Fidelity National Information Services, Inc. $FIS Holdings Lessened by WASHINGTON TRUST Co

Key Points

• WASHINGTON TRUST Co cut its FIS stake by 80.5% in the third quarter, selling 60,695 shares and retaining 14,679 shares valued at approximately $483,000. Institutional investors overall own 96.23% of the company.
• FIS reported quarterly earnings of $1.48 per share, slightly exceeding analyst estimates, while revenue reached $3.38 billion, up 29.1% year over year. The company maintains FY 2026 EPS guidance of $6.15–$6.24.
• The stock recently traded near $37.53 and offers a 4.7% dividend yield. Analysts’ consensus rating is Hold, with an average price target of $49.04, while several firms recently lowered their targets.

WASHINGTON TRUST Co lowered its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 80.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,679 shares of the information technology services provider's stock after selling 60,695 shares during the quarter. WASHINGTON TRUST Co's holdings in Fidelity National Information Services were worth $483,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. BlackRock Inc. bought a new position in Fidelity National Information Services in the 2nd quarter valued at $1,730,200,000. Barrow Hanley Mewhinney & Strauss LLC bought a new position in Fidelity National Information Services in the 2nd quarter worth about $219,162,000. Bank of America Corp DE bought a new stake in shares of Fidelity National Information Services during the second quarter valued at about $189,387,000. Legal & General Group Plc bought a new stake in shares of Fidelity National Information Services during the second quarter valued at about $129,815,000. Finally, Perpetual Ltd lifted its holdings in shares of Fidelity National Information Services by 32.9% in the third quarter. Perpetual Ltd now owns 3,262,131 shares of the information technology services provider's stock worth $107,324,000 after buying an additional 807,482 shares in the last quarter. Institutional investors own 96.23% of the company's stock.

Fidelity National Information Services Price Performance

NYSE FIS opened at $37.53 on Friday. The company has a 50-day moving average price of $37.40 and a 200-day moving average price of $40.93. The firm has a market capitalization of $19.40 billion, a P/E ratio of 5.77, a PEG ratio of 0.44 and a beta of 0.81. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.96. Fidelity National Information Services, Inc. has a 52 week low of $32.10 and a 52 week high of $68.98.

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 analysts' consensus estimates of $1.47 by $0.01. The firm had revenue of $3.38 billion during the quarter, compared to analyst estimates of $3.38 billion. Fidelity National Information Services had a return on equity of 20.95% and a net margin of 27.64%. The business's quarterly revenue was up 29.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.36 earnings per share. 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. Equities research analysts anticipate that Fidelity National Information Services, Inc. will post 6.20 earnings per share for the current year.

Fidelity National Information Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Friday, September 11th were given a $0.44 dividend. The ex-dividend date of this dividend was 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 dividend payout ratio is currently 27.04%.

Insider Activity

In other news, Director Jeffrey Goldstein acquired 1,585 shares of the firm's stock in a transaction on Thursday, October 15th. The stock was bought at an average cost of $36.40 per share, with a total value of $57,694.00. Following the transaction, the director directly owned 18,697 shares in the company, valued at approximately $680,570.80. This represents a 9.26% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.28% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on FIS shares. Truist Financial cut their price objective on shares of Fidelity National Information Services from $43.00 to $37.00 and set a "hold" rating for the company in a research report on Friday. Wolfe Research increased their target price on shares of Fidelity National Information Services from $53.00 to $54.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 25th. Cantor Fitzgerald cut their price target on shares of Fidelity National Information Services from $50.00 to $45.00 and set an "overweight" rating for the company in a report on Friday, October 16th. The Goldman Sachs Group reduced their price target on shares of Fidelity National Information Services from $52.00 to $44.00 and set a "buy" rating for the company in a research report on Tuesday, October 13th. Finally, Wells Fargo & Company reaffirmed an "equal weight" rating and set a $46.00 price objective (down from $58.00) on shares of Fidelity National Information Services in a report on Tuesday, August 25th. Eleven research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $49.04.

Fidelity National Information Services Profile

Fidelity National Information Services, Inc NYSE: FIS is a global financial technology company that provides software, services and technology infrastructure to banks, financial institutions, merchants and other businesses. Its solutions are designed to support transaction processing, digital banking, payments, risk management and other essential financial operations.

FIS offers core banking and digital banking platforms, card and payment processing services, fraud and financial crime prevention tools, and technologies that help financial institutions manage accounts, lending and other banking activities.

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