Diamond Hill Capital Management LLC Investment Advisor acquired a new position in Fidelity National Information Services, Inc. (NYSE:FIS – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 685,810 shares of the information technology services provider’s stock, valued at approximately $26,664,000.
A number of other institutional investors have also recently bought and sold shares of FIS. Brighton Jones LLC purchased a new stake in Fidelity National Information Services in the 4th quarter worth about $347,000. Geneos Wealth Management Inc. lifted its stake in shares of Fidelity National Information Services by 70.1% in 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 during the last quarter. Sivia Capital Partners LLC bought a new stake in shares of Fidelity National Information Services during the 2nd quarter worth about $302,000. Marshall Wace LLP acquired a new stake in shares of Fidelity National Information Services in the second quarter worth $4,896,000. Finally, Cresset Asset Management LLC raised its holdings in Fidelity National Information Services by 20.5% in the 2nd quarter. Cresset Asset Management LLC now owns 5,290 shares of the information technology services provider’s stock worth $431,000 after acquiring an additional 901 shares during the period. Hedge funds and other institutional investors own 96.23% of the company’s stock.
Wall Street Analyst Weigh In
FIS has been the subject of a number of research analyst reports. Weiss Ratings lowered Fidelity National Information Services from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, August 11th. Cantor Fitzgerald cut their price objective on shares of Fidelity National Information Services from $55.00 to $50.00 and set an “overweight” rating for the company in a research report on Monday, August 10th. Oppenheimer reduced their target price on shares of Fidelity National Information Services from $69.00 to $62.00 in a research note on Friday, May 8th. Citigroup lowered their price target on Fidelity National Information Services from $48.00 to $45.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 5th. Finally, Wall Street Zen cut Fidelity National Information Services from a “buy” rating to a “hold” rating in a report on Sunday, May 17th. Eleven research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $55.39.
Fidelity National Information Services Price Performance
Shares of Fidelity National Information Services stock opened at $42.91 on Monday. The firm has a market cap of $22.18 billion, a P/E ratio of 6.59, a price-to-earnings-growth ratio of 0.44 and a beta of 0.77. The firm’s 50-day simple moving average is $41.24 and its 200-day simple moving average is $45.25. Fidelity National Information Services, Inc. has a twelve month low of $37.42 and a twelve month high of $71.99. 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 (NYSE:FIS – Get Free Report) last announced its quarterly 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. The firm had revenue of $3.38 billion during the quarter, compared to analysts’ expectations of $3.38 billion. Fidelity National Information Services had a net margin of 27.64% and a return on equity of 20.95%. The company’s revenue for the quarter was up 29.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.36 earnings per share. 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. As a group, research analysts expect that Fidelity National Information Services, Inc. will post 6.19 EPS for the current fiscal year.
Fidelity National Information Services Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 11th will be paid a $0.44 dividend. The ex-dividend date of this dividend is Friday, September 11th. This represents a $1.76 annualized dividend and a yield of 4.1%. Fidelity National Information Services’s payout ratio is currently 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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