Generali Asset Management SPA SGR Sells 4,171 Shares of Fidelity National Information Services, Inc. $FIS

Key Points

• Generali Asset Management SPA SGR has reduced its holdings in Fidelity National Information Services by 16.5%, selling 4,171 shares and now owning 21,097 shares valued at approximately $1.72 million.
• Fidelity National Information Services' most recent earnings report revealed an EPS of $1.36, meeting expectations, with a revenue increase of 5.1% year-over-year.
• The company recently declared a quarterly dividend of $0.40, representing a 2.4% yield and highlighting a high dividend payout ratio of 888.89%.

Generali Asset Management SPA SGR decreased its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 16.5% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,097 shares of the information technology services provider's stock after selling 4,171 shares during the period. Generali Asset Management SPA SGR's holdings in Fidelity National Information Services were worth $1,718,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Cullen Investment Group LTD. raised its holdings in shares of Fidelity National Information Services by 10.4% during the 2nd quarter. Cullen Investment Group LTD. now owns 58,464 shares of the information technology services provider's stock valued at $4,760,000 after buying an additional 5,521 shares in the last quarter. Oppenheimer & Co. Inc. purchased a new position in shares of Fidelity National Information Services during the first quarter worth approximately $276,000. Brown Advisory Inc. lifted its holdings in shares of Fidelity National Information Services by 16.7% in the 1st quarter. Brown Advisory Inc. now owns 329,325 shares of the information technology services provider's stock worth $24,594,000 after acquiring an additional 47,086 shares during the last quarter. Compass Wealth Management LLC boosted its stake in shares of Fidelity National Information Services by 13.5% in the 1st quarter. Compass Wealth Management LLC now owns 77,794 shares of the information technology services provider's stock valued at $5,810,000 after purchasing an additional 9,251 shares in the last quarter. Finally, Brighton Jones LLC bought a new position in shares of Fidelity National Information Services during the 4th quarter valued at $347,000. 96.23% of the stock is currently owned by hedge funds and other institutional investors.

Fidelity National Information Services Stock Up 1.8%

Shares of NYSE:FIS opened at $66.96 on Friday. The stock's 50-day moving average is $67.92 and its 200 day moving average is $74.58. The company has a market cap of $34.98 billion, a PE ratio of 372.04 and a beta of 1.05. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.59 and a quick ratio of 0.59. Fidelity National Information Services, Inc. has a 1 year low of $63.00 and a 1 year high of $91.98.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last released its quarterly earnings data 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. 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 during the quarter, compared to analysts' expectations of $2.57 billion. During the same quarter last year, the business posted $1.36 EPS. The business's revenue was up 5.1% on a year-over-year basis. 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. Sell-side analysts anticipate that Fidelity National Information Services, Inc. will post 5.74 EPS for the current year.

Fidelity National Information Services Dividend Announcement

The business also recently disclosed 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 was Wednesday, September 10th. This represents a $1.60 annualized dividend and a yield of 2.4%. Fidelity National Information Services's dividend payout ratio is 888.89%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented 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 stock a "hold" rating in a research report on Thursday, July 17th. Robert W. Baird boosted their target price on Fidelity National Information Services from $82.00 to $86.00 and gave the company a "neutral" rating in a research note on Wednesday, July 16th. Susquehanna reduced their price target on Fidelity National Information Services from $81.00 to $77.00 and set a "neutral" rating on the stock in a research report on Friday, September 12th. UBS Group raised Fidelity National Information Services from a "neutral" rating to a "buy" rating and set a $82.00 price target on the stock in a research note on Tuesday, September 30th. Finally, Keefe, Bruyette & Woods dropped their price objective on Fidelity National Information Services from $88.00 to $85.00 and set an "outperform" rating for the company in a research note on Wednesday, October 1st. Thirteen research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, Fidelity National Information Services currently has an average rating of "Moderate Buy" and a consensus target price of $91.06.

Insider Activity at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein bought 889 shares of the company's stock in a transaction dated Wednesday, October 15th. The stock was purchased at an average cost of $67.66 per share, with a total value of $60,149.74. Following the transaction, the director owned 13,588 shares in the company, valued at approximately $919,364.08. This trade represents a 7.00% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.21% of the company's stock.

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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