Reinhart Partners LLC. reduced its holdings in Fidelity National Information Services, Inc. (NYSE:FIS – Free Report) by 27.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 74,289 shares of the information technology services provider’s stock after selling 27,632 shares during the quarter. Reinhart Partners LLC.’s holdings in Fidelity National Information Services were worth $4,937,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently bought and sold shares of FIS. Salomon & Ludwin LLC raised its holdings in Fidelity National Information Services by 100.5% during the fourth quarter. Salomon & Ludwin LLC now owns 387 shares of the information technology services provider’s stock worth $26,000 after purchasing an additional 194 shares during the last quarter. Raiffeisen Bank International AG acquired a new position in Fidelity National Information Services during the third quarter worth $29,000. GoalVest Advisory LLC acquired a new position in Fidelity National Information Services during the fourth quarter worth $33,000. Thurston Springer Miller Herd & Titak Inc. raised its holdings in Fidelity National Information Services by 251.4% during 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 purchasing an additional 362 shares during the last quarter. Finally, Hantz Financial Services Inc. raised its holdings in Fidelity National Information Services by 254.5% during the fourth quarter. Hantz Financial Services Inc. now owns 833 shares of the information technology services provider’s stock worth $55,000 after purchasing an additional 598 shares during the last quarter. 96.23% of the stock is owned by institutional investors and hedge funds.
Insider Transactions at Fidelity National Information Services
In other news, CEO Stephanie Ferris purchased 19,846 shares of the stock in a transaction on Thursday, March 5th. The stock was purchased at an average price of $50.39 per share, with a total value of $1,000,039.94. Following the completion of the transaction, the chief executive officer owned 281,458 shares in the company, valued at approximately $14,182,668.62. The trade was a 7.59% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.28% of the company’s stock.
Fidelity National Information Services Price Performance
Fidelity National Information Services (NYSE:FIS – Get Free Report) last announced its quarterly earnings data on Friday, May 8th. The information technology services provider reported $1.36 EPS 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 the consensus estimate 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 revenue for the quarter was up 30.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.21 earnings per share. 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. Equities research analysts forecast that Fidelity National Information Services, Inc. will post 6.28 EPS for the current year.
Fidelity National Information Services Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Thursday, June 11th will be given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend is Thursday, June 11th. Fidelity National Information Services’s payout ratio is 34.11%.
Analysts Set New Price Targets
Several brokerages recently issued reports on FIS. Argus reduced their price objective on Fidelity National Information Services from $92.00 to $65.00 and set a “buy” rating for the company in a report on Thursday, February 26th. Raymond James Financial reduced their price objective on Fidelity National Information Services from $82.00 to $60.00 and set an “outperform” rating for the company in a report on Wednesday, February 25th. Cantor Fitzgerald reduced their price objective on Fidelity National Information Services from $62.00 to $55.00 and set an “overweight” rating for the company in a report on Monday, May 11th. Stephens reduced their price objective on Fidelity National Information Services from $85.00 to $65.00 and set an “overweight” rating for the company in a report on Friday, May 8th. Finally, Royal Bank Of Canada reduced their price objective on Fidelity National Information Services from $69.00 to $57.00 and set an “outperform” rating for the company in a report on Friday, May 8th. Thirteen research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $61.33.
View Our Latest Research Report on FIS
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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