Fidelity National Information Services, Inc. $FIS Shares Sold by Van ECK Associates Corp

Van ECK Associates Corp lessened its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 71.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,972 shares of the information technology services provider’s stock after selling 25,144 shares during the period. Van ECK Associates Corp’s holdings in Fidelity National Information Services were worth $388,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. BOKF NA boosted its holdings in shares of Fidelity National Information Services by 0.6% during the 3rd 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 last quarter. Fiduciary Trust Co increased its holdings in shares of 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 valued at $228,000 after purchasing an additional 161 shares during the last quarter. FJ Capital Management LLC lifted its position in 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 worth $293,000 after buying an additional 163 shares in the last quarter. Horizon Investments LLC lifted its position in Fidelity National Information Services by 2.6% during the fourth quarter. Horizon Investments LLC now owns 8,458 shares of the information technology services provider’s stock worth $562,000 after buying an additional 214 shares in the last quarter. Finally, Pinnacle Financial Partners Inc. boosted its stake in Fidelity National Information Services by 6.4% during the third quarter. Pinnacle Financial Partners Inc. now owns 3,732 shares of the information technology services provider’s stock worth $246,000 after buying an additional 223 shares during the last quarter. Institutional investors and hedge funds own 96.23% of the company’s stock.

Fidelity National Information Services Trading Down 0.9%

NYSE FIS opened at $41.88 on Friday. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.53 and a quick ratio of 0.53. The stock has a market capitalization of $21.65 billion, a P/E ratio of 6.43, a PEG ratio of 0.44 and a beta of 0.79. The firm’s 50-day moving average is $41.97 and its two-hundred day moving average is $44.15. Fidelity National Information Services, Inc. has a 12 month low of $37.42 and a 12 month high of $70.27.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings results on Tuesday, August 4th. The information technology services provider reported $1.48 earnings per share for the quarter, beating analysts’ consensus estimates of $1.47 by $0.01. Fidelity National Information Services had a net margin of 27.64% and a return on equity of 20.95%. The business had revenue of $3.38 billion during the quarter, compared to analysts’ expectations of $3.38 billion. During the same period last year, the business earned $1.36 earnings per share. The business’s revenue for the quarter 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. On average, sell-side analysts anticipate that Fidelity National Information Services, Inc. will post 6.19 earnings per share for the current year.

Fidelity National Information Services Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 11th will be given a $0.44 dividend. The ex-dividend date of this dividend is Friday, September 11th. This represents a $1.76 dividend on an annualized basis and a yield of 4.2%. Fidelity National Information Services’s payout ratio is presently 27.04%.

Analysts Set New Price Targets

A number of analysts have issued reports on FIS shares. Wall Street Zen downgraded Fidelity National Information Services from a “buy” rating to a “hold” rating in a research note on Sunday, May 17th. Wolfe Research boosted their price target on shares of Fidelity National Information Services from $53.00 to $54.00 and gave the company an “outperform” rating in a research report on Tuesday, August 25th. TD Cowen dropped their price objective on shares of Fidelity National Information Services from $58.00 to $53.00 and set a “buy” rating for the company in a report on Wednesday, August 26th. Wells Fargo & Company restated an “equal weight” rating and set a $46.00 price objective (down from $58.00) on shares of Fidelity National Information Services in a research report on Tuesday, August 25th. Finally, National Bank Financial set a $50.00 target price on shares of Fidelity National Information Services in a report on Monday, August 10th. Ten analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Fidelity National Information Services presently has an average rating of “Hold” and an average price target of $53.96.

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.