Assenagon Asset Management S.A. Trims Holdings in Fidelity National Information Services, Inc. $FIS

Assenagon Asset Management S.A. lowered its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 98.1% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 10,911 shares of the information technology services provider’s stock after selling 554,204 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Fidelity National Information Services were worth $512,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Dodge & Cox grew its holdings in shares of Fidelity National Information Services by 13.9% in the fourth quarter. Dodge & Cox now owns 49,113,297 shares of the information technology services provider’s stock valued at $3,264,070,000 after purchasing an additional 6,008,090 shares during the period. Capital Research Global Investors increased its position in Fidelity National Information Services by 0.6% during the fourth quarter. Capital Research Global Investors now owns 28,129,710 shares of the information technology services provider’s stock worth $1,869,507,000 after purchasing an additional 172,356 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in Fidelity National Information Services by 4.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 11,196,718 shares of the information technology services provider’s stock worth $744,134,000 after purchasing an additional 514,490 shares during the period. Invesco Ltd. raised its stake in Fidelity National Information Services by 5.6% during the third quarter. Invesco Ltd. now owns 8,515,321 shares of the information technology services provider’s stock worth $561,500,000 after purchasing an additional 448,712 shares during the period. Finally, Norges Bank acquired a new position in Fidelity National Information Services in the 4th quarter valued at about $495,956,000. 96.23% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently commented on FIS. BNP Paribas Exane reduced their price target on shares of Fidelity National Information Services from $40.00 to $37.00 and set an “underperform” rating on the stock in a research report on Thursday, May 14th. Weiss Ratings upgraded Fidelity National Information Services from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, May 11th. Oppenheimer cut their target price on Fidelity National Information Services from $69.00 to $62.00 in a research note on Friday, May 8th. UBS Group cut their price objective on Fidelity National Information Services from $73.00 to $63.00 and set a “buy” rating for the company in a research report on Monday, May 11th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on shares of Fidelity National Information Services from $55.00 to $50.00 in a research report on Monday, May 11th. Thirteen investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $61.33.

Fidelity National Information Services Price Performance

FIS stock opened at $41.72 on Friday. The business’s fifty day moving average price is $41.98 and its 200 day moving average price is $50.17. Fidelity National Information Services, Inc. has a 12-month low of $37.42 and a 12-month high of $82.62. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 1.05. The company has a market capitalization of $21.56 billion, a PE ratio of 8.09, a P/E/G ratio of 0.40 and a beta of 0.80.

Fidelity National Information Services (NYSE:FIS) last announced its earnings results on Friday, May 8th. The information technology services provider reported $1.36 EPS for the quarter, beating analysts’ consensus estimates of $1.28 by $0.08. The company had revenue of $3.29 billion during the quarter, compared to analysts’ expectations of $3.28 billion. Fidelity National Information Services had a return on equity of 21.30% and a net margin of 23.35%.Fidelity National Information Services’s revenue for the quarter was up 30.1% on a year-over-year basis. During the same period last year, the business posted $1.21 EPS. Fidelity National Information Services has set its FY 2026 guidance at 6.220-6.320 EPS and its Q2 2026 guidance at 1.450-1.490 EPS. On average, sell-side analysts anticipate that Fidelity National Information Services, Inc. will post 6.28 EPS for the current year.

Fidelity National Information Services Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Thursday, June 11th were issued a $0.44 dividend. The ex-dividend date was Thursday, June 11th. This represents a $1.76 dividend on an annualized basis and a yield of 4.2%. Fidelity National Information Services’s dividend payout ratio (DPR) is 34.11%.

Fidelity National Information Services Company Profile

Fidelity National Information Services (NYSE: FIS) is a global provider of financial technology solutions and services for banks, capital markets firms, merchants and corporations. The company develops and delivers software, processing, and outsourcing services that support core banking, payments and merchant acquiring, wealth and retirement platforms, risk and compliance, and trading and capital markets operations. Its offerings include cloud-based and on-premises core banking systems, card processing and gateway services, e-commerce and point-of-sale payment solutions, and a range of back-office and advisory services designed to automate and modernize financial operations.

FIS serves a broad international client base across North America, Europe, Latin America, and the Asia-Pacific region through a combination of direct clients and partner channels.