Crescent Grove Advisors LLC trimmed its holdings in Fidelity National Information Services, Inc. (NYSE:FIS – Free Report) by 11.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 220,427 shares of the information technology services provider’s stock after selling 27,691 shares during the quarter. Crescent Grove Advisors LLC’s holdings in Fidelity National Information Services were worth $7,252,000 at the end of the most recent reporting period.
Several other large investors have also recently added to or reduced their stakes in FIS. BlackRock Inc. acquired a new position in Fidelity National Information Services during the 2nd quarter worth $1,730,200,000. Barrow Hanley Mewhinney & Strauss LLC bought a new position in shares of Fidelity National Information Services in the second quarter worth $219,162,000. Bank of America Corp DE acquired a new position in shares of Fidelity National Information Services during the second quarter valued at $189,387,000. Arrowstreet Capital Limited Partnership increased its holdings in shares of Fidelity National Information Services by 228.7% during the first quarter. Arrowstreet Capital Limited Partnership now owns 3,015,663 shares of the information technology services provider’s stock valued at $141,465,000 after purchasing an additional 2,098,139 shares during the period. Finally, Legal & General Group Plc acquired a new position in shares of Fidelity National Information Services during the second quarter valued at $129,815,000. 96.23% of the stock is currently owned by institutional investors and hedge funds.
Insider Transactions at Fidelity National Information Services
In other news, Director Jeffrey Goldstein bought 1,585 shares of the stock in a transaction that occurred on Thursday, October 15th. The shares were acquired at an average cost of $36.40 per share, for a total transaction of $57,694.00. Following the purchase, the director owned 18,697 shares of the company’s stock, valued at $680,570.80. This represents a 9.26% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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.
Wall Street Analyst Weigh In
A number of equities research analysts recently weighed in on the stock. Wells Fargo & Company restated an “equal weight” rating and set a $46.00 price objective (down from $58.00) on shares of Fidelity National Information Services in a research note on Tuesday, August 25th. Wolfe Research raised their price objective on shares of Fidelity National Information Services from $53.00 to $54.00 and gave the company an “outperform” rating in a research note on Tuesday, August 25th. Stephens reaffirmed an “equal weight” rating and issued a $50.00 price target on shares of Fidelity National Information Services in a report on Tuesday, August 11th. TD Cowen cut their price objective on Fidelity National Information Services from $53.00 to $47.00 and set a “buy” rating on the stock in a report on Friday, October 9th. Finally, Keefe, Bruyette & Woods reduced their target price on Fidelity National Information Services from $60.00 to $56.00 and set an “outperform” rating for the company in a report on Wednesday, August 5th. Eleven research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $49.28.
Get Our Latest Stock Analysis on FIS
Fidelity National Information Services Stock Performance
Shares of FIS opened at $36.40 on Thursday. The firm has a market cap of $18.82 billion, a price-to-earnings ratio of 5.59, a price-to-earnings-growth ratio of 0.43 and a beta of 0.81. The company’s fifty day moving average is $37.62 and its 200-day moving average is $41.01. The company has a quick ratio of 0.53, a current 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.
Fidelity National Information Services (NYSE:FIS – Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The information technology services provider reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.01. The business had revenue of $3.38 billion during the quarter, compared to analyst estimates of $3.38 billion. Fidelity National Information Services had a net margin of 27.64% and a return on equity of 20.95%. Fidelity National Information Services’s quarterly revenue was up 29.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.36 EPS. 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. Equities analysts expect that Fidelity National Information Services, Inc. will post 6.20 EPS for the current fiscal year.
Fidelity National Information Services Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Friday, September 11th were given a dividend of $0.44 per share. The ex-dividend date of this dividend was Friday, September 11th. This represents a $1.76 dividend on an annualized basis and a yield of 4.8%. Fidelity National Information Services’s dividend payout ratio is presently 27.04%.
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.
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