Ieq Capital LLC Sells 22,262 Shares of Fidelity National Information Services, Inc. $FIS

Ieq Capital LLC cut its position in Fidelity National Information Services, Inc. (NYSE:FIS) by 61.3% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 14,052 shares of the information technology services provider’s stock after selling 22,262 shares during the quarter. Ieq Capital LLC’s holdings in Fidelity National Information Services were worth $1,049,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Oppenheimer & Co. Inc. bought a new position in Fidelity National Information Services in the first quarter worth about $276,000. Brown Advisory Inc. raised its holdings in Fidelity National Information Services by 16.7% in the first quarter. Brown Advisory Inc. now owns 329,325 shares of the information technology services provider’s stock worth $24,594,000 after purchasing an additional 47,086 shares in the last quarter. Compass Wealth Management LLC raised its holdings in Fidelity National Information Services by 13.5% in the first quarter. Compass Wealth Management LLC now owns 77,794 shares of the information technology services provider’s stock worth $5,810,000 after purchasing an additional 9,251 shares in the last quarter. Brighton Jones LLC bought a new position in Fidelity National Information Services in the fourth quarter worth about $347,000. Finally, Meritage Portfolio Management grew its stake in shares of Fidelity National Information Services by 43.9% during the first quarter. Meritage Portfolio Management now owns 82,571 shares of the information technology services provider’s stock worth $6,166,000 after acquiring an additional 25,203 shares during the last quarter. 96.23% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on FIS. 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 note on Thursday, July 17th. 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 note on Wednesday, May 7th. Robert W. Baird boosted their price target on Fidelity National Information Services from $82.00 to $86.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 16th. Stephens boosted their price target on Fidelity National Information Services from $90.00 to $100.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 7th. Finally, UBS Group dropped their price target on 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. Thirteen equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $91.63.

Fidelity National Information Services Price Performance

Shares of NYSE FIS opened at $69.79 on Tuesday. The business’s 50 day moving average price is $76.56 and its 200 day moving average price is $75.75. The firm has a market cap of $36.45 billion, a P/E ratio of 387.72 and a beta of 1.05. Fidelity National Information Services, Inc. has a 52 week low of $66.51 and a 52 week high of $91.98. 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) last issued its earnings results on Tuesday, August 5th. The information technology services provider reported $1.36 EPS for the quarter, meeting analysts’ consensus estimates of $1.36. The firm had revenue of $2.62 billion for the quarter, compared to analyst estimates 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 revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.36 earnings per share. 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, sell-side analysts expect that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current year.

Fidelity National Information Services Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 24th. Investors of record on Wednesday, September 10th will be given a $0.40 dividend. The ex-dividend date is Wednesday, September 10th. This represents a $1.60 dividend on an annualized basis and a yield of 2.3%. Fidelity National Information Services’s dividend payout ratio is currently 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.