Ameriprise Financial Inc. Reduces Position in Fidelity National Information Services, Inc. $FIS

Key Points

• Ameriprise Financial Inc. has reduced its stake in Fidelity National Information Services by 3.4%, holding approximately 1.33 million shares valued at $99.33 million.
• Fidelity National Information Services reported a net revenue of $2.62 billion for the last quarter, exceeding analyst expectations and maintaining an earnings per share of $1.36.
• The company announced a quarterly dividend of $0.40 to be paid on September 24, representing an annualized yield of 2.2% with a high payout ratio of 888.89%.

Ameriprise Financial Inc. reduced its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 3.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,330,110 shares of the information technology services provider's stock after selling 46,790 shares during the period. Ameriprise Financial Inc. owned approximately 0.25% of Fidelity National Information Services worth $99,333,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in FIS. Nuveen LLC acquired a new position in Fidelity National Information Services during the first quarter valued at $187,514,000. Invesco Ltd. lifted its position in Fidelity National Information Services by 22.9% during the first quarter. Invesco Ltd. now owns 9,304,011 shares of the information technology services provider's stock valued at $694,824,000 after purchasing an additional 1,730,878 shares during the period. Northern Trust Corp lifted its position in 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 purchasing an additional 982,955 shares during the period. GAMMA Investing LLC lifted its position in Fidelity National Information Services by 6,171.5% during the first quarter. GAMMA Investing LLC now owns 829,844 shares of the information technology services provider's stock valued at $61,973,000 after purchasing an additional 816,612 shares during the period. Finally, Wellington Management Group LLP lifted its position in Fidelity National Information Services by 2,291.8% during the first quarter. Wellington Management Group LLP now owns 516,311 shares of the information technology services provider's stock valued at $38,558,000 after purchasing an additional 494,724 shares during the period. 96.23% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on FIS shares. Keefe, Bruyette & Woods decreased 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 report on Wednesday, August 6th. Royal Bank Of Canada decreased their price objective on shares of Fidelity National Information Services from $95.00 to $93.00 and set an "outperform" rating for the company in a research report on Wednesday, May 7th. Robert W. Baird upped 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 research report on Wednesday, July 16th. UBS Group decreased their price objective on shares of Fidelity National Information Services from $84.00 to $82.00 and set a "neutral" rating for the company in a research report on Wednesday, August 6th. Finally, Stephens upped 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 research report on Wednesday, May 7th. Thirteen equities research 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, Fidelity National Information Services currently has an average rating of "Moderate Buy" and a consensus price target of $91.63.

Fidelity National Information Services Price Performance

Shares of FIS stock traded up $0.04 on Friday, reaching $69.79. 4,449,783 shares of the company were exchanged, compared to its average volume of 3,619,201. The company has a market cap of $36.45 billion, a price-to-earnings ratio of 387.72 and a beta of 1.04. The business has a 50-day moving average price of $76.99 and a 200 day moving average price of $75.71. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.59 and a current ratio of 0.59. Fidelity National Information Services, Inc. has a 1 year low of $66.51 and a 1 year high of $91.98.

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. The business had revenue of $2.62 billion during the quarter, compared to analysts' expectations of $2.57 billion. Fidelity National Information Services had a net margin of 1.09% and a return on equity of 18.73%. The company's quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.36 earnings per share. 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 forecast that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 24th. Investors of record on Wednesday, September 10th will be paid 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 currently 888.89%.

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.