Fidelity National Information Services, Inc. $FIS Stock: WASHINGTON TRUST Co Cuts Stake

WASHINGTON TRUST Co decreased its position in Fidelity National Information Services, Inc. (NYSE:FIS) by 80.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 14,679 shares of the information technology services provider’s stock after selling 60,695 shares during the quarter. WASHINGTON TRUST Co’s holdings in Fidelity National Information Services were worth $483,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FIS. Pension & Wealth Management Advisors Inc. bought a new position in shares of Fidelity National Information Services in the third quarter worth about $35,000. Bank & Trust Co acquired a new stake in Fidelity National Information Services in the third quarter worth $51,000. N.E.W. Advisory Services LLC acquired a new position in Fidelity National Information Services in the second quarter valued at about $58,000. Rexford Capital Inc. increased its holdings in shares of Fidelity National Information Services by 16.1% in the first quarter. Rexford Capital Inc. now owns 1,656 shares of the information technology services provider’s stock worth $78,000 after acquiring an additional 230 shares in the last quarter. Finally, New England Capital Financial Advisors LLC increased its holdings in shares of Fidelity National Information Services by 21.8% in the first quarter. New England Capital Financial Advisors LLC now owns 1,692 shares of the information technology services provider’s stock worth $79,000 after acquiring an additional 303 shares in the last quarter. 96.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Jeffrey Goldstein purchased 1,585 shares of Fidelity National Information Services stock in a transaction on Thursday, October 15th. The stock was acquired at an average cost of $36.40 per share, for a total transaction of $57,694.00. Following the completion of the acquisition, the director owned 18,697 shares of the company’s stock, valued at $680,570.80. This trade represents a 9.26% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.28% of the company’s stock.

Fidelity National Information Services Price Performance

Fidelity National Information Services stock opened at $37.53 on Friday. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.96. Fidelity National Information Services, Inc. has a 12 month low of $32.10 and a 12 month high of $68.98. The stock has a 50-day moving average price of $37.40 and a two-hundred day moving average price of $40.93. The company has a market capitalization of $19.40 billion, a PE ratio of 5.77, a P/E/G ratio of 0.44 and a beta of 0.81.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings data on Tuesday, August 4th. The information technology services provider reported $1.48 earnings per share for the quarter, beating analysts’ consensus estimates of $1.47 by $0.01. The business had revenue of $3.38 billion during the quarter, compared to the consensus estimate of $3.38 billion. Fidelity National Information Services had a return on equity of 20.95% and a net margin of 27.64%. Fidelity National Information Services’s quarterly revenue was up 29.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.36 earnings per share. Fidelity National Information Services has set its FY 2026 guidance at 6.150-6.240 EPS and its Q3 2026 guidance at 1.580-1.620 EPS. Analysts expect that Fidelity National Information Services, Inc. will post 6.20 EPS for the current year.

Fidelity National Information Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Friday, September 11th were given a dividend of $0.44 per share. The ex-dividend date was Friday, September 11th. This represents a $1.76 annualized dividend and a dividend yield of 4.7%. Fidelity National Information Services’s dividend payout ratio is presently 27.04%.

Wall Street Analysts Forecast Growth

FIS has been the subject of a number of research analyst reports. Morgan Stanley assumed coverage on shares of Fidelity National Information Services in a research note on Tuesday, July 7th. They issued an “equal weight” rating and a $47.00 target price for the company. The Goldman Sachs Group dropped their target price on Fidelity National Information Services from $52.00 to $44.00 and set a “buy” rating on the stock in a report on Tuesday, October 13th. TD Cowen decreased their price objective on shares of Fidelity National Information Services from $53.00 to $47.00 and set a “buy” rating for the company in a research report on Friday, October 9th. National Bank Financial set a $45.00 target price on shares of Fidelity National Information Services in a research note on Friday, October 16th. Finally, Royal Bank Of Canada reduced their price objective on shares of Fidelity National Information Services from $57.00 to $53.00 and set an “outperform” rating for the company in a research report on Wednesday, August 5th. Eleven analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $49.04.

Fidelity National Information Services Profile

Fidelity National Information Services, Inc (NYSE:FIS) is a global financial technology company that provides software, services and technology infrastructure to banks, financial institutions, merchants and other businesses. Its solutions are designed to support transaction processing, digital banking, payments, risk management and other essential financial operations.

FIS offers core banking and digital banking platforms, card and payment processing services, fraud and financial crime prevention tools, and technologies that help financial institutions manage accounts, lending and other banking activities.