PNC Financial Services Group Inc. Trims Stock Position in Fidelity National Information Services, Inc. $FIS

PNC Financial Services Group Inc. lessened its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 17.5% in the 4th quarter, HoldingsChannel reports. The firm owned 210,669 shares of the information technology services provider’s stock after selling 44,661 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Fidelity National Information Services were worth $14,001,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Salomon & Ludwin LLC grew its position in Fidelity National Information Services by 100.5% during the fourth quarter. Salomon & Ludwin LLC now owns 387 shares of the information technology services provider’s stock valued at $26,000 after buying an additional 194 shares during the period. Root Financial Partners LLC acquired a new stake in Fidelity National Information Services during the third quarter valued at $29,000. LRI Investments LLC grew its position in Fidelity National Information Services by 613.1% during the third quarter. LRI Investments LLC now owns 435 shares of the information technology services provider’s stock valued at $29,000 after buying an additional 374 shares during the period. Raiffeisen Bank International AG acquired a new stake in Fidelity National Information Services during the third quarter valued at $29,000. Finally, GoalVest Advisory LLC acquired a new stake in Fidelity National Information Services during the fourth quarter valued at $33,000. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Fidelity National Information Services Stock Performance

FIS opened at $43.60 on Friday. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 1.05. The company has a market cap of $22.53 billion, a price-to-earnings ratio of 8.45, a PEG ratio of 0.43 and a beta of 0.82. Fidelity National Information Services, Inc. has a 52-week low of $41.33 and a 52-week high of $82.74. The firm’s fifty day simple moving average is $46.39 and its two-hundred day simple moving average is $55.34.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings data on Friday, May 8th. The information technology services provider reported $1.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.08. The business had revenue of $3.30 billion for the quarter, compared to the consensus estimate of $3.28 billion. Fidelity National Information Services had a net margin of 23.35% and a return on equity of 21.30%. The company’s revenue was up 30.1% compared to the same quarter last year. During the same period last year, the firm posted $1.21 earnings per share. Fidelity National Information Services has set its FY 2026 guidance at 6.220-6.320 EPS and its Q2 2026 guidance at 1.450-1.490 EPS. Equities analysts anticipate that Fidelity National Information Services, Inc. will post 6.28 earnings per share for the current fiscal year.

Fidelity National Information Services Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Thursday, June 11th will be issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend is Thursday, June 11th. Fidelity National Information Services’s dividend payout ratio (DPR) is presently 34.11%.

Wall Street Analyst Weigh In

Several analysts recently commented on FIS shares. The Goldman Sachs Group dropped their price target on shares of Fidelity National Information Services from $65.00 to $57.00 and set a “buy” rating on the stock in a research report on Monday, May 11th. JPMorgan Chase & Co. dropped their price target on shares of Fidelity National Information Services from $80.00 to $65.00 and set an “overweight” rating on the stock in a research report on Thursday, February 12th. Weiss Ratings upgraded shares of Fidelity National Information Services from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, May 11th. Wall Street Zen lowered shares of Fidelity National Information Services from a “buy” rating to a “hold” rating in a research report on Sunday, May 17th. Finally, Keefe, Bruyette & Woods dropped their price target on shares of Fidelity National Information Services from $72.00 to $68.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 7th. Thirteen investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Fidelity National Information Services presently has a consensus rating of “Moderate Buy” and an average target price of $61.57.

Insider Transactions at Fidelity National Information Services

In related news, CEO Stephanie Ferris acquired 19,846 shares of the firm’s stock in a transaction on Thursday, March 5th. The shares were acquired at an average cost of $50.39 per share, with a total value of $1,000,039.94. Following the completion of the acquisition, the chief executive officer directly owned 281,458 shares in the company, valued at approximately $14,182,668.62. This trade represents a 7.59% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.28% of the stock is currently owned by insiders.

Fidelity National Information Services Company 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.