Louisiana State Employees Retirement System Sells 800 Shares of Fidelity National Information Services, Inc. $FIS

Louisiana State Employees Retirement System lowered its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 2.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,700 shares of the information technology services provider’s stock after selling 800 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Fidelity National Information Services were worth $2,255,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Dodge & Cox raised its position in shares of Fidelity National Information Services by 1.4% during the first quarter. Dodge & Cox now owns 34,808,298 shares of the information technology services provider’s stock worth $2,599,484,000 after purchasing an additional 480,771 shares during the period. Goldman Sachs Group Inc. raised its position in Fidelity National Information Services by 4.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 10,712,794 shares of the information technology services provider’s stock valued at $800,032,000 after buying an additional 419,199 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Fidelity National Information Services by 0.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 10,126,213 shares of the information technology services provider’s stock valued at $755,928,000 after buying an additional 31,626 shares during the last quarter. Invesco Ltd. raised its position in Fidelity National Information Services by 22.9% in the 1st quarter. Invesco Ltd. now owns 9,304,011 shares of the information technology services provider’s stock valued at $694,824,000 after buying an additional 1,730,878 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC raised its position in Fidelity National Information Services by 17.4% in the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 6,666,499 shares of the information technology services provider’s stock valued at $497,854,000 after buying an additional 986,646 shares during the last quarter. Institutional investors and hedge funds own 96.23% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on FIS. UBS Group raised Fidelity National Information Services from a “neutral” rating to a “buy” rating and set a $82.00 target price on the stock in a research report on Tuesday, September 30th. Susquehanna dropped their target price on Fidelity National Information Services from $81.00 to $77.00 and set a “neutral” rating on the stock in a research report on Friday, September 12th. Keefe, Bruyette & Woods lowered their price target on Fidelity National Information Services from $88.00 to $85.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 1st. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Fidelity National Information Services in a research report on Wednesday. Finally, Truist Financial boosted their price target 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. Thirteen equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Fidelity National Information Services currently has a consensus rating of “Moderate Buy” and an average target price of $91.00.

Fidelity National Information Services Stock Performance

Shares of NYSE FIS opened at $66.86 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. The stock’s fifty day moving average price is $68.48 and its two-hundred day moving average price is $74.85. Fidelity National Information Services, Inc. has a one year low of $63.00 and a one year high of $91.98. The firm has a market cap of $34.93 billion, a price-to-earnings ratio of 371.47 and a beta of 1.05.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings data on Tuesday, August 5th. The information technology services provider reported $1.36 EPS for the quarter, meeting analysts’ consensus estimates 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 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 company’s revenue for the quarter 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. On average, equities analysts forecast that Fidelity National Information Services, Inc. will post 5.74 EPS for the current year.

Fidelity National Information Services Announces Dividend

The business also recently announced 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 annualized dividend 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%.

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.