. Robert W. Baird raised their target price on 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, Keefe, Bruyette & Woods cut their target price on Fidelity National Information Services from $88.00 to $85.00 and set an "outperform" rating on the stock in a research note on Wednesday, October 1st. Thirteen investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Fidelity National Information Services currently has a consensus rating of "Moderate Buy" and an average price target of $87.94.

Fidelity National Information Services Stock Performance

Fidelity National Information Services stock opened at $67.85 on Friday. The stock's 50 day simple moving average is $67.56 and its two-hundred day simple moving average is $74.46. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.59 and a current ratio of 0.59. The stock has a market cap of $35.44 billion, a price-to-earnings ratio of 376.97 and a beta of 1.05. Fidelity National Information Services, Inc. has a fifty-two week low of $63.00 and a fifty-two week high of $91.98.

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 earnings per share for the quarter, meeting the consensus estimate of $1.36. The business had revenue of $2.62 billion for the quarter, compared to analysts' expectations of $2.57 billion. Fidelity National Information Services had a return on equity of 18.73% and a net margin of 1.09%.The business's revenue was up 5.1% on a year-over-year basis. During the same period in the previous year, the firm posted $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. As a group, 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 company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 24th. Shareholders of record on Wednesday, September 10th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend was Wednesday, September 10th. Fidelity National Information Services's payout ratio is presently 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.

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