Deutsche Bank AG Invests $111.20 Million in Fidelity National Information Services, Inc. $FIS

Key Points

• Deutsche Bank acquired 2.86 million FIS shares worth approximately $111.2 million, giving it a 0.55% stake. Institutional investors and hedge funds collectively own 96.23% of the company.
• Analyst sentiment remains mixed, with an overall “Hold” rating and an average price target of $55.39; recent target prices ranged from $43 to $58.
• FIS slightly exceeded quarterly EPS expectations, reporting $1.48 versus $1.47 expected, while revenue reached $3.38 billion, up 29.1% year over year. The company also declared a $0.44 quarterly dividend, representing a 4.3% annualized yield.

Deutsche Bank AG purchased 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 13F filing with the SEC. The institutional investor purchased 2,860,206 shares of the information technology services provider's stock, valued at approximately $111,205,000. Deutsche Bank AG owned 0.55% of Fidelity National Information Services at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Dodge & Cox increased its position in shares of Fidelity National Information Services by 13.9% in the fourth quarter. Dodge & Cox now owns 49,113,297 shares of the information technology services provider's stock valued at $3,264,070,000 after buying an additional 6,008,090 shares in the last quarter. Capital Research Global Investors grew its stake 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 valued at $1,869,507,000 after acquiring an additional 172,356 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings 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. raised its position in Fidelity National Information Services by 5.6% during the third 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 last quarter. Finally, Norges Bank acquired a new position in Fidelity National Information Services during the fourth quarter worth about $495,956,000. 96.23% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

FIS has been the topic of several research reports. Stephens reiterated an "equal weight" rating and issued a $50.00 price target on shares of Fidelity National Information Services in a research report on Tuesday, August 11th. Barclays reduced their target price on Fidelity National Information Services from $44.00 to $43.00 and set an "equal weight" rating on the stock in a research note on Wednesday, August 5th. Truist Financial lowered 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. Royal Bank Of Canada dropped their price target on Fidelity National Information Services from $57.00 to $53.00 and set an "outperform" rating for the company in a research report on Wednesday, August 5th. Finally, TD Cowen cut their price target on Fidelity National Information Services from $62.00 to $58.00 and set a "buy" rating for the company in a report on Wednesday, August 5th. Eleven analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, Fidelity National Information Services presently has an average rating of "Hold" and an average target price of $55.39.

Fidelity National Information Services Stock Performance

NYSE:FIS opened at $40.65 on Thursday. The company has a market cap of $21.01 billion, a P/E ratio of 6.24, a P/E/G ratio of 0.42 and a beta of 0.77. The firm's 50 day moving average is $41.33 and its two-hundred day moving average is $44.92. 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 quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.96.

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 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.01. The company had revenue of $3.38 billion during 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 business's quarterly revenue was up 29.1% compared to the same quarter last year. During the same period in the previous year, the company earned $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 EPS for the current year.

Fidelity National Information Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 11th will be issued a $0.44 dividend. The ex-dividend date 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 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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