NewEdge Advisors LLC Reduces Stock Holdings in Fidelity National Information Services, Inc. $FIS

Key Points

• NewEdge Advisors reduced its FIS stake by 24.4% in the second quarter, selling 32,783 shares and retaining 101,546 shares worth approximately $3.95 million.
• Institutional ownership remains very high at 96.23%, with BlackRock, Norges Bank and other major institutions establishing sizable positions during the reporting periods.
• FIS reported quarterly EPS of $1.48, slightly above estimates, while revenue rose 29.1% year over year. Shares opened at $37.34, and analysts held a consensus “Hold” rating with an average price target of $53.46; the company also announced a $0.44 quarterly dividend.

NewEdge Advisors LLC cut its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 24.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 101,546 shares of the information technology services provider's stock after selling 32,783 shares during the period. NewEdge Advisors LLC's holdings in Fidelity National Information Services were worth $3,948,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in shares of Fidelity National Information Services during the 2nd quarter worth approximately $1,730,200,000. Norges Bank acquired a new position in Fidelity National Information Services in the fourth quarter valued at approximately $495,956,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in Fidelity National Information Services in the second quarter valued at approximately $219,162,000. Bank of America Corp DE acquired a new stake in Fidelity National Information Services during the second quarter worth $189,387,000. Finally, Legal & General Group Plc purchased a new stake in Fidelity National Information Services in the second quarter valued at $129,815,000. 96.23% of the stock is currently owned by institutional investors and hedge funds.

Fidelity National Information Services Price Performance

FIS opened at $37.34 on Wednesday. The stock's 50-day moving average price is $41.69 and its 200 day moving average price is $43.66. Fidelity National Information Services, Inc. has a 12-month low of $37.28 and a 12-month high of $69.14. The firm has a market cap of $19.30 billion, a price-to-earnings ratio of 5.74, a PEG ratio of 0.40 and a beta of 0.79. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.96.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last released its earnings results on Tuesday, August 4th. The information technology services provider reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.01. The company had revenue of $3.38 billion during the quarter, compared to the consensus estimate of $3.38 billion. Fidelity National Information Services had a return on equity of 20.95% and a net margin of 27.64%.Fidelity National Information Services's revenue was up 29.1% compared to the same quarter last year. During the same period in the previous year, the company posted $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. As a group, sell-side analysts expect that Fidelity National Information Services, Inc. will post 6.19 earnings per share for the current year.

Fidelity National Information Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 11th will be paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 4.7%. The ex-dividend date of this dividend is Friday, September 11th. Fidelity National Information Services's dividend payout ratio is presently 27.04%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on FIS shares. Piper Sandler initiated coverage on Fidelity National Information Services in a report on Friday, September 11th. They set a "neutral" rating and a $42.00 price target for the company. Keefe, Bruyette & Woods decreased their target price on shares of Fidelity National Information Services from $60.00 to $56.00 and set an "outperform" rating on the stock in a research report on Wednesday, August 5th. Barclays lowered their target price on shares of Fidelity National Information Services from $44.00 to $43.00 and set an "equal weight" rating for the company in a research note on Wednesday, August 5th. Stephens reiterated an "equal weight" rating and set a $50.00 price target on shares of Fidelity National Information Services in a research report on Tuesday, August 11th. Finally, Royal Bank Of Canada reduced their price target on shares of Fidelity National Information Services from $57.00 to $53.00 and set an "outperform" rating on the stock in a research note on Wednesday, August 5th. Ten research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Fidelity National Information Services presently has an average rating of "Hold" and a consensus target price of $53.46.

Fidelity National Information Services Company Profile

Fidelity National Information Services, Inc NYSE: FIS is a global financial technology company that provides software, services and technology solutions to banks, credit unions, wealth management firms, capital markets institutions and other financial organizations. Its offerings support core banking, digital banking, payments processing, fraud prevention, risk management, compliance, data analytics and customer engagement.

FIS provides platforms for account processing, transaction processing, lending, treasury management, card and payment operations, and investment management.

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