Quantitative Investment Management LLC Increases Stock Holdings in Fidelity National Information Services, Inc. $FIS

Quantitative Investment Management LLC boosted its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 616.5% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 69,364 shares of the information technology services provider’s stock after buying an additional 59,683 shares during the quarter. Quantitative Investment Management LLC’s holdings in Fidelity National Information Services were worth $2,696,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FIS. BlackRock Inc. purchased a new stake in shares of Fidelity National Information Services during the second quarter worth about $1,730,200,000. Norges Bank purchased a new position in shares of Fidelity National Information Services in the 4th quarter valued at approximately $495,956,000. Dodge & Cox raised its position 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 during the last quarter. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in Fidelity National Information Services in the 2nd quarter worth approximately $219,162,000. Finally, Bank of America Corp DE purchased a new stake in Fidelity National Information Services during the 2nd quarter worth approximately $189,387,000. 96.23% of the stock is currently owned by hedge funds and other institutional investors.

Fidelity National Information Services Stock Up 0.0%

NYSE:FIS opened at $41.45 on Monday. 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 company’s fifty day moving average price is $41.64 and its 200-day moving average price is $44.35. Fidelity National Information Services, Inc. has a 1-year low of $37.42 and a 1-year high of $70.38. The firm has a market capitalization of $21.42 billion, a P/E ratio of 6.37, a PEG ratio of 0.43 and a beta of 0.77.

Fidelity National Information Services (NYSE:FIS) last posted its earnings results on Tuesday, August 4th. The information technology services provider reported $1.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $3.38 billion during the quarter, compared to the consensus estimate of $3.38 billion. During the same period in the previous year, the firm posted $1.36 earnings per share. The firm’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, equities research analysts anticipate that Fidelity National Information Services, Inc. will post 6.19 EPS for the current year.

Fidelity National Information Services Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 11th will be paid a $0.44 dividend. The ex-dividend date is Friday, September 11th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 4.2%. Fidelity National Information Services’s dividend payout ratio is presently 27.04%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on FIS. BNP Paribas Exane cut their price target 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. Wolfe Research boosted their price objective on shares of Fidelity National Information Services from $53.00 to $54.00 and gave the company an “outperform” rating in a report on Tuesday, August 25th. Stephens reissued an “equal weight” rating and issued a $50.00 target price on shares of Fidelity National Information Services in a research report on Tuesday, August 11th. 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. Finally, The Goldman Sachs Group dropped their price target on Fidelity National Information Services from $65.00 to $57.00 and set a “buy” rating on the stock in a research note on Monday, May 11th. Ten analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price 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.