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

Vestcor Inc cut its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 28.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 43,247 shares of the information technology services provider’s stock after selling 16,800 shares during the period. Vestcor Inc’s holdings in Fidelity National Information Services were worth $2,874,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Salomon & Ludwin LLC boosted its position in Fidelity National Information Services by 100.5% during the fourth quarter. Salomon & Ludwin LLC now owns 387 shares of the information technology services provider’s stock worth $26,000 after purchasing an additional 194 shares during the period. Raiffeisen Bank International AG bought a new stake in Fidelity National Information Services during the third quarter worth approximately $29,000. GoalVest Advisory LLC bought a new stake in Fidelity National Information Services during the fourth quarter worth approximately $33,000. Thurston Springer Miller Herd & Titak Inc. boosted its position in Fidelity National Information Services by 251.4% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 506 shares of the information technology services provider’s stock worth $34,000 after purchasing an additional 362 shares during the period. Finally, Hantz Financial Services Inc. boosted its position in Fidelity National Information Services by 254.5% during the fourth quarter. Hantz Financial Services Inc. now owns 833 shares of the information technology services provider’s stock worth $55,000 after purchasing an additional 598 shares during the period. 96.23% of the stock is currently owned by institutional investors.

Fidelity National Information Services Stock Down 1.1%

NYSE FIS opened at $41.03 on Friday. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.59 and a current ratio of 0.59. The firm has a 50-day simple moving average of $44.96 and a 200 day simple moving average of $53.77. Fidelity National Information Services, Inc. has a twelve month low of $40.33 and a twelve month high of $82.74. The stock has a market cap of $21.21 billion, a PE ratio of 7.95, a PEG ratio of 0.40 and a beta of 0.78.

Fidelity National Information Services (NYSE:FIS) last released its earnings results on Friday, May 8th. The information technology services provider reported $1.36 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.08. Fidelity National Information Services had a net margin of 23.35% and a return on equity of 21.30%. The business had revenue of $3.30 billion during the quarter, compared to analysts’ expectations of $3.28 billion. During the same quarter last year, the company 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. On average, research analysts forecast that Fidelity National Information Services, Inc. will post 6.28 EPS for the current year.

Fidelity National Information Services Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Thursday, June 11th will be given a $0.44 dividend. 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 dividend payout ratio (DPR) is 34.11%.

Analyst Ratings Changes

A number of brokerages have issued reports on FIS. Stephens decreased their target price on Fidelity National Information Services from $85.00 to $65.00 and set an “overweight” rating for the company in a research report on Friday, May 8th. UBS Group dropped their price objective on Fidelity National Information Services from $73.00 to $63.00 and set a “buy” rating on the stock in a research note on Monday, May 11th. Oppenheimer cut their price objective on Fidelity National Information Services from $69.00 to $62.00 in a research report on Friday, May 8th. TD Cowen cut their price objective on Fidelity National Information Services from $78.00 to $62.00 and set a “buy” rating for the company in a research report on Tuesday, May 12th. Finally, Wells Fargo & Company reduced their price objective on Fidelity National Information Services from $81.00 to $67.00 and set an “overweight” rating for the company in a research report on Wednesday, February 25th. Thirteen research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $61.33.

Fidelity National Information Services Company 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.