AQR Capital Management LLC Sells 448,453 Shares of Fidelity National Information Services, Inc. $FIS

Key Points

• AQR Capital Management LLC reduced its holdings in Fidelity National Information Services by 23.7%, selling 448,453 shares during the first quarter.
• The company reported a 5.1% year-over-year increase in quarterly revenue, reaching $2.62 billion, matching the consensus earnings per share estimate of $1.36.
• Fidelity National Information Services announced a quarterly dividend of $0.40 per share, reflecting a 2.3% dividend yield and a payout ratio of 888.89%.

AQR Capital Management LLC decreased its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 23.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,446,475 shares of the information technology services provider's stock after selling 448,453 shares during the period. AQR Capital Management LLC owned approximately 0.28% of Fidelity National Information Services worth $106,634,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Oppenheimer & Co. Inc. bought a new position in Fidelity National Information Services during the 1st quarter worth $276,000. Brown Advisory Inc. increased its position in Fidelity National Information Services by 16.7% during the 1st 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 position in Fidelity National Information Services by 13.5% during the 1st 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. Brighton Jones LLC bought a new position in Fidelity National Information Services during the 4th quarter worth $347,000. Finally, Meritage Portfolio Management increased its position in Fidelity National Information Services by 43.9% during the 1st quarter. Meritage Portfolio Management now owns 82,571 shares of the information technology services provider's stock worth $6,166,000 after buying an additional 25,203 shares during the period. Institutional investors own 96.23% of the company's stock.

Fidelity National Information Services Trading Down 0.4%

Shares of FIS stock traded down $0.25 during mid-day trading on Tuesday, reaching $68.71. 5,646,086 shares of the stock traded hands, compared to its average volume of 3,622,070. The stock's fifty day simple moving average is $75.31 and its two-hundred day simple moving average is $75.72. Fidelity National Information Services, Inc. has a 1-year low of $66.51 and a 1-year high of $91.98. The company has a market cap of $35.89 billion, a price-to-earnings ratio of 381.74 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 - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The information technology services provider reported $1.36 EPS for the quarter, meeting analysts' consensus estimates of $1.36. The firm 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%.The business's revenue for the quarter was up 5.1% on a year-over-year basis. During the same period last year, the firm posted $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 anticipate that Fidelity National Information Services, Inc. will post 5.74 EPS for the current fiscal year.

Fidelity National Information Services Dividend Announcement

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

Analyst Ratings Changes

A number of research analysts recently commented on the company. Truist Financial raised their price target 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. Robert W. Baird lifted their price objective on shares of Fidelity National Information Services from $82.00 to $86.00 and gave the company a "neutral" rating in a research note on Wednesday, July 16th. UBS Group decreased their price objective on shares of Fidelity National Information Services from $84.00 to $82.00 and set a "neutral" rating on the stock in a research note on Wednesday, August 6th. Finally, Keefe, Bruyette & Woods decreased their price objective on shares of Fidelity National Information Services from $92.00 to $88.00 and set an "outperform" rating on the stock in a research note on Wednesday, August 6th. 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, the company currently has a consensus rating of "Moderate Buy" and an average target price of $91.63.

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.