Fidelity National Information Services, Inc. $FIS Stock Position Trimmed by Ethic Inc.

Key Points

• Ethic Inc. reduced its stake in Fidelity National Information Services by 10.4%, selling 8,554 shares, leaving it with 73,848 shares valued at approximately $5.5 million.
• Several institutional investors increased their positions, with Aberdeen Group plc boosting its stake by 11.3% and Legal Advantage Investments Inc. by 83.3% in the first quarter.
• Analysts expressed optimism about the company, with multiple firms adjusting their ratings to "buy," resulting in an average target price for the stock of $91.63.

Ethic Inc. trimmed its position in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 10.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 73,848 shares of the information technology services provider's stock after selling 8,554 shares during the quarter. Ethic Inc.'s holdings in Fidelity National Information Services were worth $5,507,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in FIS. Sierra Ocean LLC boosted its position in shares of Fidelity National Information Services by 356.0% during the first 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 during the period. Meeder Asset Management Inc. lifted its holdings 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 purchasing an additional 164 shares during the last quarter. YANKCOM Partnership increased its position 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 valued at $26,000 after acquiring an additional 190 shares during the period. Hazlett Burt & Watson Inc. grew its position 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 worth $29,000 after purchasing an additional 250 shares during the period. Finally, Cary Street Partners Investment Advisory LLC grew its position in 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 institutional investors.

Wall Street Analyst Weigh In

FIS has been the topic of a number of analyst reports. Royal Bank Of Canada dropped their target price on 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. 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. Oppenheimer raised shares of Fidelity National Information Services from a "market perform" rating to an "outperform" rating and set a $94.00 price objective for the company in a research report on Wednesday, April 23rd. UBS Group reduced 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. Finally, Keefe, Bruyette & Woods dropped their price target on Fidelity National Information Services from $92.00 to $88.00 and set an "outperform" rating on the stock in a research report on Wednesday, August 6th. Thirteen equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Fidelity National Information Services presently has an average rating of "Moderate Buy" and an average target price of $91.63.

Fidelity National Information Services Trading Down 0.6%

Shares of FIS stock traded down $0.4340 during mid-day trading on Tuesday, reaching $69.2960. The company's stock had a trading volume of 3,623,745 shares, compared to its average volume of 3,626,358. The company's 50 day simple moving average is $78.66 and its 200-day simple moving average is $76.30. The firm has a market capitalization of $36.20 billion, a PE ratio of 385.00 and a beta of 1.04. Fidelity National Information Services, Inc. has a 12-month low of $66.51 and a 12-month high of $91.98. 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 (NYSE:FIS - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The information technology services provider reported $1.36 earnings per share for the quarter, meeting analysts' consensus estimates of $1.36. The business had revenue of $2.62 billion during the quarter, compared to analyst estimates 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 was up 5.1% on a year-over-year basis. During the same period last year, the business 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 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 declared a quarterly dividend, which will be paid on Wednesday, September 24th. Stockholders of record on Wednesday, September 10th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a $1.60 annualized dividend and a dividend yield of 2.3%. Fidelity National Information Services's payout ratio is 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.