Legal & General Group Plc Sells 93,013 Shares of Fidelity National Information Services, Inc. $FIS

Legal & General Group Plc trimmed its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 2.5% during the fourth quarter, HoldingsChannel reports. The firm owned 3,609,432 shares of the information technology services provider’s stock after selling 93,013 shares during the quarter. Legal & General Group Plc’s holdings in Fidelity National Information Services were worth $239,883,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. BOKF NA raised its stake in Fidelity National Information Services by 0.6% in the 3rd quarter. BOKF NA now owns 28,031 shares of the information technology services provider’s stock valued at $1,848,000 after acquiring an additional 159 shares during the period. Fiduciary Trust Co raised its stake in Fidelity National Information Services by 4.9% in the 3rd quarter. Fiduciary Trust Co now owns 3,465 shares of the information technology services provider’s stock valued at $228,000 after acquiring an additional 161 shares during the period. FJ Capital Management LLC raised its stake in Fidelity National Information Services by 4.7% in the 2nd quarter. FJ Capital Management LLC now owns 3,600 shares of the information technology services provider’s stock valued at $293,000 after acquiring an additional 163 shares during the period. Spire Wealth Management raised its stake in Fidelity National Information Services by 15.6% in the 4th quarter. Spire Wealth Management now owns 1,299 shares of the information technology services provider’s stock valued at $86,000 after acquiring an additional 175 shares during the period. Finally, Michels Family Financial LLC raised its stake in Fidelity National Information Services by 2.9% in the 3rd quarter. Michels Family Financial LLC now owns 6,905 shares of the information technology services provider’s stock valued at $455,000 after acquiring an additional 194 shares during the period. 96.23% of the stock is currently owned by institutional investors.

Fidelity National Information Services Stock Down 0.5%

FIS stock opened at $42.00 on Thursday. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 1.05. The firm has a market capitalization of $21.71 billion, a PE ratio of 8.14, a PEG ratio of 0.41 and a beta of 0.82. Fidelity National Information Services, Inc. has a twelve month low of $41.33 and a twelve month high of $82.74. The stock has a 50-day simple moving average of $45.96 and a two-hundred day simple moving average of $54.84.

Fidelity National Information Services (NYSE:FIS) last posted its earnings results on Friday, May 8th. The information technology services provider reported $1.36 earnings per share for the quarter, beating analysts’ consensus estimates of $1.28 by $0.08. The business had revenue of $3.30 billion during 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 company’s quarterly revenue was up 30.1% compared to the same quarter last year. During the same quarter in the previous year, the firm 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. On average, equities analysts predict that Fidelity National Information Services, Inc. will post 6.28 EPS for the current fiscal year.

Fidelity National Information Services Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Raymond James Financial lowered their price objective on Fidelity National Information Services from $82.00 to $60.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 25th. Royal Bank Of Canada lowered their price objective 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. Wall Street Zen cut Fidelity National Information Services from a “buy” rating to a “hold” rating in a research note on Sunday, May 17th. UBS Group lowered their price objective on Fidelity National Information Services from $73.00 to $63.00 and set a “buy” rating on the stock in a research note on Monday, May 11th. Finally, TD Cowen lowered their price objective on Fidelity National Information Services from $78.00 to $62.00 and set a “buy” rating on the stock in a research note on Tuesday, May 12th. Thirteen equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $61.57.

Insiders Place Their Bets

In related news, CEO Stephanie Ferris bought 19,846 shares of Fidelity National Information Services stock in a transaction on Thursday, March 5th. The stock was acquired at an average price of $50.39 per share, with a total value of $1,000,039.94. Following the acquisition, the chief executive officer directly owned 281,458 shares of the company’s stock, valued at $14,182,668.62. This represents a 7.59% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.28% of the stock is owned by insiders.

Fidelity National Information Services Company 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.