Advisors Capital Management LLC acquired a new stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 379,381 shares of the information technology services provider's stock, valued at approximately $14,750,000. Advisors Capital Management LLC owned approximately 0.07% of Fidelity National Information Services at the end of the most recent quarter.
Several other large investors also recently modified their holdings of the stock. Dodge & Cox increased its position in Fidelity National Information Services by 13.9% in the 4th quarter. Dodge & Cox now owns 49,113,297 shares of the information technology services provider's stock valued at $3,264,070,000 after acquiring an additional 6,008,090 shares in the last quarter. BlackRock Inc. acquired a new stake in shares of Fidelity National Information Services in the second quarter valued at approximately $1,730,200,000. Capital Research Global Investors raised its position in Fidelity National Information Services by 0.6% in the 4th quarter. Capital Research Global Investors now owns 28,129,710 shares of the information technology services provider's stock worth $1,869,507,000 after purchasing an additional 172,356 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Fidelity National Information Services by 4.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 11,196,718 shares of the information technology services provider's stock worth $744,134,000 after purchasing an additional 514,490 shares during the last quarter. Finally, Invesco Ltd. lifted its holdings in Fidelity National Information Services by 5.6% during the 3rd quarter. Invesco Ltd. now owns 8,515,321 shares of the information technology services provider's stock worth $561,500,000 after buying an additional 448,712 shares in the last quarter. 96.23% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Several equities research analysts have recently commented on FIS shares. Morgan Stanley initiated coverage on Fidelity National Information Services in a research note on Tuesday, July 7th. They issued an "equal weight" rating and a $47.00 target price for the company. Royal Bank Of Canada cut their price target on Fidelity National Information Services from $57.00 to $53.00 and set an "outperform" rating on the stock in a research note on Wednesday, August 5th. Citigroup decreased their price target on 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. Deutsche Bank Aktiengesellschaft dropped their price objective on Fidelity National Information Services from $55.00 to $50.00 in a report on Monday, May 11th. Finally, Wells Fargo & Company cut their target price on shares of Fidelity National Information Services from $67.00 to $58.00 and set an "overweight" rating on the stock in a research report on Wednesday, August 5th. Eleven investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat, Fidelity National Information Services has an average rating of "Hold" and a consensus price target of $55.39.
Check Out Our Latest Stock Report on FIS
Fidelity National Information Services Trading Down 0.2%
NYSE:FIS opened at $40.58 on Friday. The stock has a market capitalization of $20.97 billion, a PE ratio of 6.23, a price-to-earnings-growth ratio of 0.42 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 $71.90. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.53 and a quick ratio of 0.53. The business's 50-day simple moving average is $41.37 and its 200-day simple moving average is $44.82.
Fidelity National Information Services (NYSE:FIS - Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The information technology services provider reported $1.48 EPS for the quarter, topping the consensus estimate of $1.47 by $0.01. The firm had revenue of $3.38 billion for the quarter, compared to analysts' expectations 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% on a year-over-year basis. 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. Sell-side analysts expect that Fidelity National Information Services, Inc. will post 6.19 earnings per share for the current fiscal year.
Fidelity National Information Services Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 11th will be issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 4.3%. 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
(
Free Report)
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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