Veracity Capital LLC Sells 6,990 Shares of Fidelity National Information Services, Inc. $FIS

Key Points

• Veracity Capital LLC reduced its stake in Fidelity National Information Services by 38.9%, owning 10,992 shares valued at $895,000 after selling 6,990 shares in the 2nd quarter.
• Several institutional investors increased their positions, with Sierra Ocean LLC raising its stake by 356.0% during the same period.
• Analysts have mixed views on the stock, with price targets ranging from $82.00 to $88.00, and an average rating of "Moderate Buy."

Veracity Capital LLC cut its position in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 38.9% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 10,992 shares of the information technology services provider's stock after selling 6,990 shares during the period. Veracity Capital LLC's holdings in Fidelity National Information Services were worth $895,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in FIS. Sierra Ocean LLC raised its stake in shares of Fidelity National Information Services by 356.0% in the first quarter. Sierra Ocean LLC now owns 342 shares of the information technology services provider's stock worth $26,000 after purchasing an additional 267 shares during the last quarter. YANKCOM Partnership raised its position in Fidelity National Information Services by 118.8% in 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 during the last quarter. Meeder Asset Management Inc. lifted its stake 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 valued at $26,000 after acquiring an additional 164 shares during the period. Hazlett Burt & Watson Inc. grew its stake in shares of Fidelity National Information Services by 179.9% in the first quarter. Hazlett Burt & Watson Inc. now owns 389 shares of the information technology services provider's stock worth $29,000 after acquiring an additional 250 shares during the period. Finally, Kennebec Savings Bank raised its holdings in shares of 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 valued at $33,000 after purchasing an additional 186 shares during the last quarter. 96.23% of the stock is currently owned by hedge funds and other institutional investors.

Fidelity National Information Services Price Performance

NYSE:FIS traded down $1.13 on Friday, reaching $65.11. 6,951,401 shares of the company's stock traded hands, compared to its average volume of 3,700,839. The stock has a 50-day simple moving average of $73.08 and a 200-day simple moving average of $75.48. Fidelity National Information Services, Inc. has a 12 month low of $65.03 and a 12 month high of $91.98. The firm has a market cap of $34.01 billion, a PE ratio of 361.73 and a beta of 1.05. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.63.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last released 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. Fidelity National Information Services had a return on equity of 18.73% and a net margin of 1.09%.The firm had revenue of $2.62 billion during the quarter, compared to analysts' expectations of $2.57 billion. During the same quarter last year, the business posted $1.36 earnings per share. The firm's 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. Equities research analysts forecast that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current year.

Fidelity National Information Services Announces Dividend

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 paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Wednesday, September 10th. Fidelity National Information Services's dividend payout ratio (DPR) is presently 888.89%.

Wall Street Analysts Forecast Growth

FIS has been the subject of a number of research analyst reports. Robert W. Baird lifted their target price 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. Keefe, Bruyette & Woods cut their price objective on Fidelity National Information Services from $92.00 to $88.00 and set an "outperform" rating for the company in a report on Wednesday, August 6th. Truist Financial raised their target price on Fidelity National Information Services from $84.00 to $85.00 and gave the stock a "hold" rating in a research report on Thursday, July 17th. 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, Susquehanna dropped 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 research note on Friday, September 12th. Twelve analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company 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.