Principal Financial Group Inc. lowered its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS – Free Report) by 12.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 576,941 shares of the information technology services provider’s stock after selling 80,148 shares during the quarter. Principal Financial Group Inc.’s holdings in Fidelity National Information Services were worth $27,064,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of FIS. Salomon & Ludwin LLC raised its position 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 purchasing an additional 194 shares during the period. MBM Wealth Consultants LLC bought a new position in Fidelity National Information Services in the 1st quarter worth $33,000. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in Fidelity National Information Services by 251.4% in the 4th 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 during the period. Reflection Asset Management purchased a new stake in Fidelity National Information Services in the 4th quarter worth $34,000. Finally, Kemnay Advisory Services Inc. bought a new stake in Fidelity National Information Services during the fourth quarter valued at about $42,000. 96.23% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
Several brokerages have commented on FIS. Citigroup cut their price objective on Fidelity National Information Services from $53.00 to $48.00 in a research report on Friday, May 8th. Truist Financial decreased their target price on Fidelity National Information Services from $50.00 to $45.00 and set a “hold” rating for the company in a research report on Thursday, May 28th. Royal Bank Of Canada lowered their target price on shares of Fidelity National Information Services from $69.00 to $57.00 and set an “outperform” rating for the company in a research note on Friday, May 8th. Stephens reduced their price target on shares of Fidelity National Information Services from $85.00 to $65.00 and set an “overweight” rating on the stock in a research note on Friday, May 8th. Finally, Weiss Ratings lowered shares of Fidelity National Information Services from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, July 9th. Thirteen analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Fidelity National Information Services has an average rating of “Hold” and an average target price of $58.77.
Fidelity National Information Services Stock Up 0.7%
Shares of NYSE FIS opened at $42.21 on Tuesday. Fidelity National Information Services, Inc. has a 12-month low of $37.42 and a 12-month high of $82.62. The stock’s fifty day simple moving average is $40.99 and its two-hundred day simple moving average is $48.05. The stock has a market capitalization of $21.82 billion, a PE ratio of 8.18, a price-to-earnings-growth ratio of 0.41 and a beta of 0.80. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 1.05.
Fidelity National Information Services (NYSE:FIS – Get Free Report) last released 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 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%.The business’s quarterly revenue was up 30.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $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. As a group, analysts expect that Fidelity National Information Services, Inc. will post 6.28 EPS for the current fiscal year.
Fidelity National Information Services Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Thursday, June 11th were paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend 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%.
Fidelity National Information Services 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.
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