Fidelity National Information Services, Inc. $FIS Shares Sold by Bank of America Corp DE

Key Points

• Bank of America reduced its FIS stake by 24.6% in the first quarter, selling 731,767 shares and retaining 2.25 million shares valued at approximately $105.4 million. Institutional investors collectively own 96.23% of the company.
• FIS reported quarterly EPS of $1.48, slightly exceeding estimates, while revenue rose 29.1% year over year to $3.38 billion. The company issued fiscal 2026 EPS guidance of $6.15–$6.24.
• FIS declared a quarterly dividend of $0.44, equivalent to $1.76 annually and a 4.1% yield. Analysts’ average rating is Hold, with an average price target of $56.55, despite several recent target-price reductions.

Bank of America Corp DE cut its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 24.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,247,828 shares of the information technology services provider's stock after selling 731,767 shares during the period. Bank of America Corp DE owned 0.43% of Fidelity National Information Services worth $105,446,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of FIS. Salomon & Ludwin LLC grew its position in Fidelity National Information Services by 100.5% during the 4th quarter. Salomon & Ludwin LLC now owns 387 shares of the information technology services provider's stock worth $26,000 after purchasing an additional 194 shares during the last quarter. MBM Wealth Consultants LLC purchased a new stake in shares of Fidelity National Information Services in the first quarter valued at about $33,000. Reflection Asset Management acquired a new stake in shares of Fidelity National Information Services during the fourth quarter worth about $34,000. Kemnay Advisory Services Inc. purchased a new position in shares of Fidelity National Information Services during the fourth quarter worth about $42,000. Finally, DV Equities LLC acquired a new position in Fidelity National Information Services in the 4th quarter valued at about $48,000. Hedge funds and other institutional investors own 96.23% of the company's stock.

Fidelity National Information Services Stock Down 0.1%

Shares of NYSE FIS opened at $42.78 on Friday. The company has a quick ratio of 0.59, a current ratio of 0.53 and a debt-to-equity ratio of 0.96. The firm has a 50-day moving average price of $41.14 and a 200 day moving average price of $45.98. Fidelity National Information Services, Inc. has a 52 week low of $37.42 and a 52 week high of $72.91. The stock has a market capitalization of $22.11 billion, a price-to-earnings ratio of 6.57, a price-to-earnings-growth ratio of 0.42 and a beta of 0.77.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The information technology services provider reported $1.48 earnings per share (EPS) 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 company had revenue of $3.38 billion during the quarter, compared to the consensus estimate of $3.38 billion. During the same period last year, the firm earned $1.36 EPS. The company'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. Equities research analysts anticipate that Fidelity National Information Services, Inc. will post 6.2 EPS for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 11th will be given a $0.44 dividend. The ex-dividend date is Friday, September 11th. This represents a $1.76 annualized dividend and a dividend yield of 4.1%. Fidelity National Information Services's dividend payout ratio is currently 27.04%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on FIS. Truist Financial decreased their price objective on Fidelity National Information Services from $45.00 to $43.00 and set a "hold" rating for the company in a research report on Friday, July 24th. Wall Street Zen lowered shares of Fidelity National Information Services from a "buy" rating to a "hold" rating in a research report on Sunday, May 17th. Cantor Fitzgerald dropped their price objective on shares of Fidelity National Information Services from $62.00 to $55.00 and set an "overweight" rating on the stock in a research note on Monday, May 11th. UBS Group restated a "neutral" rating and set a $49.00 price objective (down from $63.00) on shares of Fidelity National Information Services in a research report on Wednesday. Finally, BNP Paribas Exane reduced their target price on shares of Fidelity National Information Services from $40.00 to $37.00 and set an "underperform" rating for the company in a research note on Thursday, May 14th. Twelve equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $56.55.

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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