Primecap Management Co. CA bought a new stake in Fidelity National Information Services, Inc. (NYSE:FIS – Free Report) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 100,910 shares of the information technology services provider’s stock, valued at approximately $3,923,000.
A number of other large investors also recently made changes to their positions in FIS. Brighton Jones LLC purchased a new stake in Fidelity National Information Services in the 4th quarter valued at about $347,000. Geneos Wealth Management Inc. boosted 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 worth $78,000 after buying an additional 431 shares during the last quarter. Sivia Capital Partners LLC purchased a new position in shares of Fidelity National Information Services in the 2nd quarter worth approximately $302,000. Marshall Wace LLP bought a new position in shares of Fidelity National Information Services in the second quarter valued at approximately $4,896,000. Finally, Cresset Asset Management LLC increased its position in shares of Fidelity National Information Services by 20.5% during the second quarter. Cresset Asset Management LLC now owns 5,290 shares of the information technology services provider’s stock valued at $431,000 after acquiring an additional 901 shares during the last quarter. 96.23% of the stock is owned by institutional investors.
Analyst Ratings Changes
Several research analysts have weighed in on FIS shares. BNP Paribas Exane cut their price objective on Fidelity National Information Services from $40.00 to $37.00 and set an “underperform” rating on the stock in a research report on Thursday, May 14th. UBS Group restated a “neutral” rating and set a $49.00 price target (down from $63.00) on shares of Fidelity National Information Services in a research report on Wednesday, August 5th. TD Cowen lowered their price objective on shares of Fidelity National Information Services from $58.00 to $53.00 and set a “buy” rating on the stock in a research report on Wednesday. Oppenheimer reduced their target price on shares of Fidelity National Information Services from $69.00 to $62.00 in a research report on Friday, May 8th. Finally, Citigroup reduced their price objective on Fidelity National Information Services from $48.00 to $45.00 and set a “neutral” rating for the company in a report on Wednesday, August 5th. Ten equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $53.96.
Fidelity National Information Services Stock Performance
NYSE FIS opened at $40.68 on Thursday. The firm has a market cap of $21.03 billion, a P/E ratio of 6.25, a price-to-earnings-growth 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. The company’s 50 day moving average is $41.52 and its 200-day moving average is $44.50. Fidelity National Information Services, Inc. has a 12-month low of $37.42 and a 12-month high of $70.78.
Fidelity National Information Services (NYSE:FIS – Get Free Report) last released its quarterly earnings data 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. Fidelity National Information Services had a net margin of 27.64% and a return on equity of 20.95%. The company had revenue of $3.38 billion during the quarter, compared to the consensus estimate of $3.38 billion. During the same period last year, the firm earned $1.36 EPS. Fidelity National Information Services’s revenue for the quarter 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. Sell-side analysts predict that Fidelity National Information Services, Inc. will post 6.19 earnings per share for the current year.
Fidelity National Information Services Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 11th will be paid a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date is Friday, September 11th. Fidelity National Information Services’s payout ratio is presently 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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