Engineers Gate Manager LP Sells 106,742 Shares of Fidelity National Information Services, Inc. $FIS

Key Points

• Engineers Gate Manager LP cut its FIS position by 68%, selling 106,742 shares and retaining 50,240 shares valued at approximately $1.95 million. Institutional investors and hedge funds collectively own 96.23% of the company.
• Analyst sentiment remains mixed, with 10 Buy, 12 Hold, and 2 Sell ratings. The stock has an average rating of Hold and an average price target of $53.46.
• FIS reported quarterly EPS of $1.48, narrowly beating estimates, while revenue rose 29.1% year over year to $3.38 billion. The company also declared a quarterly dividend of $0.44 per share, representing a 4.7% annualized yield.

Engineers Gate Manager LP lessened its position in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 68.0% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 50,240 shares of the information technology services provider's stock after selling 106,742 shares during the period. Engineers Gate Manager LP's holdings in Fidelity National Information Services were worth $1,953,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of FIS. Reflection Asset Management acquired a new position in shares of Fidelity National Information Services in the 4th quarter valued at $34,000. MBM Wealth Consultants LLC bought a new stake in shares of Fidelity National Information Services in the 1st quarter valued at $33,000. Hantz Financial Services Inc. raised its stake in Fidelity National Information Services by 254.5% during the 4th quarter. Hantz Financial Services Inc. now owns 833 shares of the information technology services provider's stock worth $55,000 after buying an additional 598 shares during the period. Rothschild Investment LLC raised its stake in Fidelity National Information Services by 191.9% during the 4th quarter. Rothschild Investment LLC now owns 899 shares of the information technology services provider's stock worth $60,000 after buying an additional 591 shares during the period. Finally, Cary Street Partners Investment Advisory LLC lifted its holdings in Fidelity National Information Services by 208.8% during the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 1,121 shares of the information technology services provider's stock worth $75,000 after acquiring an additional 758 shares in the last quarter. 96.23% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have issued reports on FIS shares. Wolfe Research increased their price target on Fidelity National Information Services from $53.00 to $54.00 and gave the stock an "outperform" rating in a report on Tuesday, August 25th. Truist Financial cut their price objective on Fidelity National Information Services from $45.00 to $43.00 and set a "hold" rating on the stock in a report on Friday, July 24th. Morgan Stanley began coverage on Fidelity National Information Services in a research report on Tuesday, July 7th. They issued an "equal weight" rating and a $47.00 price objective for the company. Wells Fargo & Company reissued an "equal weight" rating and set a $46.00 target price (down from $58.00) on shares of Fidelity National Information Services in a research note on Tuesday, August 25th. Finally, Stephens restated an "equal weight" rating and set a $50.00 target price on shares of Fidelity National Information Services in a report on Tuesday, August 11th. Ten research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Fidelity National Information Services has an average rating of "Hold" and an average target price of $53.46.

Fidelity National Information Services Price Performance

FIS stock opened at $37.34 on Wednesday. The stock has a 50-day moving average price of $41.69 and a two-hundred day moving average price of $43.66. The stock has a market cap of $19.30 billion, a PE ratio of 5.74, a price-to-earnings-growth ratio of 0.40 and a beta of 0.79. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.96. Fidelity National Information Services, Inc. has a 1 year low of $37.28 and a 1 year high of $69.14.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The information technology services provider reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.01. The firm had revenue of $3.38 billion for the quarter, compared to the consensus estimate of $3.38 billion. Fidelity National Information Services had a return on equity of 20.95% and a net margin of 27.64%.The company's revenue for the quarter was up 29.1% on a year-over-year basis. During the same quarter last year, the business posted $1.36 EPS. Fidelity National Information Services has set its FY 2026 guidance at 6.150-6.240 EPS and its Q3 2026 guidance at 1.580-1.620 EPS. Equities analysts forecast that Fidelity National Information Services, Inc. will post 6.19 EPS for the current fiscal year.

Fidelity National Information Services Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 11th will be given a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date of this dividend is Friday, September 11th. Fidelity National Information Services's dividend payout ratio (DPR) is currently 27.04%.

Fidelity National Information Services Profile

Fidelity National Information Services, Inc NYSE: FIS is a global financial technology company that provides software, services and technology solutions to banks, credit unions, wealth management firms, capital markets institutions and other financial organizations. Its offerings support core banking, digital banking, payments processing, fraud prevention, risk management, compliance, data analytics and customer engagement.

FIS provides platforms for account processing, transaction processing, lending, treasury management, card and payment operations, and investment management.

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