Groupama Asset Managment Sells 7,114 Shares of Fidelity National Information Services, Inc. $FIS

Key Points

• Groupama Asset Management sold 7,114 shares of Fidelity National Information Services, Inc., reducing its stake by 43.5% to a total of 9,233 shares valued at approximately $680,000.
• Several other hedge funds have recently increased their positions in Fidelity, including a 70.3% increase by OneDigital Investment Advisors, indicating growing institutional interest.
• Fidelity National Information Services announced a quarterly dividend of $0.40, representing a dividend yield of 2.3% and a payout ratio of 888.89%.

Groupama Asset Managment cut its holdings in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 43.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,233 shares of the information technology services provider's stock after selling 7,114 shares during the quarter. Groupama Asset Managment's holdings in Fidelity National Information Services were worth $680,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Van Lanschot Kempen Investment Management N.V. purchased a new stake in shares of Fidelity National Information Services in the 1st quarter worth about $31,586,000. BI Asset Management Fondsmaeglerselskab A S grew its position in shares of Fidelity National Information Services by 7.9% in the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 382,766 shares of the information technology services provider's stock worth $28,585,000 after buying an additional 28,140 shares during the period. Texas Capital Bank Wealth Management Services Inc purchased a new stake in shares of Fidelity National Information Services in the 1st quarter worth about $230,000. Bank OZK grew its position in shares of Fidelity National Information Services by 20.1% in the 1st quarter. Bank OZK now owns 25,137 shares of the information technology services provider's stock worth $1,877,000 after buying an additional 4,213 shares during the period. Finally, Fuller & Thaler Asset Management Inc. grew its position in shares of Fidelity National Information Services by 2.4% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 317,584 shares of the information technology services provider's stock worth $23,717,000 after buying an additional 7,393 shares during the period. 96.23% of the stock is owned by hedge funds and other institutional investors.

Fidelity National Information Services Stock Performance

FIS traded down $0.4840 during midday trading on Monday, hitting $71.2760. 1,254,606 shares of the company traded hands, compared to its average volume of 3,605,574. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $37.23 billion, a PE ratio of 395.72 and a beta of 1.04. The company's 50-day moving average is $77.82 and its 200 day moving average is $75.97. 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 earnings results on Tuesday, August 5th. The information technology services provider reported $1.36 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.36. The business had revenue of $2.62 billion for the quarter, compared to analysts' expectations 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 for the quarter was up 5.1% compared to the same quarter last year. During the same quarter in the prior 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 expect that Fidelity National Information Services, Inc. will post 5.74 EPS for the current year.

Fidelity National Information Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 24th. Stockholders of record on Wednesday, September 10th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Wednesday, September 10th. Fidelity National Information Services's dividend payout ratio is 888.89%.

Wall Street Analyst Weigh In

Several brokerages recently commented on FIS. Truist Financial increased their price objective on shares of Fidelity National Information Services from $84.00 to $85.00 and gave the company a "hold" rating in a research report on Thursday, July 17th. Keefe, Bruyette & Woods cut their price objective on shares of 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. Stephens increased their price objective on shares of Fidelity National Information Services from $90.00 to $100.00 and gave the company an "overweight" rating in a research report on Wednesday, May 7th. Royal Bank Of Canada cut their price objective on shares of 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. Finally, UBS Group cut their price objective on shares of Fidelity National Information Services from $84.00 to $82.00 and set a "neutral" 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 issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Fidelity National Information Services has an average rating of "Moderate Buy" and an average price target of $91.63.

Fidelity National Information Services 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.