Fidelity National Information Services, Inc. $FIS Shares Sold by Robeco Institutional Asset Management B.V.

Key Points

• Robeco Institutional Asset Management cut its FIS position by 52.3% in the third quarter, selling 54,666 shares and retaining 49,957 shares valued at approximately $1.64 million. Institutional investors collectively own 96.23% of the company.
• Analyst sentiment is mixed, with 11 Buy, 11 Hold, and 2 Sell ratings; the consensus rating is Hold, with an average price target of $49.04.
• FIS shares opened at $37.53, while the company reported quarterly revenue of $3.38 billion and EPS of $1.48. It also pays a quarterly dividend of $0.44, representing an annualized yield of about 4.7%.

Robeco Institutional Asset Management B.V. lowered its holdings in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 52.3% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 49,957 shares of the information technology services provider's stock after selling 54,666 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in Fidelity National Information Services were worth $1,644,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in FIS. Net Worth Advisory Group purchased a new position in Fidelity National Information Services in the 3rd quarter valued at approximately $209,000. SteelPeak Wealth LLC grew its stake in shares of Fidelity National Information Services by 15.8% in the third quarter. SteelPeak Wealth LLC now owns 8,751 shares of the information technology services provider's stock worth $288,000 after acquiring an additional 1,197 shares in the last quarter. Frank Rimerman Advisors LLC purchased a new stake in shares of Fidelity National Information Services during the third quarter worth $366,000. Vontobel Holding Ltd. increased its position in shares of Fidelity National Information Services by 73.0% during the third quarter. Vontobel Holding Ltd. now owns 20,217 shares of the information technology services provider's stock worth $665,000 after acquiring an additional 8,533 shares during the period. Finally, Pension & Wealth Management Advisors Inc. purchased a new stake in shares of Fidelity National Information Services during the third quarter worth $35,000. 96.23% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on FIS. Piper Sandler started coverage on Fidelity National Information Services in a research note on Friday, September 11th. They issued a "neutral" rating and a $42.00 price objective on the stock. Barclays lowered their target price on Fidelity National Information Services from $43.00 to $38.00 and set an "equal weight" rating for the company in a research note on Friday, October 9th. Cantor Fitzgerald cut their price target on Fidelity National Information Services from $50.00 to $45.00 and set an "overweight" rating on the stock in a report on Friday, October 16th. Citigroup reduced their price target on Fidelity National Information Services from $45.00 to $39.00 and set a "neutral" rating on the stock in a research report on Friday, October 16th. Finally, Stephens reaffirmed an "equal weight" rating and issued a $50.00 price target on shares of Fidelity National Information Services in a research report on Tuesday, August 11th. Eleven equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $49.04.

Insiders Place Their Bets

In other Fidelity National Information Services news, Director Jeffrey Goldstein purchased 1,585 shares of the business's stock in a transaction on Thursday, October 15th. The shares were bought at an average cost of $36.40 per share, for a total transaction of $57,694.00. Following the completion of the purchase, the director directly owned 18,697 shares in the company, valued at approximately $680,570.80. This represents a 9.26% increase in their ownership of the stock. 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. 0.28% of the stock is currently owned by corporate insiders.

Fidelity National Information Services Trading Up 0.0%

Shares of NYSE:FIS opened at $37.53 on Monday. Fidelity National Information Services, Inc. has a 52 week low of $32.10 and a 52 week high of $68.98. The company's 50 day moving average is $37.40 and its two-hundred day moving average is $40.89. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.96. The company has a market cap of $19.40 billion, a PE ratio of 5.77, a P/E/G ratio of 0.44 and a beta of 0.81.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The information technology services provider reported $1.48 earnings per share for the quarter, beating analysts' consensus estimates of $1.47 by $0.01. The business had revenue of $3.38 billion for the quarter, compared to analyst estimates of $3.38 billion. Fidelity National Information Services had a net margin of 27.64% and a return on equity of 20.95%. The company's revenue was up 29.1% on a year-over-year basis. During the same period last year, the business earned $1.36 EPS. 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 analysts predict that Fidelity National Information Services, Inc. will post 6.20 earnings per share for the current fiscal year.

Fidelity National Information Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Friday, September 11th were paid a $0.44 dividend. The ex-dividend date was Friday, September 11th. This represents a $1.76 dividend on an annualized basis and a yield of 4.7%. Fidelity National Information Services's dividend payout ratio (DPR) is currently 27.04%.

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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