Crescent Grove Advisors LLC Sells 27,691 Shares of Fidelity National Information Services, Inc. $FIS

Crescent Grove Advisors LLC reduced its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 11.2% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 220,427 shares of the information technology services provider’s stock after selling 27,691 shares during the quarter. Crescent Grove Advisors LLC’s holdings in Fidelity National Information Services were worth $7,252,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. BlackRock Inc. bought a new stake in shares of Fidelity National Information Services during the second quarter worth $1,730,200,000. Barrow Hanley Mewhinney & Strauss LLC bought a new position in Fidelity National Information Services in the second quarter valued at about $219,162,000. Bank of America Corp DE acquired a new stake in Fidelity National Information Services in the second quarter worth about $189,387,000. Legal & General Group Plc bought a new position in Fidelity National Information Services in the second quarter valued at approximately $129,815,000. Finally, Perpetual Ltd boosted its position in shares of Fidelity National Information Services by 32.9% in the 3rd quarter. Perpetual Ltd now owns 3,262,131 shares of the information technology services provider’s stock worth $107,324,000 after purchasing an additional 807,482 shares during the last quarter. 96.23% of the stock is currently owned by institutional investors.

Fidelity National Information Services Price Performance

Fidelity National Information Services stock opened at $36.40 on Thursday. The stock has a market capitalization of $18.82 billion, a P/E ratio of 5.59, a price-to-earnings-growth ratio of 0.43 and a beta of 0.81. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.53 and a current ratio of 0.53. Fidelity National Information Services, Inc. has a 52 week low of $32.10 and a 52 week high of $68.98. The stock has a fifty day moving average of $37.62 and a 200-day moving average of $41.01.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings results on Tuesday, August 4th. The information technology services provider reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.01. The company had revenue of $3.38 billion for the quarter, compared to analyst estimates of $3.38 billion. Fidelity National Information Services had a net margin of 27.64% and a return on equity of 20.95%. The firm’s revenue was up 29.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.36 EPS. 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, sell-side analysts expect that Fidelity National Information Services, Inc. will post 6.20 earnings per share for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Friday, September 11th were issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date was Friday, September 11th. Fidelity National Information Services’s payout ratio is 27.04%.

Wall Street Analyst Weigh In

FIS has been the topic of several analyst reports. Susquehanna cut their target price on shares of Fidelity National Information Services from $46.00 to $37.00 and set a “neutral” rating on the stock in a report on Tuesday, October 13th. Wells Fargo & Company reissued an “equal weight” rating and issued a $46.00 price objective (down from $58.00) on shares of Fidelity National Information Services in a research report on Tuesday, August 25th. Citigroup lowered their price target on Fidelity National Information Services from $45.00 to $39.00 and set a “neutral” rating on the stock in a research report on Friday, October 16th. Wolfe Research raised their target price on shares of Fidelity National Information Services from $53.00 to $54.00 and gave the company an “outperform” rating in a research note on Tuesday, August 25th. Finally, Truist Financial cut their target price on shares of Fidelity National Information Services from $45.00 to $43.00 and set a “hold” rating for the company in a research note on Friday, July 24th. Eleven analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, Fidelity National Information Services presently has a consensus rating of “Hold” and an average target price of $49.28.

Insider Activity at Fidelity National Information Services

In other news, Director Jeffrey Goldstein bought 1,585 shares of the firm’s stock in a transaction on Thursday, October 15th. The stock was acquired at an average price of $36.40 per share, with a total value of $57,694.00. Following the transaction, the director owned 18,697 shares of the company’s stock, valued at $680,570.80. This trade represents a 9.26% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company 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.