Candriam S.C.A. Sells 12,365 Shares of Fidelity National Information Services, Inc. $FIS

Key Points

• Candriam S.C.A. has reduced its stake in Fidelity National Information Services by 18.4%, holding 54,987 shares worth approximately $4.11 million.
• Fidelity National Information Services announced a quarterly dividend of $0.40, with an annualized yield of 2.2%, payable on September 24th.
• The company's stock is rated as a "Moderate Buy" by analysts, with a consensus price target of $91.63.

Candriam S.C.A. trimmed its position in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 18.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 54,987 shares of the information technology services provider's stock after selling 12,365 shares during the period. Candriam S.C.A.'s holdings in Fidelity National Information Services were worth $4,106,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Sierra Ocean LLC raised its position in shares of Fidelity National Information Services by 356.0% in the 1st quarter. Sierra Ocean LLC now owns 342 shares of the information technology services provider's stock valued at $26,000 after acquiring an additional 267 shares during the period. Meeder Asset Management Inc. raised its holdings in Fidelity National Information Services by 92.1% during the 1st quarter. Meeder Asset Management Inc. now owns 342 shares of the information technology services provider's stock worth $26,000 after buying an additional 164 shares during the period. YANKCOM Partnership raised its holdings in Fidelity National Information Services by 118.8% during the 1st quarter. YANKCOM Partnership now owns 350 shares of the information technology services provider's stock worth $26,000 after buying an additional 190 shares during the period. Hazlett Burt & Watson Inc. boosted its holdings in shares of Fidelity National Information Services by 179.9% in the first quarter. Hazlett Burt & Watson Inc. now owns 389 shares of the information technology services provider's stock valued at $29,000 after buying an additional 250 shares during the period. Finally, Cary Street Partners Investment Advisory LLC boosted its holdings in shares of Fidelity National Information Services by 100.5% in the first quarter. Cary Street Partners Investment Advisory LLC now owns 445 shares of the information technology services provider's stock valued at $33,000 after buying an additional 223 shares during the period. 96.23% of the stock is currently owned by institutional investors and hedge funds.

Fidelity National Information Services Stock Down 1.5%

Shares of NYSE FIS traded down $1.09 during midday trading on Tuesday, reaching $69.99. The company's stock had a trading volume of 4,437,665 shares, compared to its average volume of 3,618,429. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.63. Fidelity National Information Services, Inc. has a fifty-two week low of $66.51 and a fifty-two week high of $91.98. The stock has a market capitalization of $36.56 billion, a price-to-earnings ratio of 388.85 and a beta of 1.04. The stock has a 50 day simple moving average of $77.62 and a 200-day simple moving average of $75.88.

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 (EPS) for the quarter, meeting analysts' consensus estimates of $1.36. Fidelity National Information Services had a net margin of 1.09% and a return on equity of 18.73%. The company had revenue of $2.62 billion for the quarter, compared to the consensus estimate of $2.57 billion. During the same period last year, the company earned $1.36 earnings per share. The firm's revenue was up 5.1% compared to the same quarter last year. 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 research analysts predict that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current year.

Fidelity National Information Services Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 24th. Shareholders of record on Wednesday, September 10th will be given a dividend of $0.40 per share. 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 888.89%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on FIS. 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 for the company in a report on Wednesday, August 6th. UBS Group reduced their price target on shares of 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. Truist Financial upped their price target on shares of Fidelity National Information Services from $84.00 to $85.00 and gave the company a "hold" rating in a report on Thursday, July 17th. Robert W. Baird upped their price target on shares of Fidelity National Information Services from $82.00 to $86.00 and gave the company a "neutral" rating in a report on Wednesday, July 16th. Finally, Royal Bank Of Canada reduced their price target on shares of Fidelity National Information Services from $95.00 to $93.00 and set an "outperform" rating for the company in a report on Wednesday, May 7th. Thirteen analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock has an average 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.