Financiere des Professionnels Fonds d investissement inc. Trims Position in Fidelity National Information Services, Inc. $FIS

Key Points

• Financiere des Professionnels Fonds d investissement inc. reduced its holdings in Fidelity National Information Services by 11.6% in Q2 2023, owning 87,730 shares worth approximately $7.14 million after selling 11,492 shares.
• Fidelity National Information Services has received a consensus rating of "Moderate Buy" from analysts, with a target price averaging $91.39.
• The company declared a $0.40 quarterly dividend with an annualized yield of 2.4%, which will be paid on September 24th, 2023.

Financiere des Professionnels Fonds d investissement inc. lowered its stake in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 11.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 87,730 shares of the information technology services provider's stock after selling 11,492 shares during the quarter. Financiere des Professionnels Fonds d investissement inc.'s holdings in Fidelity National Information Services were worth $7,142,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of FIS. Monetary Management Group Inc. lifted its stake in shares of Fidelity National Information Services by 2.8% during the 1st quarter. Monetary Management Group Inc. now owns 4,960 shares of the information technology services provider's stock worth $370,000 after acquiring an additional 135 shares during the last quarter. Phoenix Wealth Advisors increased its holdings in Fidelity National Information Services by 0.4% during the 1st quarter. Phoenix Wealth Advisors now owns 30,861 shares of the information technology services provider's stock worth $2,305,000 after purchasing an additional 135 shares during the period. Retirement Wealth Solutions LLC increased its holdings in Fidelity National Information Services by 3.7% during the 1st quarter. Retirement Wealth Solutions LLC now owns 4,140 shares of the information technology services provider's stock worth $309,000 after purchasing an additional 146 shares during the period. Stonebrook Private Inc. increased its holdings in Fidelity National Information Services by 0.6% during the 1st quarter. Stonebrook Private Inc. now owns 24,424 shares of the information technology services provider's stock worth $1,824,000 after purchasing an additional 146 shares during the period. Finally, Integrated Advisors Network LLC increased its holdings in Fidelity National Information Services by 4.7% during the 1st quarter. Integrated Advisors Network LLC now owns 3,284 shares of the information technology services provider's stock worth $245,000 after purchasing an additional 147 shares during the period. Hedge funds and other institutional investors own 96.23% of the company's stock.

Fidelity National Information Services Price Performance

Shares of FIS stock traded down $1.13 during trading hours on Friday, reaching $65.11. The company had a trading volume of 6,951,504 shares, compared to its average volume of 3,967,294. 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 stock has a fifty day moving average of $72.81 and a 200-day moving average of $75.48. The company has a market capitalization of $34.01 billion, a price-to-earnings ratio of 361.73 and a beta of 1.05. Fidelity National Information Services, Inc. has a 12-month low of $65.03 and a 12-month high of $91.98.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The information technology services provider reported $1.36 earnings per share for the quarter, hitting the consensus estimate of $1.36. The company 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%.The firm's revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period in the prior year, the business posted $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. On average, equities analysts anticipate that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current year.

Fidelity National Information Services Announces Dividend

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 paid a $0.40 dividend. The ex-dividend date is Wednesday, September 10th. This represents a $1.60 dividend on an annualized basis and a yield of 2.5%. Fidelity National Information Services's dividend payout ratio (DPR) is currently 888.89%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. UBS Group cut their price target on Fidelity National Information Services from $84.00 to $82.00 and set a "neutral" rating on the stock in a report on Wednesday, August 6th. Truist Financial boosted their target price on Fidelity National Information Services from $84.00 to $85.00 and gave the stock a "hold" rating in a research note on Thursday, July 17th. Susquehanna dropped their target price on Fidelity National Information Services from $81.00 to $77.00 and set a "neutral" rating on the stock in a research note on Friday, September 12th. Robert W. Baird boosted their target price on Fidelity National Information Services from $82.00 to $86.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 16th. Finally, Keefe, Bruyette & Woods dropped their target price on Fidelity National Information Services from $92.00 to $88.00 and set an "outperform" rating on the stock in a research note on Wednesday, August 6th. Twelve equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $91.17.

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.