The Manufacturers Life Insurance Company Sells 1,316,243 Shares of Fidelity National Information Services, Inc. $FIS

Key Points

• The Manufacturers Life Insurance Company reduced its stake in Fidelity National Information Services, Inc. by 31.1%, selling over 1.3 million shares, leaving it with approximately 2.9 million shares valued at $218.19 million.
• Fidelity National Information Services reported quarterly earnings of $1.36 EPS, meeting analysts' expectations, with a 5.1% year-over-year revenue growth to $2.62 billion.
• The company has announced a quarterly dividend of $0.40 per share, indicating an annualized dividend of $1.60 with a yield of 2.3%, to be paid on September 24th.

The Manufacturers Life Insurance Company reduced its position in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 31.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,921,660 shares of the information technology services provider's stock after selling 1,316,243 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.56% of Fidelity National Information Services worth $218,190,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Sierra Ocean LLC lifted its stake in shares of Fidelity National Information Services by 356.0% during the 1st quarter. Sierra Ocean LLC now owns 342 shares of the information technology services provider's stock valued at $26,000 after buying an additional 267 shares in the last quarter. YANKCOM Partnership lifted its stake in shares of 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 in the last quarter. Meeder Asset Management Inc. lifted its stake in shares of 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 in the last quarter. Hazlett Burt & Watson Inc. lifted its stake in shares of 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 in the last quarter. Finally, Kennebec Savings Bank lifted 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 in the last quarter. Hedge funds and other institutional investors own 96.23% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on FIS shares. Truist Financial lifted their target price on shares of Fidelity National Information Services from $84.00 to $85.00 and gave the company a "hold" rating in a research note on Thursday, July 17th. Robert W. Baird boosted their price target on shares of 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. UBS Group decreased their price target on shares of Fidelity National Information Services from $84.00 to $82.00 and set a "neutral" rating on the stock in a research note on Wednesday, August 6th. Royal Bank Of Canada decreased their price target on shares of Fidelity National Information Services from $95.00 to $93.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 7th. Finally, Stephens boosted their price target on shares of Fidelity National Information Services from $90.00 to $100.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 7th. Thirteen 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's stock. Based on data from MarketBeat.com, Fidelity National Information Services presently has a consensus rating of "Moderate Buy" and a consensus price target of $91.63.

Fidelity National Information Services Price Performance

Shares of Fidelity National Information Services stock traded down $0.50 during trading hours on Wednesday, reaching $67.82. The company's stock had a trading volume of 834,736 shares, compared to its average volume of 3,601,713. The firm has a 50 day moving average price of $76.29 and a 200-day moving average price of $75.70. Fidelity National Information Services, Inc. has a one year low of $66.51 and a one year high of $91.98. 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 $35.43 billion, a P/E ratio of 376.52 and a beta of 1.05.

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

Fidelity National Information Services Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 24th. Investors of record on Wednesday, September 10th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.4%. The ex-dividend date is Wednesday, September 10th. Fidelity National Information Services's dividend payout ratio is presently 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.