M&T Bank Corp Sells 22,991 Shares of Fidelity National Information Services, Inc. $FIS

Key Points

• M&T Bank cut its stake in Fidelity National Information Services by 82.8% in Q4, selling 22,991 shares and leaving it with 4,778 shares valued at about $318,000.
• CEO Stephanie Ferris bought 19,846 FIS shares on March 5 for roughly $1.00M, raising her ownership to 281,458 shares (a 7.59% increase).
• FIS reported Q4 EPS of $1.68 (missing estimates by $0.01) with revenue up 8.2% to $2.81B, issued FY2026 guidance of 6.220–6.320 EPS, and declared a $0.44 quarterly dividend (3.8% yield) despite a 241.1% payout ratio.

M&T Bank Corp reduced its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 82.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,778 shares of the information technology services provider's stock after selling 22,991 shares during the quarter. M&T Bank Corp's holdings in Fidelity National Information Services were worth $318,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in FIS. Dodge & Cox grew its stake in shares of Fidelity National Information Services by 22.2% during the 3rd quarter. Dodge & Cox now owns 43,105,207 shares of the information technology services provider's stock worth $2,842,357,000 after acquiring an additional 7,830,710 shares in the last quarter. Balyasny Asset Management L.P. grew its stake in shares of Fidelity National Information Services by 585.9% during the 3rd quarter. Balyasny Asset Management L.P. now owns 2,365,322 shares of the information technology services provider's stock worth $155,969,000 after acquiring an additional 2,852,118 shares in the last quarter. Mizuho Markets Americas LLC grew its stake in shares of Fidelity National Information Services by 49.1% during the 3rd quarter. Mizuho Markets Americas LLC now owns 4,609,169 shares of the information technology services provider's stock worth $303,929,000 after acquiring an additional 1,518,200 shares in the last quarter. AQR Capital Management LLC grew its stake in shares of Fidelity National Information Services by 71.7% during the 2nd quarter. AQR Capital Management LLC now owns 2,483,575 shares of the information technology services provider's stock worth $201,294,000 after acquiring an additional 1,037,100 shares in the last quarter. Finally, Nomura Holdings Inc. grew its stake in shares of Fidelity National Information Services by 32,832.1% during the 3rd quarter. Nomura Holdings Inc. now owns 843,390 shares of the information technology services provider's stock worth $55,613,000 after acquiring an additional 840,829 shares in the last quarter. 96.23% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Fidelity National Information Services news, CEO Stephanie Ferris purchased 19,846 shares of the company's stock in a transaction that occurred on Thursday, March 5th. The shares were acquired at an average price of $50.39 per share, for a total transaction of $1,000,039.94. Following the purchase, the chief executive officer owned 281,458 shares in the company, valued at approximately $14,182,668.62. The trade was a 7.59% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.21% of the company's stock.

Fidelity National Information Services Trading Up 0.1%

NYSE FIS opened at $46.57 on Monday. The company has a market cap of $24.07 billion, a PE ratio of 63.79, a PEG ratio of 0.46 and a beta of 0.82. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.65. Fidelity National Information Services, Inc. has a 12 month low of $43.29 and a 12 month high of $82.74. The stock has a 50 day moving average of $48.16 and a 200-day moving average of $57.46.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last posted its quarterly earnings results on Tuesday, February 24th. The information technology services provider reported $1.68 earnings per share for the quarter, missing analysts' consensus estimates of $1.69 by ($0.01). Fidelity National Information Services had a net margin of 3.58% and a return on equity of 21.21%. The business had revenue of $2.81 billion during the quarter, compared to the consensus estimate of $2.74 billion. During the same quarter last year, the company posted $1.40 EPS. The firm's revenue was up 8.2% on a year-over-year basis. Fidelity National Information Services has set its Q1 2026 guidance at 1.260-1.300 EPS and its FY 2026 guidance at 6.220-6.320 EPS. On average, equities research analysts anticipate that Fidelity National Information Services, Inc. will post 6.27 EPS for the current fiscal year.

Fidelity National Information Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Thursday, June 11th will be paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date is Thursday, June 11th. Fidelity National Information Services's dividend payout ratio is 241.10%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on FIS. BNP Paribas Exane cut their price objective on Fidelity National Information Services from $47.00 to $40.00 and set an "underperform" rating for the company in a report on Friday, April 10th. Citigroup cut their price objective on Fidelity National Information Services from $70.00 to $53.00 and set a "neutral" rating for the company in a report on Wednesday, February 25th. The Goldman Sachs Group cut their price objective on Fidelity National Information Services from $70.00 to $65.00 and set a "buy" rating for the company in a report on Monday, April 13th. Compass Point cut their price objective on Fidelity National Information Services from $90.00 to $81.00 and set a "buy" rating for the company in a report on Tuesday, January 13th. Finally, Keefe, Bruyette & Woods cut their price objective on Fidelity National Information Services from $72.00 to $68.00 and set an "outperform" rating for the company in a report on Tuesday, April 7th. Thirteen investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, Fidelity National Information Services presently has an average rating of "Moderate Buy" and a consensus price target of $67.10.

About Fidelity National Information Services

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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