Primecap Management Co. CA Buys New Holdings in Fidelity National Information Services, Inc. $FIS

Primecap Management Co. CA acquired a new stake in Fidelity National Information Services, Inc. (NYSE:FIS) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 100,910 shares of the information technology services provider’s stock, valued at approximately $3,923,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. BlackRock Inc. acquired a new stake in Fidelity National Information Services during the 2nd quarter worth approximately $1,730,200,000. Norges Bank acquired a new position in Fidelity National Information Services in the 4th quarter valued at $495,956,000. Dodge & Cox increased its position in Fidelity National Information Services by 13.9% during the 4th quarter. Dodge & Cox now owns 49,113,297 shares of the information technology services provider’s stock worth $3,264,070,000 after buying an additional 6,008,090 shares during the period. Barrow Hanley Mewhinney & Strauss LLC bought a new position in Fidelity National Information Services during the 2nd quarter worth $219,162,000. Finally, Legal & General Group Plc acquired a new stake in shares of Fidelity National Information Services during the second quarter worth $129,815,000. 96.23% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

FIS has been the subject of a number of recent research reports. Stephens reissued an “equal weight” rating and issued a $50.00 price objective on shares of Fidelity National Information Services in a report on Tuesday, August 11th. Citigroup lowered their target price on shares of Fidelity National Information Services from $48.00 to $45.00 and set a “neutral” rating on the stock in a report on Wednesday, August 5th. Barclays dropped their price target on shares of Fidelity National Information Services from $44.00 to $43.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 5th. Wolfe Research increased 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. Finally, Truist Financial lowered their price objective on Fidelity National Information Services from $45.00 to $43.00 and set a “hold” rating on the stock in a research note on Friday, July 24th. Ten analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Fidelity National Information Services has an average rating of “Hold” and an average target price of $53.96.

Fidelity National Information Services Stock Up 0.5%

Shares of FIS opened at $40.68 on Thursday. 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 $70.78. The stock has a market capitalization of $21.03 billion, a price-to-earnings ratio of 6.25, a PEG ratio of 0.42 and a beta of 0.77. The stock has a fifty day moving average of $41.52 and a 200-day moving average of $44.50.

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 for the quarter, topping analysts’ consensus estimates of $1.47 by $0.01. The firm had revenue of $3.38 billion for the quarter, compared to analyst estimates of $3.38 billion. Fidelity National Information Services had a net margin of 27.64% and a return on equity of 20.95%. The company’s revenue for the quarter was up 29.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.36 EPS. 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, sell-side analysts anticipate that Fidelity National Information Services, Inc. will post 6.19 earnings per share for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The firm 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 $0.44 dividend. The ex-dividend date of this dividend is Friday, September 11th. This represents a $1.76 annualized dividend and a yield of 4.3%. Fidelity National Information Services’s payout ratio is 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.