Sterling Capital Management LLC Sells 13,747 Shares of Fidelity National Information Services, Inc. $FIS

Sterling Capital Management LLC cut its stake in Fidelity National Information Services, Inc. (NYSE:FIS) by 44.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,522 shares of the information technology services provider’s stock after selling 13,747 shares during the period. Sterling Capital Management LLC’s holdings in Fidelity National Information Services were worth $822,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. BOKF NA raised its stake in Fidelity National Information Services by 0.6% in the third quarter. BOKF NA now owns 28,031 shares of the information technology services provider’s stock valued at $1,848,000 after purchasing an additional 159 shares in the last quarter. Fiduciary Trust Co increased its holdings 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 buying an additional 161 shares during the period. FJ Capital Management LLC raised its position in shares of 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 buying an additional 163 shares in the last quarter. Spire Wealth Management lifted its holdings in shares of Fidelity National Information Services by 15.6% during the 4th quarter. Spire Wealth Management now owns 1,299 shares of the information technology services provider’s stock worth $86,000 after acquiring an additional 175 shares during the period. Finally, Salomon & Ludwin LLC boosted 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 worth $26,000 after acquiring an additional 194 shares in the last quarter. 96.23% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Wall Street Zen downgraded shares of Fidelity National Information Services from a “buy” rating to a “hold” rating in a research report on Sunday, May 17th. Truist Financial reduced their target price on Fidelity National Information Services from $50.00 to $45.00 and set a “hold” rating on the stock in a report on Thursday, May 28th. Oppenheimer lowered their price target on Fidelity National Information Services from $69.00 to $62.00 in a report on Friday, May 8th. Stephens reduced their price objective on 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, Keefe, Bruyette & Woods decreased their target price on Fidelity National Information Services from $72.00 to $68.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 7th. Thirteen equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $61.33.

Fidelity National Information Services Stock Performance

Shares of FIS stock opened at $40.78 on Thursday. The firm has a market capitalization of $21.08 billion, a price-to-earnings ratio of 7.90, a PEG ratio of 0.38 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. The business’s 50-day moving average price is $42.10 and its 200-day moving average price is $50.35. Fidelity National Information Services, Inc. has a 12 month low of $37.42 and a 12 month high of $82.62.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings data on Friday, May 8th. The information technology services provider reported $1.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.08. Fidelity National Information Services had a return on equity of 21.30% and a net margin of 23.35%.The company had revenue of $3.29 billion during the quarter, compared to the consensus estimate of $3.28 billion. During the same quarter in the prior year, the firm posted $1.21 earnings per share. The firm’s revenue was up 30.1% compared to the same quarter last year. 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Thursday, June 11th were issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date was Thursday, June 11th. Fidelity National Information Services’s payout ratio is 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.