Fidelity National Information Services, Inc. $FIS Stock: Sumitomo Mitsui DS Asset Management Company Ltd Trims Position

Sumitomo Mitsui DS Asset Management Company Ltd lessened its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 24.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 79,621 shares of the information technology services provider’s stock after selling 25,294 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Fidelity National Information Services were worth $2,620,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Piper Sandler initiated coverage on Fidelity National Information Services in a report on Friday, September 11th. They set a “neutral” rating and a $42.00 price objective on the stock. Morgan Stanley initiated coverage on Fidelity National Information Services in a report on Tuesday, July 7th. They issued an “equal weight” rating and a $47.00 target price for the company. Cantor Fitzgerald reduced their target price on Fidelity National Information Services from $50.00 to $45.00 and set an “overweight” rating for the company in a report on Friday, October 16th. Citigroup decreased their target price on Fidelity National Information Services from $45.00 to $39.00 and set a “neutral” rating for the company in a research report on Friday, October 16th. Finally, Royal Bank Of Canada dropped their price target on Fidelity National Information Services from $57.00 to $53.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 5th. Eleven research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, Fidelity National Information Services currently has an average rating of “Hold” and a consensus price target of $49.28.

Fidelity National Information Services Stock Up 5.0%

FIS stock opened at $38.24 on Friday. The company has a market cap of $19.76 billion, a price-to-earnings ratio of 5.87, a price-to-earnings-growth ratio of 0.43 and a beta of 0.81. The company has a fifty day moving average price of $37.50 and a 200 day moving average price of $40.96. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.53 and a quick ratio of 0.53. Fidelity National Information Services, Inc. has a 12 month low of $32.10 and a 12 month high of $68.98.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings data on Tuesday, August 4th. The information technology services provider reported $1.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.01. Fidelity National Information Services had a net margin of 27.64% and a return on equity of 20.95%. The company had revenue of $3.38 billion for the quarter, compared to the consensus estimate of $3.38 billion. During the same period last year, the firm posted $1.36 EPS. Fidelity National Information Services’s revenue for the quarter was up 29.1% on a year-over-year basis. 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. Sell-side analysts expect that Fidelity National Information Services, Inc. will post 6.20 earnings per share for the current year.

Fidelity National Information Services Dividend Announcement

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

Insider Transactions at Fidelity National Information Services

In related news, Director Jeffrey Goldstein acquired 1,585 shares of Fidelity National Information Services stock in a transaction on Thursday, October 15th. The stock was purchased at an average cost of $36.40 per share, with a total value of $57,694.00. Following the purchase, the director directly owned 18,697 shares in the company, valued at approximately $680,570.80. The trade was a 9.26% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.28% of the stock is owned by company insiders.

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.