Pictet Asset Management Holding SA Sells 1,178,416 Shares of Fidelity National Information Services, Inc. $FIS

Pictet Asset Management Holding SA reduced its stake in Fidelity National Information Services, Inc. (NYSE:FIS) by 75.4% during the fourth quarter, HoldingsChannel reports. The firm owned 384,057 shares of the information technology services provider’s stock after selling 1,178,416 shares during the period. Pictet Asset Management Holding SA’s holdings in Fidelity National Information Services were worth $25,524,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of FIS. Dodge & Cox raised its position in shares of Fidelity National Information Services by 22.2% during the 3rd quarter. Dodge & Cox now owns 43,105,207 shares of the information technology services provider’s stock valued at $2,842,357,000 after buying an additional 7,830,710 shares in the last quarter. Balyasny Asset Management L.P. grew its position in Fidelity National Information Services by 585.9% in the third quarter. Balyasny Asset Management L.P. now owns 2,365,322 shares of the information technology services provider’s stock worth $155,969,000 after acquiring an additional 2,852,118 shares in the last quarter. Mizuho Markets Americas LLC grew its position in Fidelity National Information Services by 49.1% in the third quarter. Mizuho Markets Americas LLC now owns 4,609,169 shares of the information technology services provider’s stock worth $303,929,000 after acquiring an additional 1,518,200 shares in the last quarter. AQR Capital Management LLC increased its stake in Fidelity National Information Services by 71.7% in the second quarter. AQR Capital Management LLC now owns 2,483,575 shares of the information technology services provider’s stock valued at $201,294,000 after acquiring an additional 1,037,100 shares during the last quarter. Finally, Nomura Holdings Inc. raised its position in Fidelity National Information Services by 32,832.1% during the third quarter. Nomura Holdings Inc. now owns 843,390 shares of the information technology services provider’s stock valued at $55,613,000 after purchasing an additional 840,829 shares in the last quarter. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on FIS shares. TD Cowen dropped their price target on Fidelity National Information Services from $89.00 to $78.00 and set a “buy” rating for the company in a research note on Wednesday, February 25th. The Goldman Sachs Group decreased their price objective on Fidelity National Information Services from $70.00 to $65.00 and set a “buy” rating on the stock in a report on Monday, April 13th. BNP Paribas Exane dropped their target price on Fidelity National Information Services from $47.00 to $40.00 and set an “underperform” rating for the company in a research report on Friday, April 10th. Keefe, Bruyette & Woods reduced their price target on shares of 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. Finally, Raymond James Financial decreased their price target on shares of 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. Thirteen equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $67.10.

Insider Buying and Selling

In other Fidelity National Information Services news, CEO Stephanie Ferris purchased 19,846 shares of the 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 transaction, the chief executive officer directly owned 281,458 shares of the company’s stock, valued at approximately $14,182,668.62. This trade represents a 7.59% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.21% of the stock is owned by insiders.

Fidelity National Information Services Trading Up 0.8%

NYSE:FIS opened at $46.60 on Friday. The firm has a market capitalization of $23.97 billion, a P/E ratio of 63.84, a P/E/G ratio of 0.45 and a beta of 0.90. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.65. The company has a fifty day moving average of $48.16 and a 200 day moving average of $57.60. Fidelity National Information Services, Inc. has a 52 week low of $43.29 and a 52 week high of $82.74.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings results on Tuesday, February 24th. The information technology services provider reported $1.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.69 by ($0.01). The firm had revenue of $2.81 billion during the quarter, compared to the consensus estimate of $2.74 billion. Fidelity National Information Services had a return on equity of 21.21% and a net margin of 3.58%.Fidelity National Information Services’s revenue was up 8.2% on a year-over-year basis. During the same period last year, the business earned $1.40 EPS. Fidelity National Information Services has set its Q1 2026 guidance at 1.260-1.300 EPS and its FY 2026 guidance at 6.220-6.320 EPS. On average, research analysts predict that Fidelity National Information Services, Inc. will post 6.27 earnings per share for the current year.

Fidelity National Information Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Investors 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 3.8%. The ex-dividend date is Thursday, June 11th. Fidelity National Information Services’s payout ratio is currently 241.10%.

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.