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% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,294,910 shares of the information technology services provider’s stock after selling 65,993 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned approximately 0.25% of Fidelity National Information Services worth $105,419,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of FIS. Sierra Ocean LLC lifted its position in shares of Fidelity National Information Services by 356.0% during the first quarter. Sierra Ocean LLC now owns 342 shares of the information technology services provider’s stock worth $26,000 after purchasing an additional 267 shares in the last quarter. YANKCOM Partnership lifted its holdings in Fidelity National Information Services by 118.8% during the 1st quarter. YANKCOM Partnership now owns 350 shares of the information technology services provider’s stock worth $26,000 after buying an additional 190 shares in the last quarter. Meeder Asset Management Inc. boosted its position in Fidelity National Information Services by 92.1% in the 1st quarter. Meeder Asset Management Inc. now owns 342 shares of the information technology services provider’s stock valued at $26,000 after buying an additional 164 shares during the period. Hazlett Burt & Watson Inc. grew its stake in shares of Fidelity National Information Services by 179.9% in the first quarter. Hazlett Burt & Watson Inc. now owns 389 shares of the information technology services provider’s stock worth $29,000 after acquiring an additional 250 shares in the last quarter. Finally, Cary Street Partners Investment Advisory LLC increased its position in shares of Fidelity National Information Services by 100.5% during the first quarter. Cary Street Partners Investment Advisory LLC now owns 445 shares of the information technology services provider’s stock worth $33,000 after acquiring an additional 223 shares during the period. 96.23% of the stock is currently owned by hedge funds and other institutional investors.

Fidelity National Information Services Stock Performance

NYSE FIS opened at $67.85 on Friday. The company has a fifty day moving average of $67.56 and a two-hundred day moving average of $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 1 year low of $63.00 and a 1 year 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 for the quarter, meeting the consensus estimate of $1.36. The business had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $2.57 billion. Fidelity National Information Services had a return on equity of 18.73% and a net margin of 1.09%.The business’s quarterly revenue was up 5.1% on a year-over-year basis. During the same period in the previous year, the business 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. As a group, analysts expect that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current year.

Fidelity National Information Services Announces Dividend

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

Analyst Ratings Changes

A number of research firms recently issued reports on FIS. Keefe, Bruyette & Woods decreased their target price on Fidelity National Information Services from $88.00 to $85.00 and set an “outperform” rating for the company in a report on Wednesday, October 1st. UBS Group raised Fidelity National Information Services from a “neutral” rating to a “buy” rating and set a $82.00 price objective for the company in a research report on Tuesday, September 30th. Wells Fargo & Company initiated coverage on shares of Fidelity National Information Services in a research note on Wednesday. They set an “overweight” rating and a $81.00 target price on the stock. Truist Financial decreased their price target on shares of Fidelity National Information Services from $75.00 to $72.00 and set a “hold” rating for the company in a research note on Friday. Finally, Citigroup raised shares of Fidelity National Information Services to a “hold” rating in a research report on Thursday. Thirteen investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $87.94.

Insiders Place Their Bets

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein acquired 889 shares of the company’s stock in a transaction on Wednesday, October 15th. The shares were bought at an average cost of $67.66 per share, for a total transaction of $60,149.74. Following the completion of the purchase, the director owned 13,588 shares in the company, valued at $919,364.08. This trade represents a 7.00% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.21% of the stock is currently owned by corporate insiders.

Fidelity National Information Services Profile

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.