Kovitz Investment Group Partners LLC Trims Position in Fidelity National Information Services, Inc. $FIS

Kovitz Investment Group Partners LLC cut its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 25.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 61,232 shares of the information technology services provider’s stock after selling 20,401 shares during the period. Kovitz Investment Group Partners LLC’s holdings in Fidelity National Information Services were worth $4,069,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Nordea Investment Management AB lifted its stake in Fidelity National Information Services by 15.4% in the 4th quarter. Nordea Investment Management AB now owns 1,440,210 shares of the information technology services provider’s stock worth $96,048,000 after purchasing an additional 191,957 shares in the last quarter. Clear Trail Advisors LLC purchased a new position in shares of Fidelity National Information Services during the 4th quarter valued at $2,590,000. SG Americas Securities LLC grew its position in shares of Fidelity National Information Services by 702.1% during the 4th quarter. SG Americas Securities LLC now owns 576,026 shares of the information technology services provider’s stock valued at $38,283,000 after purchasing an additional 504,215 shares in the last quarter. Brighton Jones LLC bought a new position in shares of Fidelity National Information Services in the fourth quarter worth $347,000. Finally, Norges Bank purchased a new stake in shares of Fidelity National Information Services in the fourth quarter worth $495,956,000. 96.23% of the stock is currently owned by institutional investors.

Fidelity National Information Services Stock Down 0.1%

FIS opened at $38.17 on Friday. The stock has a market cap of $19.73 billion, a PE ratio of 7.40, a P/E/G ratio of 0.37 and a beta of 0.78. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 1.05. Fidelity National Information Services, Inc. has a 52 week low of $37.85 and a 52 week high of $82.74. The business’s fifty day simple moving average is $43.43 and its 200 day simple moving average is $52.00.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings results on Friday, May 8th. The information technology services provider reported $1.36 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $3.29 billion during the quarter, compared to analyst estimates of $3.28 billion. During the same quarter in the previous year, the company posted $1.21 earnings per share. The company’s revenue was up 30.1% compared to the same quarter last year. 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, research analysts expect that Fidelity National Information Services, Inc. will post 6.28 earnings per share for the current fiscal year.

Fidelity National Information Services Dividend Announcement

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. The ex-dividend date is Thursday, June 11th. This represents a $1.76 dividend on an annualized basis and a yield of 4.6%. Fidelity National Information Services’s payout ratio is presently 34.11%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on FIS shares. Wells Fargo & Company dropped 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 note on Wednesday, February 25th. Weiss Ratings raised Fidelity National Information Services from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, May 11th. Wall Street Zen downgraded Fidelity National Information Services from a “buy” rating to a “hold” rating in a research report on Sunday, May 17th. The Goldman Sachs Group cut their price objective on Fidelity National Information Services from $65.00 to $57.00 and set a “buy” rating for the company in a report on Monday, May 11th. Finally, Citigroup decreased their price objective on shares of Fidelity National Information Services from $53.00 to $48.00 in a research report on Friday, May 8th. Thirteen investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Fidelity National Information Services presently has a consensus rating of “Moderate Buy” and an average target price 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.