APG Asset Management N.V. Decreases Stock Holdings in Fidelity National Information Services, Inc. $FIS

Key Points

• APG Asset Management N.V. reduced its stake in Fidelity National Information Services by 2.1%, now holding 292,300 shares valued at approximately $20.21 million.
• Recent analyst ratings show a consensus of "Moderate Buy" for Fidelity National Information Services (FIS), with a price target averaging $91.63.
• The company announced a quarterly dividend of $0.40, yielding 2.2%, with a payout ratio of 888.89% as of the latest filings.

APG Asset Management N.V. cut its position in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 2.1% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 292,300 shares of the information technology services provider's stock after selling 6,200 shares during the period. APG Asset Management N.V. owned approximately 0.06% of Fidelity National Information Services worth $20,208,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Oppenheimer & Co. Inc. purchased a new position in shares of Fidelity National Information Services during the first quarter valued at approximately $276,000. Brown Advisory Inc. raised its holdings 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 valued at $24,594,000 after purchasing an additional 47,086 shares during the last quarter. Compass Wealth Management LLC raised its holdings in shares of Fidelity National Information Services by 13.5% during 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 during the last quarter. Brighton Jones LLC purchased a new position in shares of Fidelity National Information Services during the fourth quarter valued at approximately $347,000. Finally, Meritage Portfolio Management raised its holdings in shares of Fidelity National Information Services by 43.9% during 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 during the last quarter. 96.23% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on FIS. Stephens boosted their price objective on shares of Fidelity National Information Services from $90.00 to $100.00 and gave the company an "overweight" rating in a report on Wednesday, May 7th. Royal Bank Of Canada cut their target price on shares of Fidelity National Information Services from $95.00 to $93.00 and set an "outperform" rating for the company in a research report on Wednesday, May 7th. Truist Financial boosted their target price 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. Keefe, Bruyette & Woods cut 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 report on Wednesday, August 6th. Finally, UBS Group cut 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 report on Wednesday, August 6th. Thirteen analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $91.63.

Fidelity National Information Services Price Performance

Shares of FIS traded up $0.04 during mid-day trading on Friday, reaching $69.79. The stock had a trading volume of 4,449,783 shares, compared to its average volume of 4,178,664. 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 business has a fifty day moving average of $76.78 and a 200 day moving average of $75.69. Fidelity National Information Services, Inc. has a 12 month low of $66.51 and a 12 month high of $91.98. The firm has a market cap of $36.45 billion, a price-to-earnings ratio of 387.72 and a beta of 1.04.

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

Fidelity National Information Services Dividend Announcement

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

About Fidelity National Information Services

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.