Fidelity National Information Services, Inc. $FIS Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company decreased its position in Fidelity National Information Services, Inc. (NYSE:FIS) by 31.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,921,660 shares of the information technology services provider’s stock after selling 1,316,243 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Fidelity National Information Services were worth $218,190,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of FIS. Sierra Ocean LLC lifted its holdings 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 valued at $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% in the first quarter. YANKCOM Partnership now owns 350 shares of the information technology services provider’s stock valued at $26,000 after buying an additional 190 shares during the period. Meeder Asset Management Inc. lifted its holdings in shares of Fidelity National Information Services by 92.1% in the first quarter. Meeder Asset Management Inc. now owns 342 shares of the information technology services provider’s stock valued at $26,000 after buying an additional 164 shares during the period. Hazlett Burt & Watson Inc. lifted its holdings 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 valued at $29,000 after buying an additional 250 shares during the period. Finally, Kennebec Savings Bank raised its position 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 worth $33,000 after purchasing an additional 186 shares during the period. Institutional investors and hedge funds own 96.23% of the company’s stock.

Analyst Ratings Changes

FIS has been the topic of a number of recent analyst reports. Robert W. Baird boosted their target price on 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. 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. Keefe, Bruyette & Woods cut their target price on Fidelity National Information Services from $92.00 to $88.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 6th. Stephens upped their price target on Fidelity National Information Services from $90.00 to $100.00 and gave the company an “overweight” rating in a research report on Wednesday, May 7th. Finally, Royal Bank Of Canada dropped their price target on Fidelity National Information Services from $95.00 to $93.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 7th. Thirteen equities 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’s stock. According to MarketBeat.com, Fidelity National Information Services presently has an average rating of “Moderate Buy” and an average price target of $91.63.

Fidelity National Information Services Stock Performance

Shares of FIS stock opened at $69.74 on Friday. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.59 and a quick ratio of 0.59. Fidelity National Information Services, Inc. has a fifty-two week low of $66.51 and a fifty-two week high of $91.98. The stock’s 50-day moving average is $76.99 and its two-hundred day moving average is $75.71. The firm has a market cap of $36.43 billion, a P/E ratio of 387.44 and a beta of 1.04.

Fidelity National Information Services (NYSE:FIS) last issued its earnings results on Tuesday, August 5th. The information technology services provider reported $1.36 earnings per share 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 company had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.57 billion. During the same period in the prior year, the firm posted $1.36 EPS. The business’s revenue 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. Analysts predict that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current fiscal year.

Fidelity National Information Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 24th. Stockholders 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 dividend yield of 2.3%. The ex-dividend date is Wednesday, September 10th. Fidelity National Information Services’s dividend payout ratio is 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.