Fidelity National Information Services, Inc. $FIS Shares Sold by AIA Group Ltd

Key Points

• AIA Group cut its FIS stake by 75.9% in the third quarter, selling 101,410 shares and retaining 32,199 shares valued at about $1.06 million.
• FIS reported quarterly adjusted EPS of $1.61 and revenue of $3.45 billion, both slightly ahead of estimates, but lowered its 2026 EPS and Banking Solutions growth outlook.
• Analyst sentiment was mixed, with several firms lowering price targets or downgrading shares; FIS also plans to pause buybacks as it focuses on reducing debt.

AIA Group Ltd trimmed its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 75.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,199 shares of the information technology services provider's stock after selling 101,410 shares during the quarter. AIA Group Ltd's holdings in Fidelity National Information Services were worth $1,059,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in FIS. Azzad Asset Management Inc. ADV raised its position in Fidelity National Information Services by 2.0% in the first quarter. Azzad Asset Management Inc. ADV now owns 12,598 shares of the information technology services provider's stock valued at $591,000 after purchasing an additional 250 shares during the last quarter. Dynamic Advisor Solutions LLC grew its holdings in shares of Fidelity National Information Services by 4.8% during the second quarter. Dynamic Advisor Solutions LLC now owns 6,316 shares of the information technology services provider's stock worth $246,000 after purchasing an additional 290 shares during the last quarter. Signaturefd LLC increased its stake in shares of Fidelity National Information Services by 4.7% in the third quarter. Signaturefd LLC now owns 6,802 shares of the information technology services provider's stock valued at $224,000 after buying an additional 303 shares during the period. Bleakley Financial Group LLC increased its stake in shares of Fidelity National Information Services by 0.3% in the first quarter. Bleakley Financial Group LLC now owns 115,095 shares of the information technology services provider's stock valued at $5,399,000 after buying an additional 328 shares during the period. Finally, GAMMA Investing LLC raised its holdings in Fidelity National Information Services by 4.7% in the 3rd quarter. GAMMA Investing LLC now owns 7,772 shares of the information technology services provider's stock valued at $256,000 after buying an additional 349 shares during the last quarter. Institutional investors own 96.23% of the company's stock.

Insider Transactions at Fidelity National Information Services

In other news, Director Jeffrey Goldstein acquired 1,585 shares of Fidelity National Information Services stock in a transaction on Thursday, October 15th. The stock was purchased at an average price of $36.40 per share, with a total value of $57,694.00. Following the completion of the purchase, the director owned 18,697 shares of the company's stock, valued at approximately $680,570.80. The trade was a 9.26% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, 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.

Fidelity National Information Services News Roundup

Here are the key news stories impacting Fidelity National Information Services this week:

• Positive Sentiment: FIS reported third-quarter adjusted earnings of $1.61 per share, slightly above the $1.60 consensus, while revenue of $3.45 billion also topped expectations and rose 27.1% year over year. FIS Reports Third Quarter 2026 Results
• Neutral Sentiment: Some analysts still see potential upside from current levels: TD Cowen maintained a Buy rating with a $38 target, and Goldman Sachs retained Buy with a $35 target. Both firms lowered their targets, however, reflecting a more cautious outlook. TD Cowen recommendations
• Negative Sentiment: FIS cut its 2026 adjusted EPS outlook to $5.82–$5.89, below the roughly $6.20 analyst estimate. It also reduced its Banking Solutions revenue-growth forecast to 3.5%–4% from 5%–5.5%, citing delayed client conversions and bank consolidation. FIS Cuts Banking Growth Outlook Amid Project Delays
• Negative Sentiment: The company plans to pause share buybacks and limit some M&A as it focuses on deleveraging, reducing a potential source of shareholder returns. FIS Plunges as Fintech Halts Buybacks, Some M&A to Deleverage
• Negative Sentiment: CFO James Kehoe is stepping down, with Alexandra Brooks named interim CFO. The leadership change adds uncertainty amid the outlook reduction. FIS Announces CFO Transition
• Negative Sentiment: Several firms downgraded FIS or sharply reduced price targets, including Bank of America and RBC; the wave of revisions signals diminished confidence despite targets generally remaining above the cited share price. Bank of America recommendations

Fidelity National Information Services Stock Performance

Shares of FIS stock opened at $29.40 on Friday. The firm has a 50 day moving average of $36.47 and a 200-day moving average of $43.31. The company has a market cap of $15.20 billion, a price-to-earnings ratio of 4.85, a price-to-earnings-growth ratio of 0.36 and a beta of 0.84. The company has a quick ratio of 0.53, a current ratio of 0.55 and a debt-to-equity ratio of 0.93. Fidelity National Information Services, Inc. has a 52 week low of $28.86 and a 52 week high of $68.37.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last issued its earnings results on Wednesday, November 4th. The information technology services provider reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.60 by $0.01. The business had revenue of $3.45 billion for the quarter, compared to analyst estimates of $3.43 billion. Fidelity National Information Services had a net margin of 26.77% and a return on equity of 20.42%. Fidelity National Information Services's revenue was up 27.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.51 earnings per share. On average, equities analysts forecast that Fidelity National Information Services, Inc. will post 5.96 earnings per share for the current year.

Fidelity National Information Services Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 28th. Investors of record on Monday, December 14th will be paid a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 6.0%. The ex-dividend date of this dividend is Monday, December 14th. Fidelity National Information Services's dividend payout ratio is 27.04%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on FIS shares. Keefe, Bruyette & Woods cut their target price on shares of Fidelity National Information Services from $50.00 to $42.00 and set an "outperform" rating on the stock in a research report on Thursday. Wolfe Research increased their price target on Fidelity National Information Services from $53.00 to $54.00 and gave the company an "outperform" rating in a research note on Tuesday, August 25th. Bank of America downgraded Fidelity National Information Services from a "buy" rating to a "neutral" rating and lowered their price objective for the stock from $42.00 to $33.00 in a research report on Thursday. Piper Sandler cut their price objective on Fidelity National Information Services from $42.00 to $31.00 and set a "neutral" rating on the stock in a research note on Thursday. Finally, Robert W. Baird reduced their target price on Fidelity National Information Services from $48.00 to $45.00 and set a "neutral" rating on the stock in a report on Friday, September 25th. Nine investment analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $42.88.

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 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.