Fidelity National Information Services, Inc. $FIS Stock Sold by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd lowered its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 24.1% in the third quarter, Holdings Channel reports. The institutional investor owned 79,621 shares of the information technology services provider’s stock after selling 25,294 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Fidelity National Information Services were worth $2,620,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. MBM Wealth Consultants LLC purchased a new stake in shares of Fidelity National Information Services in the first quarter valued at about $33,000. Pension & Wealth Management Advisors Inc. acquired a new position in shares of Fidelity National Information Services during the third quarter worth about $35,000. N.E.W. Advisory Services LLC purchased a new position in Fidelity National Information Services during the second quarter worth about $58,000. Bank & Trust Co purchased a new position in Fidelity National Information Services during the third quarter worth about $51,000. Finally, Rexford Capital Inc. raised its holdings in Fidelity National Information Services by 16.1% during the first quarter. Rexford Capital Inc. now owns 1,656 shares of the information technology services provider’s stock worth $78,000 after purchasing an additional 230 shares in the last quarter. Institutional investors and hedge funds own 96.23% of the company’s stock.

Wall Street Analyst Weigh In

FIS has been the subject of a number of recent analyst reports. Bank of America started coverage on shares of Fidelity National Information Services in a research report on Thursday, October 15th. They issued a “buy” rating and a $42.00 price objective for the company. TD Cowen dropped their target price on Fidelity National Information Services from $53.00 to $47.00 and set a “buy” rating on the stock in a research report on Friday, October 9th. UBS Group reiterated a “neutral” rating on shares of Fidelity National Information Services in a research report on Monday, September 21st. Wells Fargo & Company reissued an “equal weight” rating and set a $46.00 target price (down from $58.00) on shares of Fidelity National Information Services in a research note on Tuesday, August 25th. Finally, Stephens reissued an “equal weight” rating and issued a $50.00 price target on shares of Fidelity National Information Services in a report on Tuesday, August 11th. Eleven analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $49.28.

Fidelity National Information Services Price Performance

Shares of NYSE FIS opened at $38.24 on Friday. The firm has a market capitalization of $19.76 billion, a P/E ratio of 5.87, a PEG ratio of 0.43 and a beta of 0.81. Fidelity National Information Services, Inc. has a one year low of $32.10 and a one year high of $68.98. The company’s fifty day moving average is $37.50 and its two-hundred day moving average is $40.96. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.53 and a current ratio of 0.53.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings results on Tuesday, August 4th. The information technology services provider reported $1.48 earnings per share for the quarter, topping analysts’ consensus estimates of $1.47 by $0.01. The business had revenue of $3.38 billion for the quarter, compared to analysts’ expectations of $3.38 billion. Fidelity National Information Services had a net margin of 27.64% and a return on equity of 20.95%. The business’s revenue for the quarter was up 29.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.36 EPS. Fidelity National Information Services has set its FY 2026 guidance at 6.150-6.240 EPS and its Q3 2026 guidance at 1.580-1.620 EPS. Analysts forecast that Fidelity National Information Services, Inc. will post 6.20 EPS for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Friday, September 11th were issued a dividend of $0.44 per share. The ex-dividend date of this dividend was Friday, September 11th. This represents a $1.76 dividend on an annualized basis and a yield of 4.6%. Fidelity National Information Services’s payout ratio is currently 27.04%.

Insiders Place Their Bets

In related news, Director Jeffrey Goldstein bought 1,585 shares of the stock in a transaction on Thursday, October 15th. The shares were bought at an average cost of $36.40 per share, for a total transaction of $57,694.00. Following the completion of the transaction, the director owned 18,697 shares of the company’s stock, valued at $680,570.80. This represents a 9.26% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.28% of the company’s stock.

Fidelity National Information Services Profile

Fidelity National Information Services, Inc (NYSE:FIS) is a global financial technology company that provides software, services and technology infrastructure to banks, financial institutions, merchants and other businesses. Its solutions are designed to support transaction processing, digital banking, payments, risk management and other essential financial operations.

FIS offers core banking and digital banking platforms, card and payment processing services, fraud and financial crime prevention tools, and technologies that help financial institutions manage accounts, lending and other banking activities.