Canada Pension Plan Investment Board bought a new position in Fidelity National Information Services, Inc. (NYSE:FIS – Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,188,471 shares of the information technology services provider’s stock, valued at approximately $46,208,000. Canada Pension Plan Investment Board owned about 0.23% of Fidelity National Information Services as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Dodge & Cox increased its holdings in shares of Fidelity National Information Services by 13.9% during the 4th quarter. Dodge & Cox now owns 49,113,297 shares of the information technology services provider’s stock valued at $3,264,070,000 after purchasing an additional 6,008,090 shares in the last quarter. BlackRock Inc. purchased a new stake in Fidelity National Information Services during the second quarter worth $1,730,200,000. Capital Research Global Investors boosted its holdings in Fidelity National Information Services by 0.6% during the fourth quarter. Capital Research Global Investors now owns 28,129,710 shares of the information technology services provider’s stock worth $1,869,507,000 after buying an additional 172,356 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Fidelity National Information Services by 4.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 11,196,718 shares of the information technology services provider’s stock valued at $744,134,000 after buying an additional 514,490 shares during the period. Finally, Invesco Ltd. grew its position in Fidelity National Information Services by 5.6% during the third quarter. Invesco Ltd. now owns 8,515,321 shares of the information technology services provider’s stock valued at $561,500,000 after buying an additional 448,712 shares during the period. 96.23% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of research analysts have weighed in on the stock. Wells Fargo & Company reiterated an “equal weight” rating and issued a $46.00 price objective (down from $58.00) on shares of Fidelity National Information Services in a research report on Tuesday. Citigroup dropped 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 report on Wednesday, August 5th. Wolfe Research lifted their price target on Fidelity National Information Services from $53.00 to $54.00 and gave the company an “outperform” rating in a research note on Tuesday. Morgan Stanley started coverage on Fidelity National Information Services in a research report on Tuesday, July 7th. They set an “equal weight” rating and a $47.00 price target on the stock. Finally, Stephens reissued an “equal weight” rating and issued a $50.00 price objective on shares of Fidelity National Information Services in a report on Tuesday, August 11th. Ten research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $53.96.
Fidelity National Information Services Stock Performance
FIS opened at $40.53 on Friday. The firm’s fifty day simple moving average is $41.57 and its two-hundred day simple moving average is $44.42. Fidelity National Information Services, Inc. has a 52-week low of $37.42 and a 52-week high of $70.38. The company has a market cap of $20.95 billion, a price-to-earnings ratio of 6.23, a PEG ratio of 0.42 and a beta of 0.77. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.96.
Fidelity National Information Services (NYSE:FIS – Get Free Report) last released its earnings results on Tuesday, August 4th. The information technology services provider reported $1.48 EPS for the quarter, topping analysts’ consensus estimates of $1.47 by $0.01. Fidelity National Information Services had a net margin of 27.64% and a return on equity of 20.95%. The business had revenue of $3.38 billion during the quarter, compared to analysts’ expectations of $3.38 billion. During the same quarter in the previous year, the company earned $1.36 earnings per share. The company’s quarterly revenue was up 29.1% on a year-over-year basis. 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. Equities analysts anticipate that Fidelity National Information Services, Inc. will post 6.19 earnings per share for the current fiscal year.
Fidelity National Information Services Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 11th will be paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 4.3%. The ex-dividend date is Friday, September 11th. Fidelity National Information Services’s payout ratio is 27.04%.
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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