Dodge & Cox Increases Stake in Fidelity National Information Services, Inc. $FIS

Key Points

• Dodge & Cox boosted its stake in Fidelity National Information Services by 22.2% in Q3 to 43,105,207 shares (8.32% of FIS) — institutional investors now own about 96.23% of the company.
• Analysts have cut several price targets recently, but the consensus rating remains a Moderate Buy with an average target of $69.86.
• FIS reported Q results with EPS of $1.68 (missed by $0.01) and revenue up 8.2%, set FY2026 guidance of 6.22–6.32 EPS, and raised its quarterly dividend to $0.44 (≈3.5% yield).

Dodge & Cox lifted its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 22.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 43,105,207 shares of the information technology services provider's stock after purchasing an additional 7,830,710 shares during the period. Fidelity National Information Services comprises about 1.5% of Dodge & Cox's investment portfolio, making the stock its 25th biggest position. Dodge & Cox owned 8.32% of Fidelity National Information Services worth $2,842,357,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in FIS. AGF Management Ltd. purchased a new position in shares of Fidelity National Information Services in the third quarter worth about $3,096,000. Independent Advisor Alliance boosted its holdings in Fidelity National Information Services by 177.8% during the 3rd quarter. Independent Advisor Alliance now owns 39,987 shares of the information technology services provider's stock valued at $2,637,000 after acquiring an additional 25,593 shares during the period. Assetmark Inc. grew its position in Fidelity National Information Services by 45.1% during the 3rd quarter. Assetmark Inc. now owns 265,518 shares of the information technology services provider's stock worth $17,508,000 after acquiring an additional 82,518 shares during the last quarter. LBP AM SA increased its stake in Fidelity National Information Services by 1,777.2% in the 3rd quarter. LBP AM SA now owns 72,984 shares of the information technology services provider's stock worth $4,813,000 after purchasing an additional 69,096 shares during the period. Finally, Norges Bank purchased a new position in Fidelity National Information Services in the 2nd quarter worth approximately $624,858,000. Hedge funds and other institutional investors own 96.23% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on FIS. BNP Paribas Exane dropped their price objective on Fidelity National Information Services from $60.00 to $55.00 and set an "underperform" rating for the company in a research note on Tuesday, January 20th. Argus decreased their target price on shares of Fidelity National Information Services from $92.00 to $65.00 and set a "buy" rating on the stock in a research note on Thursday, February 26th. UBS Group lowered their price target on shares of Fidelity National Information Services from $83.00 to $73.00 and set a "buy" rating for the company in a report on Wednesday, February 25th. Citigroup dropped their price target on shares of Fidelity National Information Services from $70.00 to $53.00 and set a "neutral" rating for the company in a research report on Wednesday, February 25th. Finally, Keefe, Bruyette & Woods decreased their price objective on shares of Fidelity National Information Services from $85.00 to $72.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 25th. Fourteen equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Fidelity National Information Services has an average rating of "Moderate Buy" and a consensus target price of $69.86.

Fidelity National Information Services Price Performance

Shares of FIS stock opened at $49.69 on Friday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.59 and a current ratio of 0.59. Fidelity National Information Services, Inc. has a fifty-two week low of $46.16 and a fifty-two week high of $82.74. The firm has a market cap of $25.56 billion, a P/E ratio of 68.06, a P/E/G ratio of 0.48 and a beta of 0.90. The business's 50 day moving average price is $54.81 and its 200-day moving average price is $62.28.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last announced its earnings results on Tuesday, February 24th. The information technology services provider reported $1.68 EPS for the quarter, missing analysts' consensus estimates of $1.69 by ($0.01). Fidelity National Information Services had a net margin of 3.58% and a return on equity of 21.21%. The business had revenue of $2.81 billion for the quarter, compared to the consensus estimate of $2.74 billion. During the same quarter in the prior year, the company earned $1.40 EPS. Fidelity National Information Services's revenue was up 8.2% compared to the same quarter last year. Fidelity National Information Services has set its Q1 2026 guidance at 1.260-1.300 EPS and its FY 2026 guidance at 6.220-6.320 EPS. On average, equities research analysts anticipate that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current year.

Fidelity National Information Services Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 24th. Stockholders of record on Tuesday, March 10th will be given a $0.44 dividend. The ex-dividend date of this dividend is Tuesday, March 10th. This represents a $1.76 annualized dividend and a dividend yield of 3.5%. This is a positive change from Fidelity National Information Services's previous quarterly dividend of $0.40. Fidelity National Information Services's dividend payout ratio is 241.10%.

Insider Activity

In related news, CEO Stephanie Ferris purchased 19,846 shares of Fidelity National Information Services stock in a transaction that occurred on Thursday, March 5th. The shares were bought at an average price of $50.39 per share, for a total transaction of $1,000,039.94. Following the completion of the transaction, the chief executive officer directly owned 281,458 shares of the company's stock, valued at $14,182,668.62. This represents a 7.59% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Jeffrey A. Goldstein purchased 941 shares of the firm's stock in a transaction that occurred on Thursday, January 15th. The stock was bought at an average cost of $64.11 per share, with a total value of $60,327.51. Following the completion of the purchase, the director owned 14,529 shares of the company's stock, valued at $931,454.19. This represents a 6.93% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Company insiders own 0.21% of the company's stock.

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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