Assenagon Asset Management S.A. Has $1.55 Million Position in Fidelity National Information Services, Inc. $FIS

Key Points

• Assenagon Asset Management S.A. reduced its position in Fidelity National Information Services by 44.5%, now holding 19,071 shares worth $1.55 million.
• Multiple institutional investors, including Baupost Group and Invesco Ltd., have increased their stakes in Fidelity National Information Services, indicating strong interest in the firm.
• Fidelity National Information Services reported a net margin of 1.09% with a revenue of $2.62 billion in its last quarterly earnings, meeting analysts' expectations.

Assenagon Asset Management S.A. cut its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 44.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,071 shares of the information technology services provider's stock after selling 15,263 shares during the quarter. Assenagon Asset Management S.A.'s holdings in Fidelity National Information Services were worth $1,553,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in FIS. Baupost Group LLC MA bought a new position in Fidelity National Information Services in the first quarter worth $260,853,000. Nuveen LLC bought a new position in shares of Fidelity National Information Services during the 1st quarter worth about $187,514,000. Invesco Ltd. boosted its position in shares of Fidelity National Information Services by 22.9% during the 1st quarter. Invesco Ltd. now owns 9,304,011 shares of the information technology services provider's stock valued at $694,824,000 after acquiring an additional 1,730,878 shares in the last quarter. Hotchkis & Wiley Capital Management LLC increased its stake in Fidelity National Information Services by 17.4% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 6,666,499 shares of the information technology services provider's stock valued at $497,854,000 after acquiring an additional 986,646 shares during the period. Finally, Hawk Ridge Capital Management LP raised its position in Fidelity National Information Services by 647.7% in the first quarter. Hawk Ridge Capital Management LP now owns 1,062,280 shares of the information technology services provider's stock worth $79,331,000 after purchasing an additional 920,200 shares in the last quarter. Institutional investors and hedge funds own 96.23% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on FIS shares. Susquehanna lowered their price objective on Fidelity National Information Services from $81.00 to $77.00 and set a "neutral" rating on the stock in a research note on Friday, September 12th. Truist Financial increased their price objective on Fidelity National Information Services from $84.00 to $85.00 and gave the stock a "hold" rating in a research note on Thursday, July 17th. UBS Group reduced their target price 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. Robert W. Baird increased their target price on shares of Fidelity National Information Services from $82.00 to $86.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 16th. Finally, Keefe, Bruyette & Woods reduced their price target on shares of Fidelity National Information Services from $92.00 to $88.00 and set an "outperform" rating on the stock in a research report on Wednesday, August 6th. Twelve research 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, Fidelity National Information Services currently has a consensus rating of "Moderate Buy" and a consensus price target of $91.17.

Fidelity National Information Services Price Performance

Shares of FIS stock opened at $64.21 on Friday. Fidelity National Information Services, Inc. has a 1 year low of $63.00 and a 1 year high of $91.98. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.63. The firm's 50 day moving average is $71.23 and its 200-day moving average is $75.23. The firm has a market capitalization of $33.54 billion, a price-to-earnings ratio of 356.74 and a beta of 1.05.

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, hitting the consensus estimate of $1.36. The firm had revenue of $2.62 billion during the quarter, compared to analysts' expectations 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 was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the company 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. Sell-side analysts forecast 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 disclosed a quarterly dividend, which was paid on Wednesday, September 24th. Investors of record on Wednesday, September 10th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date was Wednesday, September 10th. Fidelity National Information Services's dividend payout ratio (DPR) 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.

Want to see what other hedge funds are holding FIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fidelity National Information Services, Inc. (NYSE:FIS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.