Sumitomo Mitsui Trust Group Inc. Has $56.99 Million Stock Position in Fidelity National Information Services, Inc. $FIS

Sumitomo Mitsui Trust Group Inc. reduced its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 5.5% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,214,972 shares of the information technology services provider’s stock after selling 70,700 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Fidelity National Information Services were worth $56,994,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Resona Asset Management Co. Ltd. boosted its holdings in shares of Fidelity National Information Services by 1.4% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 164,825 shares of the information technology services provider’s stock worth $7,749,000 after buying an additional 2,324 shares in the last quarter. Frank Rimerman Advisors LLC increased its stake in shares of Fidelity National Information Services by 29.6% in the 1st quarter. Frank Rimerman Advisors LLC now owns 7,773 shares of the information technology services provider’s stock valued at $365,000 after acquiring an additional 1,775 shares in the last quarter. Saxon Interests Inc. increased its stake in shares of Fidelity National Information Services by 23.2% in the 1st quarter. Saxon Interests Inc. now owns 10,255 shares of the information technology services provider’s stock valued at $481,000 after acquiring an additional 1,928 shares in the last quarter. Jackson Thornton Wealth Management LLC acquired a new position in shares of Fidelity National Information Services during the 1st quarter valued at $216,000. Finally, R Squared Ltd lifted its position in shares of Fidelity National Information Services by 6.0% during the 1st quarter. R Squared Ltd now owns 6,516 shares of the information technology services provider’s stock valued at $306,000 after acquiring an additional 370 shares during the period. 96.23% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have commented on FIS. Truist Financial reduced their price target on shares of Fidelity National Information Services from $50.00 to $45.00 and set a “hold” rating for the company in a report on Thursday, May 28th. Morgan Stanley initiated coverage on shares of Fidelity National Information Services in a report on Tuesday, July 7th. They set an “equal weight” rating and a $47.00 price objective on the stock. Cantor Fitzgerald cut their price objective on shares of Fidelity National Information Services from $62.00 to $55.00 and set an “overweight” rating on the stock in a research report on Monday, May 11th. Citigroup reduced their target price on Fidelity National Information Services from $53.00 to $48.00 in a research note on Friday, May 8th. Finally, BNP Paribas Exane decreased their target price on Fidelity National Information Services from $40.00 to $37.00 and set an “underperform” rating for the company in a research report on Thursday, May 14th. Thirteen investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Fidelity National Information Services currently has a consensus rating of “Hold” and a consensus target price of $59.96.

Fidelity National Information Services Stock Up 0.9%

NYSE FIS traded up $0.38 during mid-day trading on Friday, hitting $41.99. The company’s stock had a trading volume of 4,502,890 shares, compared to its average volume of 5,609,069. The firm has a market capitalization of $21.70 billion, a price-to-earnings ratio of 8.14, a PEG ratio of 0.41 and a beta of 0.80. The company’s 50 day simple moving average is $41.43 and its 200 day simple moving average is $49.25. 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, Inc. has a twelve month low of $37.42 and a twelve 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 for the quarter, topping the consensus estimate of $1.28 by $0.08. Fidelity National Information Services had a net margin of 23.35% and a return on equity of 21.30%. The firm had revenue of $3.29 billion for the quarter, compared to the consensus estimate of $3.28 billion. During the same quarter in the prior year, the company posted $1.21 earnings per share. The business’s 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. Analysts anticipate that Fidelity National Information Services, Inc. will post 6.28 earnings per share for the current year.

Fidelity National Information Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Thursday, June 11th were issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date was Thursday, June 11th. Fidelity National Information Services’s dividend payout ratio is currently 34.11%.

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.