Mn Services Vermogensbeheer B.V. Trims Position in Fidelity National Information Services, Inc. $FIS

Key Points

• Mn Services Vermogensbeheer B.V. reduced its stake in Fidelity National Information Services by 8.4%, selling 18,200 shares and ending the quarter with 198,000 shares valued at $16.12 million.
• Fidelity National Information Services reported earnings of $1.36 EPS for the last quarter, meeting analysts' expectations, with revenue rising by 5.1% compared to the previous year.
• The company announced a quarterly dividend of $0.40 per share, resulting in a 2.4% dividend yield, although it has a payout ratio of 888.89%.

Mn Services Vermogensbeheer B.V. lessened its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 8.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 198,000 shares of the information technology services provider's stock after selling 18,200 shares during the quarter. Mn Services Vermogensbeheer B.V.'s holdings in Fidelity National Information Services were worth $16,119,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in FIS. Sierra Ocean LLC lifted 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 during the period. YANKCOM Partnership lifted its holdings in shares of Fidelity National Information Services by 118.8% during the 1st quarter. YANKCOM Partnership now owns 350 shares of the information technology services provider's stock worth $26,000 after acquiring an additional 190 shares during the period. Meeder Asset Management Inc. lifted its holdings in shares of Fidelity National Information Services by 92.1% during the 1st quarter. Meeder Asset Management Inc. now owns 342 shares of the information technology services provider's stock worth $26,000 after acquiring an additional 164 shares during the period. Hazlett Burt & Watson Inc. raised its stake 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 purchasing an additional 250 shares during the period. Finally, Kennebec Savings Bank raised its stake 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 purchasing an additional 186 shares during the period. Hedge funds and other institutional investors own 96.23% of the company's stock.

Fidelity National Information Services Trading Down 1.3%

NYSE FIS opened at $66.26 on Friday. The company's fifty day simple moving average is $73.08 and its 200-day simple moving average is $75.48. Fidelity National Information Services, Inc. has a 52 week low of $65.66 and a 52 week high of $91.98. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.63. The stock has a market cap of $34.61 billion, a P/E ratio of 368.13 and a beta of 1.05.

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 EPS for the quarter, hitting analysts' consensus estimates of $1.36. Fidelity National Information Services had a net margin of 1.09% and a return on equity of 18.73%. The business had revenue of $2.62 billion for the quarter, compared to analysts' expectations of $2.57 billion. During the same period in the previous year, the company posted $1.36 earnings per share. The business's revenue for the quarter 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. Equities research analysts predict that Fidelity National Information Services, Inc. will post 5.74 EPS for the current fiscal year.

Fidelity National Information Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 24th. Stockholders of record on Wednesday, September 10th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Wednesday, September 10th. Fidelity National Information Services's payout ratio is presently 888.89%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. UBS Group cut 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 report on Wednesday, August 6th. Truist Financial raised their price objective on Fidelity National Information Services from $84.00 to $85.00 and gave the stock a "hold" rating in a report on Thursday, July 17th. Keefe, Bruyette & Woods cut their price objective on Fidelity National Information Services from $92.00 to $88.00 and set an "outperform" rating on the stock in a report on Wednesday, August 6th. Robert W. Baird raised their price target on shares of Fidelity National Information Services from $82.00 to $86.00 and gave the company a "neutral" rating in a report on Wednesday, July 16th. Finally, Susquehanna cut their price target on shares of Fidelity National Information Services from $81.00 to $77.00 and set a "neutral" rating on the stock in a report on Friday, September 12th. Twelve research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Fidelity National Information Services presently has an average rating of "Moderate Buy" and an average target price of $91.17.

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.

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