Saudi Central Bank Has $1.40 Million Stock Position in Fidelity National Information Services, Inc. $FIS

Saudi Central Bank lifted its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 88.4% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 36,009 shares of the information technology services provider’s stock after purchasing an additional 16,895 shares during the quarter. Saudi Central Bank’s holdings in Fidelity National Information Services were worth $1,400,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. BlackRock Inc. bought a new stake in shares of Fidelity National Information Services during the second quarter worth about $1,730,200,000. Norges Bank bought a new position in shares of Fidelity National Information Services during the fourth quarter valued at $495,956,000. Dodge & Cox increased its holdings in Fidelity National Information Services by 13.9% in the fourth quarter. Dodge & Cox now owns 49,113,297 shares of the information technology services provider’s stock valued at $3,264,070,000 after purchasing an additional 6,008,090 shares during the period. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in Fidelity National Information Services during the 2nd quarter worth about $219,162,000. Finally, Bank of America Corp DE bought a new stake in shares of Fidelity National Information Services in the 2nd quarter valued at about $189,387,000. Institutional investors own 96.23% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on FIS. 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 note on Thursday, May 14th. Wolfe Research increased their price objective on shares of Fidelity National Information Services from $53.00 to $54.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 25th. Royal Bank Of Canada dropped their target price on shares of Fidelity National Information Services from $57.00 to $53.00 and set an “outperform” rating on the stock in a report on Wednesday, August 5th. Citigroup cut their price target on Fidelity National Information Services from $48.00 to $45.00 and set a “neutral” rating on the stock in a report on Wednesday, August 5th. Finally, TD Cowen reduced their price target on shares of Fidelity National Information Services from $58.00 to $53.00 and set a “buy” rating for the company in a report on Wednesday, August 26th. Ten analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $53.96.

Fidelity National Information Services Stock Down 5.8%

FIS stock opened at $39.48 on Wednesday. Fidelity National Information Services, Inc. has a 1-year low of $37.42 and a 1-year high of $70.27. The stock has a market cap of $20.41 billion, a P/E ratio of 6.06, a P/E/G ratio of 0.44 and a beta of 0.79. The stock’s fifty day simple moving average is $42.05 and its two-hundred day simple moving average is $44.03. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.96.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings results on Tuesday, August 4th. The information technology services provider reported $1.48 earnings per share for the quarter, beating 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 analyst estimates of $3.38 billion. During the same quarter in the prior year, the business earned $1.36 earnings per share. The firm’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. Analysts expect that Fidelity National Information Services, Inc. will post 6.19 EPS for the current year.

Fidelity National Information Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 11th will be given a $0.44 dividend. The ex-dividend date of this dividend is Friday, September 11th. This represents a $1.76 annualized dividend and a dividend yield of 4.5%. Fidelity National Information Services’s payout ratio is 27.04%.

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.