Ieq Capital LLC Takes $1.71 Million Position in Fidelity National Information Services, Inc. $FIS

Ieq Capital LLC bought a new position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) during the second quarter, HoldingsChannel reports. The fund bought 43,937 shares of the information technology services provider’s stock, valued at approximately $1,708,000.

A number of other institutional investors have also modified their holdings of FIS. BOKF NA grew its position in Fidelity National Information Services by 0.6% during the 3rd quarter. BOKF NA now owns 28,031 shares of the information technology services provider’s stock worth $1,848,000 after purchasing an additional 159 shares during the last quarter. Fiduciary Trust Co boosted its stake in shares of Fidelity National Information Services by 4.9% during the third quarter. Fiduciary Trust Co now owns 3,465 shares of the information technology services provider’s stock worth $228,000 after buying an additional 161 shares during the period. FJ Capital Management LLC boosted its stake in shares of Fidelity National Information Services by 4.7% during the second quarter. FJ Capital Management LLC now owns 3,600 shares of the information technology services provider’s stock worth $293,000 after buying an additional 163 shares during the period. Horizon Investments LLC grew its holdings in shares of Fidelity National Information Services by 2.6% during the fourth quarter. Horizon Investments LLC now owns 8,458 shares of the information technology services provider’s stock worth $562,000 after buying an additional 214 shares during the last quarter. Finally, Pinnacle Financial Partners Inc. increased its position in Fidelity National Information Services by 6.4% in the 3rd quarter. Pinnacle Financial Partners Inc. now owns 3,732 shares of the information technology services provider’s stock valued at $246,000 after acquiring an additional 223 shares during the period. 96.23% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on FIS. The Goldman Sachs Group decreased their price objective on Fidelity National Information Services from $65.00 to $57.00 and set a “buy” rating for the company in a research report on Monday, May 11th. UBS Group reissued a “neutral” rating and issued a $49.00 target price (down from $63.00) on shares of Fidelity National Information Services in a report on Wednesday, August 5th. Weiss Ratings downgraded Fidelity National Information Services from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, August 11th. National Bank Financial set a $50.00 price objective on shares of Fidelity National Information Services in a research report on Monday, August 10th. Finally, Keefe, Bruyette & Woods dropped their price objective on shares of Fidelity National Information Services from $60.00 to $56.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 5th. Ten equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $54.17.

Fidelity National Information Services Stock Down 2.4%

FIS opened at $40.40 on Wednesday. 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 business has a 50 day simple moving average of $41.48 and a 200-day simple moving average of $44.57. The stock has a market capitalization of $20.88 billion, a P/E ratio of 6.21, a P/E/G ratio of 0.42 and a beta of 0.77. Fidelity National Information Services, Inc. has a 12 month low of $37.42 and a 12 month high of $71.57.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings data on Tuesday, August 4th. The information technology services provider reported $1.48 earnings per share for the quarter, topping analysts’ consensus estimates of $1.47 by $0.01. The firm had revenue of $3.38 billion for 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 quarter in the prior year, the company posted $1.36 earnings per share. 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, equities analysts anticipate that Fidelity National Information Services, Inc. will post 6.19 earnings per share for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 11th will be issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date is Friday, September 11th. Fidelity National Information Services’s dividend payout ratio (DPR) 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.