Cannell & Spears LLC Lowers Stake in Fidelity National Information Services, Inc. $FIS

Cannell & Spears LLC cut its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 19.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 541,093 shares of the information technology services provider’s stock after selling 133,529 shares during the quarter. Cannell & Spears LLC’s holdings in Fidelity National Information Services were worth $25,534,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in FIS. BOKF NA increased its position in Fidelity National Information Services by 0.6% in the 3rd 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 during the period. Fiduciary Trust Co lifted its position 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 worth $228,000 after acquiring an additional 161 shares during the period. FJ Capital Management LLC grew its stake 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 valued at $293,000 after purchasing an additional 163 shares during the last quarter. Spire Wealth Management grew its stake 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 valued at $86,000 after purchasing an additional 175 shares during the last quarter. Finally, Salomon & Ludwin LLC increased its holdings 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 valued at $26,000 after purchasing an additional 194 shares during the period. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Analyst Upgrades and Downgrades

FIS has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft decreased their price target on Fidelity National Information Services from $55.00 to $50.00 in a report on Monday, May 11th. BNP Paribas Exane dropped their price objective on shares of Fidelity National Information Services from $40.00 to $37.00 and set an “underperform” rating on the stock in a research note on Thursday, May 14th. Morgan Stanley started coverage on shares of Fidelity National Information Services in a research report on Tuesday, July 7th. They set an “equal weight” rating and a $47.00 price objective for the company. Wall Street Zen downgraded shares of Fidelity National Information Services from a “buy” rating to a “hold” rating in a report on Sunday, May 17th. Finally, UBS Group dropped their price target on shares of Fidelity National Information Services from $73.00 to $63.00 and set a “buy” rating on the stock in a research note on Monday, May 11th. Thirteen equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $58.68.

Fidelity National Information Services Stock Up 3.9%

FIS opened at $41.58 on Friday. 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 12 month low of $37.42 and a 12 month high of $82.62. The stock has a market capitalization of $21.49 billion, a P/E ratio of 8.06, a P/E/G ratio of 0.39 and a beta of 0.80. The business has a 50 day simple moving average of $40.87 and a 200-day simple moving average of $47.47.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings data 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 $3.29 billion for the quarter, compared to analyst estimates 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 quarterly revenue was up 30.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.21 earnings per share. 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, equities analysts anticipate that Fidelity National Information Services, Inc. will post 6.28 earnings per share for the current fiscal year.

Fidelity National Information Services Announces Dividend

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