3,338,866 Shares in Fidelity National Information Services, Inc. $FIS Bought by Legal & General Group Plc

Legal & General Group Plc bought a new stake in Fidelity National Information Services, Inc. (NYSE:FIS) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 3,338,866 shares of the information technology services provider’s stock, valued at approximately $129,815,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new position in shares of Fidelity National Information Services during the 2nd quarter worth about $1,730,200,000. Norges Bank acquired a new stake in shares of Fidelity National Information Services in the fourth quarter valued at about $495,956,000. Dodge & Cox raised its holdings in Fidelity National Information Services by 13.9% during the fourth quarter. Dodge & Cox now owns 49,113,297 shares of the information technology services provider’s stock worth $3,264,070,000 after acquiring an additional 6,008,090 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in Fidelity National Information Services during the second quarter worth about $219,162,000. Finally, Deutsche Bank AG acquired a new position in Fidelity National Information Services during the second quarter valued at approximately $111,205,000. 96.23% of the stock is owned by institutional investors.

Fidelity National Information Services Trading Down 0.3%

Fidelity National Information Services stock opened at $40.53 on Friday. The stock has a 50-day simple moving average of $41.57 and a 200 day simple moving average of $44.42. The stock has a market capitalization of $20.95 billion, a P/E ratio of 6.23, a PEG ratio of 0.42 and a beta of 0.77. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.53 and a current ratio of 0.53. Fidelity National Information Services, Inc. has a 52 week low of $37.42 and a 52 week high of $70.38.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings data on Tuesday, August 4th. The information technology services provider reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $3.38 billion for the quarter, compared to analyst estimates of $3.38 billion. During the same quarter in the prior year, the company earned $1.36 earnings per share. The business’s revenue for the quarter 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. Analysts expect that Fidelity National Information Services, Inc. will post 6.19 earnings per share 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. Investors of record on Friday, September 11th will be paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date is Friday, September 11th. Fidelity National Information Services’s dividend payout ratio is 27.04%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on FIS. Stephens restated an “equal weight” rating and issued a $50.00 price target on shares of Fidelity National Information Services in a research note on Tuesday, August 11th. Oppenheimer dropped their price objective on Fidelity National Information Services from $69.00 to $62.00 in a research note on Friday, May 8th. Cantor Fitzgerald cut their price objective on Fidelity National Information Services from $55.00 to $50.00 and set an “overweight” rating for the company in a report on Monday, August 10th. Keefe, Bruyette & Woods decreased their target price on shares of 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. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on shares of Fidelity National Information Services from $55.00 to $50.00 in a report on Monday, May 11th. Ten equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $53.96.

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.