Ally Financial Inc. Invests $1.67 Million in Fidelity National Information Services, Inc. $FIS

Ally Financial Inc. acquired a new stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 43,000 shares of the information technology services provider's stock, valued at approximately $1,672,000.

Other hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in shares of Fidelity National Information Services in the 2nd quarter valued at approximately $1,730,200,000. Norges Bank purchased a new stake in shares of Fidelity National Information Services in the fourth quarter valued at approximately $495,956,000. OP Asset Management Ltd acquired a new position in Fidelity National Information Services during the first quarter worth $2,509,000. South Dakota Investment Council raised its position in Fidelity National Information Services by 46.2% in the first quarter. South Dakota Investment Council now owns 228,021 shares of the information technology services provider's stock worth $10,696,000 after acquiring an additional 72,040 shares in the last quarter. Finally, Brighton Jones LLC purchased a new position in Fidelity National Information Services in the fourth quarter worth $347,000. 96.23% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

FIS has been the topic of several recent analyst reports. 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 research report on Wednesday, August 5th. The Goldman Sachs Group reduced their price target on shares of Fidelity National Information Services from $65.00 to $57.00 and set a "buy" rating for the company in a research report on Monday, May 11th. Truist Financial lowered their price target on Fidelity National Information Services from $45.00 to $43.00 and set a "hold" rating on the stock in a report on Friday, July 24th. Morgan Stanley assumed coverage on Fidelity National Information Services in a research report on Tuesday, July 7th. They issued an "equal weight" rating and a $47.00 price target for the company. Finally, BNP Paribas Exane cut their price target on Fidelity National Information Services from $40.00 to $37.00 and set an "underperform" rating for the company in a research note on Thursday, May 14th. Eleven research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat, Fidelity National Information Services currently has a consensus rating of "Hold" and an average target price of $55.39.

Fidelity National Information Services Stock Performance

Shares of FIS opened at $41.36 on Monday. Fidelity National Information Services, Inc. has a 1 year low of $37.42 and a 1 year high of $71.90. The company's 50 day simple moving average is $41.42 and its 200 day simple moving average is $44.71. The company has a market capitalization of $21.38 billion, a price-to-earnings ratio of 6.35, a PEG ratio of 0.42 and a beta of 0.77. 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 (NYSE:FIS - Get Free Report) last issued its quarterly 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. Fidelity National Information Services had a return on equity of 20.95% and a net margin of 27.64%.The company had revenue of $3.38 billion for the quarter, compared to analyst estimates of $3.38 billion. During the same quarter in the prior year, the company posted $1.36 EPS. The business's revenue for the quarter 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. On average, sell-side analysts predict that Fidelity National Information Services, Inc. will post 6.19 EPS for the current year.

Fidelity National Information Services Announces Dividend

The business 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 dividend of $0.44 per share. The ex-dividend date of this dividend is Friday, September 11th. This represents a $1.76 dividend on an annualized basis and a yield of 4.3%. Fidelity National Information Services's dividend payout ratio (DPR) is currently 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.

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