National Pension Service Sells 669,826 Shares of Fidelity National Information Services, Inc. $FIS

National Pension Service lowered its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 61.8% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 414,660 shares of the information technology services provider’s stock after selling 669,826 shares during the quarter. National Pension Service’s holdings in Fidelity National Information Services were worth $16,122,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. BlackRock Inc. purchased a new stake in shares of Fidelity National Information Services during the 2nd quarter valued at $1,730,200,000. OP Asset Management Ltd purchased a new position in Fidelity National Information Services in the first quarter worth $2,509,000. Norges Bank purchased a new position in Fidelity National Information Services in the fourth quarter worth $495,956,000. South Dakota Investment Council increased its stake in Fidelity National Information Services by 46.2% in the first quarter. South Dakota Investment Council now owns 228,021 shares of the information technology services provider’s stock valued at $10,696,000 after acquiring an additional 72,040 shares during the last quarter. Finally, Brighton Jones LLC purchased a new stake in Fidelity National Information Services during the fourth quarter valued at about $347,000. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Fidelity National Information Services Stock Performance

Fidelity National Information Services stock opened at $38.16 on Friday. The firm has a fifty day simple moving average of $41.86 and a two-hundred day simple moving average of $43.83. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.96. Fidelity National Information Services, Inc. has a twelve month low of $37.42 and a twelve month high of $69.14. The company has a market capitalization of $19.72 billion, a PE ratio of 5.86, a P/E/G ratio of 0.40 and a beta of 0.79.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings data on Tuesday, August 4th. The information technology services provider reported $1.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.47 by $0.01. Fidelity National Information Services had a return on equity of 20.95% and a net margin of 27.64%.The firm had revenue of $3.38 billion for the quarter, compared to analysts’ expectations of $3.38 billion. During the same period last year, the firm earned $1.36 earnings per share. The company’s revenue for the quarter was up 29.1% compared to the same quarter last year. 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. Research analysts expect that Fidelity National Information Services, Inc. will post 6.19 EPS for the current year.

Fidelity National Information Services Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 11th will be given a $0.44 dividend. The ex-dividend date is Friday, September 11th. This represents a $1.76 annualized dividend and a yield of 4.6%. Fidelity National Information Services’s payout ratio is presently 27.04%.

Analyst Ratings Changes

Several equities research analysts have issued reports on FIS shares. Morgan Stanley started coverage on Fidelity National Information Services in a research note on Tuesday, July 7th. They set an “equal weight” rating and a $47.00 price target for the company. Wells Fargo & Company reissued an “equal weight” rating and set a $46.00 price objective (down from $58.00) on shares of Fidelity National Information Services in a report on Tuesday, August 25th. Keefe, Bruyette & Woods dropped their target price on Fidelity National Information Services from $60.00 to $56.00 and set an “outperform” rating for the company in a research report on Wednesday, August 5th. Wolfe Research upped their target price on Fidelity National Information Services from $53.00 to $54.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 25th. Finally, Stephens reiterated an “equal weight” rating and set a $50.00 price target on shares of Fidelity National Information Services in a research report on Tuesday, August 11th. Ten analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $53.46.

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 solutions to banks, credit unions, wealth management firms, capital markets institutions and other financial organizations. Its offerings support core banking, digital banking, payments processing, fraud prevention, risk management, compliance, data analytics and customer engagement.

FIS provides platforms for account processing, transaction processing, lending, treasury management, card and payment operations, and investment management.