Chevy Chase Trust Holdings LLC Reduces Position in Fidelity National Information Services, Inc. $FIS

Chevy Chase Trust Holdings LLC decreased its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 3.9% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 268,943 shares of the information technology services provider’s stock after selling 10,916 shares during the quarter. Chevy Chase Trust Holdings LLC’s holdings in Fidelity National Information Services were worth $17,734,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the company. Brighton Jones LLC purchased a new stake in Fidelity National Information Services in the 4th quarter valued at $347,000. Geneos Wealth Management Inc. grew its position in Fidelity National Information Services by 70.1% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,046 shares of the information technology services provider’s stock worth $78,000 after purchasing an additional 431 shares during the last quarter. Sivia Capital Partners LLC purchased a new position in Fidelity National Information Services during the 2nd quarter worth $302,000. Allworth Financial LP increased its stake in Fidelity National Information Services by 27.7% in the second quarter. Allworth Financial LP now owns 4,411 shares of the information technology services provider’s stock valued at $359,000 after purchasing an additional 956 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in Fidelity National Information Services by 6.4% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 128,856 shares of the information technology services provider’s stock valued at $10,490,000 after purchasing an additional 7,722 shares during the period. 96.23% of the stock is owned by institutional investors and hedge funds.

Fidelity National Information Services Stock Up 1.5%

Shares of NYSE:FIS opened at $50.45 on Tuesday. Fidelity National Information Services, Inc. has a fifty-two week low of $46.16 and a fifty-two week high of $82.74. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.65. The firm’s 50-day simple moving average is $54.49 and its 200-day simple moving average is $62.04. The company has a market cap of $25.95 billion, a price-to-earnings ratio of 69.10, a PEG ratio of 0.49 and a beta of 0.90.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings results on Tuesday, February 24th. The information technology services provider reported $1.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.69 by ($0.01). Fidelity National Information Services had a return on equity of 21.21% and a net margin of 3.58%.The firm had revenue of $2.81 billion for the quarter, compared to analysts’ expectations of $2.74 billion. During the same period in the prior year, the company earned $1.40 earnings per share. The company’s revenue for the quarter 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. As a group, equities research analysts predict that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current year.

Fidelity National Information Services Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 24th. Stockholders of record on Tuesday, March 10th will be issued a $0.44 dividend. The ex-dividend date of this dividend is Tuesday, March 10th. This represents a $1.76 annualized dividend and a dividend yield of 3.5%. This is an increase from Fidelity National Information Services’s previous quarterly dividend of $0.40. Fidelity National Information Services’s payout ratio is 241.10%.

Insider Activity at Fidelity National Information Services

In other Fidelity National Information Services news, CEO Stephanie Ferris acquired 19,846 shares of the business’s stock in a transaction on Thursday, March 5th. The stock was purchased at an average price of $50.39 per share, for a total transaction of $1,000,039.94. Following the completion of the transaction, the chief executive officer owned 281,458 shares of the company’s stock, valued at $14,182,668.62. The trade was a 7.59% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jeffrey A. Goldstein bought 941 shares of Fidelity National Information Services stock in a transaction on Thursday, January 15th. The stock was acquired at an average cost of $64.11 per share, with a total value of $60,327.51. Following the acquisition, the director owned 14,529 shares of the company’s stock, valued at $931,454.19. This trade represents a 6.93% increase in their position. The SEC filing for this purchase provides additional information. 0.21% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. decreased their target price on shares of Fidelity National Information Services from $80.00 to $65.00 and set an “overweight” rating for the company in a research note on Thursday, February 12th. Keefe, Bruyette & Woods dropped their price target on Fidelity National Information Services from $85.00 to $72.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 25th. TD Cowen reduced their price objective on Fidelity National Information Services from $89.00 to $78.00 and set a “buy” rating for the company in a research note on Wednesday, February 25th. UBS Group lowered their target price on Fidelity National Information Services from $83.00 to $73.00 and set a “buy” rating on the stock in a research note on Wednesday, February 25th. Finally, BNP Paribas Exane dropped their target price on Fidelity National Information Services from $60.00 to $55.00 and set an “underperform” rating on the stock in a report on Tuesday, January 20th. Fourteen research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $69.86.

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.