Fidelity National Information Services, Inc. $FIS Shares Sold by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al decreased its position in Fidelity National Information Services, Inc. (NYSE:FIS) by 25.7% during the 4th quarter, Holdings Channel reports. The fund owned 264,400 shares of the information technology services provider’s stock after selling 91,400 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Fidelity National Information Services were worth $17,572,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC acquired a new stake in Fidelity National Information Services during the fourth quarter worth approximately $347,000. Geneos Wealth Management Inc. raised its holdings in Fidelity National Information Services by 70.1% during the first quarter. Geneos Wealth Management Inc. now owns 1,046 shares of the information technology services provider’s stock worth $78,000 after purchasing an additional 431 shares in the last quarter. Sivia Capital Partners LLC acquired a new stake in Fidelity National Information Services during the second quarter worth approximately $302,000. Marshall Wace LLP acquired a new stake in Fidelity National Information Services during the second quarter worth approximately $4,896,000. Finally, Cresset Asset Management LLC raised its holdings in Fidelity National Information Services by 20.5% during the second quarter. Cresset Asset Management LLC now owns 5,290 shares of the information technology services provider’s stock worth $431,000 after purchasing an additional 901 shares in the last quarter. Institutional investors and hedge funds own 96.23% of the company’s stock.

Fidelity National Information Services News Roundup

Here are the key news stories impacting Fidelity National Information Services this week:

• Positive Sentiment: FIS will present at the J.P. Morgan 54th Annual Global Technology, Media and Communications Conference on May 19, which could help management reinforce the company’s outlook and keep investors engaged. FIS to Present at Upcoming Conference
• Neutral Sentiment: Cantor Fitzgerald initiated a new $55 price target on FIS, implying upside from current levels but offering no major change in the overall thesis. Fidelity National Information Services Given New $55.00 Price Target at Cantor Fitzgerald
• Neutral Sentiment: Deutsche Bank cut its price target on FIS from $55 to $50, reflecting a more cautious view, though it still sees some upside versus the recent trading level. Fidelity
• Negative Sentiment: TD Cowen lowered its price target on FIS from $78 to $62, a meaningful reduction that likely weighed on shares despite the firm maintaining a buy rating. Fidelity
• Negative Sentiment: A separate report said TD Cowen also lowered its FIS target to $62, reinforcing the view that analysts are becoming less optimistic on the stock’s near-term valuation. Fidelity National Information Services (NYSE:FIS) Price Target Lowered to $62.00 at TD Cowen

Insiders Place Their Bets

In other news, CEO Stephanie Ferris acquired 19,846 shares of the stock in a transaction that occurred on Thursday, March 5th. The shares were purchased at an average cost of $50.39 per share, for a total transaction of $1,000,039.94. Following the transaction, the chief executive officer directly owned 281,458 shares in the company, valued at approximately $14,182,668.62. This represents a 7.59% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. 0.28% of the stock is currently owned by corporate insiders.

Fidelity National Information Services Stock Down 0.9%

Shares of NYSE:FIS opened at $42.61 on Thursday. The stock has a market cap of $22.02 billion, a P/E ratio of 8.26, a P/E/G ratio of 0.42 and a beta of 0.82. The firm has a fifty day moving average price of $47.47 and a 200 day moving average price of $56.34. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.59 and a quick ratio of 0.59. Fidelity National Information Services, Inc. has a 1-year low of $41.63 and a 1-year high of $82.74.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings results on Friday, May 8th. The information technology services provider reported $1.36 earnings per share for the quarter, topping analysts’ consensus estimates of $1.28 by $0.08. The firm had revenue of $3.30 billion during the quarter, compared to analysts’ expectations of $3.28 billion. Fidelity National Information Services had a net margin of 23.35% and a return on equity of 21.30%. Fidelity National Information Services’s quarterly revenue was up 30.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $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. Sell-side analysts predict that Fidelity National Information Services, Inc. will post 6.28 EPS for the current year.

Fidelity National Information Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Thursday, June 11th will be paid a dividend of $0.44 per share. The ex-dividend date is Thursday, June 11th. This represents a $1.76 dividend on an annualized basis and a yield of 4.1%. Fidelity National Information Services’s dividend payout ratio is currently 34.11%.

Analysts Set New Price Targets

A number of research firms have weighed in on FIS. Wolfe Research cut their price objective on shares of Fidelity National Information Services from $90.00 to $70.00 and set an “outperform” rating on the stock in a report on Wednesday, February 25th. Weiss Ratings raised Fidelity National Information Services from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday. BNP Paribas Exane cut their price target on Fidelity National Information Services from $47.00 to $40.00 and set an “underperform” rating on the stock in a research report on Friday, April 10th. Argus reduced their price objective on Fidelity National Information Services from $92.00 to $65.00 and set a “buy” rating for the company in a research note on Thursday, February 26th. Finally, Raymond James Financial decreased their price objective on Fidelity National Information Services from $82.00 to $60.00 and set an “outperform” rating for the company in a report on Wednesday, February 25th. Thirteen research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $61.71.

About Fidelity National Information Services

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.