Baird Financial Group Inc. Sells 26,219 Shares of Fidelity National Information Services, Inc. $FIS

Key Points

• Baird Financial Group Inc. has reduced its stake in Fidelity National Information Services by 3.4%, now owning approximately 0.14% of the company valued at about $54.86 million.
• Fidelity National Information Services reported a quarterly revenue of $2.62 billion, exceeding analysts' expectations, and maintained an EPS of $1.36.
• Analysts have adjusted their price targets for Fidelity National Information Services, with a consensus rating of "Moderate Buy" and an average target price of $91.63.

Baird Financial Group Inc. lowered its holdings in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 3.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 734,569 shares of the information technology services provider's stock after selling 26,219 shares during the quarter. Baird Financial Group Inc. owned 0.14% of Fidelity National Information Services worth $54,858,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of FIS. Palogic Value Management L.P. raised its stake in shares of Fidelity National Information Services by 8.5% during the first quarter. Palogic Value Management L.P. now owns 3,515 shares of the information technology services provider's stock worth $262,000 after buying an additional 276 shares during the last quarter. Vident Advisory LLC lifted its position in Fidelity National Information Services by 254.6% in the 1st quarter. Vident Advisory LLC now owns 31,686 shares of the information technology services provider's stock valued at $2,366,000 after acquiring an additional 22,750 shares in the last quarter. Kodai Capital Management LP acquired a new stake in shares of Fidelity National Information Services in the first quarter valued at approximately $9,142,000. Canada Pension Plan Investment Board boosted its stake in shares of Fidelity National Information Services by 32.3% during the 1st quarter. Canada Pension Plan Investment Board now owns 445,696 shares of the information technology services provider's stock worth $33,285,000 after buying an additional 108,933 shares during the last quarter. Finally, State of Wyoming raised its stake in shares of Fidelity National Information Services by 19.4% during the 1st quarter. State of Wyoming now owns 6,821 shares of the information technology services provider's stock worth $509,000 after purchasing an additional 1,108 shares in the last quarter. Institutional investors and hedge funds own 96.23% of the company's stock.

Fidelity National Information Services Stock Performance

FIS stock traded down $0.11 during midday trading on Wednesday, reaching $68.20. 2,608,987 shares of the company's stock traded hands, compared to its average volume of 3,612,778. Fidelity National Information Services, Inc. has a 52 week low of $66.51 and a 52 week high of $91.98. The company has a 50-day moving average price of $76.29 and a two-hundred day moving average price of $75.70. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.59 and a current ratio of 0.59. The firm has a market capitalization of $35.63 billion, a PE ratio of 378.93 and a beta of 1.05.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last posted its earnings results on Tuesday, August 5th. The information technology services provider reported $1.36 earnings per share 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 business had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.57 billion. During the same quarter in the prior year, the firm posted $1.36 EPS. Fidelity National Information Services's revenue was up 5.1% on a year-over-year basis. 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. As a group, equities analysts anticipate that Fidelity National Information Services, Inc. will post 5.74 EPS for the current year.

Fidelity National Information Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 24th. Shareholders of record on Wednesday, September 10th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Wednesday, September 10th. Fidelity National Information Services's dividend payout ratio (DPR) is presently 888.89%.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Royal Bank Of Canada reduced their target price on shares of Fidelity National Information Services from $95.00 to $93.00 and set an "outperform" rating for the company in a report on Wednesday, May 7th. UBS Group dropped 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 report on Wednesday, August 6th. Stephens lifted their target price 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. Truist Financial increased their price target on Fidelity National Information Services from $84.00 to $85.00 and gave the stock a "hold" rating in a report on Thursday, July 17th. Finally, Keefe, Bruyette & Woods reduced their price target 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. Thirteen investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $91.63.

Fidelity National Information Services 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.