Legal & General Group Plc Makes New $129.81 Million Investment in Fidelity National Information Services, Inc. $FIS

Legal & General Group Plc bought a new position in shares of Fidelity National Information Services, Inc. (NYSE:FISFree Report) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 3,338,866 shares of the information technology services provider’s stock, valued at approximately $129,815,000. Legal & General Group Plc owned 0.65% of Fidelity National Information Services at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. MBM Wealth Consultants LLC acquired a new stake in Fidelity National Information Services in the first quarter worth $33,000. Reflection Asset Management acquired a new position in shares of Fidelity National Information Services in the 4th quarter valued at $34,000. Kemnay Advisory Services Inc. acquired a new position in shares of Fidelity National Information Services in the 4th quarter valued at $42,000. DV Equities LLC bought a new stake in shares of Fidelity National Information Services in the 4th quarter valued at $48,000. Finally, Hantz Financial Services Inc. increased its position in shares of Fidelity National Information Services by 254.5% in the 4th quarter. Hantz Financial Services Inc. now owns 833 shares of the information technology services provider’s stock valued at $55,000 after buying an additional 598 shares in the last quarter. 96.23% of the stock is owned by institutional investors.

Fidelity National Information Services Price Performance

Shares of NYSE FIS opened at $40.53 on Friday. The firm has a market cap of $20.95 billion, a PE ratio of 6.23, a PEG ratio of 0.42 and a beta of 0.77. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.96. Fidelity National Information Services, Inc. has a 1-year low of $37.42 and a 1-year high of $70.38. The company has a fifty day moving average price of $41.57 and a 200 day moving average price of $44.42.

Fidelity National Information Services (NYSE:FISGet Free Report) last released its quarterly earnings results on Tuesday, August 4th. The information technology services provider reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.01. The firm had revenue of $3.38 billion for 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 company’s revenue for the quarter was up 29.1% on a year-over-year basis. During the same quarter last year, the business posted $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. Research analysts predict 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 announced a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 11th will be given a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend is Friday, September 11th. Fidelity National Information Services’s dividend payout ratio (DPR) is currently 27.04%.

Analysts Set New Price Targets

Several research analysts have weighed in on FIS shares. Truist Financial reduced their target price on Fidelity National Information Services from $45.00 to $43.00 and set a “hold” rating on the stock in a report on Friday, July 24th. Weiss Ratings raised Fidelity National Information Services from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday. Citigroup cut their price objective on Fidelity National Information Services from $48.00 to $45.00 and set a “neutral” rating on the stock in a report on Wednesday, August 5th. Barclays decreased their price objective on Fidelity National Information Services from $44.00 to $43.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 5th. Finally, Cantor Fitzgerald lowered their target price on Fidelity National Information Services from $55.00 to $50.00 and set an “overweight” rating for the company in a research note on Monday, August 10th. 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. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $53.96.

Check Out Our Latest Report on Fidelity National Information Services

About Fidelity National Information Services

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Fidelity National Information Services (NYSE:FIS)

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