Fifth Third Bancorp Increases Stake in Fidelity National Information Services, Inc. $FIS

Fifth Third Bancorp increased its position in Fidelity National Information Services, Inc. (NYSE:FIS) by 182.8% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 120,839 shares of the information technology services provider’s stock after acquiring an additional 78,116 shares during the period. Fifth Third Bancorp’s holdings in Fidelity National Information Services were worth $5,669,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Brighton Jones LLC bought a new stake in Fidelity National Information Services during the fourth quarter valued at about $347,000. Geneos Wealth Management Inc. lifted 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 buying 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 2nd quarter valued at $302,000. Marshall Wace LLP bought a new position in Fidelity National Information Services in the 2nd quarter worth $4,896,000. Finally, Cresset Asset Management LLC increased its stake 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 buying an additional 901 shares in the last quarter. 96.23% of the stock is currently owned by hedge funds and other institutional investors.

Fidelity National Information Services Trading Down 1.9%

Shares of NYSE FIS opened at $41.82 on Friday. Fidelity National Information Services, Inc. has a twelve month low of $37.42 and a twelve month high of $82.62. The firm has a market cap of $21.62 billion, a PE ratio of 8.11, a price-to-earnings-growth ratio of 0.42 and a beta of 0.80. The business has a fifty day simple moving average of $40.99 and a two-hundred day simple moving average of $48.36. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 1.05.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings results on Friday, May 8th. The information technology services provider reported $1.36 EPS for the quarter, beating the consensus estimate of $1.28 by $0.08. The firm had revenue of $3.29 billion for the quarter, compared to analyst estimates of $3.28 billion. Fidelity National Information Services had a return on equity of 21.30% and a net margin of 23.35%.The business’s revenue for the quarter was up 30.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.21 earnings per share. 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. Analysts expect that Fidelity National Information Services, Inc. will post 6.28 earnings per share for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Thursday, June 11th were paid a $0.44 dividend. The ex-dividend date of this dividend was Thursday, June 11th. This represents a $1.76 dividend on an annualized basis and a yield of 4.2%. Fidelity National Information Services’s payout ratio is 34.11%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on FIS shares. Morgan Stanley assumed coverage on Fidelity National Information Services in a research note on Tuesday, July 7th. They issued an “equal weight” rating and a $47.00 price objective for the company. Citigroup dropped their price target on Fidelity National Information Services from $53.00 to $48.00 in a research note on Friday, May 8th. Barclays started coverage on shares of Fidelity National Information Services in a report on Wednesday, July 8th. They set an “equal weight” rating and a $44.00 price objective for the company. Royal Bank Of Canada lowered their target price on shares of Fidelity National Information Services from $69.00 to $57.00 and set an “outperform” rating on the stock in a report on Friday, May 8th. Finally, Keefe, Bruyette & Woods dropped their price target on Fidelity National Information Services from $72.00 to $68.00 and set an “outperform” rating for the company in a research note on Tuesday, April 7th. Thirteen investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $58.77.

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.