The Manufacturers Life Insurance Company Decreases Position in Fidelity National Information Services, Inc. $FIS

The Manufacturers Life Insurance Company decreased its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 7.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 270,192 shares of the information technology services provider’s stock after selling 21,455 shares during the period. The Manufacturers Life Insurance Company’s holdings in Fidelity National Information Services were worth $12,675,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of FIS. Salomon & Ludwin LLC raised its stake in shares of Fidelity National Information Services by 100.5% in the fourth quarter. Salomon & Ludwin LLC now owns 387 shares of the information technology services provider’s stock valued at $26,000 after acquiring an additional 194 shares in the last quarter. MBM Wealth Consultants LLC acquired a new position in Fidelity National Information Services during the 1st quarter worth $33,000. Thurston Springer Miller Herd & Titak Inc. increased its holdings in Fidelity National Information Services by 251.4% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 506 shares of the information technology services provider’s stock worth $34,000 after purchasing an additional 362 shares during the period. Reflection Asset Management purchased a new stake in Fidelity National Information Services during the 4th quarter worth about $34,000. Finally, Kemnay Advisory Services Inc. acquired a new stake in Fidelity National Information Services in the 4th quarter valued at about $42,000. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Fidelity National Information Services Price Performance

FIS stock opened at $44.83 on Monday. The business has a 50 day moving average price of $41.06 and a 200 day moving average price of $46.57. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 1.05. The stock has a market cap of $23.17 billion, a price-to-earnings ratio of 8.69, a PEG ratio of 0.44 and a beta of 0.77. Fidelity National Information Services, Inc. has a fifty-two week low of $37.42 and a fifty-two week high of $80.99.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings results on Friday, May 8th. The information technology services provider reported $1.36 EPS for the quarter, beating the consensus estimate of $1.28 by $0.08. Fidelity National Information Services had a net margin of 23.35% and a return on equity of 21.30%. The company had revenue of $3.29 billion for the quarter, compared to analyst estimates of $3.28 billion. During the same period in the prior year, the firm posted $1.21 earnings per share. The firm’s revenue was up 30.1% on a year-over-year basis. 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. Equities research analysts anticipate that Fidelity National Information Services, Inc. will post 6.27 earnings per share for the current fiscal year.

Fidelity National Information Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 11th will be given a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend is Friday, September 11th. Fidelity National Information Services’s dividend payout ratio (DPR) is 34.11%.

Analysts Set New Price Targets

FIS has been the subject of several recent research reports. TD Cowen decreased their price objective on Fidelity National Information Services from $78.00 to $62.00 and set a “buy” rating for the company in a research note on Tuesday, May 12th. Wall Street Zen downgraded shares of Fidelity National Information Services from a “buy” rating to a “hold” rating in a research note on Sunday, May 17th. Stephens lowered their price target on shares of Fidelity National Information Services from $85.00 to $65.00 and set an “overweight” rating for the company in a report on Friday, May 8th. Truist Financial dropped their price objective on shares of Fidelity National Information Services from $45.00 to $43.00 and set a “hold” rating on the stock in a research report on Friday, July 24th. Finally, Barclays assumed coverage on shares of Fidelity National Information Services in a report on Wednesday, July 8th. They issued an “equal weight” rating and a $44.00 price objective on the stock. Thirteen equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $58.68.

About Fidelity National Information Services

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.