21,043 Fidelity National Information Services, Inc. $FIS Shares Sold by Quadrant Capital Group LLC

Quadrant Capital Group LLC trimmed its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 40.0% in the 3rd quarter, Holdings Channel reports. The fund owned 31,565 shares of the information technology services provider’s stock after selling 21,043 shares during the quarter. Quadrant Capital Group LLC’s holdings in Fidelity National Information Services were worth $1,111,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. BlackRock Inc. bought a new position in shares of Fidelity National Information Services during the second quarter valued at approximately $1,730,200,000. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in shares of Fidelity National Information Services in the 2nd quarter worth approximately $219,162,000. Bank of America Corp DE bought a new stake in shares of Fidelity National Information Services in the 2nd quarter worth approximately $189,387,000. Legal & General Group Plc purchased a new stake in shares of Fidelity National Information Services in the 2nd quarter worth approximately $129,815,000. Finally, Deutsche Bank AG bought a new position in Fidelity National Information Services during the 2nd quarter valued at approximately $111,205,000. Institutional investors own 96.23% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on FIS shares. Deutsche Bank Aktiengesellschaft lowered their price objective on Fidelity National Information Services from $45.00 to $40.00 and set a “hold” rating for the company in a research note on Tuesday, September 29th. 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 target for the company. The Goldman Sachs Group lowered their price target on Fidelity National Information Services from $52.00 to $44.00 and set a “buy” rating for the company in a research report on Tuesday, October 13th. Weiss Ratings cut shares of Fidelity National Information Services from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, September 10th. Finally, Barclays cut their price objective on shares of Fidelity National Information Services from $43.00 to $38.00 and set an “equal weight” rating on the stock in a research report on Friday, October 9th. Eleven equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Fidelity National Information Services currently has an average rating of “Hold” and an average target price of $49.04.

Fidelity National Information Services Stock Down 2.0%

Shares of FIS stock opened at $37.53 on Friday. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.96. Fidelity National Information Services, Inc. has a 12 month low of $32.10 and a 12 month high of $68.98. The stock has a market cap of $19.40 billion, a P/E ratio of 5.77, a P/E/G ratio of 0.45 and a beta of 0.81. The company has a 50 day simple moving average of $37.40 and a two-hundred day simple moving average of $40.93.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings results on Tuesday, August 4th. The information technology services provider reported $1.48 earnings per share 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 business had revenue of $3.38 billion for the quarter, compared to analysts’ expectations of $3.38 billion. During the same quarter last year, the company posted $1.36 EPS. The company’s revenue was up 29.1% compared to the same quarter last year. 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. On average, research 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. Shareholders of record on Friday, September 11th were issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 4.7%. The ex-dividend date of this dividend was Friday, September 11th. Fidelity National Information Services’s payout ratio is currently 27.04%.

Insider Transactions at Fidelity National Information Services

In related news, Director Jeffrey Goldstein purchased 1,585 shares of Fidelity National Information Services stock in a transaction on Thursday, October 15th. The stock was acquired at an average price of $36.40 per share, for a total transaction of $57,694.00. Following the completion of the transaction, the director directly owned 18,697 shares in the company, valued at $680,570.80. This represents a 9.26% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.28% of the company’s stock.

Fidelity National Information Services Company 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.