Fidelity National Information Services, Inc. $FIS Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. reduced its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 21.1% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 166,145 shares of the information technology services provider’s stock after selling 44,524 shares during the period. PNC Financial Services Group Inc.’s holdings in Fidelity National Information Services were worth $7,794,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of FIS. Salomon & Ludwin LLC raised its holdings in Fidelity National Information Services by 100.5% in the 4th quarter. Salomon & Ludwin LLC now owns 387 shares of the information technology services provider’s stock valued at $26,000 after acquiring an additional 194 shares during the last quarter. MBM Wealth Consultants LLC purchased a new position in Fidelity National Information Services in the 1st quarter worth approximately $33,000. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in shares of Fidelity National Information Services by 251.4% during 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 purchasing an additional 362 shares during the last quarter. Reflection Asset Management acquired a new position in shares of Fidelity National Information Services during the 4th quarter worth approximately $34,000. Finally, Kemnay Advisory Services Inc. purchased a new stake in shares of Fidelity National Information Services in the fourth quarter valued at approximately $42,000. 96.23% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on FIS shares. Cantor Fitzgerald cut their price target on Fidelity National Information Services from $62.00 to $55.00 and set an “overweight” rating for the company in a report on Monday, May 11th. BNP Paribas Exane lowered their price objective on Fidelity National Information Services from $40.00 to $37.00 and set an “underperform” rating on the stock in a research note on Thursday, May 14th. Deutsche Bank Aktiengesellschaft dropped their target price on Fidelity National Information Services from $55.00 to $50.00 in a report on Monday, May 11th. Weiss Ratings downgraded Fidelity National Information Services from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, July 9th. Finally, Royal Bank Of Canada reduced 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. Thirteen analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $58.68.

Fidelity National Information Services Stock Up 0.2%

FIS stock opened at $41.58 on Monday. The firm has a market cap of $21.49 billion, a PE ratio of 8.06, a PEG ratio of 0.41 and a beta of 0.80. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.59 and a current ratio of 0.59. The firm’s 50 day moving average price is $40.87 and its 200-day moving average price is $47.34. Fidelity National Information Services, Inc. has a one year low of $37.42 and a one year high of $82.62.

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

Fidelity National Information Services Announces Dividend

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

Fidelity National Information Services Company 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.