California Public Employees Retirement System Sells 16,591 Shares of Fidelity National Information Services, Inc. $FIS

California Public Employees Retirement System cut its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 1.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 899,506 shares of the information technology services provider’s stock after selling 16,591 shares during the quarter. California Public Employees Retirement System owned 0.17% of Fidelity National Information Services worth $42,196,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of FIS. Salomon & Ludwin LLC grew its stake in shares of Fidelity National Information Services by 100.5% in the 4th quarter. Salomon & Ludwin LLC now owns 387 shares of the information technology services provider’s stock worth $26,000 after buying an additional 194 shares in the last quarter. MBM Wealth Consultants LLC purchased a new stake in shares of Fidelity National Information Services during the 1st quarter valued at about $33,000. Thurston Springer Miller Herd & Titak Inc. raised its position in shares of Fidelity National Information Services by 251.4% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 506 shares of the information technology services provider’s stock valued at $34,000 after buying an additional 362 shares in the last quarter. Reflection Asset Management bought a new position in shares of Fidelity National Information Services in the 4th quarter valued at about $34,000. Finally, Kemnay Advisory Services Inc. purchased a new position in Fidelity National Information Services in the fourth quarter worth about $42,000. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. BNP Paribas Exane reduced their price objective on Fidelity National Information Services from $40.00 to $37.00 and set an “underperform” rating on the stock in a research note on Thursday, May 14th. TD Cowen dropped their target price on Fidelity National Information Services from $78.00 to $62.00 and set a “buy” rating for the company in a report on Tuesday, May 12th. The Goldman Sachs Group cut 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 report on Monday, May 11th. Deutsche Bank Aktiengesellschaft decreased their price target on Fidelity National Information Services from $55.00 to $50.00 in a report on Monday, May 11th. Finally, Weiss Ratings downgraded Fidelity National Information Services from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, July 9th. Thirteen analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $58.77.

Fidelity National Information Services Stock Performance

Shares of Fidelity National Information Services stock opened at $42.21 on Tuesday. The stock’s fifty day moving average is $40.99 and its two-hundred day moving average is $48.05. The company has a market capitalization of $21.82 billion, a PE ratio of 8.18, a price-to-earnings-growth ratio of 0.41 and a beta of 0.80. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 1.05. Fidelity National Information Services, Inc. has a 52 week low of $37.42 and a 52 week high of $82.62.

Fidelity National Information Services (NYSE:FIS) last released its earnings results 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 business had revenue of $3.29 billion during the quarter, compared to the consensus estimate of $3.28 billion. Fidelity National Information Services had a return on equity of 21.30% and a net margin of 23.35%.The business’s revenue for the quarter was up 30.1% compared to the same quarter last year. During the same period last year, the company earned $1.21 earnings per share. 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. As a group, analysts expect that Fidelity National Information Services, Inc. will post 6.28 earnings per share for the current year.

Fidelity National Information Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Thursday, June 11th were issued a dividend of $0.44 per share. The ex-dividend date 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 dividend payout ratio (DPR) is presently 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.