LGT Fund Management Co Ltd. Lowers Holdings in Fidelity National Information Services, Inc. $FIS

LGT Fund Management Co Ltd. lessened its stake in Fidelity National Information Services, Inc. (NYSE:FIS) by 31.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,664 shares of the information technology services provider’s stock after selling 3,075 shares during the quarter. LGT Fund Management Co Ltd.’s holdings in Fidelity National Information Services were worth $543,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also bought and sold shares of the business. Monetary Management Group Inc. raised its position in Fidelity National Information Services by 2.8% in the 1st quarter. Monetary Management Group Inc. now owns 4,960 shares of the information technology services provider’s stock worth $370,000 after buying an additional 135 shares during the last quarter. Phoenix Wealth Advisors grew its stake in shares of Fidelity National Information Services by 0.4% during the 1st quarter. Phoenix Wealth Advisors now owns 30,861 shares of the information technology services provider’s stock valued at $2,305,000 after purchasing an additional 135 shares during the period. CX Institutional grew its stake in shares of Fidelity National Information Services by 2.3% during the 2nd quarter. CX Institutional now owns 6,317 shares of the information technology services provider’s stock valued at $514,000 after purchasing an additional 140 shares during the period. Stonebrook Private Inc. grew its stake in shares of Fidelity National Information Services by 0.6% during the 1st quarter. Stonebrook Private Inc. now owns 24,424 shares of the information technology services provider’s stock valued at $1,824,000 after purchasing an additional 146 shares during the period. Finally, Integrated Advisors Network LLC grew its stake in shares of Fidelity National Information Services by 4.7% during the 1st quarter. Integrated Advisors Network LLC now owns 3,284 shares of the information technology services provider’s stock valued at $245,000 after purchasing an additional 147 shares during the period. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Fidelity National Information Services Trading Up 0.4%

FIS stock opened at $66.71 on Friday. 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 debt-to-equity ratio of 0.63, a current ratio of 0.59 and a quick ratio of 0.59. The company has a market capitalization of $34.85 billion, a price-to-earnings ratio of 370.60 and a beta of 1.05. The business has a 50 day simple moving average of $69.73 and a two-hundred day simple moving average of $75.07.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly 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 business had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $2.57 billion. During the same period in the prior year, the company posted $1.36 EPS. The firm’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. Research analysts anticipate that Fidelity National Information Services, Inc. will post 5.74 EPS for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 24th. Shareholders of record on Wednesday, September 10th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.4%. The ex-dividend date was Wednesday, September 10th. Fidelity National Information Services’s dividend payout ratio is presently 888.89%.

Analyst Ratings Changes

A number of research firms have issued reports on FIS. UBS Group upgraded Fidelity National Information Services from a “neutral” rating to a “buy” rating and set a $82.00 price target for the company in a research note on Tuesday, September 30th. Weiss Ratings reiterated a “sell (d)” rating on shares of Fidelity National Information Services in a research note on Saturday, September 27th. Susquehanna cut their price objective on Fidelity National Information Services from $81.00 to $77.00 and set a “neutral” rating for the company in a research note on Friday, September 12th. Robert W. Baird boosted their price objective on Fidelity National Information Services from $82.00 to $86.00 and gave the company a “neutral” rating in a research note on Wednesday, July 16th. Finally, Truist Financial boosted their price objective on 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. Thirteen investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $91.00.

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.