Diamond Hill Capital Management LLC Investment Advisor acquired a new position in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 685,810 shares of the information technology services provider's stock, valued at approximately $26,664,000. Diamond Hill Capital Management LLC Investment Advisor owned about 0.13% of Fidelity National Information Services as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of the company. Salomon & Ludwin LLC raised its holdings in Fidelity National Information Services by 100.5% in the fourth quarter. Salomon & Ludwin LLC now owns 387 shares of the information technology services provider's stock valued at $26,000 after buying an additional 194 shares during the period. Reflection Asset Management purchased a new stake in Fidelity National Information Services during the fourth quarter worth approximately $34,000. Kemnay Advisory Services Inc. purchased a new stake in Fidelity National Information Services during the fourth quarter worth approximately $42,000. MBM Wealth Consultants LLC acquired a new stake in shares of Fidelity National Information Services in the first quarter worth $33,000. Finally, DV Equities LLC purchased a new position in shares of Fidelity National Information Services in the 4th quarter valued at $48,000. Hedge funds and other institutional investors own 96.23% of the company's stock.
Analyst Upgrades and Downgrades
A number of brokerages recently weighed in on FIS. UBS Group reaffirmed a "neutral" rating and set a $49.00 price target (down from $63.00) on shares of Fidelity National Information Services in a research report on Wednesday, August 5th. 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 target price on the stock. TD Cowen reduced their price target on shares of 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. Barclays lowered their price objective on Fidelity National Information Services from $44.00 to $43.00 and set an "equal weight" rating for the company in a report on Wednesday, August 5th. Finally, Citigroup cut their price objective on Fidelity National Information Services from $48.00 to $45.00 and set a "neutral" rating on the stock in a research note on Wednesday, August 5th. Eleven research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Fidelity National Information Services presently has a consensus rating of "Hold" and an average price target of $55.39.
Check Out Our Latest Analysis on Fidelity National Information Services
Fidelity National Information Services Stock Performance
Shares of NYSE FIS opened at $42.91 on Monday. The stock has a market capitalization of $22.18 billion, a P/E ratio of 6.59, a P/E/G ratio of 0.44 and a beta of 0.77. Fidelity National Information Services, Inc. has a 52-week low of $37.42 and a 52-week high of $71.99. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.96. The firm's 50-day moving average price is $41.24 and its two-hundred day moving average price is $45.25.
Fidelity National Information Services (NYSE:FIS - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The information technology services provider reported $1.48 earnings per share (EPS) for the quarter, beating 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 business had revenue of $3.38 billion during the quarter, compared to analyst estimates of $3.38 billion. During the same quarter in the previous year, the firm 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. As a group, sell-side analysts forecast that Fidelity National Information Services, Inc. will post 6.19 earnings per share for the current year.
Fidelity National Information Services Dividend Announcement
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 issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend is Friday, September 11th. Fidelity National Information Services's dividend payout ratio (DPR) is 27.04%.
About Fidelity National Information Services
(
Free Report)
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.
Featured Articles
Want to see what other hedge funds are holding FIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fidelity National Information Services, Inc. (NYSE:FIS - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider Fidelity National Information Services, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Fidelity National Information Services wasn't on the list.
While Fidelity National Information Services currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Tesla, Nvidia, and Google helped shape the last era of market growth, but the next wave could come from a new group of companies. Inside this report, you’ll find 7 stocks that could play a major role in the next tech-driven market boom.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
