VIRGINIA RETIREMENT SYSTEMS ET Al Purchases Shares of 838,350 Fidelity National Information Services, Inc. $FIS

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 838,350 shares of the information technology services provider’s stock, valued at approximately $32,595,000.

Several other large investors also recently made changes to their positions in the stock. BlackRock Inc. bought a new position in shares of Fidelity National Information Services in the second quarter valued at $1,730,200,000. California State Teachers Retirement System raised its position in Fidelity National Information Services by 3,634.9% during the second quarter. California State Teachers Retirement System now owns 33,481,706 shares of the information technology services provider’s stock worth $1,301,769,000 after acquiring an additional 32,585,246 shares in the last quarter. Norges Bank bought a new stake in Fidelity National Information Services during the fourth quarter worth $495,956,000. Dodge & Cox lifted its stake 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 acquiring an additional 6,008,090 shares during the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in Fidelity National Information Services in the second quarter valued at $219,162,000. Institutional investors and hedge funds own 96.23% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. BNP Paribas Exane lowered their price objective on shares of 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. Weiss Ratings upgraded shares of Fidelity National Information Services from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, August 25th. Wells Fargo & Company reiterated an “equal weight” rating and set a $46.00 price target (down from $58.00) on shares of Fidelity National Information Services in a report on Tuesday, August 25th. Truist Financial lowered their price target 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, National Bank Financial set a $50.00 price objective on Fidelity National Information Services in a research note on Monday, August 10th. Ten equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Fidelity National Information Services has a consensus rating of “Hold” and an average price target of $53.96.

Fidelity National Information Services Price Performance

Shares of FIS opened at $41.88 on Tuesday. The company’s 50-day moving average is $42.04 and its 200-day moving average is $44.09. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.53 and a quick ratio of 0.53. The firm has a market capitalization of $21.65 billion, a PE ratio of 6.43, a PEG ratio of 0.44 and a beta of 0.79. Fidelity National Information Services, Inc. has a fifty-two week low of $37.42 and a fifty-two week high of $70.27.

Fidelity National Information Services (NYSE:FIS) last announced its earnings results 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. Fidelity National Information Services had a net margin of 27.64% and a return on equity of 20.95%. The business had revenue of $3.38 billion during the quarter, compared to the consensus estimate of $3.38 billion. During the same quarter in the previous year, the firm posted $1.36 EPS. Fidelity National Information Services’s revenue was up 29.1% compared to the same quarter last year. 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. Equities analysts forecast that Fidelity National Information Services, Inc. will post 6.19 EPS for the current year.

Fidelity National Information Services Announces Dividend

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