The Manufacturers Life Insurance Company Purchases Shares of 260,142 Fidelity National Information Services, Inc. $FIS

The Manufacturers Life Insurance Company acquired a new position in Fidelity National Information Services, Inc. (NYSE:FIS) during the 2nd quarter, HoldingsChannel reports. The fund acquired 260,142 shares of the information technology services provider’s stock, valued at approximately $10,114,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Brighton Jones LLC acquired a new stake in Fidelity National Information Services during the fourth quarter valued at $347,000. Geneos Wealth Management Inc. raised its position in shares of 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 shares of Fidelity National Information Services during the 2nd quarter worth about $302,000. Marshall Wace LLP acquired a new stake in shares of Fidelity National Information Services during the 2nd quarter valued at about $4,896,000. Finally, Cresset Asset Management LLC grew its position in shares of Fidelity National Information Services by 20.5% during the 2nd quarter. Cresset Asset Management LLC now owns 5,290 shares of the information technology services provider’s stock valued at $431,000 after acquiring an additional 901 shares during the period. Institutional investors and hedge funds own 96.23% of the company’s stock.

Fidelity National Information Services Trading Up 2.2%

Shares of Fidelity National Information Services stock opened at $41.45 on Friday. 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, Inc. has a twelve month low of $37.42 and a twelve month high of $70.38. The firm has a market capitalization of $21.42 billion, a PE ratio of 6.37, a P/E/G ratio of 0.43 and a beta of 0.77. The firm’s 50-day moving average price is $41.64 and its 200 day moving average price is $44.39.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings data on Tuesday, August 4th. The information technology services provider reported $1.48 EPS for the quarter, topping the consensus estimate of $1.47 by $0.01. The company had revenue of $3.38 billion during the quarter, compared to analyst estimates of $3.38 billion. Fidelity National Information Services had a return on equity of 20.95% and a net margin of 27.64%.Fidelity National Information Services’s quarterly revenue was up 29.1% on a year-over-year basis. During the same period in the previous year, the business earned $1.36 EPS. 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. On average, sell-side analysts predict that Fidelity National Information Services, Inc. will post 6.19 EPS for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 11th will be paid a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend is Friday, September 11th. Fidelity National Information Services’s dividend payout ratio is currently 27.04%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on FIS shares. Barclays reduced their price target on Fidelity National Information Services from $44.00 to $43.00 and set an “equal weight” rating for the company in a report on Wednesday, August 5th. Morgan Stanley started coverage on Fidelity National Information Services in a research report on Tuesday, July 7th. They issued an “equal weight” rating and a $47.00 price objective for the company. Keefe, Bruyette & Woods reduced their target price on Fidelity National Information Services from $60.00 to $56.00 and set an “outperform” rating for the company in a research note on Wednesday, August 5th. Truist Financial decreased their target price on Fidelity National Information Services from $45.00 to $43.00 and set a “hold” rating on the stock in a research report on Friday, July 24th. Finally, Wall Street Zen cut shares of Fidelity National Information Services from a “buy” rating to a “hold” rating in a research note on Sunday, May 17th. Ten research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Fidelity National Information Services presently has a consensus rating of “Hold” and an average price target of $53.96.

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.