Fidelity National Information Services, Inc. $FIS Stock: Sumitomo Mitsui Trust Group Inc. Lowers Holdings

Key Points

• Sumitomo Mitsui Trust Group cut its FIS stake by 3.7% in the third quarter, selling 43,782 shares; it retained 1.14 million shares worth about $37.4 million.
• FIS shares were reported down 23.4%, despite quarterly EPS and revenue slightly exceeding analyst estimates and revenue rising 27.1% year over year.
• The company lowered its 2026 earnings and banking-growth outlook, citing delayed client conversions and project timing, and said it would pause share buybacks and some acquisitions while focusing on debt reduction.

Sumitomo Mitsui Trust Group Inc. lessened its holdings in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 3.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,135,752 shares of the information technology services provider's stock after selling 43,782 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned approximately 0.22% of Fidelity National Information Services worth $37,366,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Pension & Wealth Management Advisors Inc. bought a new position in shares of Fidelity National Information Services during the 3rd quarter valued at approximately $35,000. Bank & Trust Co purchased a new position in Fidelity National Information Services during the 3rd quarter valued at about $51,000. N.E.W. Advisory Services LLC acquired a new position in shares of Fidelity National Information Services in the second quarter valued at about $58,000. Pinnacle Wealth Planning Services Inc. raised its position in shares of Fidelity National Information Services by 96.8% during the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 1,976 shares of the information technology services provider's stock worth $65,000 after purchasing an additional 972 shares during the last quarter. Finally, Raleigh Capital Management Inc. purchased a new stake in Fidelity National Information Services in the 3rd quarter valued at about $71,000. Institutional investors own 96.23% of the company's stock.

Fidelity National Information Services Trading Down 23.4%

FIS opened at $29.87 on Thursday. The company's 50-day moving average is $36.70 and its 200 day moving average is $43.48. The firm has a market capitalization of $15.44 billion, a PE ratio of 4.59, a P/E/G ratio of 0.46 and a beta of 0.84. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.53 and a quick ratio of 0.53. Fidelity National Information Services, Inc. has a fifty-two week low of $29.15 and a fifty-two week high of $68.37.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last issued its quarterly earnings results on Wednesday, November 4th. The information technology services provider reported $1.61 EPS for the quarter, topping analysts' consensus estimates of $1.60 by $0.01. Fidelity National Information Services had a return on equity of 20.95% and a net margin of 27.64%. The business had revenue of $3.45 billion for the quarter, compared to analyst estimates of $3.43 billion. During the same period last year, the company posted $1.51 earnings per share. Fidelity National Information Services's quarterly revenue was up 27.1% compared to the same quarter last year. As a group, research analysts predict that Fidelity National Information Services, Inc. will post 6.20 earnings per share for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 28th. Shareholders of record on Monday, December 14th will be paid a $0.44 dividend. The ex-dividend date of this dividend is Monday, December 14th. This represents a $1.76 annualized dividend and a yield of 5.9%. Fidelity National Information Services's payout ratio is currently 27.04%.

Key Stories Impacting Fidelity National Information Services

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

• Positive Sentiment: FIS reported Q3 adjusted EPS of $1.61 versus the $1.60 consensus, while revenue of $3.45 billion topped estimates of $3.43 billion and rose 27.1% year over year. Banking strength supported the results. FIS Q3 results
• Negative Sentiment: The company cut its 2026 adjusted EPS outlook to $5.82–$5.89, below the roughly $6.20 analyst estimate. It also lowered its pro forma Banking Solutions revenue-growth forecast to 3.5%–4% from 5%–5.5%, citing delayed client conversions, project timing and increased technology spending. Banking growth outlook
• Negative Sentiment: Reports highlighted a soft fourth-quarter outlook on an organic basis. FIS is also halting share buybacks and some M&A as it focuses on deleveraging, making slower growth more concerning given its debt burden. Buybacks and M&A
• Negative Sentiment: CFO James Kehoe will step down effective November 5, with Alexandra Brooks named interim CFO. The transition adds uncertainty amid the outlook reset. JPMorgan, William Blair and Oppenheimer also downgraded the stock. CFO transition
• Neutral Sentiment: Levi & Korsinsky announced an investigation on behalf of shareholders who lost money following the outlook cut. The notice is an investigation announcement, not a finding of wrongdoing. Investigation notice

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on FIS shares. Robert W. Baird decreased their price target on Fidelity National Information Services from $48.00 to $45.00 and set a "neutral" rating on the stock in a research note on Friday, September 25th. The Goldman Sachs Group decreased their price target on Fidelity National Information Services from $52.00 to $44.00 and set a "buy" rating for the company in a research note on Tuesday, October 13th. Raymond James Financial reissued an "outperform" rating and set a $35.00 price objective on shares of Fidelity National Information Services in a research report on Wednesday. Oppenheimer downgraded shares of Fidelity National Information Services from an "outperform" rating to a "market perform" rating in a research note on Wednesday. Finally, UBS Group reiterated a "neutral" rating on shares of Fidelity National Information Services in a research note on Monday, September 21st. Ten research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $46.96.

Insider Transactions at Fidelity National Information Services

In related news, Director Jeffrey Goldstein acquired 1,585 shares of Fidelity National Information Services stock in a transaction on Thursday, October 15th. The shares were acquired at an average cost of $36.40 per share, with a total value of $57,694.00. Following the transaction, the director owned 18,697 shares in the company, valued at $680,570.80. This trade represents a 9.26% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.28% of the stock is currently owned by company insiders.

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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