Equitable Trust Co. Sells 15,356 Shares of Fidelity National Information Services, Inc. $FIS

Equitable Trust Co. cut its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 11.6% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 116,796 shares of the information technology services provider’s stock after selling 15,356 shares during the quarter. Equitable Trust Co.’s holdings in Fidelity National Information Services were worth $5,479,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in FIS. Nordea Investment Management AB lifted its position in 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 valued at $96,048,000 after acquiring an additional 191,957 shares during the period. Clear Trail Advisors LLC purchased a new stake in Fidelity National Information Services in the fourth quarter worth about $2,590,000. SG Americas Securities LLC grew its holdings in Fidelity National Information Services by 702.1% in the fourth quarter. SG Americas Securities LLC now owns 576,026 shares of the information technology services provider’s stock worth $38,283,000 after purchasing an additional 504,215 shares during the period. Norges Bank bought a new position in shares of Fidelity National Information Services during the fourth quarter valued at approximately $495,956,000. Finally, Brighton Jones LLC bought a new position in shares of Fidelity National Information Services during the fourth quarter valued at approximately $347,000. Institutional investors own 96.23% of the company’s stock.

Fidelity National Information Services Stock Performance

Shares of FIS opened at $41.55 on Friday. The business’s fifty day simple moving average is $41.51 and its two-hundred day simple moving average is $49.30. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 1.05. Fidelity National Information Services, Inc. has a 12 month low of $37.42 and a 12 month high of $82.62. The company has a market cap of $21.48 billion, a price-to-earnings ratio of 8.05, a P/E/G ratio of 0.40 and a beta of 0.80.

Fidelity National Information Services (NYSE:FIS) last posted its earnings results on Friday, May 8th. The information technology services provider reported $1.36 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.08. The business 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 company’s quarterly revenue was up 30.1% compared to the same quarter last year. During the same quarter last year, the company 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. Research analysts anticipate that Fidelity National Information Services, Inc. will post 6.28 earnings per share for the current fiscal year.

Fidelity National Information Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Thursday, June 11th were given a $0.44 dividend. The ex-dividend date of this dividend was Thursday, June 11th. This represents a $1.76 dividend on an annualized basis and a yield of 4.2%. Fidelity National Information Services’s payout ratio is 34.11%.

Analysts Set New Price Targets

A number of brokerages have recently commented on FIS. Barclays started coverage on Fidelity National Information Services in a research report on Wednesday. They issued an “equal weight” rating and a $44.00 price target on the stock. Oppenheimer reduced their price objective on Fidelity National Information Services from $69.00 to $62.00 in a research report on Friday, May 8th. Deutsche Bank Aktiengesellschaft lowered their price objective on Fidelity National Information Services from $55.00 to $50.00 in a research note on Monday, May 11th. TD Cowen dropped their target price on Fidelity National Information Services from $78.00 to $62.00 and set a “buy” rating on the stock in a report on Tuesday, May 12th. Finally, Cantor Fitzgerald reduced their price target on Fidelity National Information Services from $62.00 to $55.00 and set an “overweight” rating for the company in a report on Monday, May 11th. Thirteen research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Fidelity National Information Services currently has a consensus rating of “Moderate Buy” and an average price target of $59.96.

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.