Argent Advisors Inc. raised its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS – Free Report) by 128.3% in the first quarter, HoldingsChannel reports. The firm owned 35,609 shares of the information technology services provider’s stock after buying an additional 20,009 shares during the quarter. Argent Advisors Inc.’s holdings in Fidelity National Information Services were worth $1,670,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also recently made changes to their positions in the company. Dodge & Cox raised its position in Fidelity National Information Services by 22.2% in the third quarter. Dodge & Cox now owns 43,105,207 shares of the information technology services provider’s stock worth $2,842,357,000 after acquiring an additional 7,830,710 shares during the period. Norges Bank purchased a new stake in shares of Fidelity National Information Services in the 4th quarter worth $495,956,000. Balyasny Asset Management L.P. raised its holdings in Fidelity National Information Services by 585.9% in the 3rd quarter. Balyasny Asset Management L.P. now owns 2,365,322 shares of the information technology services provider’s stock worth $155,969,000 after purchasing an additional 2,852,118 shares during the period. Pinebridge Investments LLC purchased a new position in Fidelity National Information Services during the fourth quarter valued at $114,799,000. Finally, TOMS Capital Investment Management LP purchased a new position in Fidelity National Information Services during the fourth quarter valued at $110,589,000. Institutional investors own 96.23% of the company’s stock.
Analyst Ratings Changes
A number of analysts have commented on the company. Deutsche Bank Aktiengesellschaft reduced their price target on Fidelity National Information Services from $55.00 to $50.00 in a research report on Monday, May 11th. BNP Paribas Exane lowered their price objective on Fidelity National Information Services from $40.00 to $37.00 and set an “underperform” rating on the stock in a research report on Thursday, May 14th. 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 research note on Monday, May 11th. TD Cowen reduced their target price on shares of Fidelity National Information Services from $78.00 to $62.00 and set a “buy” rating for the company in a report on Tuesday, May 12th. Finally, Keefe, Bruyette & Woods decreased their target price on shares of Fidelity National Information Services from $72.00 to $68.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 7th. Thirteen research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Fidelity National Information Services currently has an average rating of “Moderate Buy” and a consensus price target of $61.33.
Fidelity National Information Services Price Performance
NYSE:FIS opened at $40.78 on Thursday. The business’s 50-day simple moving average is $42.10 and its two-hundred day simple moving average is $50.35. Fidelity National Information Services, Inc. has a 52 week low of $37.42 and a 52 week high of $82.62. The stock has a market cap of $21.08 billion, a PE ratio of 7.90, a P/E/G ratio of 0.38 and a beta of 0.80. 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 (NYSE:FIS – Get Free Report) last released its quarterly earnings data on Friday, May 8th. The information technology services provider reported $1.36 earnings per share for the quarter, topping analysts’ consensus estimates 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 prior year, the company posted $1.21 earnings per share. The business’s quarterly 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, analysts forecast that Fidelity National Information Services, Inc. will post 6.28 EPS for the current fiscal year.
Fidelity National Information Services Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Thursday, June 11th were paid a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 4.3%. The ex-dividend date was Thursday, June 11th. Fidelity National Information Services’s dividend payout ratio is presently 34.11%.
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.
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