Bank of America Corp DE Lowers Holdings in Fidelity National Information Services, Inc. $FIS

Bank of America Corp DE reduced its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 24.6% during the 1st quarter, HoldingsChannel reports. The fund owned 2,247,828 shares of the information technology services provider’s stock after selling 731,767 shares during the period. Bank of America Corp DE’s holdings in Fidelity National Information Services were worth $105,446,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC purchased a new stake in Fidelity National Information Services during the 4th quarter worth $347,000. Geneos Wealth Management Inc. boosted its holdings in Fidelity National Information Services by 70.1% in the first quarter. Geneos Wealth Management Inc. now owns 1,046 shares of the information technology services provider’s stock valued at $78,000 after purchasing an additional 431 shares during the last quarter. Sivia Capital Partners LLC acquired a new stake in Fidelity National Information Services during the 2nd quarter valued at approximately $302,000. Marshall Wace LLP acquired a new position in shares of Fidelity National Information Services in the 2nd quarter valued at approximately $4,896,000. Finally, Cresset Asset Management LLC boosted its stake in shares of Fidelity National Information Services by 20.5% during the 2nd quarter. Cresset Asset Management LLC now owns 5,290 shares of the information technology services provider’s stock valued at $431,000 after buying an additional 901 shares during the last quarter. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Fidelity National Information Services Stock Down 0.1%

FIS stock opened at $42.78 on Friday. The company has a quick ratio of 0.59, a current ratio of 0.53 and a debt-to-equity ratio of 0.96. The firm’s 50-day simple moving average is $41.14 and its 200 day simple moving average is $45.98. The stock has a market cap of $22.11 billion, a PE ratio of 6.57, a price-to-earnings-growth ratio of 0.42 and a beta of 0.77. Fidelity National Information Services, Inc. has a fifty-two week low of $37.42 and a fifty-two week high of $72.91.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings data on Tuesday, August 4th. The information technology services provider reported $1.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.01. Fidelity National Information Services had a return on equity of 20.95% and a net margin of 27.64%.The business had revenue of $3.38 billion during the quarter, compared to the consensus estimate of $3.38 billion. During the same period in the previous year, the firm posted $1.36 earnings per share. The business’s revenue was up 29.1% on a year-over-year basis. Fidelity National Information Services has set its FY 2026 guidance at 6.150-6.240 EPS and its Q3 2026 guidance at 1.580-1.620 EPS. As a group, sell-side analysts predict that Fidelity National Information Services, Inc. will post 6.2 EPS for the current year.

Fidelity National Information Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 11th will be issued a $0.44 dividend. The ex-dividend date is Friday, September 11th. This represents a $1.76 annualized dividend and a dividend yield of 4.1%. Fidelity National Information Services’s dividend payout ratio (DPR) is 27.04%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on FIS. Barclays decreased their price target on shares of Fidelity National Information Services from $44.00 to $43.00 and set an “equal weight” rating for the company in a research report on Wednesday. Oppenheimer decreased their price objective on shares of Fidelity National Information Services from $69.00 to $62.00 in a report on Friday, May 8th. TD Cowen dropped their target price on shares of Fidelity National Information Services from $62.00 to $58.00 and set a “buy” rating for the company in a research report on Wednesday. The Goldman Sachs Group cut their target price on shares of Fidelity National Information Services from $65.00 to $57.00 and set a “buy” rating on the stock in a research note on Monday, May 11th. Finally, BNP Paribas Exane decreased their price target on Fidelity National Information Services from $40.00 to $37.00 and set an “underperform” rating for the company in a research note on Thursday, May 14th. Twelve investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $56.55.

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.