Bank of New York Mellon Corp Sells 384,644 Shares of Fidelity National Information Services, Inc. $FIS

Bank of New York Mellon Corp lessened its position in Fidelity National Information Services, Inc. (NYSE:FIS) by 12.1% during the fourth quarter, Holdings Channel.com reports. The fund owned 2,785,994 shares of the information technology services provider’s stock after selling 384,644 shares during the period. Bank of New York Mellon Corp’s holdings in Fidelity National Information Services were worth $185,157,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. BOKF NA lifted its holdings in shares of Fidelity National Information Services by 0.6% during the third quarter. BOKF NA now owns 28,031 shares of the information technology services provider’s stock valued at $1,848,000 after purchasing an additional 159 shares during the last quarter. Fiduciary Trust Co lifted its holdings in shares of Fidelity National Information Services by 4.9% during the third quarter. Fiduciary Trust Co now owns 3,465 shares of the information technology services provider’s stock valued at $228,000 after purchasing an additional 161 shares during the last quarter. FJ Capital Management LLC lifted its holdings in shares of Fidelity National Information Services by 4.7% during the second quarter. FJ Capital Management LLC now owns 3,600 shares of the information technology services provider’s stock valued at $293,000 after purchasing an additional 163 shares during the last quarter. Spire Wealth Management lifted its holdings in shares of Fidelity National Information Services by 15.6% during the fourth quarter. Spire Wealth Management now owns 1,299 shares of the information technology services provider’s stock valued at $86,000 after purchasing an additional 175 shares during the last quarter. Finally, Michels Family Financial LLC lifted its holdings in shares of Fidelity National Information Services by 2.9% during the third quarter. Michels Family Financial LLC now owns 6,905 shares of the information technology services provider’s stock valued at $455,000 after purchasing an additional 194 shares during the last quarter. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on FIS. JPMorgan Chase & Co. reduced their price target on Fidelity National Information Services from $80.00 to $65.00 and set an “overweight” rating for the company in a report on Thursday, February 12th. Oppenheimer reduced their price target on Fidelity National Information Services from $69.00 to $62.00 in a report on Friday, May 8th. 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. Citigroup reduced their price target on Fidelity National Information Services from $53.00 to $48.00 in a report on Friday, May 8th. Finally, TD Cowen cut their price target on shares of 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. Thirteen research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $61.33.

Fidelity National Information Services Stock Performance

FIS opened at $41.03 on Friday. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 1.05. The company has a market cap of $21.21 billion, a price-to-earnings ratio of 7.95, a PEG ratio of 0.41 and a beta of 0.78. The company’s 50 day moving average is $44.96 and its 200 day moving average is $53.77. Fidelity National Information Services, Inc. has a 12-month low of $40.33 and a 12-month high of $82.74.

Fidelity National Information Services (NYSE:FIS) last announced 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. Fidelity National Information Services had a return on equity of 21.30% and a net margin of 23.35%.The company had revenue of $3.30 billion for the quarter, compared to analysts’ expectations of $3.28 billion. During the same period last year, the firm earned $1.21 EPS. Fidelity National Information Services’s revenue for the quarter 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 EPS for the current year.

Fidelity National Information Services Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Thursday, June 11th will be issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend is Thursday, June 11th. Fidelity National Information Services’s dividend payout ratio (DPR) 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.