104,559 Shares in Fidelity National Information Services, Inc. $FIS Purchased by Munich Reinsurance Co Stock Corp in Munich

Munich Reinsurance Co Stock Corp in Munich purchased a new position in Fidelity National Information Services, Inc. (NYSE:FIS) during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 104,559 shares of the information technology services provider’s stock, valued at approximately $6,895,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Root Financial Partners LLC acquired a new stake in shares of Fidelity National Information Services in the third quarter worth $29,000. LRI Investments LLC boosted its holdings in Fidelity National Information Services by 613.1% in the third quarter. LRI Investments LLC now owns 435 shares of the information technology services provider’s stock valued at $29,000 after purchasing an additional 374 shares during the last quarter. Raiffeisen Bank International AG purchased a new stake in Fidelity National Information Services in the third quarter valued at $29,000. Steigerwald Gordon & Koch Inc. acquired a new stake in Fidelity National Information Services during the 3rd quarter worth about $37,000. Finally, Valued Wealth Advisors LLC purchased a new position in shares of Fidelity National Information Services during the 2nd quarter valued at about $42,000. 96.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein bought 941 shares of the business’s stock in a transaction dated Thursday, January 15th. The stock was acquired at an average price of $64.11 per share, with a total value of $60,327.51. Following the completion of the purchase, the director directly owned 14,529 shares of the company’s stock, valued at approximately $931,454.19. This trade represents a 6.93% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. 0.21% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

FIS has been the topic of a number of recent research reports. Wells Fargo & Company lowered their target price on Fidelity National Information Services from $81.00 to $67.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 25th. UBS Group reduced their price target on Fidelity National Information Services from $83.00 to $73.00 and set a “buy” rating for the company in a research report on Wednesday, February 25th. Raymond James Financial lowered their price objective on 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. Argus cut their target price on shares of Fidelity National Information Services from $92.00 to $65.00 and set a “buy” rating for the company in a report on Thursday, February 26th. Finally, Compass Point decreased their target price on shares of Fidelity National Information Services from $90.00 to $81.00 and set a “buy” rating for the company in a research note on Tuesday, January 13th. Thirteen analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $69.85.

Fidelity National Information Services Stock Up 1.7%

Shares of FIS opened at $51.44 on Friday. The firm has a market cap of $26.46 billion, a P/E ratio of 70.47, a PEG ratio of 0.50 and a beta of 0.90. Fidelity National Information Services, Inc. has a 12 month low of $46.16 and a 12 month high of $82.74. The stock’s 50 day moving average is $56.45 and its two-hundred day moving average is $62.94. 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 announced its earnings results on Tuesday, February 24th. The information technology services provider reported $1.68 earnings per share 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 business had revenue of $2.81 billion for the quarter, compared to analyst estimates of $2.74 billion. During the same period in the previous year, the company earned $1.40 earnings per share. The company’s quarterly revenue was up 8.2% compared to the same quarter last year. 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. Analysts predict that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current fiscal year.

Fidelity National Information Services Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 24th. Shareholders of record on Tuesday, March 10th will be issued a dividend of $0.44 per share. The ex-dividend date of this dividend is Tuesday, March 10th. 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 3.4%. Fidelity National Information Services’s payout ratio is 219.18%.

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.