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

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

Several other hedge funds have also made changes to their positions in the company. Brighton Jones LLC purchased a new stake in Fidelity National Information Services in the fourth quarter worth about $347,000. Geneos Wealth Management Inc. increased its position in Fidelity National Information Services by 70.1% during the 1st 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 period. Sivia Capital Partners LLC bought a new stake in shares of Fidelity National Information Services in the 2nd quarter valued at about $302,000. Marshall Wace LLP purchased a new stake in shares of Fidelity National Information Services in the 2nd quarter worth approximately $4,896,000. Finally, Cresset Asset Management LLC lifted its position in shares of Fidelity National Information Services by 20.5% in the 2nd quarter. Cresset Asset Management LLC now owns 5,290 shares of the information technology services provider’s stock worth $431,000 after purchasing an additional 901 shares during the period. 96.23% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

FIS has been the topic of a number of recent research reports. The Goldman Sachs Group dropped their price objective 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. BNP Paribas Exane lowered their target price 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. Oppenheimer dropped their target price on Fidelity National Information Services from $69.00 to $62.00 in a research report on Friday, May 8th. Wall Street Zen downgraded Fidelity National Information Services from a “buy” rating to a “hold” rating in a report on Sunday, May 17th. Finally, Citigroup reduced their price target on Fidelity National Information Services from $53.00 to $48.00 in a research report on Friday, May 8th. Thirteen analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $58.77.

Fidelity National Information Services Trading Up 0.7%

Fidelity National Information Services stock opened at $42.21 on Tuesday. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.59 and a current ratio of 0.59. The stock has a market cap 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 stock has a 50-day moving average of $40.99 and a two-hundred day moving average of $48.05. Fidelity National Information Services, Inc. has a one year low of $37.42 and a one year high of $82.62.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings results on Friday, May 8th. The information technology services provider reported $1.36 earnings per share 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 business had revenue of $3.29 billion for the quarter, compared to analyst estimates of $3.28 billion. During the same quarter in the previous year, the firm earned $1.21 earnings per share. The company’s revenue was up 30.1% on a year-over-year basis. 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, research analysts anticipate that Fidelity National Information Services, Inc. will post 6.28 EPS for the current fiscal year.

Fidelity National Information Services Announces Dividend

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

About Fidelity National Information Services

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.