Chevy Chase Trust Holdings LLC Lowers Holdings in Fidelity National Information Services, Inc. $FIS

Chevy Chase Trust Holdings LLC lowered its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 3.9% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 268,943 shares of the information technology services provider’s stock after selling 10,916 shares during the period. Chevy Chase Trust Holdings LLC owned approximately 0.05% of Fidelity National Information Services worth $17,734,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the business. Raiffeisen Bank International AG acquired a new position in shares of Fidelity National Information Services in the third quarter worth $29,000. LRI Investments LLC raised its stake in shares of Fidelity National Information Services by 613.1% in the third quarter. LRI Investments LLC now owns 435 shares of the information technology services provider’s stock valued at $29,000 after acquiring an additional 374 shares in the last quarter. Root Financial Partners LLC acquired a new stake in shares of Fidelity National Information Services in the third quarter valued at $29,000. Steigerwald Gordon & Koch Inc. purchased a new position in Fidelity National Information Services in the third quarter valued at $37,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new position in Fidelity National Information Services during the 3rd quarter worth $43,000. 96.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Fidelity National Information Services

In related news, CEO Stephanie Ferris bought 19,846 shares of the stock in a transaction dated Thursday, March 5th. The stock was acquired at an average price of $50.39 per share, for a total transaction of $1,000,039.94. Following the acquisition, the chief executive officer owned 281,458 shares in the company, valued at approximately $14,182,668.62. This represents a 7.59% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Jeffrey A. Goldstein bought 941 shares of the company’s stock in a transaction that occurred on Thursday, January 15th. The stock was bought at an average cost of $64.11 per share, for a total transaction of $60,327.51. Following the completion of the transaction, the director directly owned 14,529 shares in the company, valued at approximately $931,454.19. The trade was a 6.93% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Corporate insiders own 0.21% of the company’s stock.

Fidelity National Information Services Trading Up 1.5%

NYSE:FIS opened at $50.45 on Tuesday. Fidelity National Information Services, Inc. has a 1 year low of $46.16 and a 1 year high of $82.74. The stock has a market cap of $25.95 billion, a P/E ratio of 69.10, a P/E/G ratio of 0.49 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. The stock has a 50-day simple moving average of $54.49 and a 200-day simple moving average of $62.04.

Fidelity National Information Services (NYSE:FIS) last issued its earnings results on Tuesday, February 24th. The information technology services provider reported $1.68 earnings per share for the quarter, missing the consensus estimate of $1.69 by ($0.01). The business had revenue of $2.81 billion for the quarter, compared to analyst estimates of $2.74 billion. Fidelity National Information Services had a return on equity of 21.21% and a net margin of 3.58%.Fidelity National Information Services’s revenue was up 8.2% on a year-over-year basis. During the same period last 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, analysts anticipate that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current fiscal year.

Fidelity National Information Services Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 24th. Stockholders of record on Tuesday, March 10th will be given a dividend of $0.44 per share. The ex-dividend date is Tuesday, March 10th. This represents a $1.76 annualized dividend and a dividend yield of 3.5%. This is a boost from Fidelity National Information Services’s previous quarterly dividend of $0.40. Fidelity National Information Services’s payout ratio is presently 241.10%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on FIS shares. Argus reduced their price target on Fidelity National Information Services from $92.00 to $65.00 and set a “buy” rating on the stock in a research report on Thursday, February 26th. TD Cowen lowered their price objective on Fidelity National Information Services from $89.00 to $78.00 and set a “buy” rating for the company in a research report on Wednesday, February 25th. Royal Bank Of Canada cut their target price on shares of Fidelity National Information Services from $86.00 to $69.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 24th. UBS Group reduced their target price on shares of Fidelity National Information Services from $83.00 to $73.00 and set a “buy” rating on the stock in a report on Wednesday, February 25th. Finally, Truist Financial decreased their price target on shares of Fidelity National Information Services from $69.00 to $57.00 and set a “hold” rating for the company in a research note on Tuesday, March 3rd. Fourteen investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $69.86.

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.