Cannell & Spears LLC Lowers Stock Position in Fidelity National Information Services, Inc. $FIS

Key Points

• Cannell & Spears LLC reduced its stake in Fidelity National Information Services by 4.0% in Q3, selling 28,600 shares and leaving it with 678,406 shares worth about $44.7 million (≈0.13% of the company); institutional investors now own 96.23% of FIS.
• CEO Stephanie Ferris bought 19,846 shares on March 5 at an average price of $50.39 (~$1.0 million), increasing her holding to 281,458 shares (a 7.59% increase).
• FIS raised its quarterly dividend to $0.44 (annualized $1.76, ~3.5% yield) even as last quarter's EPS of $1.68 missed estimates by $0.01 while revenue of $2.81 billion beat expectations; the company set FY2026 guidance at 6.22–6.32 EPS.

Cannell & Spears LLC cut its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 4.0% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 678,406 shares of the information technology services provider's stock after selling 28,600 shares during the period. Cannell & Spears LLC owned 0.13% of Fidelity National Information Services worth $44,734,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Root Financial Partners LLC bought a new stake in Fidelity National Information Services during the 3rd quarter valued at $29,000. LRI Investments LLC increased its holdings in shares of Fidelity National Information Services by 613.1% in the 3rd quarter. LRI Investments LLC now owns 435 shares of the information technology services provider's stock valued at $29,000 after acquiring an additional 374 shares during the period. Raiffeisen Bank International AG bought a new position in shares of Fidelity National Information Services in the 3rd quarter worth $29,000. Steigerwald Gordon & Koch Inc. purchased a new stake in shares of Fidelity National Information Services during the 3rd quarter worth $37,000. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Fidelity National Information Services during the 3rd quarter worth $43,000. Institutional investors own 96.23% of the company's stock.

Insider Buying and Selling

In related news, CEO Stephanie Ferris acquired 19,846 shares of the stock in a transaction dated Thursday, March 5th. The stock was acquired at an average cost of $50.39 per share, for a total transaction of $1,000,039.94. Following the completion of the purchase, the chief executive officer owned 281,458 shares of the company's stock, valued at approximately $14,182,668.62. This represents a 7.59% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jeffrey A. Goldstein acquired 941 shares of the company's stock in a transaction dated Thursday, January 15th. The shares were bought at an average cost of $64.11 per share, for a total transaction of $60,327.51. Following the completion of the acquisition, the director directly owned 14,529 shares of the company's stock, valued at approximately $931,454.19. The trade was a 6.93% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 0.21% of the company's stock.

Fidelity National Information Services Trading Up 0.9%

Fidelity National Information Services stock opened at $49.69 on Friday. The stock has a 50-day moving average of $54.81 and a two-hundred day moving average of $62.23. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.59 and a current ratio of 0.59. Fidelity National Information Services, Inc. has a one year low of $46.16 and a one year high of $82.74. The stock has a market cap of $25.56 billion, a PE ratio of 68.06, a price-to-earnings-growth ratio of 0.49 and a beta of 0.90.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last issued its quarterly earnings results on Tuesday, February 24th. The information technology services provider reported $1.68 earnings per share 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 business had revenue of $2.81 billion for the quarter, compared to analysts' expectations of $2.74 billion. During the same quarter in the previous year, the firm posted $1.40 EPS. Fidelity National Information Services'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. On average, research analysts anticipate that Fidelity National Information Services, Inc. will post 5.74 EPS for the current fiscal year.

Fidelity National Information Services Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 24th. Shareholders of record on Tuesday, March 10th will be given a dividend of $0.44 per share. The ex-dividend date of this dividend is Tuesday, March 10th. This represents a $1.76 annualized dividend and a yield of 3.5%. This is a boost from Fidelity National Information Services's previous quarterly dividend of $0.40. Fidelity National Information Services's payout ratio is presently 241.10%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on FIS shares. Weiss Ratings reiterated a "sell (d)" rating on shares of Fidelity National Information Services in a research note on Thursday, January 22nd. Wolfe Research decreased their price target on shares of Fidelity National Information Services from $90.00 to $70.00 and set an "outperform" rating for the company in a research report on Wednesday, February 25th. Royal Bank Of Canada lowered their price target on shares of Fidelity National Information Services from $86.00 to $69.00 and set an "outperform" rating on the stock in a report on Tuesday, February 24th. Susquehanna cut their price objective on shares of Fidelity National Information Services from $69.00 to $55.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 25th. Finally, Keefe, Bruyette & Woods reduced their price objective on shares of Fidelity National Information Services from $85.00 to $72.00 and set an "outperform" rating for the company in a research note on Wednesday, February 25th. Fourteen research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat.com, Fidelity National Information Services has an average rating of "Moderate Buy" and a consensus target price of $69.86.

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.

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