South Dakota Investment Council Sells 14,920 Shares of Fidelity National Information Services, Inc. $FIS

South Dakota Investment Council decreased its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 8.7% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 157,481 shares of the information technology services provider’s stock after selling 14,920 shares during the period. South Dakota Investment Council’s holdings in Fidelity National Information Services were worth $10,384,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Pinnacle Bancorp Inc. increased its holdings in shares of Fidelity National Information Services by 21.9% during the 3rd quarter. Pinnacle Bancorp Inc. now owns 835 shares of the information technology services provider’s stock worth $55,000 after acquiring an additional 150 shares during the last quarter. Wealthspire Advisors LLC boosted its position in Fidelity National Information Services by 3.1% during the second quarter. Wealthspire Advisors LLC now owns 5,426 shares of the information technology services provider’s stock worth $442,000 after purchasing an additional 162 shares during the period. FJ Capital Management LLC increased its holdings in shares of Fidelity National Information Services by 4.7% in the second quarter. FJ Capital Management LLC now owns 3,600 shares of the information technology services provider’s stock valued at $293,000 after purchasing an additional 163 shares during the last quarter. Gratus Wealth Advisors LLC raised its position in shares of Fidelity National Information Services by 1.4% in the third quarter. Gratus Wealth Advisors LLC now owns 12,389 shares of the information technology services provider’s stock valued at $817,000 after purchasing an additional 170 shares during the period. Finally, TD Waterhouse Canada Inc. lifted its stake in shares of Fidelity National Information Services by 0.7% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 24,042 shares of the information technology services provider’s stock worth $1,981,000 after buying an additional 175 shares during the last quarter. 96.23% of the stock is owned by institutional investors and hedge funds.

Fidelity National Information Services Stock Performance

NYSE:FIS opened at $50.02 on Tuesday. The stock has a fifty day moving average price of $57.77 and a 200-day moving average price of $63.43. The company has a market cap of $25.73 billion, a price-to-earnings ratio of 68.52, a PEG ratio of 0.48 and a beta of 0.90. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.59 and a current ratio of 0.59. Fidelity National Information Services, Inc. has a fifty-two week low of $46.16 and a fifty-two week high of $82.74.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings results on Tuesday, February 24th. The information technology services provider reported $1.68 EPS for the quarter, missing analysts’ consensus estimates of $1.69 by ($0.01). The company had revenue of $2.81 billion during the quarter, compared to the consensus estimate of $2.74 billion. Fidelity National Information Services had a return on equity of 21.21% and a net margin of 3.58%.The firm’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.40 EPS. Fidelity National Information Services has set its Q1 2026 guidance at 1.260-1.300 EPS and its FY 2026 guidance at 6.220-6.320 EPS. As a group, equities analysts anticipate that Fidelity National Information Services, Inc. will post 5.74 EPS for the current fiscal year.

Fidelity National Information Services Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 24th. Stockholders of record on Tuesday, March 10th will be given a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 3.5%. The ex-dividend date is Tuesday, March 10th. This is a boost from Fidelity National Information Services’s previous quarterly dividend of $0.40. Fidelity National Information Services’s dividend payout ratio is presently 219.18%.

Insider Buying and Selling at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein purchased 941 shares of the business’s stock in a transaction dated Thursday, January 15th. The stock was bought at an average price of $64.11 per share, with a total value of $60,327.51. Following the acquisition, the director owned 14,529 shares in the company, valued at approximately $931,454.19. The trade was a 6.93% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.21% of the company’s stock.

Analyst Ratings Changes

FIS has been the topic of a number of research reports. Stephens decreased their price target on shares of Fidelity National Information Services from $90.00 to $85.00 and set an “overweight” rating on the stock in a research note on Friday, January 16th. Citigroup cut their price objective on shares of Fidelity National Information Services from $70.00 to $53.00 and set a “neutral” rating for the company in a research report on Wednesday, February 25th. Raymond James Financial decreased their target price on Fidelity National Information Services from $82.00 to $60.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 25th. Truist Financial dropped their price target on Fidelity National Information Services from $72.00 to $70.00 and set a “hold” rating for the company in a report on Wednesday, November 19th. Finally, Compass Point decreased their price objective on Fidelity National Information Services from $90.00 to $81.00 and set a “buy” rating on the stock in a report on Tuesday, January 13th. Thirteen investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Fidelity National Information Services currently has an average rating of “Moderate Buy” and a consensus price target of $70.50.

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.