Vestcor Inc Sells 16,800 Shares of Fidelity National Information Services, Inc. $FIS

Vestcor Inc cut its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 28.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 43,247 shares of the information technology services provider’s stock after selling 16,800 shares during the quarter. Vestcor Inc’s holdings in Fidelity National Information Services were worth $2,874,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Dodge & Cox raised its stake in shares of Fidelity National Information Services by 22.2% in the third quarter. Dodge & Cox now owns 43,105,207 shares of the information technology services provider’s stock valued at $2,842,357,000 after acquiring an additional 7,830,710 shares during the last quarter. Invesco Ltd. raised its stake in shares of Fidelity National Information Services by 5.6% in the third quarter. Invesco Ltd. now owns 8,515,321 shares of the information technology services provider’s stock valued at $561,500,000 after acquiring an additional 448,712 shares during the last quarter. Norges Bank bought a new position in shares of Fidelity National Information Services in the fourth quarter valued at approximately $495,956,000. Dimensional Fund Advisors LP raised its stake in shares of Fidelity National Information Services by 7.4% in the third quarter. Dimensional Fund Advisors LP now owns 5,905,115 shares of the information technology services provider’s stock valued at $389,372,000 after acquiring an additional 408,166 shares during the last quarter. Finally, Legal & General Group Plc raised its stake in shares of Fidelity National Information Services by 0.6% in the third quarter. Legal & General Group Plc now owns 3,702,445 shares of the information technology services provider’s stock valued at $244,139,000 after acquiring an additional 22,097 shares during the last quarter. 96.23% of the stock is owned by institutional investors.

Analyst Ratings Changes

FIS has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods cut their target price on shares of Fidelity National Information Services from $72.00 to $68.00 and set an “outperform” rating for the company in a research note on Tuesday, April 7th. The Goldman Sachs Group cut their price target on Fidelity National Information Services from $65.00 to $57.00 and set a “buy” rating for the company in a report on Monday, May 11th. Royal Bank Of Canada cut their price target on Fidelity National Information Services from $69.00 to $57.00 and set an “outperform” rating for the company in a report on Friday, May 8th. UBS Group cut their price target on Fidelity National Information Services from $73.00 to $63.00 and set a “buy” rating for the company in a report on Monday, May 11th. Finally, Raymond James Financial cut their price target on Fidelity National Information Services from $82.00 to $60.00 and set an “outperform” rating for the company in a report on Wednesday, February 25th. Thirteen investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $61.33.

Fidelity National Information Services Stock Performance

FIS stock opened at $41.03 on Friday. 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 company has a 50 day moving average price of $44.96 and a 200 day moving average price of $53.77. Fidelity National Information Services, Inc. has a fifty-two week low of $40.33 and a fifty-two week high of $82.74. The stock has a market capitalization of $21.21 billion, a PE ratio of 7.95, a price-to-earnings-growth ratio of 0.40 and a beta of 0.78.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings data on Friday, May 8th. The information technology services provider reported $1.36 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.08. The firm had revenue of $3.30 billion during the quarter, compared to analysts’ expectations of $3.28 billion. Fidelity National Information Services had a net margin of 23.35% and a return on equity of 21.30%. Fidelity National Information Services’s revenue was up 30.1% on a year-over-year basis. During the same quarter in the previous year, the company 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. Analysts forecast that Fidelity National Information Services, Inc. will post 6.28 EPS for the current year.

Fidelity National Information Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Thursday, June 11th will be issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend is Thursday, June 11th. Fidelity National Information Services’s payout ratio is currently 34.11%.

Fidelity National Information Services 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.