Cullen Investment Group LTD. Decreases Stock Position in Fidelity National Information Services, Inc. $FIS

Cullen Investment Group LTD. trimmed its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 57.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 28,760 shares of the information technology services provider’s stock after selling 39,190 shares during the period. Cullen Investment Group LTD.’s holdings in Fidelity National Information Services were worth $1,923,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Root Financial Partners LLC acquired a new stake in shares of Fidelity National Information Services in the third quarter valued at approximately $29,000. LRI Investments LLC raised its position in shares of Fidelity National Information Services by 613.1% during the 3rd quarter. LRI Investments LLC now owns 435 shares of the information technology services provider’s stock worth $29,000 after purchasing an additional 374 shares during the last quarter. Raiffeisen Bank International AG purchased a new stake in Fidelity National Information Services in the 3rd quarter valued at approximately $29,000. GoalVest Advisory LLC purchased a new stake in Fidelity National Information Services in the 4th quarter valued at approximately $33,000. Finally, Steigerwald Gordon & Koch Inc. acquired a new stake in Fidelity National Information Services during the 3rd quarter valued at $37,000. 96.23% of the stock is currently owned by hedge funds and other institutional investors.

Fidelity National Information Services Price Performance

FIS stock opened at $47.64 on Thursday. The stock has a market capitalization of $24.51 billion, a price-to-earnings ratio of 65.26, a price-to-earnings-growth ratio of 0.48 and a beta of 0.90. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.65. Fidelity National Information Services, Inc. has a 52-week low of $46.16 and a 52-week high of $82.74. The stock’s fifty day simple moving average is $52.14 and its 200-day simple moving average is $61.13.

Fidelity National Information Services (NYSE:FIS) last released its earnings results on Tuesday, February 24th. The information technology services provider reported $1.68 EPS for the quarter, missing the consensus estimate of $1.69 by ($0.01). Fidelity National Information Services had a net margin of 3.58% and a return on equity of 21.21%. The business had revenue of $2.81 billion during the quarter, compared to analyst estimates of $2.74 billion. During the same quarter in the previous year, the company posted $1.40 earnings per share. The business’s revenue for the quarter was up 8.2% compared to the same quarter last year. 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. Equities research analysts expect that Fidelity National Information Services, Inc. will post 5.74 EPS for the current year.

Fidelity National Information Services Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 24th. Stockholders of record on Tuesday, March 10th were issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 3.7%. The ex-dividend date was Tuesday, March 10th. This is an increase from Fidelity National Information Services’s previous quarterly dividend of $0.40. Fidelity National Information Services’s payout ratio is currently 241.10%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Weiss Ratings reissued a “sell (d)” rating on shares of Fidelity National Information Services in a report on Thursday, January 22nd. Cantor Fitzgerald started coverage on Fidelity National Information Services in a research note on Tuesday, January 27th. They set an “overweight” rating and a $72.00 price objective on the stock. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $70.00 price objective on shares of Fidelity National Information Services in a research report on Thursday, January 15th. The Goldman Sachs Group started coverage on shares of Fidelity National Information Services in a report on Monday, March 9th. They issued a “buy” rating and a $70.00 target price on the stock. Finally, Raymond James Financial decreased their price target on shares of Fidelity National Information Services from $82.00 to $60.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 25th. Fourteen investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $69.86.

Insider Activity at Fidelity National Information Services

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

About Fidelity National Information Services

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.