SteelPeak Wealth LLC Decreases Stake in Fidelity National Information Services, Inc. $FIS

SteelPeak Wealth LLC lowered its stake in Fidelity National Information Services, Inc. (NYSE:FIS) by 77.9% in the 1st quarter, HoldingsChannel.com reports. The firm owned 7,616 shares of the information technology services provider’s stock after selling 26,825 shares during the period. SteelPeak Wealth LLC’s holdings in Fidelity National Information Services were worth $357,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC grew its holdings in shares of Fidelity National Information Services by 9.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 24,783 shares of the information technology services provider’s stock worth $1,119,000 after purchasing an additional 2,147 shares during the last quarter. Independent Financial Group LLC bought a new stake in Fidelity National Information Services during the 1st quarter valued at $243,000. D.A. Davidson & CO. raised its holdings in Fidelity National Information Services by 20.0% during the 1st quarter. D.A. Davidson & CO. now owns 20,862 shares of the information technology services provider’s stock valued at $979,000 after buying an additional 3,478 shares during the last quarter. Marks Group Wealth Management Inc boosted its position in Fidelity National Information Services by 70.8% during the 1st quarter. Marks Group Wealth Management Inc now owns 41,585 shares of the information technology services provider’s stock valued at $1,951,000 after buying an additional 17,235 shares during the period. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new stake in Fidelity National Information Services during the 1st quarter valued at $206,000. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Fidelity National Information Services Stock Down 1.9%

Shares of Fidelity National Information Services stock opened at $41.82 on Friday. 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’s fifty day simple moving average is $40.99 and its two-hundred day simple moving average is $48.36. The company has a market cap of $21.62 billion, a P/E ratio of 8.11, a PEG ratio of 0.41 and a beta of 0.80. Fidelity National Information Services, Inc. has a 12-month low of $37.42 and a 12-month high of $82.62.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings data on Friday, May 8th. The information technology services provider reported $1.36 EPS for the quarter, topping the consensus estimate of $1.28 by $0.08. The business had revenue of $3.29 billion during the quarter, compared to analyst estimates of $3.28 billion. Fidelity National Information Services had a net margin of 23.35% and a return on equity of 21.30%. The company’s revenue for the quarter was up 30.1% on a year-over-year basis. During the same period 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. Research analysts anticipate that Fidelity National Information Services, Inc. will post 6.28 EPS for the current year.

Fidelity National Information Services Dividend Announcement

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

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Oppenheimer decreased their price objective on shares of Fidelity National Information Services from $69.00 to $62.00 in a research report on Friday, May 8th. The Goldman Sachs Group dropped their target price on shares of Fidelity National Information Services from $65.00 to $57.00 and set a “buy” rating for the company in a report on Monday, May 11th. Royal Bank Of Canada cut their target price on Fidelity National Information Services from $69.00 to $57.00 and set an “outperform” rating on the stock in a research note on Friday, May 8th. Weiss Ratings downgraded Fidelity National Information Services from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, July 9th. Finally, BNP Paribas Exane lowered their price target on Fidelity National Information Services from $40.00 to $37.00 and set an “underperform” rating for the company in a research report on Thursday, May 14th. Thirteen research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $58.77.

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.