Truist Financial Corp Has $3.48 Million Holdings in Fidelity National Information Services, Inc. $FIS

Truist Financial Corp decreased its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 21.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 52,367 shares of the information technology services provider’s stock after selling 14,319 shares during the period. Truist Financial Corp’s holdings in Fidelity National Information Services were worth $3,480,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of FIS. Nordea Investment Management AB boosted its stake in Fidelity National Information Services by 15.4% in the fourth quarter. Nordea Investment Management AB now owns 1,440,210 shares of the information technology services provider’s stock worth $96,048,000 after purchasing an additional 191,957 shares in the last quarter. AGF Management Ltd. acquired a new position in Fidelity National Information Services during the 3rd quarter worth about $3,096,000. Clear Trail Advisors LLC bought a new stake in Fidelity National Information Services during the 4th quarter worth about $2,590,000. Independent Advisor Alliance increased its position in Fidelity National Information Services by 177.8% in the 3rd quarter. Independent Advisor Alliance now owns 39,987 shares of the information technology services provider’s stock valued at $2,637,000 after acquiring an additional 25,593 shares in the last quarter. Finally, Assetmark Inc. raised its stake in shares of Fidelity National Information Services by 45.1% in the third quarter. Assetmark Inc. now owns 265,518 shares of the information technology services provider’s stock worth $17,508,000 after acquiring an additional 82,518 shares during the last quarter. Institutional investors own 96.23% of the company’s stock.

Insider Activity

In related news, CEO Stephanie Ferris acquired 19,846 shares of the firm’s stock in a transaction that occurred on Thursday, March 5th. The stock was acquired at an average cost of $50.39 per share, with a total value of $1,000,039.94. Following the completion of the purchase, the chief executive officer directly owned 281,458 shares in the company, valued at approximately $14,182,668.62. This trade represents a 7.59% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.28% of the stock is owned by corporate insiders.

Fidelity National Information Services Stock Down 2.6%

Shares of NYSE:FIS opened at $42.36 on Tuesday. 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 stock has a market cap of $21.90 billion, a price-to-earnings ratio of 8.21, a P/E/G ratio of 0.43 and a beta of 0.82. The company has a 50 day moving average of $47.78 and a 200-day moving average of $56.69. Fidelity National Information Services, Inc. has a one year low of $41.63 and a one year high of $82.74.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings data on Friday, May 8th. The information technology services provider reported $1.36 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.08. Fidelity National Information Services had a net margin of 23.35% and a return on equity of 21.30%. The business had revenue of $3.30 billion for the quarter, compared to analyst estimates of $3.28 billion. During the same period in the prior year, the business posted $1.21 earnings per share. Fidelity National Information Services’s revenue was up 30.1% compared to the same quarter last year. 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. On average, sell-side analysts forecast that Fidelity National Information Services, Inc. will post 6.28 earnings per share for the current year.

Fidelity National Information Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Thursday, June 11th will be given a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 4.2%. The ex-dividend date is Thursday, June 11th. Fidelity National Information Services’s dividend payout ratio (DPR) is currently 34.11%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on FIS shares. Raymond James Financial reduced their target price on shares of Fidelity National Information Services from $82.00 to $60.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 25th. Royal Bank Of Canada dropped their price objective on shares of Fidelity National Information Services from $69.00 to $57.00 and set an “outperform” rating for the company in a research report on Friday. UBS Group reduced their price objective on Fidelity National Information Services from $73.00 to $63.00 and set a “buy” rating on the stock in a report on Monday. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $70.00 price objective on shares of Fidelity National Information Services in a research report on Thursday, January 15th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Fidelity National Information Services in a research report on Thursday, January 22nd. Thirteen research 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. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $63.43.

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.