Fidelity National Information Services, Inc. $FIS Shares Sold by Rafferty Asset Management LLC

Key Points

• Rafferty Asset Management LLC reduced its stake in Fidelity National Information Services by 8.6%, now holding 173,656 shares valued at approximately $12.97 million.
• Fidelity National Information Services has received positive analyst forecasts, with a consensus price target of $91.63 and an average rating of "Moderate Buy" among 21 analysts.
• The company recently declared a quarterly dividend of $0.40 per share, amounting to an annualized dividend yield of 2.3%.

Rafferty Asset Management LLC lowered its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 8.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 173,656 shares of the information technology services provider's stock after selling 16,279 shares during the period. Rafferty Asset Management LLC's holdings in Fidelity National Information Services were worth $12,969,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in FIS. Sierra Ocean LLC raised its position 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 buying an additional 267 shares during the period. Meeder Asset Management Inc. increased 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 acquiring an additional 164 shares during the last quarter. YANKCOM Partnership raised its holdings in shares of Fidelity National Information Services by 118.8% in the 1st 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 period. Hazlett Burt & Watson Inc. lifted its stake 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 in the last quarter. Finally, Cary Street Partners Investment Advisory LLC grew its holdings in shares of Fidelity National Information Services by 100.5% during the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 445 shares of the information technology services provider's stock worth $33,000 after purchasing an additional 223 shares during the period. 96.23% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on FIS. Stephens raised 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. Robert W. Baird lifted their target price 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. UBS Group decreased 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 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 company a "hold" rating in a research report on Thursday, July 17th. Finally, 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 research report on Wednesday, August 6th. Thirteen research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $91.63.

Fidelity National Information Services Stock Performance

NYSE:FIS opened at $69.85 on Thursday. The firm has a 50-day moving average of $77.20 and a two-hundred day moving average of $75.80. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.59 and a quick ratio of 0.59. The stock has a market cap of $36.49 billion, a P/E ratio of 388.09 and a beta of 1.04. Fidelity National Information Services, Inc. has a 1-year low of $66.51 and a 1-year high of $91.98.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The information technology services provider reported $1.36 EPS for the quarter, hitting the consensus estimate of $1.36. Fidelity National Information Services had a return on equity of 18.73% and a net margin of 1.09%.The business had revenue of $2.62 billion for the quarter, compared to analysts' expectations of $2.57 billion. During the same quarter in the previous year, the firm posted $1.36 earnings per share. The company's revenue was up 5.1% compared to the same quarter last year. 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 expect that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 24th. Stockholders of record on Wednesday, September 10th will be given a dividend of $0.40 per share. 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 (DPR) is presently 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.

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