PFA Pension Forsikringsaktieselskab acquired a new position in Fidelity National Information Services, Inc. (NYSE:FIS – Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 258,339 shares of the information technology services provider’s stock, valued at approximately $17,353,000.
A number of other hedge funds also recently added to or reduced their stakes in FIS. Brighton Jones LLC purchased a new stake in Fidelity National Information Services in the fourth quarter worth about $347,000. Geneos Wealth Management Inc. lifted its stake in Fidelity National Information Services by 70.1% in the first quarter. Geneos Wealth Management Inc. now owns 1,046 shares of the information technology services provider’s stock worth $78,000 after acquiring an additional 431 shares during the period. Sivia Capital Partners LLC purchased a new stake in Fidelity National Information Services in the second quarter worth about $302,000. Marshall Wace LLP bought a new position in Fidelity National Information Services in the second quarter worth about $4,896,000. Finally, Cresset Asset Management LLC raised its holdings in Fidelity National Information Services by 20.5% in the second quarter. Cresset Asset Management LLC now owns 5,290 shares of the information technology services provider’s stock worth $431,000 after purchasing an additional 901 shares in the last quarter. 96.23% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of brokerages have commented on FIS. Compass Point reduced 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 report on Tuesday, January 13th. Truist Financial reduced their target price on shares of Fidelity National Information Services from $57.00 to $50.00 and set a “hold” rating for the company in a report on Friday, April 24th. JPMorgan Chase & Co. reduced their target price on shares of Fidelity National Information Services from $80.00 to $65.00 and set an “overweight” rating for the company in a report on Thursday, February 12th. Keefe, Bruyette & Woods reduced their target price on shares of Fidelity National Information Services from $72.00 to $68.00 and set an “outperform” rating for the company in a report on Tuesday, April 7th. Finally, Royal Bank Of Canada cut their price objective on shares of Fidelity National Information Services from $86.00 to $69.00 and set an “outperform” rating on the stock in a report on Tuesday, February 24th. Thirteen equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $67.10.
Insiders Place Their Bets
In other Fidelity National Information Services news, CEO Stephanie Ferris purchased 19,846 shares of the business’s stock in a transaction that occurred on Thursday, March 5th. The shares were bought at an average price of $50.39 per share, for a total transaction of $1,000,039.94. Following the acquisition, the chief executive officer owned 281,458 shares in the company, valued at $14,182,668.62. This represents a 7.59% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.21% of the company’s stock.
Fidelity National Information Services Stock Performance
FIS opened at $46.57 on Monday. Fidelity National Information Services, Inc. has a 52-week low of $43.29 and a 52-week high of $82.74. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.65. The company has a market cap of $24.07 billion, a P/E ratio of 63.79, a price-to-earnings-growth ratio of 0.46 and a beta of 0.82. The firm’s 50-day moving average price is $48.16 and its 200-day moving average price is $57.46.
Fidelity National Information Services (NYSE:FIS – Get Free Report) last posted its quarterly earnings data 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 net margin of 3.58% and a return on equity of 21.21%. The company had revenue of $2.81 billion for the quarter, compared to analyst estimates of $2.74 billion. During the same quarter last year, the company earned $1.40 EPS. The business’s 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. As a group, equities analysts anticipate that Fidelity National Information Services, Inc. will post 6.27 EPS for the current fiscal year.
Fidelity National Information Services Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Thursday, June 11th will be issued a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 3.8%. The ex-dividend date is Thursday, June 11th. Fidelity National Information Services’s dividend payout ratio is 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.
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