BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Cuts Stake in Fidelity National Information Services, Inc. $FIS

Key Points

• BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp has reduced its stake in Fidelity National Information Services by 65.1%, selling 192,134 shares during the first quarter.
• The company announced a quarterly dividend of $0.40, resulting in an annualized dividend of $1.60 and a yield of 2.2%.
• FIS reported a revenue of $2.62 billion for the last quarter, surpassing analyst expectations of $2.57 billion, with a quarterly EPS of $1.36.

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp trimmed its holdings in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 65.1% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 102,961 shares of the information technology services provider's stock after selling 192,134 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp's holdings in Fidelity National Information Services were worth $7,689,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Sierra Ocean LLC lifted its holdings in shares of Fidelity National Information Services by 356.0% in the 1st quarter. Sierra Ocean LLC now owns 342 shares of the information technology services provider's stock worth $26,000 after acquiring an additional 267 shares during the last quarter. YANKCOM Partnership raised its holdings in 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 buying an additional 190 shares during the last quarter. Meeder Asset Management Inc. raised its holdings in 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 buying an additional 164 shares during the last quarter. Hazlett Burt & Watson Inc. raised its holdings in 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 buying an additional 250 shares during the last quarter. Finally, Kennebec Savings Bank raised its holdings in 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 buying an additional 186 shares during the last quarter. 96.23% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

FIS has been the subject of a number of recent analyst reports. UBS Group lowered their price target 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. Robert W. Baird upped their price target on shares of Fidelity National Information Services from $82.00 to $86.00 and gave the company a "neutral" rating in a report on Wednesday, July 16th. Truist Financial upped 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. Stephens upped their price target on shares of Fidelity National Information Services from $90.00 to $100.00 and gave the company an "overweight" rating in a report on Wednesday, May 7th. Finally, Royal Bank Of Canada reduced 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 research report on Wednesday, May 7th. Thirteen research 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. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $91.63.

Fidelity National Information Services Stock Down 0.0%

Shares of NYSE:FIS traded down $0.02 during midday trading on Thursday, reaching $69.74. The company's stock had a trading volume of 2,895,798 shares, compared to its average volume of 3,614,137. The firm has a 50 day moving average of $77.20 and a 200-day moving average of $75.80. The firm has a market capitalization of $36.43 billion, a P/E ratio of 387.44 and a beta of 1.04. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.63. Fidelity National Information Services, Inc. has a 12-month low of $66.51 and a 12-month 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 earnings per share for the quarter, hitting analysts' consensus estimates of $1.36. The firm had revenue of $2.62 billion for the quarter, compared to the consensus estimate 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 revenue was up 5.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $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, research analysts anticipate that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current year.

Fidelity National Information Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 24th. Stockholders of record on Wednesday, September 10th will be given a $0.40 dividend. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.3%. 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.