Wellington Management Group LLP Sells 83,885 Shares of Fidelity National Information Services, Inc. $FIS

Wellington Management Group LLP trimmed its position in Fidelity National Information Services, Inc. (NYSE:FIS) by 8.1% in the second quarter, Holdings Channel.com reports. The firm owned 954,027 shares of the information technology services provider’s stock after selling 83,885 shares during the period. Wellington Management Group LLP’s holdings in Fidelity National Information Services were worth $37,093,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in FIS. MBM Wealth Consultants LLC acquired a new stake in shares of Fidelity National Information Services during the 1st quarter worth approximately $33,000. Reflection Asset Management acquired a new position in Fidelity National Information Services in the fourth quarter valued at approximately $34,000. Kemnay Advisory Services Inc. acquired a new position in Fidelity National Information Services in the fourth quarter valued at approximately $42,000. DV Equities LLC bought a new position in Fidelity National Information Services in the fourth quarter valued at approximately $48,000. Finally, Hantz Financial Services Inc. grew its holdings in Fidelity National Information Services by 254.5% during the 4th quarter. Hantz Financial Services Inc. now owns 833 shares of the information technology services provider’s stock worth $55,000 after acquiring an additional 598 shares during the period. 96.23% of the stock is currently owned by institutional investors and hedge funds.

Fidelity National Information Services Price Performance

Shares of FIS stock opened at $41.88 on Friday. Fidelity National Information Services, Inc. has a 12-month low of $37.42 and a 12-month high of $70.27. The firm has a market capitalization of $21.65 billion, a price-to-earnings ratio of 6.43, a price-to-earnings-growth ratio of 0.44 and a beta of 0.79. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.96. The firm has a fifty day moving average of $41.97 and a 200-day moving average of $44.15.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings data on Tuesday, August 4th. The information technology services provider reported $1.48 EPS for the quarter, beating analysts’ consensus estimates of $1.47 by $0.01. The business had revenue of $3.38 billion during the quarter, compared to analysts’ expectations of $3.38 billion. Fidelity National Information Services had a net margin of 27.64% and a return on equity of 20.95%. The firm’s quarterly revenue was up 29.1% on a year-over-year basis. During the same quarter in the prior year, the company 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. On average, equities research analysts forecast that Fidelity National Information Services, Inc. will post 6.19 earnings per share for the current year.

Fidelity National Information Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 11th will be issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 4.2%. The ex-dividend date is Friday, September 11th. Fidelity National Information Services’s payout ratio is 27.04%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. National Bank Financial set a $50.00 price target on Fidelity National Information Services in a research note on Monday, August 10th. Truist Financial decreased their price objective on 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. Citigroup cut their target price on Fidelity National Information Services from $48.00 to $45.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 5th. UBS Group restated a “neutral” rating and set a $49.00 target price (down from $63.00) on shares of Fidelity National Information Services in a report on Wednesday, August 5th. Finally, Oppenheimer decreased their target price on Fidelity National Information Services from $69.00 to $62.00 in a research report on Friday, May 8th. Ten investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Fidelity National Information Services currently has an average rating of “Hold” and a consensus price target of $53.96.

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.