Comerica Bank Trims Position in Fidelity National Information Services, Inc. $FIS

Comerica Bank cut its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 24.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 73,697 shares of the information technology services provider’s stock after selling 23,427 shares during the period. Comerica Bank’s holdings in Fidelity National Information Services were worth $4,898,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Pinnacle Bancorp Inc. increased its stake in shares of Fidelity National Information Services by 21.9% during the third quarter. Pinnacle Bancorp Inc. now owns 835 shares of the information technology services provider’s stock valued at $55,000 after buying an additional 150 shares during the period. BOKF NA grew its stake in Fidelity National Information Services by 0.6% in the third quarter. BOKF NA now owns 28,031 shares of the information technology services provider’s stock worth $1,848,000 after purchasing an additional 159 shares during the period. Fiduciary Trust Co grew its stake in Fidelity National Information Services by 4.9% in the third quarter. Fiduciary Trust Co now owns 3,465 shares of the information technology services provider’s stock worth $228,000 after purchasing an additional 161 shares during the period. FJ Capital Management LLC grew its stake in Fidelity National Information Services by 4.7% in the second quarter. FJ Capital Management LLC now owns 3,600 shares of the information technology services provider’s stock worth $293,000 after purchasing an additional 163 shares during the period. Finally, Gratus Wealth Advisors LLC grew its stake in Fidelity National Information Services by 1.4% in the third quarter. Gratus Wealth Advisors LLC now owns 12,389 shares of the information technology services provider’s stock worth $817,000 after purchasing an additional 170 shares during the period. 96.23% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Fidelity National Information Services

In related news, CEO Stephanie Ferris bought 19,846 shares of the business’s stock in a transaction dated Thursday, March 5th. The shares were purchased at an average cost of $50.39 per share, with a total value of $1,000,039.94. Following the completion of the purchase, the chief executive officer owned 281,458 shares in the company, valued at approximately $14,182,668.62. The trade was a 7.59% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.21% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on FIS. Raymond James Financial reduced their price target on Fidelity National Information Services from $82.00 to $60.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 25th. Cantor Fitzgerald began coverage on Fidelity National Information Services in a research note on Tuesday, January 27th. They issued an “overweight” rating and a $72.00 price target on the stock. JPMorgan Chase & Co. reduced their price target on Fidelity National Information Services from $80.00 to $65.00 and set an “overweight” rating on the stock in a research note on Thursday, February 12th. Wells Fargo & Company reduced their price target on Fidelity National Information Services from $81.00 to $67.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 25th. Finally, Citigroup reduced their price target on Fidelity National Information Services from $70.00 to $53.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 25th. Thirteen investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Fidelity National Information Services currently has a consensus rating of “Moderate Buy” and an average price target of $67.10.

Fidelity National Information Services Trading Up 0.1%

NYSE FIS opened at $46.57 on Friday. Fidelity National Information Services, Inc. has a 12 month low of $43.29 and a 12 month high of $82.74. The stock has a market cap of $24.07 billion, a P/E ratio of 63.79, a P/E/G ratio of 0.46 and a beta of 0.82. The stock’s fifty day moving average price is $48.16 and its 200-day moving average price is $57.60. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.65.

Fidelity National Information Services (NYSE:FIS) last released its earnings results on Tuesday, February 24th. The information technology services provider reported $1.68 EPS for the quarter, missing analysts’ consensus estimates of $1.69 by ($0.01). Fidelity National Information Services had a return on equity of 21.21% and a net margin of 3.58%.The company had revenue of $2.81 billion during the quarter, compared to analysts’ expectations of $2.74 billion. During the same period in the prior year, the company posted $1.40 earnings per share. The company’s revenue was up 8.2% on a year-over-year basis. Fidelity National Information Services has set its Q1 2026 guidance at 1.260-1.300 EPS and its FY 2026 guidance at 6.220-6.320 EPS. As a group, equities analysts forecast that Fidelity National Information Services, Inc. will post 6.27 EPS for the current fiscal year.

Fidelity National Information Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Thursday, June 11th will be paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend is Thursday, June 11th. Fidelity National Information Services’s dividend payout ratio is currently 241.10%.

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.