Corebridge Financial Inc. Sells 11,705 Shares of Fidelity National Information Services, Inc. $FIS

Key Points

• Corebridge Financial Inc. reduced its stake in Fidelity National Information Services by 8.8%, selling 11,705 shares and ending the quarter with a valuation of $9,094,000.
• Fidelity National Information Services announced a quarterly dividend of $0.40, reflecting an annualized yield of 2.3% with a payout ratio of 888.89%.
• Analysts have varied price targets for Fidelity, with Stephens raising it to $100.00, while the consensus rating is a "Moderate Buy" with an average target of $91.63.

Corebridge Financial Inc. trimmed its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 8.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 121,768 shares of the information technology services provider's stock after selling 11,705 shares during the quarter. Corebridge Financial Inc.'s holdings in Fidelity National Information Services were worth $9,094,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of FIS. Brighton Jones LLC bought a new position in shares of Fidelity National Information Services during the fourth quarter valued at $347,000. Integrated Wealth Concepts LLC raised its stake in shares of Fidelity National Information Services by 7.4% during the fourth quarter. Integrated Wealth Concepts LLC now owns 10,639 shares of the information technology services provider's stock valued at $859,000 after acquiring an additional 731 shares during the last quarter. Aquatic Capital Management LLC bought a new position in shares of Fidelity National Information Services during the fourth quarter valued at $825,000. Northern Trust Corp raised its stake in shares of Fidelity National Information Services by 16.5% during the fourth quarter. Northern Trust Corp now owns 6,925,824 shares of the information technology services provider's stock valued at $559,399,000 after acquiring an additional 982,955 shares during the last quarter. Finally, Lido Advisors LLC raised its stake in shares of Fidelity National Information Services by 71.4% during the fourth quarter. Lido Advisors LLC now owns 17,612 shares of the information technology services provider's stock valued at $1,423,000 after acquiring an additional 7,338 shares during the last quarter. Institutional investors own 96.23% of the company's stock.

Fidelity National Information Services Trading Down 0.2%

FIS opened at $69.85 on Thursday. 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 current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.63. The company has a market cap of $36.49 billion, a P/E ratio of 388.09 and a beta of 1.04. The company has a fifty day moving average price of $77.20 and a two-hundred day moving average price of $75.80.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The information technology services provider reported $1.36 earnings per share for the quarter, meeting the consensus estimate of $1.36. Fidelity National Information Services had a net margin of 1.09% and a return on equity of 18.73%. The firm had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $2.57 billion. During the same period in the previous year, the firm posted $1.36 earnings per share. The business'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. Analysts predict that Fidelity National Information Services, Inc. will post 5.74 EPS for the current fiscal year.

Fidelity National Information Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 24th. Shareholders of record on Wednesday, September 10th will be paid 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 payout ratio is 888.89%.

Wall Street Analyst Weigh In

FIS has been the subject of several analyst reports. Stephens raised their price target on shares of Fidelity National Information Services from $90.00 to $100.00 and gave the company an "overweight" rating in a research note on Wednesday, May 7th. UBS Group dropped 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 research note on Wednesday, August 6th. Robert W. Baird lifted 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 note on Wednesday, July 16th. Keefe, Bruyette & Woods lowered 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 note on Wednesday, August 6th. Finally, Royal Bank Of Canada lowered 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 note on Wednesday, May 7th. Thirteen research 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 data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $91.63.

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.

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.