BlackRock Inc. Acquires Shares of 44,501,041 Fidelity National Information Services, Inc. $FIS

Key Points

• BlackRock acquired 44.5 million FIS shares worth approximately $1.73 billion, giving it an 8.61% stake. Institutional investors and hedge funds collectively own 96.23% of the company.
• Analyst sentiment is mixed, with FIS carrying an overall “Hold” rating and an average price target of $55.39; recent actions included price-target cuts and downgrades, alongside several Buy ratings.
• FIS reported quarterly earnings of $1.48 per share on $3.38 billion in revenue, while revenue increased 29.1% year over year. The company also declared a quarterly dividend of $0.44 per share, equivalent to a 4.3% annualized yield.

BlackRock Inc. bought a new position in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 44,501,041 shares of the information technology services provider's stock, valued at approximately $1,730,200,000. BlackRock Inc. owned about 8.61% of Fidelity National Information Services at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Salomon & Ludwin LLC boosted its stake in Fidelity National Information Services by 100.5% during the 4th quarter. Salomon & Ludwin LLC now owns 387 shares of the information technology services provider's stock worth $26,000 after purchasing an additional 194 shares during the period. Reflection Asset Management acquired a new stake in shares of Fidelity National Information Services during the fourth quarter worth about $34,000. Kemnay Advisory Services Inc. acquired a new stake in shares of Fidelity National Information Services during the fourth quarter worth about $42,000. MBM Wealth Consultants LLC purchased a new position in shares of Fidelity National Information Services during the first quarter worth about $33,000. Finally, DV Equities LLC purchased a new position in shares of Fidelity National Information Services during the fourth quarter worth about $48,000. 96.23% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently commented on FIS. Morgan Stanley assumed coverage on Fidelity National Information Services in a research note on Tuesday, July 7th. They set an "equal weight" rating and a $47.00 price target for the company. 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. Weiss Ratings downgraded Fidelity National Information Services from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Tuesday, August 11th. Wall Street Zen cut Fidelity National Information Services from a "buy" rating to a "hold" rating in a report on Sunday, May 17th. Finally, TD Cowen decreased their target price on Fidelity National Information Services from $62.00 to $58.00 and set a "buy" rating on the stock in a research report on Wednesday, August 5th. Eleven equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $55.39.

Fidelity National Information Services Price Performance

FIS stock opened at $40.65 on Thursday. The stock's 50 day moving average price is $41.33 and its 200 day moving average price is $44.92. The firm has a market cap of $21.01 billion, a P/E ratio of 6.24, 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, Inc. has a 1 year low of $37.42 and a 1 year high of $71.90.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The information technology services provider reported $1.48 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $3.38 billion. During the same quarter last year, the business posted $1.36 earnings per share. Fidelity National Information Services's 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. On average, 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. Investors 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 annualized dividend and a dividend yield of 4.3%. Fidelity National Information Services's dividend 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.

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