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

LGT Fund Management Co Ltd. trimmed its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 31.6% during the 2nd quarter, Holdings Channel reports. The fund owned 6,664 shares of the information technology services provider’s stock after selling 3,075 shares during the period. LGT Fund Management Co Ltd.’s holdings in Fidelity National Information Services were worth $543,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Sierra Ocean LLC raised its holdings in shares of 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 acquiring an additional 267 shares in the last quarter. YANKCOM Partnership raised its holdings in shares of 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 acquiring an additional 190 shares in the last quarter. Meeder Asset Management Inc. raised its holdings in shares of 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 acquiring an additional 164 shares in the last quarter. Hazlett Burt & Watson Inc. raised its holdings in shares of 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 acquiring an additional 250 shares in the last quarter. Finally, Kennebec Savings Bank raised its holdings in shares of 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 acquiring an additional 186 shares in the last quarter. 96.23% of the stock is owned by hedge funds and other institutional investors.

Fidelity National Information Services Stock Performance

Shares of Fidelity National Information Services stock opened at $66.71 on Friday. The stock’s fifty day moving average is $69.73 and its two-hundred day moving average is $75.07. The company has a market capitalization of $34.85 billion, a PE ratio of 370.60 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, Inc. has a 52 week low of $63.00 and a 52 week high of $91.98.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings data on Tuesday, August 5th. The information technology services provider reported $1.36 EPS for the quarter, meeting the consensus estimate of $1.36. The company had revenue of $2.62 billion for the quarter, compared to the consensus estimate of $2.57 billion. Fidelity National Information Services had a return on equity of 18.73% and a net margin of 1.09%.Fidelity National Information Services’s quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.36 EPS. 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, analysts expect that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current 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 given a dividend of $0.40 per share. The ex-dividend date of this dividend was Wednesday, September 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.4%. Fidelity National Information Services’s dividend payout ratio is presently 888.89%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on FIS. UBS Group upgraded Fidelity National Information Services from a “neutral” rating to a “buy” rating and set a $82.00 price target on the stock in a report on Tuesday, September 30th. Truist Financial increased their price target on Fidelity National Information Services from $84.00 to $85.00 and gave the company a “hold” rating in a report on Thursday, July 17th. Weiss Ratings restated a “sell (d)” rating on shares of Fidelity National Information Services in a report on Saturday, September 27th. Susquehanna decreased their price target on Fidelity National Information Services from $81.00 to $77.00 and set a “neutral” rating on the stock in a report on Friday, September 12th. Finally, Keefe, Bruyette & Woods decreased their price target on Fidelity National Information Services from $88.00 to $85.00 and set an “outperform” rating on the stock in a report on Wednesday. Thirteen research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Fidelity National Information Services has a consensus rating of “Moderate Buy” and a consensus price target 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.