Equitable Trust Co. Reduces Stock Position in Fidelity National Information Services, Inc. $FIS

Equitable Trust Co. lessened its stake in Fidelity National Information Services, Inc. (NYSE:FIS) by 11.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 116,796 shares of the information technology services provider’s stock after selling 15,356 shares during the period. Equitable Trust Co.’s holdings in Fidelity National Information Services were worth $5,479,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Hsbc Holdings PLC lifted its holdings in shares of Fidelity National Information Services by 4.1% during the 1st quarter. Hsbc Holdings PLC now owns 1,288,032 shares of the information technology services provider’s stock valued at $60,646,000 after buying an additional 50,627 shares during the period. Peterson Wealth Services grew its holdings in shares of Fidelity National Information Services by 17.2% in the first quarter. Peterson Wealth Services now owns 23,693 shares of the information technology services provider’s stock worth $1,111,000 after acquiring an additional 3,474 shares during the period. Azzad Asset Management Inc. ADV increased its position in Fidelity National Information Services by 2.0% during the first quarter. Azzad Asset Management Inc. ADV now owns 12,598 shares of the information technology services provider’s stock valued at $591,000 after acquiring an additional 250 shares during the last quarter. Resona Asset Management Co. Ltd. increased its position in Fidelity National Information Services by 1.4% during the first quarter. Resona Asset Management Co. Ltd. now owns 164,825 shares of the information technology services provider’s stock valued at $7,749,000 after acquiring an additional 2,324 shares during the last quarter. Finally, Frank Rimerman Advisors LLC lifted its holdings in Fidelity National Information Services by 29.6% in the first quarter. Frank Rimerman Advisors LLC now owns 7,773 shares of the information technology services provider’s stock valued at $365,000 after acquiring an additional 1,775 shares during the period. 96.23% of the stock is currently owned by hedge funds and other institutional investors.

Fidelity National Information Services Trading Up 1.8%

Fidelity National Information Services stock opened at $41.55 on Friday. The firm has a 50 day moving average of $41.51 and a 200 day moving average of $49.30. The firm has a market capitalization of $21.48 billion, a price-to-earnings ratio of 8.05, a P/E/G ratio of 0.40 and a beta of 0.80. Fidelity National Information Services, Inc. has a 12-month low of $37.42 and a 12-month high of $82.62. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 1.05.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings results on Friday, May 8th. The information technology services provider reported $1.36 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.08. The business had revenue of $3.29 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 for the quarter was up 30.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $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. As a group, research analysts predict that Fidelity National Information Services, Inc. will post 6.28 earnings per share for the current year.

Fidelity National Information Services Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research analysts have issued reports on FIS shares. Barclays initiated coverage on Fidelity National Information Services in a research report on Wednesday. They issued an “equal weight” rating and a $44.00 target price on the stock. Morgan Stanley assumed coverage on shares of Fidelity National Information Services in a research note on Tuesday. They issued an “equal weight” rating and a $47.00 price objective on the stock. Oppenheimer dropped their price objective on shares of Fidelity National Information Services from $69.00 to $62.00 in a report on Friday, May 8th. Citigroup cut their target price on shares of Fidelity National Information Services from $53.00 to $48.00 in a research report on Friday, May 8th. Finally, Stephens reduced their target price on shares of Fidelity National Information Services from $85.00 to $65.00 and set an “overweight” rating for the company in a report on Friday, May 8th. Thirteen investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $59.96.

About Fidelity National Information Services

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.