SummitTX Capital L.P. Trims Holdings in Fidelity National Information Services, Inc. $FIS

SummitTX Capital L.P. trimmed its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 83.4% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 11,344 shares of the information technology services provider’s stock after selling 56,813 shares during the quarter. SummitTX Capital L.P.’s holdings in Fidelity National Information Services were worth $532,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank purchased a new position in Fidelity National Information Services during the 4th quarter valued at about $495,956,000. Dodge & Cox increased its position in shares of Fidelity National Information Services by 13.9% during the fourth quarter. Dodge & Cox now owns 49,113,297 shares of the information technology services provider’s stock valued at $3,264,070,000 after buying an additional 6,008,090 shares during the period. Balyasny Asset Management L.P. lifted its holdings in shares of Fidelity National Information Services by 585.9% in the third 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 buying an additional 2,852,118 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Fidelity National Information Services by 228.7% in the first quarter. Arrowstreet Capital Limited Partnership now owns 3,015,663 shares of the information technology services provider’s stock worth $141,465,000 after buying an additional 2,098,139 shares in the last quarter. Finally, Renaissance Technologies LLC bought a new position in shares of Fidelity National Information Services in the first quarter valued at approximately $82,962,000. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Fidelity National Information Services from $55.00 to $50.00 in a report on Monday, May 11th. TD Cowen cut their price target on shares of Fidelity National Information Services from $78.00 to $62.00 and set a “buy” rating for the company in a report on Tuesday, May 12th. Oppenheimer reduced their price target on shares of Fidelity National Information Services from $69.00 to $62.00 in a research report on Friday, May 8th. Citigroup decreased their price target on shares of Fidelity National Information Services from $53.00 to $48.00 in a report on Friday, May 8th. Finally, Weiss Ratings upgraded Fidelity National Information Services from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday. Thirteen research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Fidelity National Information Services presently has a consensus rating of “Moderate Buy” and a consensus target price of $58.68.

Fidelity National Information Services Stock Performance

NYSE FIS opened at $44.83 on Friday. Fidelity National Information Services, Inc. has a 52-week low of $37.42 and a 52-week high of $80.99. The company has a fifty day moving average of $41.06 and a 200-day moving average of $46.71. The company has a market capitalization of $23.17 billion, a P/E ratio of 8.69, a P/E/G ratio of 0.45 and a beta of 0.80. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.59 and a current ratio of 0.59.

Fidelity National Information Services (NYSE:FIS) last released its earnings results on Friday, May 8th. The information technology services provider reported $1.36 EPS for the quarter, beating analysts’ consensus estimates of $1.28 by $0.08. Fidelity National Information Services had a return on equity of 21.30% and a net margin of 23.35%.The business had revenue of $3.29 billion for the quarter, compared to analysts’ expectations of $3.28 billion. During the same quarter in the prior year, the firm earned $1.21 earnings per share. The firm’s revenue was up 30.1% on a year-over-year basis. 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, equities research analysts predict that Fidelity National Information Services, Inc. will post 6.27 EPS for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 11th will be issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend is Friday, September 11th. Fidelity National Information Services’s dividend payout ratio (DPR) is currently 34.11%.

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.