Y Intercept Hong Kong Ltd Cuts Stock Position in Fidelity National Information Services, Inc. $FIS

Y Intercept Hong Kong Ltd lessened its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 74.4% in the first quarter, Holdings Channel reports. The institutional investor owned 10,220 shares of the information technology services provider’s stock after selling 29,730 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Fidelity National Information Services were worth $479,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. BOKF NA increased its position in shares of Fidelity National Information Services by 0.6% during the third quarter. BOKF NA now owns 28,031 shares of the information technology services provider’s stock valued at $1,848,000 after acquiring an additional 159 shares in the last quarter. Fiduciary Trust Co boosted its stake in Fidelity National Information Services by 4.9% during the 3rd quarter. Fiduciary Trust Co now owns 3,465 shares of the information technology services provider’s stock valued at $228,000 after purchasing an additional 161 shares during the last quarter. FJ Capital Management LLC increased its holdings in shares of Fidelity National Information Services by 4.7% in the 2nd quarter. FJ Capital Management LLC now owns 3,600 shares of the information technology services provider’s stock worth $293,000 after purchasing an additional 163 shares in the last quarter. Spire Wealth Management increased its holdings in shares of Fidelity National Information Services by 15.6% in the 4th quarter. Spire Wealth Management now owns 1,299 shares of the information technology services provider’s stock worth $86,000 after purchasing an additional 175 shares in the last quarter. Finally, Salomon & Ludwin LLC raised its stake in shares of Fidelity National Information Services by 100.5% in the fourth quarter. Salomon & Ludwin LLC now owns 387 shares of the information technology services provider’s stock worth $26,000 after purchasing an additional 194 shares during the last quarter. Institutional investors own 96.23% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. The Goldman Sachs Group dropped their price objective on Fidelity National Information Services from $65.00 to $57.00 and set a “buy” rating on the stock in a research report on Monday, May 11th. Barclays assumed coverage on shares of Fidelity National Information Services in a research note on Wednesday, July 8th. They set an “equal weight” rating and a $44.00 target price on the stock. Weiss Ratings downgraded shares of Fidelity National Information Services from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, July 9th. 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 for the company in a research note on Thursday, May 14th. Finally, Truist Financial decreased their price objective on shares of Fidelity National Information Services from $50.00 to $45.00 and set a “hold” rating for the company in a report on Thursday, May 28th. Thirteen equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Fidelity National Information Services presently has an average rating of “Hold” and an average price target of $59.96.

Fidelity National Information Services Stock Performance

Shares of FIS opened at $40.65 on Wednesday. The firm has a market capitalization of $21.01 billion, a P/E ratio of 7.88, a PEG ratio of 0.41 and a beta of 0.80. 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 one year low of $37.42 and a one year high of $82.62. The business has a fifty day moving average of $41.22 and a 200 day moving average of $48.76.

Fidelity National Information Services (NYSE:FIS) last announced its earnings results on Friday, May 8th. The information technology services provider reported $1.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.08. Fidelity National Information Services had a return on equity of 21.30% and a net margin of 23.35%.The business had revenue of $3.29 billion for the quarter, compared to analysts’ expectations of $3.28 billion. During the same period last year, the firm posted $1.21 earnings per share. The business’s revenue for the quarter was up 30.1% on a year-over-year basis. 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. As a group, 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 firm also recently declared 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 of this dividend was Thursday, June 11th. This represents a $1.76 dividend on an annualized basis and a yield of 4.3%. Fidelity National Information Services’s payout ratio is currently 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.