American Century Companies Inc. Sells 26,918 Shares of Fidelity National Information Services, Inc. $FIS

Key Points

• American Century Companies Inc. has reduced its holdings in Fidelity National Information Services by 44.4%, owning 33,747 shares worth $2,520,000 after selling 26,918 shares in the first quarter.
• The company declared a quarterly dividend of $0.40 to be paid on September 24th, representing an annualized dividend yield of 2.3%.
• Analysts have mixed outlooks for Fidelity National Information Services, with a consensus rating of "Moderate Buy" and an average price target of $91.63.

American Century Companies Inc. lessened its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 44.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 33,747 shares of the information technology services provider's stock after selling 26,918 shares during the quarter. American Century Companies Inc.'s holdings in Fidelity National Information Services were worth $2,520,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of FIS. Oppenheimer & Co. Inc. purchased a new stake in Fidelity National Information Services during the first quarter worth about $276,000. Brown Advisory Inc. increased its stake in shares of Fidelity National Information Services by 16.7% during 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 boosted its holdings in 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 valued at $5,810,000 after purchasing an additional 9,251 shares in the last quarter. Brighton Jones LLC acquired a new position in Fidelity National Information Services in the fourth quarter valued at approximately $347,000. Finally, Meritage Portfolio Management boosted its holdings in Fidelity National Information Services by 43.9% in the first quarter. Meritage Portfolio Management now owns 82,571 shares of the information technology services provider's stock valued at $6,166,000 after purchasing an additional 25,203 shares in the last quarter. Institutional investors and hedge funds own 96.23% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on FIS shares. Keefe, Bruyette & Woods decreased their price objective on Fidelity National Information Services from $92.00 to $88.00 and set an "outperform" rating for the company in a report on Wednesday, August 6th. UBS Group reduced their target price on Fidelity National Information Services from $84.00 to $82.00 and set a "neutral" rating for the company in a report on Wednesday, August 6th. Robert W. Baird raised their price target on 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. Stephens lifted their price objective on Fidelity National Information Services from $90.00 to $100.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 7th. Finally, Truist Financial lifted their price objective on Fidelity National Information Services from $84.00 to $85.00 and gave the stock a "hold" rating in a research report on Thursday, July 17th. Thirteen investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $91.63.

Fidelity National Information Services Stock Performance

FIS stock traded up $0.87 during trading on Thursday, reaching $69.06. 1,083,148 shares of the company's stock were exchanged, compared to its average volume of 3,597,997. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.63. The firm has a market cap of $36.08 billion, a PE ratio of 383.74 and a beta of 1.05. The company's fifty day moving average price is $76.03 and its 200-day moving average price is $75.65. Fidelity National Information Services, Inc. has a 1-year low of $66.51 and a 1-year high of $91.98.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last announced its earnings results on Tuesday, August 5th. The information technology services provider reported $1.36 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $1.36. The company had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.57 billion. Fidelity National Information Services had a return on equity of 18.73% and a net margin of 1.09%.Fidelity National Information Services's revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.36 earnings per share. 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, research analysts expect that Fidelity National Information Services, Inc. will post 5.74 EPS for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 24th. Shareholders of record on Wednesday, September 10th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Wednesday, September 10th. Fidelity National Information Services's dividend payout ratio is presently 888.89%.

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.