Bank of New York Mellon Corp Takes $98.68 Million Position in Fidelity National Information Services, Inc. $FIS

Bank of New York Mellon Corp acquired a new position in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 2,538,024 shares of the information technology services provider's stock, valued at approximately $98,678,000. Bank of New York Mellon Corp owned 0.49% of Fidelity National Information Services as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Dodge & Cox grew its holdings 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 worth $3,264,070,000 after buying an additional 6,008,090 shares in the last quarter. Capital Research Global Investors raised its stake in Fidelity National Information Services by 0.6% during the 4th quarter. Capital Research Global Investors now owns 28,129,710 shares of the information technology services provider's stock valued at $1,869,507,000 after acquiring an additional 172,356 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Fidelity National Information Services by 4.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 11,196,718 shares of the information technology services provider's stock valued at $744,134,000 after acquiring an additional 514,490 shares in the last quarter. Invesco Ltd. boosted its position 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 acquiring an additional 448,712 shares during the period. Finally, Norges Bank acquired a new position in Fidelity National Information Services during the 4th quarter worth $495,956,000. 96.23% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

FIS has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Fidelity National Information Services from $55.00 to $50.00 in a research note on Monday, May 11th. Citigroup decreased their target price on shares of Fidelity National Information Services from $48.00 to $45.00 and set a "neutral" rating for the company in a research report on Wednesday, August 5th. Royal Bank Of Canada dropped their price target on shares of Fidelity National Information Services from $57.00 to $53.00 and set an "outperform" rating on the stock in a research report on Wednesday, August 5th. Stephens reaffirmed an "equal weight" rating and issued a $50.00 price target on shares of Fidelity National Information Services in a research note on Tuesday, August 11th. Finally, The Goldman Sachs Group decreased their price objective on shares of Fidelity National Information Services from $65.00 to $57.00 and set a "buy" rating for the company in a report on Monday, May 11th. Eleven analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Fidelity National Information Services presently has a consensus rating of "Hold" and a consensus price target of $55.39.

Fidelity National Information Services Trading Up 0.2%

Shares of FIS opened at $41.42 on Tuesday. 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 stock has a market capitalization of $21.41 billion, a P/E ratio of 6.36, a P/E/G ratio of 0.42 and a beta of 0.77. Fidelity National Information Services, Inc. has a 1-year low of $37.42 and a 1-year high of $71.67. The business's 50-day moving average price is $41.47 and its 200 day moving average price is $44.65.

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, topping analysts' consensus estimates of $1.47 by $0.01. The firm had revenue of $3.38 billion during 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 business's quarterly revenue was up 29.1% compared to the same quarter last year. During the same period last year, the company 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. Analysts expect that Fidelity National Information Services, Inc. will post 6.19 earnings per share for the current year.

Fidelity National Information Services Announces Dividend

The company also recently declared 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. The ex-dividend date of this dividend is Friday, September 11th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 4.2%. 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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