Pictet Asset Management Holding SA Lowers Position in Fidelity National Information Services, Inc. $FIS

Pictet Asset Management Holding SA lessened its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 23.7% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 293,176 shares of the information technology services provider’s stock after selling 90,881 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Fidelity National Information Services were worth $13,753,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in FIS. Dodge & Cox raised its position in Fidelity National Information Services by 13.9% during the fourth quarter. Dodge & Cox now owns 49,113,297 shares of the information technology services provider’s stock worth $3,264,070,000 after acquiring an additional 6,008,090 shares during the period. Capital Research Global Investors grew its holdings in shares of Fidelity National Information Services by 0.6% in the fourth quarter. Capital Research Global Investors now owns 28,129,710 shares of the information technology services provider’s stock valued at $1,869,507,000 after purchasing an additional 172,356 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Fidelity National Information Services by 4.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 11,196,718 shares of the information technology services provider’s stock worth $744,134,000 after buying an additional 514,490 shares during the last quarter. Invesco Ltd. increased its stake in Fidelity National Information Services by 5.6% during the third quarter. Invesco Ltd. now owns 8,515,321 shares of the information technology services provider’s stock worth $561,500,000 after acquiring an additional 448,712 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Fidelity National Information Services during the 4th quarter worth about $495,956,000. 96.23% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Citigroup cut their target price on Fidelity National Information Services from $53.00 to $48.00 in a research report on Friday, May 8th. Royal Bank Of Canada cut their price target on Fidelity National Information Services from $69.00 to $57.00 and set an “outperform” rating on the stock in a report on Friday, May 8th. Weiss Ratings raised Fidelity National Information Services from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, May 11th. Oppenheimer reduced their target price on shares of Fidelity National Information Services from $69.00 to $62.00 in a report on Friday, May 8th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on Fidelity National Information Services from $55.00 to $50.00 in a research report on Monday, May 11th. Thirteen analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Fidelity National Information Services currently has a consensus rating of “Moderate Buy” and an average target price of $61.33.

Fidelity National Information Services Price Performance

FIS stock opened at $41.72 on Friday. The company has a market capitalization of $21.56 billion, a P/E ratio of 8.09, a PEG ratio of 0.40 and a beta of 0.80. The business has a 50 day simple moving average of $41.98 and a 200-day simple moving average of $50.17. 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, Inc. has a twelve month low of $37.42 and a twelve month high of $82.62.

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, beating analysts’ consensus estimates 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 company had revenue of $3.29 billion for the quarter, compared to analyst estimates of $3.28 billion. During the same period in the previous year, the business 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, equities analysts anticipate that Fidelity National Information Services, Inc. will post 6.28 EPS for the current year.

Fidelity National Information Services Dividend Announcement

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

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.