Swedbank AB Sells 31,266 Shares of Fidelity National Information Services, Inc. $FIS

Swedbank AB trimmed its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 8.2% in the 1st quarter, HoldingsChannel.com reports. The fund owned 348,448 shares of the information technology services provider’s stock after selling 31,266 shares during the quarter. Swedbank AB’s holdings in Fidelity National Information Services were worth $16,346,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Salomon & Ludwin LLC grew its stake in shares of Fidelity National Information Services by 100.5% in the fourth quarter. Salomon & Ludwin LLC now owns 387 shares of the information technology services provider’s stock worth $26,000 after purchasing an additional 194 shares during the last quarter. GoalVest Advisory LLC purchased a new stake in Fidelity National Information Services in the 4th quarter worth approximately $33,000. MBM Wealth Consultants LLC bought a new stake in shares of Fidelity National Information Services in the 1st quarter worth approximately $33,000. Thurston Springer Miller Herd & Titak Inc. grew its position in shares of Fidelity National Information Services by 251.4% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 506 shares of the information technology services provider’s stock worth $34,000 after buying an additional 362 shares during the last quarter. Finally, Reflection Asset Management purchased a new position in shares of Fidelity National Information Services during the fourth quarter valued at approximately $34,000. 96.23% of the stock is currently owned by hedge funds and other institutional investors.

Fidelity National Information Services Stock Up 1.8%

Shares of Fidelity National Information Services stock opened at $41.55 on Friday. Fidelity National Information Services, Inc. has a 1 year low of $37.42 and a 1 year high of $82.62. The firm has a market cap of $21.48 billion, a price-to-earnings ratio of 8.05, a PEG ratio of 0.40 and a beta of 0.80. The company has a 50-day moving average of $41.51 and a 200 day moving average of $49.30. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.59 and a quick ratio of 0.59.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings data on Friday, May 8th. The information technology services provider reported $1.36 EPS for the quarter, topping the consensus estimate of $1.28 by $0.08. Fidelity National Information Services had a net margin of 23.35% and a return on equity of 21.30%. The business had revenue of $3.29 billion for the quarter, compared to analyst estimates of $3.28 billion. During the same quarter in the previous year, the firm posted $1.21 earnings per share. Fidelity National Information Services’s quarterly revenue was up 30.1% on a year-over-year basis. 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. As a group, sell-side analysts anticipate that Fidelity National Information Services, Inc. will post 6.28 earnings per share for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Thursday, June 11th were given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend was Thursday, June 11th. Fidelity National Information Services’s dividend payout ratio (DPR) is 34.11%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. The Goldman Sachs Group decreased their target price on Fidelity National Information Services from $65.00 to $57.00 and set a “buy” rating for the company in a report on Monday, May 11th. BNP Paribas Exane reduced their price objective on shares of Fidelity National Information Services from $40.00 to $37.00 and set an “underperform” rating on the stock in a research report on Thursday, May 14th. Weiss Ratings upgraded shares of Fidelity National Information Services from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, May 11th. Morgan Stanley began coverage on shares of Fidelity National Information Services in a research note on Tuesday. They set an “equal weight” rating and a $47.00 target price on the stock. Finally, Truist Financial reduced their price target on shares of Fidelity National Information Services from $50.00 to $45.00 and set a “hold” rating on the stock in a research report on Thursday, May 28th. Thirteen analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $59.96.

Fidelity National Information Services 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.