Hara Capital LLC purchased a new stake in Fidelity National Information Services, Inc. (NYSE:FIS – Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 16,356 shares of the information technology services provider’s stock, valued at approximately $636,000.
A number of other large investors have also modified their holdings of the stock. BlackRock Inc. acquired a new position in Fidelity National Information Services during the 2nd quarter worth approximately $1,730,200,000. Norges Bank purchased a new stake in shares of Fidelity National Information Services during the 4th quarter worth $495,956,000. OP Asset Management Ltd purchased a new stake in shares of Fidelity National Information Services during the 1st quarter worth $2,509,000. South Dakota Investment Council grew its stake in shares of Fidelity National Information Services by 46.2% during the first quarter. South Dakota Investment Council now owns 228,021 shares of the information technology services provider’s stock worth $10,696,000 after purchasing an additional 72,040 shares in the last quarter. Finally, Brighton Jones LLC purchased a new position in Fidelity National Information Services in the fourth quarter valued at $347,000. Hedge funds and other institutional investors own 96.23% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of brokerages have issued reports on FIS. Morgan Stanley initiated coverage on Fidelity National Information Services in a report on Tuesday, July 7th. They set an “equal weight” rating and a $47.00 price target for the company. Truist Financial cut their target price on Fidelity National Information Services from $45.00 to $43.00 and set a “hold” rating on the stock in a research report on Friday, July 24th. Oppenheimer lowered their price target on Fidelity National Information Services from $69.00 to $62.00 in a report on Friday, May 8th. BNP Paribas Exane dropped their price target on shares of Fidelity National Information Services from $40.00 to $37.00 and set an “underperform” rating on the stock in a research note on Thursday, May 14th. Finally, Wells Fargo & Company cut their price objective on shares of Fidelity National Information Services from $67.00 to $58.00 and set an “overweight” rating on the stock in a report on Wednesday, August 5th. Eleven equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $55.39.
Fidelity National Information Services Stock Performance
Shares of FIS stock opened at $40.58 on Friday. The stock’s 50-day moving average is $41.37 and its two-hundred day moving average is $44.82. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.53 and a current ratio of 0.53. Fidelity National Information Services, Inc. has a 1 year low of $37.42 and a 1 year high of $71.90. The firm has a market cap of $20.97 billion, a price-to-earnings ratio of 6.23, a PEG ratio of 0.42 and a beta of 0.77.
Fidelity National Information Services (NYSE:FIS – Get Free Report) last posted its earnings results on Tuesday, August 4th. The information technology services provider reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.01. The business had revenue of $3.38 billion during the quarter, compared to the consensus estimate of $3.38 billion. Fidelity National Information Services had a return on equity of 20.95% and a net margin of 27.64%.The business’s quarterly revenue was up 29.1% on a year-over-year basis. During the same period in the previous year, the business 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. Analysts predict that Fidelity National Information Services, Inc. will post 6.19 earnings per share for the current year.
Fidelity National Information Services Dividend Announcement
The company 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 $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend is Friday, September 11th. Fidelity National Information Services’s dividend payout ratio is presently 27.04%.
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.
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