Swiss National Bank grew its position in Fidelity National Information Services, Inc. (NYSE:FIS – Free Report) by 6.1% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 1,519,746 shares of the information technology services provider’s stock after purchasing an additional 87,800 shares during the period. Swiss National Bank’s holdings in Fidelity National Information Services were worth $71,291,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Clear Trail Advisors LLC purchased a new position in shares of Fidelity National Information Services during the 4th quarter worth $2,590,000. SG Americas Securities LLC raised its holdings in Fidelity National Information Services by 702.1% in the 4th quarter. SG Americas Securities LLC now owns 576,026 shares of the information technology services provider’s stock valued at $38,283,000 after buying an additional 504,215 shares during the period. Norges Bank purchased a new stake in Fidelity National Information Services in the 4th quarter valued at about $495,956,000. OP Asset Management Ltd acquired a new position in Fidelity National Information Services in the first quarter valued at about $2,509,000. Finally, Brighton Jones LLC purchased a new position in Fidelity National Information Services during the fourth quarter worth about $347,000. Hedge funds and other institutional investors own 96.23% of the company’s stock.
Wall Street Analyst Weigh In
A number of brokerages have weighed in on FIS. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Fidelity National Information Services from $55.00 to $50.00 in a research report on Monday, May 11th. Weiss Ratings downgraded Fidelity National Information Services from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, July 9th. Morgan Stanley began coverage on Fidelity National Information Services in a research note on Tuesday, July 7th. They set an “equal weight” rating and a $47.00 target price for the company. The Goldman Sachs Group lowered their price target on Fidelity National Information Services from $65.00 to $57.00 and set a “buy” rating for the company in a report on Monday, May 11th. Finally, Oppenheimer dropped their price target on shares of Fidelity National Information Services from $69.00 to $62.00 in a research note on Friday, May 8th. Thirteen investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Fidelity National Information Services has a consensus rating of “Hold” and an average price target of $58.77.
Fidelity National Information Services Stock Performance
Shares of FIS stock opened at $41.47 on Wednesday. The stock’s 50-day moving average is $40.96 and its two-hundred day moving average is $47.87. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.59 and a current ratio of 0.59. Fidelity National Information Services, Inc. has a 1 year low of $37.42 and a 1 year high of $82.62. The firm has a market cap of $21.44 billion, a price-to-earnings ratio of 8.04, a PEG ratio of 0.41 and a beta of 0.80.
Fidelity National Information Services (NYSE:FIS – Get Free Report) last posted its earnings results on Friday, May 8th. The information technology services provider reported $1.36 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.08. The business had revenue of $3.29 billion during the quarter, compared to the consensus estimate of $3.28 billion. Fidelity National Information Services had a return on equity of 21.30% and a net margin of 23.35%.The business’s quarterly revenue was up 30.1% on a year-over-year basis. During the same period in the previous year, the business earned $1.21 EPS. Fidelity National Information Services has set its FY 2026 guidance at 6.220-6.320 EPS and its Q2 2026 guidance at 1.450-1.490 EPS. Analysts predict that Fidelity National Information Services, Inc. will post 6.28 earnings per share for the current year.
Fidelity National Information Services Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Thursday, June 11th were paid a $0.44 dividend. The ex-dividend date was Thursday, June 11th. This represents a $1.76 dividend on an annualized basis and a yield of 4.2%. Fidelity National Information Services’s payout ratio is currently 34.11%.
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.
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