77,587 Shares in Fidelity National Information Services, Inc. $FIS Acquired by Empowered Funds LLC

Key Points

• Empowered Funds LLC acquired 77,587 FIS shares during the second quarter, valued at approximately $3.02 million. Institutional investors and hedge funds collectively own 96.23% of the company.
• Analyst sentiment remains mixed, with a consensus rating of “Hold” and an average price target of $53.96; several firms recently lowered their targets.
• FIS reported quarterly revenue of $3.38 billion and adjusted earnings of $1.48 per share, while declaring a $0.44 quarterly dividend, equivalent to a 4.2% annualized yield.

Empowered Funds LLC bought a new stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 77,587 shares of the information technology services provider's stock, valued at approximately $3,017,000.

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

Analyst Ratings Changes

FIS has been the subject of several recent analyst reports. Weiss Ratings raised Fidelity National Information Services from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Tuesday, August 25th. Royal Bank Of Canada decreased their price objective on Fidelity National Information Services from $57.00 to $53.00 and set an "outperform" rating for the company in a research report on Wednesday, August 5th. Stephens reaffirmed an "equal weight" rating and set a $50.00 target price on shares of Fidelity National Information Services in a research note on Tuesday, August 11th. UBS Group reiterated a "neutral" rating and issued a $49.00 target price (down from $63.00) on shares of Fidelity National Information Services in a report on Wednesday, August 5th. Finally, Barclays reduced 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. Ten research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Fidelity National Information Services has an average rating of "Hold" and a consensus price target of $53.96.

Fidelity National Information Services Price Performance

Shares of NYSE:FIS opened at $41.97 on Thursday. 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, Inc. has a 1 year low of $37.42 and a 1 year high of $70.27. The business has a fifty day simple moving average of $41.82 and a 200 day simple moving average of $44.19. The firm has a market cap of $21.69 billion, a price-to-earnings ratio of 6.45, a P/E/G ratio of 0.43 and a beta of 0.79.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last issued its earnings results on Tuesday, August 4th. The information technology services provider reported $1.48 EPS for the quarter, beating analysts' consensus estimates of $1.47 by $0.01. Fidelity National Information Services had a return on equity of 20.95% and a net margin of 27.64%.The firm had revenue of $3.38 billion for the quarter, compared to the consensus estimate of $3.38 billion. During the same quarter in the previous year, the company posted $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. As a group, sell-side analysts predict 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 company also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Investors 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 dividend yield of 4.2%. Fidelity National Information Services's payout ratio is presently 27.04%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source