Fidelity National Information Services, Inc. $FIS Shares Sold by Ieq Capital LLC

Key Points

• Ieq Capital LLC reduced its stake in Fidelity National Information Services by 61.3%, selling 22,262 shares and now holding 14,052 shares worth $1,049,000.
• Analysts have adjusted their price targets for Fidelity National Information Services, with the consensus price target now at $91.63 and a majority of ratings being "Buy".
• The company announced a quarterly dividend of $0.40 per share, set to be paid on September 24th, with an annual yield of 2.3%.

Ieq Capital LLC reduced its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 61.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,052 shares of the information technology services provider's stock after selling 22,262 shares during the period. Ieq Capital LLC's holdings in Fidelity National Information Services were worth $1,049,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Oppenheimer & Co. Inc. acquired a new position in Fidelity National Information Services during the 1st quarter valued at about $276,000. Brown Advisory Inc. increased its position in Fidelity National Information Services by 16.7% during the 1st quarter. Brown Advisory Inc. now owns 329,325 shares of the information technology services provider's stock valued at $24,594,000 after buying an additional 47,086 shares in the last quarter. Compass Wealth Management LLC increased its position in Fidelity National Information Services by 13.5% during 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 buying an additional 9,251 shares in the last quarter. Brighton Jones LLC purchased a new stake in Fidelity National Information Services during the 4th quarter valued at about $347,000. Finally, Meritage Portfolio Management grew its stake in Fidelity National Information Services by 43.9% during the 1st quarter. Meritage Portfolio Management now owns 82,571 shares of the information technology services provider's stock valued at $6,166,000 after purchasing an additional 25,203 shares during the last quarter. 96.23% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have weighed in on FIS shares. Truist Financial boosted their price target on Fidelity National Information Services from $84.00 to $85.00 and gave the company a "hold" rating in a research note on Thursday, July 17th. Robert W. Baird upped their target price on 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. Keefe, Bruyette & Woods lowered their target price on Fidelity National Information Services from $92.00 to $88.00 and set an "outperform" rating on the stock in a research note on Wednesday, August 6th. Finally, UBS Group lowered their target price 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 assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $91.63.

Fidelity National Information Services Price Performance

NYSE FIS traded down $0.03 during trading hours on Friday, reaching $68.68. The company's stock had a trading volume of 3,308,823 shares, compared to its average volume of 3,404,865. The company's 50-day moving average is $75.56 and its two-hundred day moving average is $75.64. Fidelity National Information Services, Inc. has a 1-year low of $66.51 and a 1-year high of $91.98. The firm has a market capitalization of $35.88 billion, a price-to-earnings ratio of 381.59 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 (NYSE:FIS - Get Free Report) last announced its earnings results on Tuesday, August 5th. The information technology services provider reported $1.36 EPS for the quarter, meeting analysts' consensus estimates 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 in the prior year, the firm earned $1.36 earnings per share. The business's revenue 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. On average, equities analysts predict that Fidelity National Information Services, Inc. will post 5.74 EPS for the current year.

Fidelity National Information Services Dividend Announcement

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

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.