CIBC Private Wealth Group LLC Decreases Holdings in Fidelity National Information Services, Inc. $FIS

CIBC Private Wealth Group LLC trimmed its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 1.6% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 3,119,616 shares of the information technology services provider’s stock after selling 50,044 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in Fidelity National Information Services were worth $205,707,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Raiffeisen Bank International AG bought a new position in shares of Fidelity National Information Services during the 3rd quarter valued at $29,000. LRI Investments LLC lifted its stake in Fidelity National Information Services by 613.1% in the third quarter. LRI Investments LLC now owns 435 shares of the information technology services provider’s stock worth $29,000 after purchasing an additional 374 shares during the last quarter. Root Financial Partners LLC purchased a new stake in Fidelity National Information Services during the third quarter valued at about $29,000. Steigerwald Gordon & Koch Inc. bought a new position in shares of Fidelity National Information Services during the third quarter valued at about $37,000. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Fidelity National Information Services during the third quarter valued at about $43,000. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Insider Buying and Selling at Fidelity National Information Services

In other Fidelity National Information Services news, CEO Stephanie Ferris purchased 19,846 shares of the firm’s stock in a transaction that occurred on Thursday, March 5th. The stock was bought at an average cost of $50.39 per share, for a total transaction of $1,000,039.94. Following the purchase, the chief executive officer directly owned 281,458 shares in the company, valued at $14,182,668.62. The trade was a 7.59% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jeffrey A. Goldstein purchased 941 shares of the stock in a transaction that occurred on Thursday, January 15th. The shares were acquired at an average cost of $64.11 per share, with a total value of $60,327.51. Following the completion of the transaction, the director owned 14,529 shares in the company, valued at $931,454.19. This trade represents a 6.93% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Company insiders own 0.21% of the company’s stock.

Analyst Ratings Changes

FIS has been the subject of a number of recent research reports. Compass Point lowered their target price on Fidelity National Information Services from $90.00 to $81.00 and set a “buy” rating for the company in a research note on Tuesday, January 13th. UBS Group reduced their price target on Fidelity National Information Services from $83.00 to $73.00 and set a “buy” rating on the stock in a research report on Wednesday, February 25th. Weiss Ratings reiterated a “sell (d)” rating on shares of Fidelity National Information Services in a research report on Thursday, January 22nd. Truist Financial dropped their price objective on Fidelity National Information Services from $69.00 to $57.00 and set a “hold” rating for the company in a research note on Tuesday, March 3rd. Finally, Keefe, Bruyette & Woods cut their target price on shares of Fidelity National Information Services from $85.00 to $72.00 and set an “outperform” rating on the stock in a report on Wednesday, February 25th. Fourteen equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $69.86.

Fidelity National Information Services Stock Performance

Fidelity National Information Services stock opened at $50.26 on Wednesday. Fidelity National Information Services, Inc. has a fifty-two week low of $46.16 and a fifty-two week high of $82.74. The stock’s 50 day simple moving average is $54.15 and its two-hundred day simple moving average is $61.90. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.59 and a current ratio of 0.59. The stock has a market cap of $25.85 billion, a price-to-earnings ratio of 68.84, a PEG ratio of 0.49 and a beta of 0.90.

Fidelity National Information Services (NYSE:FIS) last announced its earnings results on Tuesday, February 24th. The information technology services provider reported $1.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.69 by ($0.01). Fidelity National Information Services had a return on equity of 21.21% and a net margin of 3.58%.The firm had revenue of $2.81 billion during the quarter, compared to the consensus estimate of $2.74 billion. During the same period in the prior year, the company posted $1.40 EPS. The firm’s revenue was up 8.2% on a year-over-year basis. 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. As a group, analysts expect that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current fiscal year.

Fidelity National Information Services Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 24th. Shareholders of record on Tuesday, March 10th will be given a dividend of $0.44 per share. This is an increase from Fidelity National Information Services’s previous quarterly dividend of $0.40. This represents a $1.76 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend is Tuesday, March 10th. Fidelity National Information Services’s payout ratio is 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.