Alliancebernstein L.P. Sells 23,394 Shares of Fidelity National Information Services, Inc. $FIS

Alliancebernstein L.P. reduced its position in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 3.5% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 642,438 shares of the information technology services provider's stock after selling 23,394 shares during the period. Alliancebernstein L.P. owned about 0.12% of Fidelity National Information Services worth $47,977,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in FIS. Baupost Group LLC MA purchased a new position in Fidelity National Information Services in the 1st quarter worth approximately $260,853,000. Nuveen LLC purchased a new position in Fidelity National Information Services in the 1st quarter worth approximately $187,514,000. Invesco Ltd. raised its holdings in Fidelity National Information Services by 22.9% in the 1st quarter. Invesco Ltd. now owns 9,304,011 shares of the information technology services provider's stock worth $694,824,000 after acquiring an additional 1,730,878 shares during the last quarter. Hotchkis & Wiley Capital Management LLC raised its holdings in Fidelity National Information Services by 17.4% in the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 6,666,499 shares of the information technology services provider's stock worth $497,854,000 after acquiring an additional 986,646 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in Fidelity National Information Services by 6,171.5% in the 1st quarter. GAMMA Investing LLC now owns 829,844 shares of the information technology services provider's stock worth $61,973,000 after acquiring an additional 816,612 shares during the last quarter. 96.23% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Keefe, Bruyette & Woods decreased their price objective 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. Truist Financial boosted their target price on shares of Fidelity National Information Services from $84.00 to $85.00 and gave the company a "hold" rating in a research note on Thursday, July 17th. Robert W. Baird boosted their target price on shares of Fidelity National Information Services from $82.00 to $86.00 and gave the company a "neutral" rating in a research note on Wednesday, July 16th. Finally, UBS Group decreased their target price 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. Thirteen investment 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. According to MarketBeat, Fidelity National Information Services presently has an average rating of "Moderate Buy" and a consensus price target of $91.63.

Fidelity National Information Services Stock Performance

Shares of NYSE:FIS traded up $1.18 during midday trading on Thursday, hitting $67.55. The company had a trading volume of 4,810,351 shares, compared to its average volume of 3,664,656. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.59 and a quick ratio of 0.59. The company has a market cap of $35.28 billion, a price-to-earnings ratio of 375.56 and a beta of 1.05. Fidelity National Information Services, Inc. has a 12-month low of $65.82 and a 12-month high of $91.98. The company has a fifty day moving average of $74.74 and a two-hundred day moving average of $75.61.

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 EPS for the quarter, hitting the consensus estimate of $1.36. The firm had revenue of $2.62 billion during the quarter, compared to analyst estimates of $2.57 billion. Fidelity National Information Services had a return on equity of 18.73% and a net margin of 1.09%.Fidelity National Information Services's revenue was up 5.1% on a year-over-year basis. During the same period in the prior year, the business 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. On average, equities research 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. Investors of record on Wednesday, September 10th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a $1.60 annualized dividend and a yield of 2.4%. Fidelity National Information Services's dividend payout ratio is currently 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.