Erste Asset Management GmbH Sells 30,000 Shares of Fidelity National Information Services, Inc. $FIS

Key Points

• Erste Asset Management GmbH has significantly reduced its holdings in Fidelity National Information Services, Inc. by 55.7%, leaving them with 23,900 shares valued at $1.76 million.
• The company reported quarterly earnings of $1.36 per share, matching analyst expectations, with revenue up 5.1% year-over-year to $2.62 billion.
• Fidelity National Information Services announced a quarterly dividend of $0.40, with an annualized yield of 2.3%, alongside a high payout ratio of 888.89%.

Erste Asset Management GmbH reduced its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 55.7% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 23,900 shares of the information technology services provider's stock after selling 30,000 shares during the quarter. Erste Asset Management GmbH's holdings in Fidelity National Information Services were worth $1,760,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in FIS. Sierra Ocean LLC boosted its holdings in shares of Fidelity National Information Services by 356.0% during 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 last quarter. YANKCOM Partnership boosted its holdings in shares of 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 valued at $26,000 after acquiring an additional 190 shares during the last quarter. Meeder Asset Management Inc. boosted its holdings in shares of 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 valued at $26,000 after acquiring an additional 164 shares during the last quarter. Hazlett Burt & Watson Inc. boosted its holdings in shares of Fidelity National Information Services by 179.9% during the 1st quarter. Hazlett Burt & Watson Inc. now owns 389 shares of the information technology services provider's stock valued at $29,000 after acquiring an additional 250 shares during the last quarter. Finally, Kennebec Savings Bank boosted its holdings in shares of Fidelity National Information Services by 71.3% during the 1st quarter. Kennebec Savings Bank now owns 447 shares of the information technology services provider's stock valued at $33,000 after acquiring an additional 186 shares during the last quarter. Hedge funds and other institutional investors own 96.23% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Keefe, Bruyette & Woods dropped 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 report on Wednesday, August 6th. Truist Financial raised 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. Royal Bank Of Canada dropped their price objective on shares of Fidelity National Information Services from $95.00 to $93.00 and set an "outperform" rating on the stock in a report on Wednesday, May 7th. Robert W. Baird raised their price objective on shares of Fidelity National Information Services from $82.00 to $86.00 and gave the stock a "neutral" rating in a report on Wednesday, July 16th. Finally, Stephens raised their price objective on shares of Fidelity National Information Services from $90.00 to $100.00 and gave the stock an "overweight" rating in a report on Wednesday, May 7th. Thirteen analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Fidelity National Information Services currently has an average rating of "Moderate Buy" and a consensus target price of $91.63.

Fidelity National Information Services Stock Performance

NYSE FIS traded down $0.5150 on Monday, reaching $71.2450. 2,389,807 shares of the stock were exchanged, compared to its average volume of 3,613,340. Fidelity National Information Services, Inc. has a one year low of $66.51 and a one year high of $91.98. The firm has a market capitalization of $37.22 billion, a PE ratio of 395.83 and a beta of 1.04. The company's 50-day simple moving average is $77.82 and its two-hundred day simple moving average is $75.97. 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 (NYSE:FIS - Get Free Report) last released its earnings results on Tuesday, August 5th. The information technology services provider reported $1.36 EPS for the quarter, hitting 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 analysts' expectations of $2.57 billion. During the same quarter last year, the business earned $1.36 EPS. 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. Analysts expect 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 announced a quarterly dividend, which will be paid on Wednesday, September 24th. Shareholders of record on Wednesday, September 10th will be paid a dividend of $0.40 per share. The ex-dividend date is Wednesday, September 10th. This represents a $1.60 dividend on an annualized basis and a yield of 2.2%. Fidelity National Information Services's dividend payout ratio (DPR) is presently 888.89%.

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.