Legal & General Group Plc Sells 93,013 Shares of Fidelity National Information Services, Inc. $FIS

Key Points

• Legal & General Group Plc trimmed its stake in Fidelity National Information Services by 2.5% in the fourth quarter, selling 93,013 shares and leaving it with 3.61 million shares valued at about $239.9 million.
• FIS reported better-than-expected first-quarter results, with EPS of $1.36 versus $1.28 expected and revenue of $3.30 billion, while also raising its full-year and Q2 guidance.
• The company continues to attract mixed but generally positive sentiment from analysts, with a “Moderate Buy” consensus and an average price target of $61.57, even as several firms recently cut their targets.

Legal & General Group Plc reduced its position in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 2.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,609,432 shares of the information technology services provider's stock after selling 93,013 shares during the period. Legal & General Group Plc owned approximately 0.70% of Fidelity National Information Services worth $239,883,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. BOKF NA lifted its holdings in shares of Fidelity National Information Services by 0.6% in the 3rd quarter. BOKF NA now owns 28,031 shares of the information technology services provider's stock worth $1,848,000 after purchasing an additional 159 shares in the last quarter. Fiduciary Trust Co lifted its holdings in shares of Fidelity National Information Services by 4.9% in the 3rd quarter. Fiduciary Trust Co now owns 3,465 shares of the information technology services provider's stock worth $228,000 after purchasing an additional 161 shares in the last quarter. FJ Capital Management LLC lifted its holdings in shares of Fidelity National Information Services by 4.7% in the 2nd quarter. FJ Capital Management LLC now owns 3,600 shares of the information technology services provider's stock worth $293,000 after purchasing an additional 163 shares in the last quarter. Spire Wealth Management lifted its stake in Fidelity National Information Services by 15.6% during the 4th quarter. Spire Wealth Management now owns 1,299 shares of the information technology services provider's stock valued at $86,000 after acquiring an additional 175 shares in the last quarter. Finally, Michels Family Financial LLC boosted its holdings in Fidelity National Information Services by 2.9% during the 3rd quarter. Michels Family Financial LLC now owns 6,905 shares of the information technology services provider's stock worth $455,000 after acquiring an additional 194 shares during the last quarter. 96.23% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on FIS shares. JPMorgan Chase & Co. cut their price objective on shares of Fidelity National Information Services from $80.00 to $65.00 and set an "overweight" rating on the stock in a report on Thursday, February 12th. Royal Bank Of Canada cut their price objective on shares of Fidelity National Information Services from $69.00 to $57.00 and set an "outperform" rating on the stock in a report on Friday, May 8th. Weiss Ratings raised shares of Fidelity National Information Services from a "sell (d+)" rating to a "hold (c-)" rating in a report on Monday, May 11th. Wall Street Zen downgraded shares of Fidelity National Information Services from a "buy" rating to a "hold" rating in a report on Sunday, May 17th. Finally, Stephens cut their price objective on shares of Fidelity National Information Services from $85.00 to $65.00 and set an "overweight" rating on the stock in a report on Friday, May 8th. Thirteen research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Fidelity National Information Services presently has a consensus rating of "Moderate Buy" and an average price target of $61.57.

Insider Activity at Fidelity National Information Services

In other Fidelity National Information Services news, CEO Stephanie Ferris bought 19,846 shares of the stock in a transaction dated Thursday, March 5th. The shares were bought at an average cost of $50.39 per share, for a total transaction of $1,000,039.94. Following the purchase, the chief executive officer directly owned 281,458 shares of the company's stock, valued at approximately $14,182,668.62. This trade represents a 7.59% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.28% of the stock is owned by insiders.

Fidelity National Information Services Price Performance

FIS opened at $42.00 on Thursday. The company has a market capitalization of $21.71 billion, a price-to-earnings ratio of 8.14, a P/E/G ratio of 0.41 and a beta of 0.82. Fidelity National Information Services, Inc. has a 1 year low of $41.33 and a 1 year high of $82.74. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.59 and a quick ratio of 0.59. The firm's fifty day moving average price is $45.96 and its two-hundred day moving average price is $54.84.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last released its earnings results on Friday, May 8th. The information technology services provider reported $1.36 EPS for the quarter, topping analysts' consensus estimates of $1.28 by $0.08. The company had revenue of $3.30 billion for the quarter, compared to analysts' expectations of $3.28 billion. Fidelity National Information Services had a return on equity of 21.30% and a net margin of 23.35%.The business's revenue for the quarter was up 30.1% compared to the same quarter last year. During the same period in the previous year, the business posted $1.21 EPS. Fidelity National Information Services has set its FY 2026 guidance at 6.220-6.320 EPS and its Q2 2026 guidance at 1.450-1.490 EPS. As a group, analysts anticipate that Fidelity National Information Services, Inc. will post 6.28 earnings per share for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Thursday, June 11th will be paid a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date is Thursday, June 11th. Fidelity National Information Services's payout ratio is presently 34.11%.

Fidelity National Information Services Company 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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