Fidelity National Information Services, Inc. $FIS Shares Sold by Assenagon Asset Management S.A.

Key Points

• Assenagon Asset Management cut its FIS stake by 95.8% in the third quarter, selling 281,174 shares and retaining 12,386 shares worth approximately $407,000. Institutional investors and hedge funds collectively own 96.23% of FIS.
• Analyst sentiment remains cautious, with a consensus “Hold” rating and an average price target of $49.04; several firms recently lowered targets, while Weiss Ratings downgraded the stock to “Sell.”
• FIS reported quarterly earnings of $1.48 per share, slightly above expectations, on $3.38 billion in revenue, while maintaining a quarterly dividend of $0.44 per share, equivalent to a 4.7% annualized yield.

Assenagon Asset Management S.A. trimmed its stake in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 95.8% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 12,386 shares of the information technology services provider's stock after selling 281,174 shares during the quarter. Assenagon Asset Management S.A.'s holdings in Fidelity National Information Services were worth $407,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of FIS. MBM Wealth Consultants LLC acquired a new stake in Fidelity National Information Services during the 1st quarter valued at $33,000. Bank & Trust Co acquired a new stake in shares of Fidelity National Information Services in the third quarter worth $51,000. N.E.W. Advisory Services LLC acquired a new stake in shares of Fidelity National Information Services in the second quarter worth $58,000. Rexford Capital Inc. grew its holdings in shares of Fidelity National Information Services by 16.1% during the first quarter. Rexford Capital Inc. now owns 1,656 shares of the information technology services provider's stock valued at $78,000 after buying an additional 230 shares in the last quarter. Finally, New England Capital Financial Advisors LLC raised its position in Fidelity National Information Services by 21.8% during the first quarter. New England Capital Financial Advisors LLC now owns 1,692 shares of the information technology services provider's stock valued at $79,000 after buying an additional 303 shares during the period. 96.23% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently issued reports on FIS. Stephens reissued an "equal weight" rating and issued a $50.00 price objective on shares of Fidelity National Information Services in a research note on Tuesday, August 11th. Deutsche Bank Aktiengesellschaft lowered their target price on Fidelity National Information Services from $45.00 to $40.00 and set a "hold" rating on the stock in a research note on Tuesday, September 29th. UBS Group reiterated a "neutral" rating on shares of Fidelity National Information Services in a report on Monday, September 21st. Wells Fargo & Company restated an "equal weight" rating and set a $46.00 price target (down from $58.00) on shares of Fidelity National Information Services in a report on Tuesday, August 25th. Finally, Weiss Ratings downgraded shares of Fidelity National Information Services from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Thursday, September 10th. Eleven investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $49.04.

Fidelity National Information Services Stock Performance

Fidelity National Information Services stock opened at $37.53 on Friday. Fidelity National Information Services, Inc. has a 12-month low of $32.10 and a 12-month high of $68.98. The stock has a 50-day simple moving average of $37.40 and a 200 day simple moving average of $40.93. The stock has a market capitalization of $19.40 billion, a price-to-earnings ratio of 5.77, a P/E/G ratio of 0.45 and a beta of 0.81. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.96.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The information technology services provider reported $1.48 earnings per share for the quarter, topping analysts' consensus estimates of $1.47 by $0.01. The business had revenue of $3.38 billion during the quarter, compared to the consensus estimate of $3.38 billion. Fidelity National Information Services had a net margin of 27.64% and a return on equity of 20.95%. Fidelity National Information Services's revenue for the quarter was up 29.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.36 earnings per share. 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. On average, research analysts anticipate that Fidelity National Information Services, Inc. will post 6.20 earnings per share for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Friday, September 11th were paid a $0.44 dividend. The ex-dividend date was Friday, September 11th. This represents a $1.76 annualized dividend and a yield of 4.7%. Fidelity National Information Services's payout ratio is 27.04%.

Insider Transactions at Fidelity National Information Services

In related news, Director Jeffrey Goldstein purchased 1,585 shares of the firm's stock in a transaction that occurred on Thursday, October 15th. The shares were bought at an average price of $36.40 per share, for a total transaction of $57,694.00. Following the completion of the transaction, the director owned 18,697 shares of the company's stock, valued at approximately $680,570.80. This trade represents a 9.26% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.28% of the stock is owned by corporate insiders.

Fidelity National Information Services Profile

Fidelity National Information Services, Inc NYSE: FIS is a global financial technology company that provides software, services and technology infrastructure to banks, financial institutions, merchants and other businesses. Its solutions are designed to support transaction processing, digital banking, payments, risk management and other essential financial operations.

FIS offers core banking and digital banking platforms, card and payment processing services, fraud and financial crime prevention tools, and technologies that help financial institutions manage accounts, lending and other banking activities.

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