Fidelity National Information Services, Inc. $FIS Shares Sold by MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH

Key Points

• MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH drastically reduced its holdings in Fidelity National Information Services, cutting them by 80.8% to 29,242 shares.
• Fidelity National Information Services reported a revenue increase of 5.1% year-over-year, with earnings per share meeting analyst expectations at $1.36.
• Several brokerages have recently adjusted their target prices for the stock, with an average target of $91.17 and a rating of "Moderate Buy" among analysts.

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH cut its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 80.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 29,242 shares of the information technology services provider's stock after selling 122,774 shares during the quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH's holdings in Fidelity National Information Services were worth $2,381,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sierra Ocean LLC boosted its position in shares of Fidelity National Information Services by 356.0% in the first 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 increased its position in Fidelity National Information Services by 118.8% during the first quarter. YANKCOM Partnership now owns 350 shares of the information technology services provider's stock worth $26,000 after purchasing an additional 190 shares during the last quarter. Meeder Asset Management Inc. raised its stake in Fidelity National Information Services by 92.1% during the first quarter. Meeder Asset Management Inc. now owns 342 shares of the information technology services provider's stock worth $26,000 after purchasing an additional 164 shares during the period. Hazlett Burt & Watson Inc. boosted its holdings in shares of Fidelity National Information Services by 179.9% in the 1st quarter. Hazlett Burt & Watson Inc. now owns 389 shares of the information technology services provider's stock valued at $29,000 after purchasing an additional 250 shares during the last quarter. Finally, Kennebec Savings Bank grew its stake in shares of 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 period. Hedge funds and other institutional investors own 96.23% of the company's stock.

Analyst Ratings Changes

Several brokerages recently weighed in on FIS. UBS Group cut their target price on Fidelity National Information Services from $84.00 to $82.00 and set a "neutral" rating on the stock in a research report on Wednesday, August 6th. Truist Financial raised their price objective 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. Keefe, Bruyette & Woods decreased their target price on 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. Susquehanna cut their price target on shares of Fidelity National Information Services from $81.00 to $77.00 and set a "neutral" rating on the stock in a report on Friday, September 12th. Finally, Robert W. Baird lifted 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 research report on Wednesday, July 16th. Twelve 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. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $91.17.

Fidelity National Information Services Stock Down 0.6%

NYSE FIS opened at $63.77 on Friday. 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 fifty-two week low of $63.00 and a fifty-two week high of $91.98. The business has a 50 day moving average price of $71.55 and a two-hundred day moving average price of $75.26. The stock has a market cap of $33.31 billion, a PE ratio of 354.32 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 EPS for the quarter, hitting analysts' consensus estimates of $1.36. The business had revenue of $2.62 billion for 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 business's revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period in the previous year, the company 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. As a group, sell-side analysts predict that Fidelity National Information Services, Inc. will post 5.74 EPS for the current fiscal year.

Fidelity National Information Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 24th. Stockholders of record on Wednesday, September 10th were paid a dividend of $0.40 per share. The ex-dividend date was Wednesday, September 10th. This represents a $1.60 annualized dividend and a dividend yield of 2.5%. Fidelity National Information Services's dividend payout ratio (DPR) is currently 888.89%.

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.

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