OP Asset Management Ltd bought a new stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS – Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 53,490 shares of the information technology services provider’s stock, valued at approximately $2,509,000.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Brighton Jones LLC bought a new position in Fidelity National Information Services in the 4th quarter worth $347,000. Geneos Wealth Management Inc. boosted its stake in shares of Fidelity National Information Services by 70.1% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,046 shares of the information technology services provider’s stock valued at $78,000 after purchasing an additional 431 shares in the last quarter. Sivia Capital Partners LLC purchased a new position in shares of Fidelity National Information Services during the second quarter valued at about $302,000. Marshall Wace LLP bought a new position in Fidelity National Information Services in the second quarter worth about $4,896,000. Finally, Cresset Asset Management LLC raised its stake in Fidelity National Information Services by 20.5% in the second quarter. Cresset Asset Management LLC now owns 5,290 shares of the information technology services provider’s stock worth $431,000 after buying an additional 901 shares in the last quarter. Hedge funds and other institutional investors own 96.23% of the company’s stock.
Analyst Ratings Changes
Several research firms have weighed in on FIS. Truist Financial cut their price objective on Fidelity National Information Services from $50.00 to $45.00 and set a “hold” rating on the stock in a research report on Thursday, May 28th. TD Cowen lowered their target price on Fidelity National Information Services from $78.00 to $62.00 and set a “buy” rating for the company in a research note on Tuesday, May 12th. Stephens dropped their price target on Fidelity National Information Services from $85.00 to $65.00 and set an “overweight” rating on the stock in a research report on Friday, May 8th. The Goldman Sachs Group reduced their price target on Fidelity National Information Services from $65.00 to $57.00 and set a “buy” rating on the stock in a research note on Monday, May 11th. Finally, Royal Bank Of Canada lowered their price objective on Fidelity National Information Services from $69.00 to $57.00 and set an “outperform” rating for the company in a research report on Friday, May 8th. Thirteen investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $61.33.
Fidelity National Information Services Stock Performance
Shares of Fidelity National Information Services stock opened at $38.74 on Friday. Fidelity National Information Services, Inc. has a 1 year low of $37.42 and a 1 year high of $82.74. The firm’s 50-day moving average is $42.64 and its 200 day moving average is $51.02. The stock has a market cap of $20.02 billion, a price-to-earnings ratio of 7.51, a PEG ratio of 0.38 and a beta of 0.78. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.59 and a quick ratio of 0.59.
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, beating analysts’ consensus estimates of $1.28 by $0.08. The business had revenue of $3.29 billion during the quarter, compared to analyst estimates of $3.28 billion. Fidelity National Information Services had a net margin of 23.35% and a return on equity of 21.30%. Fidelity National Information Services’s revenue was up 30.1% compared to the same quarter last year. During the same period last year, the business earned $1.21 EPS. 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. Sell-side analysts anticipate that Fidelity National Information Services, Inc. will post 6.28 EPS for the current fiscal year.
Fidelity National Information Services Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Thursday, June 11th were issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date was Thursday, June 11th. Fidelity National Information Services’s payout ratio is presently 34.11%.
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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