Empowered Funds LLC Takes Position in Fidelity National Information Services, Inc. $FIS

Empowered Funds LLC acquired a new stake in Fidelity National Information Services, Inc. (NYSE:FIS) in the 2nd quarter, HoldingsChannel.com reports. The firm acquired 77,587 shares of the information technology services provider’s stock, valued at approximately $3,017,000.

Several other hedge funds have also recently bought and sold shares of the business. United Capital Financial Advisors LLC bought a new position in Fidelity National Information Services during the second quarter valued at about $1,093,000. Jefferies Financial Group Inc. bought a new stake in shares of Fidelity National Information Services during the 2nd quarter worth about $7,292,000. Corient Private Wealth LP bought a new stake in shares of Fidelity National Information Services during the 2nd quarter worth about $1,008,000. Bank of America Corp DE acquired a new position in shares of Fidelity National Information Services during the 2nd quarter valued at about $189,387,000. Finally, Magnolia Capital Advisors LLC bought a new position in shares of Fidelity National Information Services in the 2nd quarter valued at approximately $1,181,000. 96.23% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently weighed in on FIS shares. TD Cowen reduced their target price on Fidelity National Information Services from $58.00 to $53.00 and set a “buy” rating for the company in a report on Wednesday, August 26th. Wells Fargo & Company reiterated an “equal weight” rating and set a $46.00 price target (down from $58.00) on shares of Fidelity National Information Services in a report on Tuesday, August 25th. The Goldman Sachs Group dropped their price target on shares of Fidelity National Information Services from $65.00 to $57.00 and set a “buy” rating on the stock in a research report on Monday, May 11th. Truist Financial reduced their price objective on shares of Fidelity National Information Services from $45.00 to $43.00 and set a “hold” rating for the company in a research note on Friday, July 24th. Finally, Wolfe Research upped their price objective on shares of Fidelity National Information Services from $53.00 to $54.00 and gave the stock an “outperform” rating in a report on Tuesday, August 25th. Ten research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Fidelity National Information Services presently has a consensus rating of “Hold” and a consensus target price of $53.96.

Fidelity National Information Services Price Performance

NYSE FIS opened at $41.97 on Thursday. Fidelity National Information Services, Inc. has a twelve month low of $37.42 and a twelve month high of $70.27. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.53 and a current ratio of 0.53. The stock has a market capitalization of $21.69 billion, a PE ratio of 6.45, a P/E/G ratio of 0.43 and a beta of 0.79. The stock has a 50-day simple moving average of $41.82 and a 200 day simple moving average of $44.19.

Fidelity National Information Services (NYSE:FIS) last released 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. 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 return on equity of 20.95% and a net margin of 27.64%.The company’s revenue was up 29.1% on a year-over-year basis. During the same quarter last 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. 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 firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 11th will be given a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend is Friday, September 11th. Fidelity National Information Services’s dividend payout ratio is currently 27.04%.

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.