Christine Messmer PC purchased a new stake in Fidelity National Information Services, Inc. (NYSE:FIS – Free Report) in the 4th quarter, HoldingsChannel reports. The fund purchased 11,261 shares of the information technology services provider’s stock, valued at approximately $748,000.
Several other hedge funds have also made changes to their positions in the company. Nordea Investment Management AB raised its stake in Fidelity National Information Services by 15.4% during 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 buying an additional 191,957 shares during the period. AGF Management Ltd. acquired a new stake in Fidelity National Information Services during the 3rd quarter worth $3,096,000. Clear Trail Advisors LLC acquired a new stake in Fidelity National Information Services during the 4th quarter worth $2,590,000. Independent Advisor Alliance raised its stake in Fidelity National Information Services by 177.8% during the 3rd quarter. Independent Advisor Alliance now owns 39,987 shares of the information technology services provider’s stock worth $2,637,000 after buying an additional 25,593 shares during the period. Finally, Assetmark Inc. raised its stake in Fidelity National Information Services by 45.1% during the 3rd quarter. Assetmark Inc. now owns 265,518 shares of the information technology services provider’s stock worth $17,508,000 after buying an additional 82,518 shares during the period. Hedge funds and other institutional investors own 96.23% of the company’s stock.
Insider Activity
In related news, CEO Stephanie Ferris bought 19,846 shares of the stock in a transaction that occurred on Thursday, March 5th. The shares were acquired at an average price of $50.39 per share, with a total value of $1,000,039.94. Following the completion of the transaction, the chief executive officer owned 281,458 shares in the company, valued at $14,182,668.62. The trade was a 7.59% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.21% of the company’s stock.
Fidelity National Information Services Price Performance
Fidelity National Information Services (NYSE:FIS – Get Free Report) last released its earnings results on Tuesday, February 24th. The information technology services provider reported $1.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.69 by ($0.01). The company had revenue of $2.81 billion during the quarter, compared to analyst estimates of $2.74 billion. Fidelity National Information Services had a net margin of 3.58% and a return on equity of 21.21%. Fidelity National Information Services’s revenue was up 8.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.40 EPS. Fidelity National Information Services has set its Q1 2026 guidance at 1.260-1.300 EPS and its FY 2026 guidance at 6.220-6.320 EPS. As a group, sell-side analysts forecast that Fidelity National Information Services, Inc. will post 6.27 EPS for the current fiscal year.
Fidelity National Information Services Announces Dividend
The business 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 of this dividend is Thursday, June 11th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.7%. Fidelity National Information Services’s payout ratio is currently 241.10%.
Wall Street Analyst Weigh In
FIS has been the topic of a number of research reports. Susquehanna cut their price target on Fidelity National Information Services from $69.00 to $55.00 and set a “neutral” rating on the stock in a report on Wednesday, February 25th. Citigroup reduced their price objective on Fidelity National Information Services from $70.00 to $53.00 and set a “neutral” rating for the company in a research report on Wednesday, February 25th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $70.00 price objective on shares of Fidelity National Information Services in a research report on Thursday, January 15th. The Goldman Sachs Group reduced their price objective on Fidelity National Information Services from $70.00 to $65.00 and set a “buy” rating for the company in a research report on Monday, April 13th. Finally, Raymond James Financial reduced their price objective on Fidelity National Information Services from $82.00 to $60.00 and set an “outperform” rating for the company in a research report on Wednesday, February 25th. Thirteen investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $67.10.
Read Our Latest Research Report on FIS
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.
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