Fluent Financial LLC Sells 4,249 Shares of Fidelity National Information Services, Inc. $FIS

Key Points

• Fluent Financial LLC has sold 4,249 shares of Fidelity National Information Services, reducing its ownership by 7.4% during Q2, which now represents 1.8% of its investment portfolio.
• Fidelity National Information Services reported $1.36 EPS, meeting consensus estimates, and its quarterly revenue grew by 5.1% year-over-year to $2.62 billion.
• The company announced a quarterly dividend of $0.40 per share, resulting in an annualized payout of $1.60 and a yield of 2.3%.

Fluent Financial LLC decreased its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 7.4% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 53,538 shares of the information technology services provider's stock after selling 4,249 shares during the period. Fidelity National Information Services accounts for 1.8% of Fluent Financial LLC's investment portfolio, making the stock its 16th largest position. Fluent Financial LLC's holdings in Fidelity National Information Services were worth $4,359,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the stock. Dodge & Cox lifted its holdings in Fidelity National Information Services by 1.4% during the 1st quarter. Dodge & Cox now owns 34,808,298 shares of the information technology services provider's stock worth $2,599,484,000 after purchasing an additional 480,771 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Fidelity National Information Services by 4.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 10,712,794 shares of the information technology services provider's stock valued at $800,032,000 after acquiring an additional 419,199 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Fidelity National Information Services by 0.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 10,126,213 shares of the information technology services provider's stock valued at $755,928,000 after acquiring an additional 31,626 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Fidelity National Information Services by 22.9% in the 1st quarter. Invesco Ltd. now owns 9,304,011 shares of the information technology services provider's stock valued at $694,824,000 after acquiring an additional 1,730,878 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC raised its holdings in shares of Fidelity National Information Services by 17.4% in the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 6,666,499 shares of the information technology services provider's stock valued at $497,854,000 after acquiring an additional 986,646 shares in the last quarter. Hedge funds and other institutional investors own 96.23% of the company's stock.

Fidelity National Information Services Trading Down 0.5%

Fidelity National Information Services stock opened at $68.16 on Thursday. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.63. The business's fifty day simple moving average is $68.93 and its two-hundred day simple moving average is $74.94. Fidelity National Information Services, Inc. has a 12 month low of $63.00 and a 12 month high of $91.98. The company has a market capitalization of $35.61 billion, a price-to-earnings ratio of 378.69 and a beta of 1.05.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last released its 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 the consensus estimate of $2.57 billion. During the same period in the previous year, the company posted $1.36 earnings per share. The company's revenue for the quarter 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. As a group, 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 Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 24th. Shareholders of record on Wednesday, September 10th were issued a $0.40 dividend. The ex-dividend date of this dividend was Wednesday, September 10th. This represents a $1.60 dividend on an annualized basis and a yield of 2.3%. Fidelity National Information Services's dividend payout ratio is currently 888.89%.

Wall Street Analysts Forecast Growth

FIS has been the topic of several recent analyst reports. Robert W. Baird raised their price target on Fidelity National Information Services from $82.00 to $86.00 and gave the company a "neutral" rating in a report on Wednesday, July 16th. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Fidelity National Information Services in a report on Wednesday. Keefe, Bruyette & Woods decreased their price objective on Fidelity National Information Services from $88.00 to $85.00 and set an "outperform" rating on the stock in a report on Wednesday, October 1st. UBS Group raised Fidelity National Information Services from a "neutral" rating to a "buy" rating and set a $82.00 price objective on the stock in a report on Tuesday, September 30th. Finally, Susquehanna decreased their price objective on 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. Thirteen investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $91.00.

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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