Fidelity National Information Services, Inc. $FIS Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. cut its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 21.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 166,145 shares of the information technology services provider’s stock after selling 44,524 shares during the period. PNC Financial Services Group Inc.’s holdings in Fidelity National Information Services were worth $7,794,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Oslo Pensjonsforsikring AS purchased a new position in Fidelity National Information Services in the first quarter valued at $288,000. KBC Group NV grew its position in shares of Fidelity National Information Services by 2.8% during the 1st quarter. KBC Group NV now owns 111,871 shares of the information technology services provider’s stock valued at $5,248,000 after acquiring an additional 3,037 shares during the period. SEB Asset Management AB acquired a new stake in shares of Fidelity National Information Services during the 1st quarter valued at about $4,910,000. Swiss National Bank increased its stake in shares of Fidelity National Information Services by 6.1% in the 1st quarter. Swiss National Bank now owns 1,519,746 shares of the information technology services provider’s stock valued at $71,291,000 after purchasing an additional 87,800 shares in the last quarter. Finally, AIA Group Ltd increased its stake in shares of Fidelity National Information Services by 59.2% in the 1st quarter. AIA Group Ltd now owns 137,810 shares of the information technology services provider’s stock valued at $6,465,000 after purchasing an additional 51,256 shares in the last quarter. Institutional investors and hedge funds own 96.23% of the company’s stock.

Fidelity National Information Services Trading Up 0.2%

Shares of Fidelity National Information Services stock opened at $41.58 on Monday. The firm has a market capitalization of $21.49 billion, a PE ratio of 8.06, a P/E/G ratio of 0.41 and a beta of 0.80. Fidelity National Information Services, Inc. has a twelve month low of $37.42 and a twelve month high of $82.62. The firm’s 50-day moving average price is $40.87 and its 200 day moving average price is $47.34. 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) last posted 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. 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 analyst estimates of $3.28 billion. During the same period in the previous year, the business earned $1.21 EPS. Fidelity National Information Services’s quarterly revenue was up 30.1% on a year-over-year basis. 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, sell-side analysts predict 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 declared a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Thursday, June 11th were given 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 was Thursday, June 11th. Fidelity National Information Services’s payout ratio is presently 34.11%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on FIS. Barclays initiated coverage on Fidelity National Information Services in a research report on Wednesday, July 8th. They set an “equal weight” rating and a $44.00 price target on the stock. Deutsche Bank Aktiengesellschaft cut their price objective on Fidelity National Information Services from $55.00 to $50.00 in a research report on Monday, May 11th. Keefe, Bruyette & Woods reduced their target price on Fidelity National Information Services from $72.00 to $68.00 and set an “outperform” rating for the company in a research note on Tuesday, April 7th. Oppenheimer decreased their target price on Fidelity National Information Services from $69.00 to $62.00 in a research report on Friday, May 8th. Finally, The Goldman Sachs Group dropped their price target on shares of Fidelity National Information Services from $65.00 to $57.00 and set a “buy” rating on the stock in a research note on Monday, May 11th. Thirteen analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $58.68.

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.