State of Alaska Department of Revenue Sells 13,065 Shares of Fidelity National Information Services, Inc. $FIS

Key Points

• The State of Alaska Department of Revenue has reduced its holdings in Fidelity National Information Services by 18.1%, selling 13,065 shares and bringing its total to 59,020 shares valued at $4.8 million.
• Despite the reduction by some institutional investors, 96.23% of Fidelity's stock is still owned by institutional holders, indicating strong institutional interest in the company.
• The company reported earnings of $1.36 per share for the latest quarter, matching analysts' expectations, while its revenue rose 5.1% year-over-year to $2.62 billion.

State of Alaska Department of Revenue cut its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 18.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,020 shares of the information technology services provider's stock after selling 13,065 shares during the quarter. State of Alaska Department of Revenue's holdings in Fidelity National Information Services were worth $4,804,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FIS. Sierra Ocean LLC lifted its position in Fidelity National Information Services by 356.0% during the 1st 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 lifted its position in 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 buying an additional 190 shares in the last quarter. Meeder Asset Management Inc. lifted its position in 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 buying an additional 164 shares in the last quarter. Hazlett Burt & Watson Inc. lifted its position in Fidelity National Information Services by 179.9% during the 1st 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 lifted its position in Fidelity National Information Services by 71.3% during the 1st 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. 96.23% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Robert W. Baird boosted their price target on shares of Fidelity National Information Services from $82.00 to $86.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 16th. Truist Financial boosted their price objective on shares of Fidelity National Information Services from $84.00 to $85.00 and gave the stock a "hold" rating in a research note on Thursday, July 17th. Susquehanna lowered their price objective on shares of Fidelity National Information Services from $81.00 to $77.00 and set a "neutral" rating on the stock in a research note on Friday, September 12th. UBS Group lowered 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. Finally, Keefe, Bruyette & Woods lowered 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. Twelve research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $91.17.

Fidelity National Information Services Stock Performance

Shares of Fidelity National Information Services stock opened at $65.66 on Tuesday. The company has a 50 day moving average of $70.94 and a 200-day moving average of $75.28. Fidelity National Information Services, Inc. has a 1-year low of $63.00 and a 1-year 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 company has a market cap of $34.30 billion, a PE ratio of 364.81 and a beta of 1.05.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The information technology services provider reported $1.36 earnings per share 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 company had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $2.57 billion. During the same quarter in the prior year, the firm posted $1.36 EPS. The firm's quarterly revenue was up 5.1% on a year-over-year basis. 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. As a group, equities research analysts forecast that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 24th. Stockholders of record on Wednesday, September 10th were issued 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 was Wednesday, September 10th. Fidelity National Information Services's dividend payout ratio is 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.

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