Handelsbanken Fonder AB cut its holdings in Fidelity National Information Services, Inc. (NYSE:FIS – Free Report) by 12.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 149,979 shares of the information technology services provider’s stock after selling 20,962 shares during the period. Handelsbanken Fonder AB’s holdings in Fidelity National Information Services were worth $9,890,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of the stock. Norges Bank bought a new stake in shares of Fidelity National Information Services during the 2nd quarter worth about $624,858,000. Mizuho Markets Americas LLC lifted its holdings in Fidelity National Information Services by 49.1% in the 3rd quarter. Mizuho Markets Americas LLC now owns 4,609,169 shares of the information technology services provider’s stock worth $303,929,000 after purchasing an additional 1,518,200 shares during the last quarter. Boston Partners boosted its position in Fidelity National Information Services by 10.5% during the second quarter. Boston Partners now owns 11,820,211 shares of the information technology services provider’s stock worth $958,537,000 after purchasing an additional 1,122,181 shares during the period. AQR Capital Management LLC grew its holdings in Fidelity National Information Services by 71.7% during 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 purchasing an additional 1,037,100 shares during the last quarter. Finally, River Road Asset Management LLC acquired a new position in Fidelity National Information Services during the second quarter valued at approximately $39,106,000. 96.23% of the stock is currently owned by institutional investors.
Fidelity National Information Services Stock Performance
NYSE FIS opened at $50.81 on Monday. The company’s fifty day moving average is $58.11 and its two-hundred day moving average is $63.59. Fidelity National Information Services, Inc. has a 52-week low of $46.16 and a 52-week high of $82.74. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.59 and a quick ratio of 0.59. The firm has a market capitalization of $26.13 billion, a price-to-earnings ratio of 69.60, a P/E/G ratio of 0.48 and a beta of 0.90.
Fidelity National Information Services Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 24th. Investors of record on Tuesday, March 10th will be given a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 3.5%. This is an increase from Fidelity National Information Services’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Tuesday, March 10th. Fidelity National Information Services’s dividend payout ratio (DPR) is 219.18%.
Key Fidelity National Information Services News
Here are the key news stories impacting Fidelity National Information Services this week:
- Positive Sentiment: TD Cowen set a new $78 price target, signaling continued bullish conviction from some analysts which can limit downside. FIS Given New $78.00 Price Target at TD Cowen
- Positive Sentiment: Short interest dropped ~21.7% in February to ~12.5M shares (≈2.4% of float). Reduced short activity can remove a layer of selling pressure and dampen volatility. Short Interest Report
- Neutral Sentiment: Argus and several outlets discuss FIS’s product roadmap (including an AI risk suite) and 2025 results — these could provide a longer-term narrative boost if execution follows, but clarity on revenue/profit impact is still evolving. Will FIS’s 2025 Results and New AI Risk Suite Redefine Fidelity National’s (FIS) Fintech Narrative?
- Neutral Sentiment: Market-wide volatility (S&P 500 futures) is cited as context for trading; that macro pressure can move FIS independently of company-specific fundamentals. Fidelity Strategically As S&P 500 Futures Reflect Market Volatility
- Negative Sentiment: Raymond James cut its target to $60 (from $82) despite an Outperform rating — downward revisions from well-known desks are pressuring the stock. Raymond James Adjusts Price Target on FIS to $60
- Negative Sentiment: Wells Fargo trimmed its target to $67 (from $81) while keeping an Overweight rating — another downgrade that may prompt near-term selling. Wells Fargo Adjusts Price Target on FIS to $67
- Negative Sentiment: Several other shops cut targets (Susquehanna to $55, Keefe Bruyette to $72, Wolfe to $70, Citi to $53), collectively signaling reduced near-term confidence and adding selling pressure. Multiple Analyst Target Changes
- Negative Sentiment: FIS announced proposed offerings of Euro- and USD-denominated senior notes to repay short-term debt tied to the Global Payments Issuer Solutions acquisition — markets often view new debt issuance around big acquisitions as an execution and leverage risk. FIS Announces Proposed Offerings of Senior Notes
Insiders Place Their Bets
In other Fidelity National Information Services news, Director Jeffrey A. Goldstein purchased 941 shares of the firm’s stock in a transaction on Thursday, January 15th. The shares were purchased at an average price of $64.11 per share, for a total transaction of $60,327.51. Following the completion of the purchase, the director directly owned 14,529 shares of the company’s stock, valued at approximately $931,454.19. This represents a 6.93% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.21% of the stock is owned by corporate insiders.
Analysts Set New Price Targets
A number of brokerages have recently weighed in on FIS. Cantor Fitzgerald started coverage on shares of Fidelity National Information Services in a research note on Tuesday, January 27th. They issued an “overweight” rating and a $72.00 price objective for the company. JPMorgan Chase & Co. dropped their target price on shares of Fidelity National Information Services from $80.00 to $65.00 and set an “overweight” rating on the stock in a report on Thursday, February 12th. TD Cowen decreased their price target on shares of Fidelity National Information Services from $89.00 to $78.00 and set a “buy” rating for the company in a report on Wednesday, February 25th. Susquehanna lowered their price target on Fidelity National Information Services from $69.00 to $55.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 25th. Finally, Compass Point cut their price objective on Fidelity National Information Services from $90.00 to $81.00 and set a “buy” rating for the company in a research report on Tuesday, January 13th. Thirteen investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Fidelity National Information Services has an average rating of “Moderate Buy” and an average price target of $70.50.
Read Our Latest Research Report on Fidelity National Information Services
About Fidelity National Information Services
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.
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