Fidelity National Information Services, Inc. $FIS Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. lessened its position in Fidelity National Information Services, Inc. (NYSE:FIS) by 4.8% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 1,294,910 shares of the information technology services provider’s stock after selling 65,993 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Fidelity National Information Services were worth $105,419,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in FIS. Dodge & Cox boosted its holdings in Fidelity National Information Services by 1.4% in the 1st quarter. Dodge & Cox now owns 34,808,298 shares of the information technology services provider’s stock valued at $2,599,484,000 after purchasing an additional 480,771 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Fidelity National Information Services by 4.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 10,712,794 shares of the information technology services provider’s stock valued at $800,032,000 after buying an additional 419,199 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Fidelity National Information Services by 0.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 10,126,213 shares of the information technology services provider’s stock valued at $755,928,000 after buying an additional 31,626 shares in the last quarter. Invesco Ltd. grew its holdings in Fidelity National Information Services by 22.9% during the first quarter. Invesco Ltd. now owns 9,304,011 shares of the information technology services provider’s stock worth $694,824,000 after acquiring an additional 1,730,878 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC raised its position in Fidelity National Information Services by 17.4% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 6,666,499 shares of the information technology services provider’s stock worth $497,854,000 after acquiring an additional 986,646 shares in the last quarter. 96.23% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Jeffrey A. Goldstein purchased 889 shares of the stock in a transaction dated Wednesday, October 15th. The stock was acquired at an average cost of $67.66 per share, for a total transaction of $60,149.74. Following the completion of the acquisition, the director directly owned 13,588 shares in the company, valued at $919,364.08. This represents a 7.00% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.21% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Jefferies Financial Group decreased their target price on shares of Fidelity National Information Services from $75.00 to $70.00 and set a “hold” rating on the stock in a research report on Tuesday, October 14th. Stephens lowered their target price on shares of Fidelity National Information Services from $100.00 to $90.00 and set an “overweight” rating on the stock in a research report on Thursday, October 16th. UBS Group raised shares of Fidelity National Information Services from a “neutral” rating to a “buy” rating and set a $82.00 target price for the company in a report on Tuesday, September 30th. Susquehanna decreased their price target on Fidelity National Information Services from $81.00 to $77.00 and set a “neutral” rating on the stock in a research note on Friday, September 12th. Finally, Citigroup raised Fidelity National Information Services to a “hold” rating in a research note on Thursday. Thirteen 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 company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $87.94.

Fidelity National Information Services Stock Up 0.5%

Shares of NYSE FIS opened at $67.85 on Friday. The firm’s 50-day moving average is $67.56 and its two-hundred day moving average is $74.50. The company has a market capitalization of $35.44 billion, a PE ratio of 376.97 and a beta of 1.05. Fidelity National Information Services, Inc. has a 12-month low of $63.00 and a 12-month high of $91.98. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.59 and a quick ratio of 0.59.

Fidelity National Information Services (NYSE:FIS) last posted its earnings results on Tuesday, August 5th. The information technology services provider reported $1.36 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.36. The firm had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.57 billion. Fidelity National Information Services had a return on equity of 18.73% and a net margin of 1.09%.Fidelity National Information Services’s revenue was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.36 EPS. Fidelity National Information Services has set its Q3 2025 guidance at 1.460-1.500 EPS. FY 2025 guidance at 5.720-5.800 EPS. Equities analysts anticipate that Fidelity National Information Services, Inc. will post 5.74 EPS for the current fiscal year.

Fidelity National Information Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 24th. Shareholders of record on Wednesday, September 10th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date was Wednesday, September 10th. Fidelity National Information Services’s dividend payout ratio is 888.89%.

About Fidelity National Information Services

Fidelity National Information Services, Inc engages in the provision of financial services technology solutions for financial institutions, businesses, and developers worldwide. It operates through Banking Solutions, Capital Market Solutions, and Corporate and Other segments. The company provides core processing and ancillary applications; mobile and online banking; fraud, risk management, and compliance; card and retail payment; electronic funds transfer and network; wealth and retirement; and item processing and output solutions.