Main Street Financial Solutions LLC purchased a new position in Fidelity National Information Services, Inc. (NYSE:FIS – Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 61,512 shares of the information technology services provider’s stock, valued at approximately $2,392,000.
Other large investors also recently added to or reduced their stakes in the company. Salomon & Ludwin LLC lifted its stake in shares of Fidelity National Information Services by 100.5% in the 4th quarter. Salomon & Ludwin LLC now owns 387 shares of the information technology services provider’s stock valued at $26,000 after purchasing an additional 194 shares during the last quarter. MBM Wealth Consultants LLC bought a new position in shares of Fidelity National Information Services during the 1st quarter valued at approximately $33,000. Reflection Asset Management purchased a new stake in Fidelity National Information Services during the 4th quarter valued at $34,000. Kemnay Advisory Services Inc. bought a new stake in Fidelity National Information Services in the fourth quarter worth $42,000. Finally, DV Equities LLC bought a new stake in Fidelity National Information Services in the fourth quarter worth $48,000. 96.23% of the stock is owned by institutional investors.
Analysts Set New Price Targets
A number of research analysts have weighed in on FIS shares. TD Cowen cut their price objective on shares of Fidelity National Information Services from $62.00 to $58.00 and set a “buy” rating on the stock in a research report on Wednesday, August 5th. Citigroup dropped their price target on shares of Fidelity National Information Services from $48.00 to $45.00 and set a “neutral” rating for the company in a research note on Wednesday, August 5th. The Goldman Sachs Group cut their price target on shares of Fidelity National Information Services from $65.00 to $57.00 and set a “buy” rating on the stock in a report on Monday, May 11th. Cantor Fitzgerald decreased 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 note on Monday, August 10th. Finally, Keefe, Bruyette & Woods dropped their target price on Fidelity National Information Services from $60.00 to $56.00 and set an “outperform” rating for the company in a research report on Wednesday, August 5th. Eleven investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $55.39.
Fidelity National Information Services Stock Down 0.5%
Shares of FIS opened at $40.98 on Wednesday. The firm has a fifty day moving average price of $41.29 and a 200-day moving average price of $45.02. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.96. The firm has a market capitalization of $21.18 billion, a P/E ratio of 6.29, a P/E/G ratio of 0.44 and a beta of 0.77. Fidelity National Information Services, Inc. has a 12-month low of $37.42 and a 12-month high of $71.90.
Fidelity National Information Services (NYSE:FIS – Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The information technology services provider reported $1.48 EPS for the quarter, topping the consensus estimate of $1.47 by $0.01. The company had revenue of $3.38 billion for the quarter, compared to the consensus estimate of $3.38 billion. Fidelity National Information Services had a net margin of 27.64% and a return on equity of 20.95%. The firm’s revenue was up 29.1% compared to the same quarter last year. During the same quarter last year, the firm 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. Equities research analysts expect that Fidelity National Information Services, Inc. will post 6.19 earnings per share for the current year.
Fidelity National Information Services Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Stockholders 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 dividend yield of 4.3%. The ex-dividend date of this dividend is Friday, September 11th. Fidelity National Information Services’s payout ratio is currently 27.04%.
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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