South Dakota Investment Council Has $10.38 Million Stock Position in Fidelity National Information Services, Inc. $FIS

South Dakota Investment Council reduced its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 8.7% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 157,481 shares of the information technology services provider’s stock after selling 14,920 shares during the period. South Dakota Investment Council’s holdings in Fidelity National Information Services were worth $10,384,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. AGF Management Ltd. acquired a new position in Fidelity National Information Services during the 3rd quarter worth approximately $3,096,000. Independent Advisor Alliance grew its stake in shares of Fidelity National Information Services by 177.8% during the third quarter. Independent Advisor Alliance now owns 39,987 shares of the information technology services provider’s stock worth $2,637,000 after buying an additional 25,593 shares during the last quarter. Assetmark Inc. grew its stake in shares of Fidelity National Information Services by 45.1% during the third quarter. Assetmark Inc. now owns 265,518 shares of the information technology services provider’s stock worth $17,508,000 after buying an additional 82,518 shares during the last quarter. LBP AM SA increased its holdings in shares of Fidelity National Information Services by 1,777.2% during the third quarter. LBP AM SA now owns 72,984 shares of the information technology services provider’s stock worth $4,813,000 after buying an additional 69,096 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Fidelity National Information Services in the 2nd quarter valued at $624,858,000. Institutional investors own 96.23% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on FIS shares. BNP Paribas Exane reduced their price objective on Fidelity National Information Services from $60.00 to $55.00 and set an “underperform” rating on the stock in a research report on Tuesday, January 20th. Citigroup cut their price target on Fidelity National Information Services from $70.00 to $53.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 25th. Argus lowered 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. Cantor Fitzgerald initiated coverage on shares of Fidelity National Information Services in a report on Tuesday, January 27th. They issued an “overweight” rating and a $72.00 price objective for the company. Finally, Wolfe Research reduced their target price 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. Thirteen equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $70.50.

Fidelity National Information Services Stock Down 1.8%

Shares of NYSE FIS opened at $50.02 on Tuesday. The company’s 50 day moving average price is $57.77 and its 200-day moving average price is $63.43. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.59 and a current ratio of 0.59. Fidelity National Information Services, Inc. has a 52-week low of $46.16 and a 52-week high of $82.74. The company has a market capitalization of $25.73 billion, a P/E ratio of 68.52, a price-to-earnings-growth ratio of 0.48 and a beta of 0.90.

Fidelity National Information Services (NYSE:FIS) last announced its earnings results on Tuesday, February 24th. The information technology services provider reported $1.68 earnings per share for the quarter, missing analysts’ consensus estimates of $1.69 by ($0.01). Fidelity National Information Services had a return on equity of 21.21% and a net margin of 3.58%.The firm had revenue of $2.81 billion for the quarter, compared to the consensus estimate of $2.74 billion. During the same period in the prior year, the business earned $1.40 EPS. Fidelity National Information Services’s quarterly revenue was up 8.2% on a year-over-year basis. Fidelity National Information Services has set its Q1 2026 guidance at 1.260-1.300 EPS and its FY 2026 guidance at 6.220-6.320 EPS. Equities analysts forecast that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current year.

Fidelity National Information Services Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 24th. Investors of record on Tuesday, March 10th will be given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 3.5%. The ex-dividend date is Tuesday, March 10th. This is a positive change from Fidelity National Information Services’s previous quarterly dividend of $0.40. Fidelity National Information Services’s dividend payout ratio is currently 219.18%.

Insider Buying and Selling

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein bought 941 shares of the firm’s stock in a transaction that occurred on Thursday, January 15th. The stock was acquired at an average price of $64.11 per share, with a total value of $60,327.51. Following the completion of the purchase, the director directly owned 14,529 shares of the company’s stock, valued at approximately $931,454.19. This trade represents a 6.93% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 0.21% of the stock is owned by corporate insiders.

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.