Main Street Financial Solutions LLC Acquires New Shares in Fidelity National Information Services, Inc. $FIS

Main Street Financial Solutions LLC bought a new position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) during the 2nd quarter, HoldingsChannel reports. The firm bought 61,512 shares of the information technology services provider’s stock, valued at approximately $2,392,000.

A number of other institutional investors have also added to or reduced their stakes in the business. Dodge & Cox raised its holdings in shares of Fidelity National Information Services by 13.9% in the 4th 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 in the last quarter. BlackRock Inc. bought a new position in shares of Fidelity National Information Services during the second quarter valued at approximately $1,730,200,000. Capital Research Global Investors increased its holdings in Fidelity National Information Services by 0.6% during the fourth quarter. Capital Research Global Investors now owns 28,129,710 shares of the information technology services provider’s stock valued at $1,869,507,000 after buying an additional 172,356 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Fidelity National Information Services by 4.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 11,196,718 shares of the information technology services provider’s stock valued at $744,134,000 after buying an additional 514,490 shares during the period. Finally, Invesco Ltd. raised its stake in Fidelity National Information Services by 5.6% in the third quarter. Invesco Ltd. now owns 8,515,321 shares of the information technology services provider’s stock worth $561,500,000 after buying an additional 448,712 shares in the last quarter. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on FIS. Stephens restated an “equal weight” rating and set a $50.00 target price on shares of Fidelity National Information Services in a report on Tuesday, August 11th. Weiss Ratings lowered Fidelity National Information Services from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, August 11th. Cantor Fitzgerald decreased their price objective on Fidelity National Information Services from $55.00 to $50.00 and set an “overweight” rating for the company in a research note on Monday, August 10th. Citigroup dropped their price objective on Fidelity National Information Services from $48.00 to $45.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 5th. Finally, Wall Street Zen lowered Fidelity National Information Services from a “buy” rating to a “hold” rating in a research note on Sunday, May 17th. Eleven research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $55.39.

Fidelity National Information Services Price Performance

Shares of FIS opened at $40.98 on Wednesday. The company has a 50 day moving average of $41.29 and a two-hundred day moving average of $45.02. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.96. Fidelity National Information Services, Inc. has a twelve month low of $37.42 and a twelve month high of $71.90. The company has a market cap of $21.18 billion, a price-to-earnings ratio of 6.29, a price-to-earnings-growth ratio of 0.44 and a beta of 0.77.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings results on Tuesday, August 4th. The information technology services provider reported $1.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.47 by $0.01. Fidelity National Information Services had a return on equity of 20.95% and a net margin of 27.64%.The business had revenue of $3.38 billion for the quarter, compared to the consensus estimate of $3.38 billion. During the same period in the prior year, the firm posted $1.36 earnings per share. The business’s quarterly revenue 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. As a group, analysts predict that Fidelity National Information Services, Inc. will post 6.19 earnings per share for the current fiscal year.

Fidelity National Information Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 11th will be given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend is Friday, September 11th. Fidelity National Information Services’s dividend payout ratio is currently 27.04%.

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.