Legal & General Group Plc Has $244.14 Million Holdings in Fidelity National Information Services, Inc. $FIS

Legal & General Group Plc grew its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 0.6% in the third quarter, Holdings Channel.com reports. The firm owned 3,702,445 shares of the information technology services provider’s stock after purchasing an additional 22,097 shares during the period. Legal & General Group Plc’s holdings in Fidelity National Information Services were worth $244,139,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Pinnacle Bancorp Inc. raised its stake in shares of Fidelity National Information Services by 21.9% during the 3rd quarter. Pinnacle Bancorp Inc. now owns 835 shares of the information technology services provider’s stock worth $55,000 after purchasing an additional 150 shares in the last quarter. Wealthspire Advisors LLC grew its stake in shares of Fidelity National Information Services by 3.1% in the 2nd quarter. Wealthspire Advisors LLC now owns 5,426 shares of the information technology services provider’s stock valued at $442,000 after buying an additional 162 shares in the last quarter. FJ Capital Management LLC increased its holdings in Fidelity National Information Services by 4.7% in the second quarter. FJ Capital Management LLC now owns 3,600 shares of the information technology services provider’s stock worth $293,000 after buying an additional 163 shares during the last quarter. Gratus Wealth Advisors LLC raised its position in Fidelity National Information Services by 1.4% during the third quarter. Gratus Wealth Advisors LLC now owns 12,389 shares of the information technology services provider’s stock valued at $817,000 after acquiring an additional 170 shares in the last quarter. Finally, TD Waterhouse Canada Inc. lifted its stake in Fidelity National Information Services by 0.7% in the second quarter. TD Waterhouse Canada Inc. now owns 24,042 shares of the information technology services provider’s stock valued at $1,981,000 after acquiring an additional 175 shares during the last quarter. 96.23% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently commented on FIS shares. Truist Financial dropped their price target on shares of Fidelity National Information Services from $69.00 to $57.00 and set a “hold” rating on the stock in a research note on Tuesday, March 3rd. TD Cowen decreased their price objective on shares of Fidelity National Information Services from $89.00 to $78.00 and set a “buy” rating for the company in a report on Wednesday, February 25th. Raymond James Financial lowered their target price on shares of Fidelity National Information Services from $82.00 to $60.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 25th. JPMorgan Chase & Co. reduced their price target on Fidelity National Information Services from $80.00 to $65.00 and set an “overweight” rating for the company in a research report on Thursday, February 12th. Finally, Stephens decreased their price target on Fidelity National Information Services from $90.00 to $85.00 and set an “overweight” rating for the company in a research note on Friday, January 16th. Fourteen analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $69.86.

Insider Activity at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein acquired 941 shares of Fidelity National Information Services stock in a transaction on Thursday, January 15th. The stock was bought at an average price of $64.11 per share, for a total transaction of $60,327.51. Following the transaction, the director owned 14,529 shares of the company’s stock, valued at $931,454.19. The trade was a 6.93% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Stephanie Ferris acquired 19,846 shares of the firm’s stock in a transaction dated Thursday, March 5th. The shares were purchased at an average cost of $50.39 per share, for a total transaction of $1,000,039.94. Following the acquisition, the chief executive officer directly owned 281,458 shares in the company, valued at $14,182,668.62. This represents a 7.59% increase in their position. The SEC filing for this purchase provides additional information. Corporate insiders own 0.21% of the company’s stock.

Fidelity National Information Services Trading Down 1.8%

Shares of FIS stock opened at $49.24 on Friday. The firm has a market capitalization of $25.33 billion, a P/E ratio of 67.45, a price-to-earnings-growth ratio of 0.49 and a beta of 0.90. Fidelity National Information Services, Inc. has a 1 year low of $46.16 and a 1 year high of $82.74. The firm’s fifty day simple moving average is $55.13 and its 200 day simple moving average is $62.43. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.65.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings results on Tuesday, February 24th. The information technology services provider reported $1.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.69 by ($0.01). Fidelity National Information Services had a return on equity of 21.21% and a net margin of 3.58%.The company had revenue of $2.81 billion during the quarter, compared to analyst estimates of $2.74 billion. During the same quarter in the prior year, the business earned $1.40 earnings per share. The business’s revenue for the quarter was up 8.2% on a year-over-year basis. Fidelity National Information Services has set its Q1 2026 guidance at 1.260-1.300 EPS and its FY 2026 guidance at 6.220-6.320 EPS. As a group, sell-side analysts predict that Fidelity National Information Services, Inc. will post 5.74 EPS for the current year.

Fidelity National Information Services Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 24th. Investors of record on Tuesday, March 10th will be paid a dividend of $0.44 per share. This is a positive change from Fidelity National Information Services’s previous quarterly dividend of $0.40. This represents a $1.76 annualized dividend and a yield of 3.6%. The ex-dividend date is Tuesday, March 10th. Fidelity National Information Services’s dividend payout ratio is presently 241.10%.

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.