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

Royal London Asset Management Ltd. reduced its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 8.1% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 240,261 shares of the information technology services provider’s stock after selling 21,114 shares during the quarter. 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 SEC.

A number of other institutional investors have also made changes to their positions in the business. Reflection Asset Management acquired a new position in shares of Fidelity National Information Services during the 4th quarter worth about $34,000. Kemnay Advisory Services Inc. bought a new position in Fidelity National Information Services in the 4th quarter worth approximately $42,000. MBM Wealth Consultants LLC acquired a new position in shares of Fidelity National Information Services during the first quarter worth approximately $33,000. DV Equities LLC bought a new stake in shares of Fidelity National Information Services in the fourth quarter valued at approximately $48,000. Finally, Hantz Financial Services Inc. boosted its position in shares of Fidelity National Information Services by 254.5% in the fourth quarter. Hantz Financial Services Inc. now owns 833 shares of the information technology services provider’s stock valued at $55,000 after acquiring an additional 598 shares during the period. 96.23% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on FIS. Royal Bank Of Canada cut their target price on shares of Fidelity National Information Services from $57.00 to $53.00 and set an “outperform” rating for the company in a research note on Wednesday, August 5th. Truist Financial reduced their target price on shares of Fidelity National Information Services from $45.00 to $43.00 and set a “hold” rating for the company in a research note on Friday, July 24th. Wall Street Zen cut Fidelity National Information Services from a “buy” rating to a “hold” rating in a report on Sunday, May 17th. Barclays reduced their price objective on Fidelity National Information Services from $44.00 to $43.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 5th. Finally, Wolfe Research boosted their price objective on Fidelity National Information Services from $53.00 to $54.00 and gave the company an “outperform” rating in a research report on Tuesday, August 25th. Ten research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $53.96.

Fidelity National Information Services Price Performance

Shares of Fidelity National Information Services stock opened at $40.86 on Tuesday. The firm has a market cap of $21.12 billion, a P/E ratio of 6.28, a price-to-earnings-growth ratio of 0.43 and a beta of 0.77. The firm’s 50-day simple moving average is $41.70 and its 200-day simple moving average is $44.28. Fidelity National Information Services, Inc. has a twelve month low of $37.42 and a twelve month high of $70.38. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.53 and a current ratio of 0.53.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings results on Tuesday, August 4th. The information technology services provider reported $1.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.01. The firm had revenue of $3.38 billion during 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%. The company’s quarterly revenue was up 29.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.36 earnings per share. 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, research analysts expect that Fidelity National Information Services, Inc. will post 6.19 EPS for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 11th will be given a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date is Friday, September 11th. Fidelity National Information Services’s dividend payout ratio is 27.04%.

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.