Fidelity National Information Services, Inc. $FIS Shares Sold by MetLife Investment Management LLC

Key Points

• MetLife Investment Management LLC has decreased its stake in Fidelity National Information Services, Inc. by 3.4%, now owning 137,740 shares valued at approximately $10.29 million.
• Fidelity National Information Services announced a quarterly dividend of $0.40 per share, which is set to offer an annualized yield of 2.3%.
• Thirteen analysts currently rate Fidelity National Information Services as a Moderate Buy, with a consensus price target of $91.63.

MetLife Investment Management LLC cut its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 3.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 137,740 shares of the information technology services provider's stock after selling 4,886 shares during the period. MetLife Investment Management LLC's holdings in Fidelity National Information Services were worth $10,286,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Dodge & Cox boosted its stake in shares of 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 during the period. Goldman Sachs Group Inc. boosted its position in 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 buying an additional 419,199 shares during the period. Charles Schwab Investment Management Inc. boosted its position in 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 buying an additional 31,626 shares during the period. Invesco Ltd. boosted its position in 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 buying an additional 1,730,878 shares during the period. Finally, Northern Trust Corp boosted its position in Fidelity National Information Services by 16.5% in the 4th quarter. Northern Trust Corp now owns 6,925,824 shares of the information technology services provider's stock valued at $559,399,000 after buying an additional 982,955 shares during the period. 96.23% of the stock is owned by hedge funds and other institutional investors.

Fidelity National Information Services Stock Up 0.1%

Shares of NYSE FIS traded up $0.04 during trading hours on Friday, hitting $69.79. 4,449,783 shares of the stock were exchanged, compared to its average volume of 4,178,664. 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 company has a market cap of $36.45 billion, a PE ratio of 387.72 and a beta of 1.04. The firm has a fifty day moving average price of $76.78 and a 200-day moving average price of $75.69. Fidelity National Information Services, Inc. has a 12 month low of $66.51 and a 12 month high of $91.98.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The information technology services provider reported $1.36 EPS for the quarter, hitting the consensus estimate of $1.36. The firm had revenue of $2.62 billion during the quarter, compared to analyst estimates of $2.57 billion. Fidelity National Information Services had a net margin of 1.09% and a return on equity of 18.73%. Fidelity National Information Services's revenue was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $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, sell-side 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 declared a quarterly dividend, which will be paid on Wednesday, September 24th. Shareholders of record on Wednesday, September 10th will be paid a dividend of $0.40 per share. The ex-dividend date is 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 presently 888.89%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. UBS Group dropped 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 note on Wednesday, August 6th. Royal Bank Of Canada dropped 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 note on Wednesday, May 7th. 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 note on Thursday, July 17th. Keefe, Bruyette & Woods dropped 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 note on Wednesday, August 6th. Finally, 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 note on Wednesday, May 7th. Thirteen research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently 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.