Lansforsakringar Fondforvaltning AB publ Sells 4,416 Shares of Fidelity National Information Services, Inc. $FIS

Key Points

• Lansforsakringar Fondforvaltning AB publ reduced its stake in Fidelity National Information Services, Inc. by 2.4%, now holding 180,014 shares valued at approximately $13.44 million.
• Other hedge funds, including Dodge & Cox and Goldman Sachs Group Inc., have increased their positions in Fidelity, highlighting the stock's ongoing institutional interest.
• Fidelity recently reported a quarterly revenue of $2.62 billion, exceeding expectations, and declared a quarterly dividend of $0.40, reflecting an annualized yield of 2.3%.

Lansforsakringar Fondforvaltning AB publ lowered its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 2.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 180,014 shares of the information technology services provider's stock after selling 4,416 shares during the quarter. Lansforsakringar Fondforvaltning AB publ's holdings in Fidelity National Information Services were worth $13,443,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Sierra Ocean LLC grew its position in Fidelity National Information Services by 356.0% during the first quarter. Sierra Ocean LLC now owns 342 shares of the information technology services provider's stock worth $26,000 after buying an additional 267 shares in the last quarter. YANKCOM Partnership grew its position in Fidelity National Information Services by 118.8% during the first quarter. YANKCOM Partnership now owns 350 shares of the information technology services provider's stock worth $26,000 after buying an additional 190 shares in the last quarter. Meeder Asset Management Inc. grew its position in Fidelity National Information Services by 92.1% during the first quarter. Meeder Asset Management Inc. now owns 342 shares of the information technology services provider's stock worth $26,000 after buying an additional 164 shares in the last quarter. Hazlett Burt & Watson Inc. grew its position in Fidelity National Information Services by 179.9% during the first quarter. Hazlett Burt & Watson Inc. now owns 389 shares of the information technology services provider's stock worth $29,000 after buying an additional 250 shares in the last quarter. Finally, Kennebec Savings Bank grew its position in Fidelity National Information Services by 71.3% during the first quarter. Kennebec Savings Bank now owns 447 shares of the information technology services provider's stock worth $33,000 after buying an additional 186 shares in the last quarter. Institutional investors and hedge funds own 96.23% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on FIS. Stephens increased their price target 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. Robert W. Baird raised their target price 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. Royal Bank Of Canada reduced their target price on Fidelity National Information Services from $95.00 to $93.00 and set an "outperform" rating on the stock in a report on Wednesday, May 7th. Truist Financial raised their target price on Fidelity National Information Services from $84.00 to $85.00 and gave the company a "hold" rating in a report on Thursday, July 17th. Finally, UBS Group reduced their target price on Fidelity National Information Services from $84.00 to $82.00 and set a "neutral" rating on the stock in a report on Wednesday, August 6th. Thirteen analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $91.63.

Fidelity National Information Services Price Performance

Shares of FIS traded down $0.12 during trading hours on Wednesday, reaching $68.19. The stock had a trading volume of 1,350,188 shares, compared to its average volume of 3,604,662. The stock has a market capitalization of $35.62 billion, a PE ratio of 378.50 and a beta of 1.05. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.59 and a current ratio of 0.59. Fidelity National Information Services, Inc. has a 12 month low of $66.51 and a 12 month high of $91.98. The company's 50-day moving average is $76.29 and its two-hundred day moving average is $75.70.

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 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.36. The business had revenue of $2.62 billion during the quarter, compared to analyst estimates of $2.57 billion. Fidelity National Information Services had a return on equity of 18.73% and a net margin of 1.09%.Fidelity National Information Services's revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period last year, the company 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. Research analysts expect 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 announced a quarterly dividend, which will be paid on Wednesday, September 24th. Investors of record on Wednesday, September 10th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Wednesday, September 10th. Fidelity National Information Services's dividend payout ratio (DPR) is currently 888.89%.

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.