Royal London Asset Management Ltd. Sells 21,114 Shares of Fidelity National Information Services, Inc. $FIS

Royal London Asset Management Ltd. decreased its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 8.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 240,261 shares of the information technology services provider’s stock after selling 21,114 shares during the period. Royal London Asset Management Ltd.’s holdings in Fidelity National Information Services were worth $9,341,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the business. Dodge & Cox grew its holdings 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 worth $3,264,070,000 after purchasing an additional 6,008,090 shares during the last quarter. BlackRock Inc. bought a new position in shares of Fidelity National Information Services in the second quarter valued at about $1,730,200,000. Capital Research Global Investors lifted its position in Fidelity National Information Services by 0.6% during the 4th quarter. Capital Research Global Investors now owns 28,129,710 shares of the information technology services provider’s stock worth $1,869,507,000 after buying an additional 172,356 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Fidelity National Information Services by 4.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 11,196,718 shares of the information technology services provider’s stock valued at $744,134,000 after purchasing an additional 514,490 shares during the last quarter. Finally, Invesco Ltd. boosted its position in Fidelity National Information Services by 5.6% in the 3rd quarter. Invesco Ltd. now owns 8,515,321 shares of the information technology services provider’s stock valued at $561,500,000 after buying an additional 448,712 shares during the last quarter. 96.23% of the stock is owned by institutional investors and hedge funds.

Fidelity National Information Services Stock Performance

Shares of FIS stock opened at $40.86 on Tuesday. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.53 and a quick ratio of 0.53. The stock has a market cap of $21.12 billion, a PE ratio of 6.28, a price-to-earnings-growth ratio of 0.43 and a beta of 0.77. The stock has a 50-day moving average of $41.70 and a 200-day moving average of $44.28. Fidelity National Information Services, Inc. has a one year low of $37.42 and a one year high of $70.38.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings data on Tuesday, August 4th. The information technology services provider reported $1.48 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.01. The business had revenue of $3.38 billion for the quarter, compared to analyst estimates of $3.38 billion. Fidelity National Information Services had a net margin of 27.64% and a return on equity of 20.95%. Fidelity National Information Services’s quarterly revenue was up 29.1% compared to the same quarter last year. During the same quarter last year, the firm earned $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 company also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 11th will be given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend is Friday, September 11th. Fidelity National Information Services’s dividend payout ratio (DPR) is currently 27.04%.

Analysts Set New Price Targets

FIS has been the topic of a number of research reports. Weiss Ratings upgraded shares of Fidelity National Information Services from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, August 25th. Barclays dropped their price target 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. Keefe, Bruyette & Woods reduced their price objective on shares of Fidelity National Information Services from $60.00 to $56.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 5th. BNP Paribas Exane lowered their target price on shares of Fidelity National Information Services from $40.00 to $37.00 and set an “underperform” rating for the company in a report on Thursday, May 14th. Finally, Cantor Fitzgerald dropped their target price on shares of Fidelity National Information Services from $55.00 to $50.00 and set an “overweight” rating for the company in a research report on Monday, August 10th. Ten equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $53.96.

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.