Bank of New York Mellon Corp Sells 163,396 Shares of Fidelity National Information Services, Inc. $FIS

Bank of New York Mellon Corp trimmed its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 5.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,622,598 shares of the information technology services provider’s stock after selling 163,396 shares during the quarter. Bank of New York Mellon Corp’s holdings in Fidelity National Information Services were worth $123,026,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new stake in Fidelity National Information Services during the first quarter worth about $206,000. Bleakley Financial Group LLC boosted its position in shares of Fidelity National Information Services by 0.3% during the 1st quarter. Bleakley Financial Group LLC now owns 115,095 shares of the information technology services provider’s stock worth $5,399,000 after acquiring an additional 328 shares in the last quarter. Chicago Partners Investment Group LLC boosted its position in shares of Fidelity National Information Services by 205.6% during the 1st quarter. Chicago Partners Investment Group LLC now owns 23,555 shares of the information technology services provider’s stock worth $1,127,000 after acquiring an additional 15,848 shares in the last quarter. Tevis Investment Management bought a new position in Fidelity National Information Services in the first quarter valued at approximately $224,000. Finally, Global Assets Advisory LLC acquired a new position in Fidelity National Information Services during the first quarter valued at approximately $1,900,000. Institutional investors and hedge funds own 96.23% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on FIS. UBS Group cut their target price on Fidelity National Information Services from $73.00 to $63.00 and set a “buy” rating for the company in a research note on Monday, May 11th. Morgan Stanley initiated coverage on Fidelity National Information Services in a research note on Tuesday, July 7th. They issued an “equal weight” rating and a $47.00 price target on the stock. BNP Paribas Exane lowered their price target on Fidelity National Information Services from $40.00 to $37.00 and set an “underperform” rating for the company in a report on Thursday, May 14th. Truist Financial dropped their price objective on Fidelity National Information Services from $50.00 to $45.00 and set a “hold” rating for the company in a research report on Thursday, May 28th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on Fidelity National Information Services from $55.00 to $50.00 in a research report on Monday, May 11th. Thirteen investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $58.77.

Fidelity National Information Services Stock Performance

Fidelity National Information Services stock opened at $41.82 on Monday. The business has a 50 day moving average of $40.99 and a 200-day moving average of $48.22. The company has a market capitalization of $21.62 billion, a P/E ratio of 8.11, a P/E/G ratio of 0.41 and a beta of 0.80. Fidelity National Information Services, Inc. has a 1 year low of $37.42 and a 1 year high of $82.62. 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 (NYSE:FIS) last posted 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. Fidelity National Information Services had a net margin of 23.35% and a return on equity of 21.30%. The business had revenue of $3.29 billion for the quarter, compared to the consensus estimate of $3.28 billion. During the same period last year, the company earned $1.21 EPS. The firm’s revenue was up 30.1% compared to the same quarter last year. 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 predict that Fidelity National Information Services, Inc. will post 6.28 earnings per share for the current year.

Fidelity National Information Services Dividend Announcement

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

Fidelity National Information Services Company 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.