London Co. of Virginia Lowers Stock Holdings in Fidelity National Information Services, Inc. $FIS

London Co. of Virginia lowered its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 10.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,164,254 shares of the information technology services provider’s stock after selling 256,171 shares during the period. London Co. of Virginia’s holdings in Fidelity National Information Services were worth $101,525,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Salomon & Ludwin LLC raised its holdings in shares of Fidelity National Information Services by 100.5% during the 4th quarter. Salomon & Ludwin LLC now owns 387 shares of the information technology services provider’s stock valued at $26,000 after buying an additional 194 shares in the last quarter. MBM Wealth Consultants LLC bought a new stake in Fidelity National Information Services in the 1st quarter worth approximately $33,000. Thurston Springer Miller Herd & Titak Inc. boosted its stake in Fidelity National Information Services by 251.4% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 506 shares of the information technology services provider’s stock worth $34,000 after buying an additional 362 shares in the last quarter. Reflection Asset Management purchased a new stake in Fidelity National Information Services in the fourth quarter worth approximately $34,000. Finally, Kemnay Advisory Services Inc. bought a new position in Fidelity National Information Services during the fourth quarter valued at approximately $42,000. 96.23% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on FIS. Royal Bank Of Canada decreased their price target on shares of 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. Cantor Fitzgerald reduced their target price on shares of Fidelity National Information Services from $62.00 to $55.00 and set an “overweight” rating on the stock in a report on Monday, May 11th. Morgan Stanley began coverage on shares of Fidelity National Information Services in a research report on Tuesday, July 7th. They issued an “equal weight” rating and a $47.00 target price on the stock. Wall Street Zen downgraded shares of Fidelity National Information Services from a “buy” rating to a “hold” rating in a research note on Sunday, May 17th. Finally, Barclays initiated coverage on shares of Fidelity National Information Services in a research report on Wednesday, July 8th. They set an “equal weight” rating and a $44.00 price target for the company. Thirteen 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 stock. Based on data from MarketBeat, Fidelity National Information Services presently has an average rating of “Hold” and a consensus price target of $58.68.

Fidelity National Information Services Stock Performance

Shares of FIS stock opened at $41.58 on Friday. The company has a market capitalization of $21.49 billion, a P/E ratio of 8.06, a PEG ratio of 0.41 and a beta of 0.80. Fidelity National Information Services, Inc. has a fifty-two week low of $37.42 and a fifty-two week high of $82.62. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.59 and a current ratio of 0.59. The stock has a 50 day moving average price of $40.87 and a two-hundred day moving average price of $47.47.

Fidelity National Information Services (NYSE:FIS) last issued 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 net margin of 23.35% and a return on equity of 21.30%. The firm had revenue of $3.29 billion for the quarter, compared to analysts’ expectations of $3.28 billion. During the same quarter last year, the business earned $1.21 earnings per share. The business’s revenue 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. Analysts expect that Fidelity National Information Services, Inc. will post 6.28 earnings per share for the current year.

Fidelity National Information Services Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Thursday, June 11th were issued 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 (DPR) is 34.11%.

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.