Crescent Grove Advisors LLC Cuts Stock Position in Fidelity National Information Services, Inc. $FIS

Crescent Grove Advisors LLC lessened its position in Fidelity National Information Services, Inc. (NYSE:FIS) by 11.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 150,930 shares of the information technology services provider’s stock after selling 19,037 shares during the quarter. Fidelity National Information Services makes up 0.9% of Crescent Grove Advisors LLC’s investment portfolio, making the stock its 25th largest holding. Crescent Grove Advisors LLC’s holdings in Fidelity National Information Services were worth $10,031,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of FIS. Dodge & Cox raised its holdings in shares of Fidelity National Information Services by 22.2% in the 3rd quarter. Dodge & Cox now owns 43,105,207 shares of the information technology services provider’s stock valued at $2,842,357,000 after buying an additional 7,830,710 shares during the period. Norges Bank purchased a new stake in shares of Fidelity National Information Services in the 4th quarter valued at $495,956,000. Balyasny Asset Management L.P. raised its holdings in shares of Fidelity National Information Services by 585.9% in the 3rd quarter. Balyasny Asset Management L.P. now owns 2,365,322 shares of the information technology services provider’s stock valued at $155,969,000 after buying an additional 2,852,118 shares during the period. AQR Capital Management LLC raised its holdings in shares of Fidelity National Information Services by 71.7% in the 2nd quarter. AQR Capital Management LLC now owns 2,483,575 shares of the information technology services provider’s stock valued at $201,294,000 after buying an additional 1,037,100 shares during the period. Finally, Nomura Holdings Inc. raised its holdings in shares of Fidelity National Information Services by 32,832.1% in the 3rd quarter. Nomura Holdings Inc. now owns 843,390 shares of the information technology services provider’s stock valued at $55,613,000 after buying an additional 840,829 shares during the period. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Citigroup cut their price objective on Fidelity National Information Services from $53.00 to $48.00 in a report on Friday, May 8th. Susquehanna lowered their target price on Fidelity National Information Services from $69.00 to $55.00 and set a “neutral” rating for the company in a research note on Wednesday, February 25th. Wolfe Research lowered their target price on Fidelity National Information Services from $90.00 to $70.00 and set an “outperform” rating for the company in a research note on Wednesday, February 25th. Wall Street Zen cut Fidelity National Information Services from a “buy” rating to a “hold” rating in a research note on Sunday, May 17th. Finally, BNP Paribas Exane lowered their target price on Fidelity National Information Services from $40.00 to $37.00 and set an “underperform” rating for the company in a research note on Thursday, May 14th. Thirteen investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $61.33.

Fidelity National Information Services Trading Down 3.8%

FIS opened at $40.90 on Thursday. Fidelity National Information Services, Inc. has a 12 month low of $40.33 and a 12 month high of $82.74. The stock has a market capitalization of $21.14 billion, a price-to-earnings ratio of 7.93, a PEG ratio of 0.42 and a beta of 0.78. 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 business has a fifty day moving average price of $45.24 and a 200 day moving average price of $54.02.

Fidelity National Information Services (NYSE:FIS) last released its earnings results on Friday, May 8th. The information technology services provider reported $1.36 EPS for the quarter, topping the consensus estimate of $1.28 by $0.08. The firm had revenue of $3.30 billion during the quarter, compared to analysts’ expectations of $3.28 billion. Fidelity National Information Services had a return on equity of 21.30% and a net margin of 23.35%.Fidelity National Information Services’s revenue for the quarter was up 30.1% on a year-over-year basis. During the same period in the previous year, the firm posted $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. Sell-side analysts expect that Fidelity National Information Services, Inc. will post 6.28 earnings per share for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Thursday, June 11th will be given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend is Thursday, June 11th. Fidelity National Information Services’s dividend payout ratio is currently 34.11%.

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.