Cibc World Market Inc. Makes New Investment in Fidelity National Information Services, Inc. $FIS

Cibc World Market Inc. acquired a new stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 73,783 shares of the information technology services provider’s stock, valued at approximately $2,869,000.

Other hedge funds have also added to or reduced their stakes in the company. Reflection Asset Management bought a new position in shares of Fidelity National Information Services during the fourth quarter valued at approximately $34,000. Kemnay Advisory Services Inc. bought a new position in Fidelity National Information Services in the fourth quarter worth approximately $42,000. MBM Wealth Consultants LLC purchased a new stake in Fidelity National Information Services during the first quarter worth $33,000. DV Equities LLC bought a new stake in Fidelity National Information Services during the 4th quarter valued at $48,000. Finally, Hantz Financial Services Inc. increased its holdings in shares of Fidelity National Information Services by 254.5% in the 4th quarter. Hantz Financial Services Inc. now owns 833 shares of the information technology services provider’s stock valued at $55,000 after acquiring an additional 598 shares during the period. 96.23% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

FIS has been the subject of several recent research reports. Wolfe Research boosted their price target on Fidelity National Information Services from $53.00 to $54.00 and gave the stock an “outperform” rating in a research report on Tuesday. Deutsche Bank Aktiengesellschaft cut their target price on Fidelity National Information Services from $55.00 to $50.00 in a research note on Monday, May 11th. Barclays reduced their target price on shares of 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. TD Cowen lowered their price target on shares of Fidelity National Information Services from $58.00 to $53.00 and set a “buy” rating on the stock in a report on Wednesday. Finally, Citigroup reduced their price objective on shares of Fidelity National Information Services from $48.00 to $45.00 and set a “neutral” rating for the company in a research note on Wednesday, August 5th. Ten equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $53.96.

Fidelity National Information Services Trading Up 0.5%

NYSE FIS opened at $40.68 on Thursday. The company has a fifty day simple moving average of $41.52 and a two-hundred day simple moving average of $44.50. The stock has a market cap of $21.03 billion, a P/E ratio of 6.25, 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 $70.78. 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 (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, 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 firm had revenue of $3.38 billion for the quarter, compared to analyst estimates of $3.38 billion. During the same period in the previous year, the company earned $1.36 earnings per share. The business’s quarterly 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. On average, analysts forecast that Fidelity National Information Services, Inc. will post 6.19 earnings per share for the current year.

Fidelity National Information Services Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 11th will be paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 4.3%. The ex-dividend date is Friday, September 11th. Fidelity National Information Services’s payout ratio is presently 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.