Bank of America Corp DE Purchases New Shares in Fidelity National Information Services, Inc. $FIS

Key Points

• Bank of America acquired 4.87 million FIS shares worth approximately $189.4 million, representing about 0.94% of the company. Institutional investors collectively own 96.23% of FIS.
• Analysts maintain a mixed outlook, with a consensus rating of “Hold” and an average price target of $53.46; recent target reductions and a Weiss Ratings downgrade to “Sell” add caution.
• FIS reported quarterly revenue of $3.38 billion and EPS of $1.48, slightly beating estimates, while revenue rose 29.1% year over year. The company also declared a quarterly dividend of $0.44, equivalent to a 4.8% annualized yield.

Bank of America Corp DE acquired a new stake in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 4,871,052 shares of the information technology services provider's stock, valued at approximately $189,387,000. Bank of America Corp DE owned approximately 0.94% of Fidelity National Information Services at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in Fidelity National Information Services in the 2nd quarter worth about $1,730,200,000. OP Asset Management Ltd acquired a new position in shares of Fidelity National Information Services during the 1st quarter worth approximately $2,509,000. Norges Bank acquired a new position in shares of Fidelity National Information Services during the 4th quarter worth approximately $495,956,000. South Dakota Investment Council increased its holdings in shares of Fidelity National Information Services by 46.2% during 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 purchasing an additional 72,040 shares during the period. Finally, OMERS ADMINISTRATION Corp acquired a new stake in shares of Fidelity National Information Services in the second quarter valued at approximately $10,891,000. Institutional investors own 96.23% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. National Bank Financial set a $50.00 price target on Fidelity National Information Services in a research note on Monday, August 10th. Weiss Ratings cut Fidelity National Information Services from a "hold (c-)" rating to a "sell (d+)" rating in a report on Thursday, September 10th. Stephens reiterated an "equal weight" rating and set a $50.00 target price on shares of Fidelity National Information Services in a research report on Tuesday, August 11th. Truist Financial reduced their target price 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. Finally, 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 research report on Wednesday, August 5th. Ten investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Fidelity National Information Services presently has a consensus rating of "Hold" and a consensus price target of $53.46.

Fidelity National Information Services Stock Performance

NYSE FIS opened at $36.44 on Friday. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.96. The firm has a market capitalization of $18.83 billion, a price-to-earnings ratio of 5.60, a P/E/G ratio of 0.38 and a beta of 0.79. The firm's 50 day simple moving average is $41.51 and its 200 day simple moving average is $43.46. Fidelity National Information Services, Inc. has a 1 year low of $36.22 and a 1 year high of $69.14.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The information technology services provider reported $1.48 EPS for the quarter, beating the consensus estimate of $1.47 by $0.01. Fidelity National Information Services had a net margin of 27.64% and a return on equity of 20.95%. The business had revenue of $3.38 billion during the quarter, compared to the consensus estimate of $3.38 billion. During the same period in the previous year, the business earned $1.36 earnings per share. The company's revenue was up 29.1% on a year-over-year basis. 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, research analysts expect that Fidelity National Information Services, Inc. will post 6.2 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. Stockholders of record on Friday, September 11th will be paid a $0.44 dividend. The ex-dividend date is Friday, September 11th. This represents a $1.76 annualized dividend and a dividend yield of 4.8%. Fidelity National Information Services's dividend payout ratio (DPR) is presently 27.04%.

About Fidelity National Information Services

Fidelity National Information Services, Inc NYSE: FIS is a global financial technology company that provides software, services and technology solutions to banks, credit unions, wealth management firms, capital markets institutions and other financial organizations. Its offerings support core banking, digital banking, payments processing, fraud prevention, risk management, compliance, data analytics and customer engagement.

FIS provides platforms for account processing, transaction processing, lending, treasury management, card and payment operations, and investment management.

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