California State Teachers Retirement System Decreases Stock Position in Fidelity National Information Services, Inc. $FIS

California State Teachers Retirement System lowered its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 3.9% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 861,155 shares of the information technology services provider's stock after selling 35,305 shares during the period. California State Teachers Retirement System owned about 0.17% of Fidelity National Information Services worth $33,481,706 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of FIS. Rexford Capital Inc. lifted its holdings in shares of Fidelity National Information Services by 16.1% in the 1st quarter. Rexford Capital Inc. now owns 1,656 shares of the information technology services provider's stock worth $78,000 after purchasing an additional 230 shares during the last quarter. Azzad Asset Management Inc. ADV boosted its position in shares of Fidelity National Information Services by 2.0% during the 1st quarter. Azzad Asset Management Inc. ADV now owns 12,598 shares of the information technology services provider's stock worth $591,000 after acquiring an additional 250 shares in the last quarter. Evoke Wealth LLC boosted its holdings in Fidelity National Information Services by 4.7% in the fourth quarter. Evoke Wealth LLC now owns 5,687 shares of the information technology services provider's stock valued at $378,000 after acquiring an additional 257 shares during the last quarter. Saxon Interests Inc. raised its holdings in shares of Fidelity National Information Services by 3.5% in the 4th quarter. Saxon Interests Inc. now owns 8,327 shares of the information technology services provider's stock worth $553,000 after acquiring an additional 281 shares during the last quarter. Finally, Dynamic Advisor Solutions LLC grew its stake in shares of Fidelity National Information Services by 4.8% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 6,316 shares of the information technology services provider's stock worth $246,000 after acquiring an additional 290 shares during the period. 96.23% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on FIS shares. Piper Sandler started coverage on Fidelity National Information Services in a research note on Friday. They issued a "neutral" rating and a $42.00 target price on the stock. Truist Financial reduced their price objective on Fidelity National Information Services from $45.00 to $43.00 and set a "hold" rating on the stock in a research report on Friday, July 24th. UBS Group restated a "neutral" rating and issued a $49.00 price objective (down from $63.00) on shares of Fidelity National Information Services in a research note on Wednesday, August 5th. National Bank Financial set a $50.00 target price on Fidelity National Information Services in a report on Monday, August 10th. Finally, Royal Bank Of Canada decreased their price objective on Fidelity National Information Services from $57.00 to $53.00 and set an "outperform" rating for the company in a report on Wednesday, August 5th. Ten research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, Fidelity National Information Services presently has a consensus rating of "Hold" and an average target price of $53.46.

Fidelity National Information Services Stock Down 1.3%

Shares of FIS stock traded down $0.49 during trading hours on Tuesday, reaching $37.69. The company had a trading volume of 2,572,034 shares, compared to its average volume of 5,991,466. Fidelity National Information Services, Inc. has a 12 month low of $37.42 and a 12 month high of $69.14. 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 business has a fifty day simple moving average of $41.80 and a 200-day simple moving average of $43.74. The company has a market cap of $19.48 billion, a price-to-earnings ratio of 5.78, a price-to-earnings-growth ratio of 0.40 and a beta of 0.79.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The information technology services provider reported $1.48 earnings per share 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 analysts' expectations of $3.38 billion. During the same quarter last year, the business posted $1.36 EPS. 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. On average, research analysts expect that Fidelity National Information Services, Inc. will post 6.19 earnings per share for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 11th will be paid a dividend of $0.44 per share. The ex-dividend date is Friday, September 11th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 4.7%. Fidelity National Information Services's payout ratio is presently 27.04%.

Fidelity National Information Services Company Profile

Fidelity National Information Services, Inc NYSE: FIS is a global financial technology company that provides software, services and technology solutions to banks, credit unions, wealth management firms, capital markets institutions and other financial organizations. Its offerings support core banking, digital banking, payments processing, fraud prevention, risk management, compliance, data analytics and customer engagement.

FIS provides platforms for account processing, transaction processing, lending, treasury management, card and payment operations, and investment management.

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