Sterling Capital Management LLC Has $822,000 Stock Holdings in Fidelity National Information Services, Inc. $FIS

Sterling Capital Management LLC trimmed its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 44.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,522 shares of the information technology services provider’s stock after selling 13,747 shares during the quarter. Sterling Capital Management LLC’s holdings in Fidelity National Information Services were worth $822,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in FIS. Brighton Jones LLC bought a new stake in shares of Fidelity National Information Services in the 4th quarter valued at $347,000. Geneos Wealth Management Inc. raised its stake in Fidelity National Information Services by 70.1% during the first quarter. Geneos Wealth Management Inc. now owns 1,046 shares of the information technology services provider’s stock worth $78,000 after buying an additional 431 shares during the last quarter. Sivia Capital Partners LLC acquired a new position in Fidelity National Information Services in the second quarter valued at $302,000. Marshall Wace LLP bought a new stake in Fidelity National Information Services during the second quarter valued at $4,896,000. Finally, Cresset Asset Management LLC grew its holdings in Fidelity National Information Services by 20.5% during the 2nd quarter. Cresset Asset Management LLC now owns 5,290 shares of the information technology services provider’s stock worth $431,000 after acquiring an additional 901 shares during the period. 96.23% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on FIS. Citigroup dropped their price objective on Fidelity National Information Services from $53.00 to $48.00 in a research note on Friday, May 8th. UBS Group decreased their target price on Fidelity National Information Services from $73.00 to $63.00 and set a “buy” rating for the company in a research note on Monday, May 11th. Weiss Ratings raised Fidelity National Information Services from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, May 11th. Truist Financial cut their price target on Fidelity National Information Services from $50.00 to $45.00 and set a “hold” rating on the stock in a report on Thursday, May 28th. Finally, Wall Street Zen downgraded shares of Fidelity National Information Services from a “buy” rating to a “hold” rating in a research report on Sunday, May 17th. Thirteen investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $61.33.

Fidelity National Information Services Trading Up 4.9%

NYSE:FIS opened at $40.78 on Thursday. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.59 and a quick ratio of 0.59. The firm has a 50-day moving average of $42.10 and a 200-day moving average of $50.35. The company has a market cap of $21.08 billion, a PE ratio of 7.90, a PEG ratio of 0.38 and a beta of 0.80. 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 announced 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 analysts’ expectations of $3.28 billion. Fidelity National Information Services had a net margin of 23.35% and a return on equity of 21.30%. The firm’s revenue for the quarter was up 30.1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.21 EPS. 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 research analysts expect that Fidelity National Information Services, Inc. will post 6.28 EPS for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Thursday, June 11th were issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date was Thursday, June 11th. Fidelity National Information Services’s dividend payout ratio (DPR) is currently 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.