Kovitz Investment Group Partners LLC Lowers Position in Fidelity National Information Services, Inc. $FIS

Kovitz Investment Group Partners LLC cut its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 25.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 61,232 shares of the information technology services provider’s stock after selling 20,401 shares during the period. Kovitz Investment Group Partners LLC’s holdings in Fidelity National Information Services were worth $4,069,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Nordea Investment Management AB lifted its position in shares of Fidelity National Information Services by 15.4% during the 4th quarter. Nordea Investment Management AB now owns 1,440,210 shares of the information technology services provider’s stock worth $96,048,000 after buying an additional 191,957 shares in the last quarter. Clear Trail Advisors LLC bought a new position in shares of Fidelity National Information Services in the fourth quarter valued at approximately $2,590,000. SG Americas Securities LLC increased its position in shares of Fidelity National Information Services by 702.1% during the fourth quarter. SG Americas Securities LLC now owns 576,026 shares of the information technology services provider’s stock valued at $38,283,000 after acquiring an additional 504,215 shares during the last quarter. Brighton Jones LLC purchased a new stake in shares of Fidelity National Information Services during the fourth quarter valued at approximately $347,000. Finally, Norges Bank bought a new stake in Fidelity National Information Services during the fourth quarter worth $495,956,000. 96.23% of the stock is owned by hedge funds and other institutional investors.

Fidelity National Information Services Stock Performance

Shares of FIS opened at $38.17 on Friday. The firm has a market cap of $19.73 billion, a PE ratio of 7.40, a PEG ratio of 0.37 and a beta of 0.78. The stock’s fifty day moving average price is $43.43 and its two-hundred day moving average price is $52.00. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.59 and a quick ratio of 0.59. Fidelity National Information Services, Inc. has a 1 year low of $37.85 and a 1 year high of $82.74.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings data on Friday, May 8th. The information technology services provider reported $1.36 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.08. The company had revenue of $3.29 billion during the quarter, compared to analyst estimates of $3.28 billion. Fidelity National Information Services had a return on equity of 21.30% and a net margin of 23.35%.The firm’s revenue for the quarter was up 30.1% on a year-over-year basis. During the same quarter last 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. On average, equities research analysts forecast that Fidelity National Information Services, Inc. will post 6.28 EPS for the current year.

Fidelity National Information Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Thursday, June 11th will be paid a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date is Thursday, June 11th. Fidelity National Information Services’s dividend payout ratio is presently 34.11%.

Analysts Set New Price Targets

Several research firms have weighed in on FIS. Deutsche Bank Aktiengesellschaft cut their price objective on Fidelity National Information Services from $55.00 to $50.00 in a research report on Monday, May 11th. The Goldman Sachs Group lowered their target price on Fidelity National Information Services from $65.00 to $57.00 and set a “buy” rating on the stock in a research note on Monday, May 11th. Oppenheimer cut their price target on shares of Fidelity National Information Services from $69.00 to $62.00 in a report on Friday, May 8th. Stephens decreased their price objective on shares of Fidelity National Information Services from $85.00 to $65.00 and set an “overweight” rating for the company in a report on Friday, May 8th. Finally, Keefe, Bruyette & Woods lowered their price objective on shares of Fidelity National Information Services from $72.00 to $68.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 7th. Thirteen research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $61.33.

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.