Fjarde AP Fonden Fourth Swedish National Pension Fund Cuts Holdings in Fidelity National Information Services, Inc. $FIS

Key Points

• The Fjarde AP Fonden Fourth Swedish National Pension Fund has reduced its stake in Fidelity National Information Services by 13.7%, holding $6.41 million worth of shares as of the latest SEC filing.
• Fidelity National Information Services reported earnings of $1.36 per share, meeting analyst expectations, while revenue for the quarter grew 5.1% year-over-year to $2.62 billion.
• The firm announced a quarterly dividend of $0.40 per share, yielding 2.3%, with a high dividend payout ratio of 888.89%.

Fjarde AP Fonden Fourth Swedish National Pension Fund decreased its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 13.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 85,817 shares of the information technology services provider's stock after selling 13,600 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund's holdings in Fidelity National Information Services were worth $6,409,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of FIS. Sierra Ocean LLC raised its position in 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 purchasing an additional 267 shares during the last quarter. YANKCOM Partnership raised 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 worth $26,000 after acquiring an additional 190 shares in the last quarter. Meeder Asset Management Inc. raised its position in shares of Fidelity National Information Services by 92.1% in the 1st 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 in the last quarter. Hazlett Burt & Watson Inc. raised its position 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 worth $29,000 after acquiring an additional 250 shares in the last quarter. Finally, Kennebec Savings Bank raised its position in shares of Fidelity National Information Services by 71.3% in the 1st quarter. Kennebec Savings Bank now owns 447 shares of the information technology services provider's stock worth $33,000 after acquiring an additional 186 shares in the last quarter. Institutional investors own 96.23% of the company's stock.

Fidelity National Information Services Stock Down 0.6%

Shares of Fidelity National Information Services stock traded down $0.4340 during midday trading on Tuesday, hitting $69.2960. The company had a trading volume of 3,623,745 shares, compared to its average volume of 3,626,358. 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 market capitalization of $36.20 billion, a P/E ratio of 385.00 and a beta of 1.04. The company has a 50 day moving average of $78.66 and a 200 day moving average of $76.30. Fidelity National Information Services, Inc. has a 52-week low of $66.51 and a 52-week high of $91.98.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last posted its quarterly earnings results 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 for the quarter, compared to the consensus estimate 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 quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter in the prior year, the business 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, equities analysts predict that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current fiscal year.

Fidelity National Information Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 24th. Shareholders of record on Wednesday, September 10th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.3%. The ex-dividend date is Wednesday, September 10th. Fidelity National Information Services's dividend payout ratio (DPR) is currently 888.89%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on FIS shares. Royal Bank Of Canada decreased their target price on Fidelity National Information Services from $95.00 to $93.00 and set an "outperform" rating for the company in a research report on Wednesday, May 7th. Stephens increased their target price on Fidelity National Information Services from $90.00 to $100.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 7th. TD Cowen raised Fidelity National Information Services from a "hold" rating to a "buy" rating and set a $92.00 target price for the company in a research report on Monday, April 21st. 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. Finally, 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 research note on Wednesday, August 6th. Thirteen research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Fidelity National Information Services has an average rating of "Moderate Buy" and a consensus target price of $91.63.

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.