Fidelity National Information Services, Inc. $FIS Shares Bought by Assenagon Asset Management S.A.

Key Points

• Assenagon Asset Management increased its FIS stake by 2,590.5% in the second quarter, purchasing 282,649 additional shares to own 293,560 shares valued at approximately $11.4 million. Institutional investors collectively hold 96.23% of the company.
• FIS reported quarterly EPS of $1.48, slightly exceeding estimates, while revenue reached $3.38 billion, up 29.1% year over year. The company provided fiscal 2026 EPS guidance of $6.15–$6.24.
• FIS declared a quarterly dividend of $0.44, equivalent to an annualized $1.76 payout and a 4.1% yield. Analysts maintain an overall “Hold” rating, with an average price target of $56.04 versus the stock’s cited price of $42.50.

Assenagon Asset Management S.A. increased its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 2,590.5% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 293,560 shares of the information technology services provider's stock after buying an additional 282,649 shares during the quarter. Assenagon Asset Management S.A. owned about 0.06% of Fidelity National Information Services worth $11,414,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. Dynamic Advisor Solutions LLC grew its holdings in shares of Fidelity National Information Services by 4.8% during the second quarter. Dynamic Advisor Solutions LLC now owns 6,316 shares of the information technology services provider's stock worth $246,000 after buying an additional 290 shares during the last quarter. Versant Capital Management Inc raised its stake in Fidelity National Information Services by 63.0% during the 2nd quarter. Versant Capital Management Inc now owns 3,086 shares of the information technology services provider's stock valued at $120,000 after acquiring an additional 1,193 shares during the last quarter. CX Institutional lifted its position in Fidelity National Information Services by 32.3% during the 2nd quarter. CX Institutional now owns 8,412 shares of the information technology services provider's stock worth $327,000 after acquiring an additional 2,052 shares during the period. Pacer Advisors Inc. lifted its position in Fidelity National Information Services by 4.7% during the 1st quarter. Pacer Advisors Inc. now owns 43,479 shares of the information technology services provider's stock worth $2,040,000 after acquiring an additional 1,940 shares during the period. Finally, Southern Financial Group LLC grew its stake in shares of Fidelity National Information Services by 22.4% in the 1st quarter. Southern Financial Group LLC now owns 8,287 shares of the information technology services provider's stock valued at $389,000 after purchasing an additional 1,514 shares during the last quarter. Institutional investors and hedge funds own 96.23% of the company's stock.

Fidelity National Information Services Trading Down 0.6%

Fidelity National Information Services stock opened at $42.50 on Tuesday. The stock has a 50-day moving average price of $41.12 and a 200 day moving average price of $45.74. Fidelity National Information Services, Inc. has a 52 week low of $37.42 and a 52 week high of $72.91. The stock has a market cap of $21.97 billion, a PE ratio of 6.53, a P/E/G ratio of 0.42 and a beta of 0.77. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.96.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last released its earnings results 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 net margin of 27.64% and a return on equity of 20.95%. The company had revenue of $3.38 billion for the quarter, compared to analyst estimates of $3.38 billion. During the same period in the prior year, the firm earned $1.36 EPS. The firm's quarterly revenue was up 29.1% on a year-over-year basis. 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. Equities research analysts predict 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 firm also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 11th will be paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a 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 presently 27.04%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on FIS shares. Stephens dropped their price objective on shares of Fidelity National Information Services from $85.00 to $65.00 and set an "overweight" rating on the stock in a research note on Friday, May 8th. BNP Paribas Exane lowered their price objective on Fidelity National Information Services from $40.00 to $37.00 and set an "underperform" rating on the stock in a report on Thursday, May 14th. The Goldman Sachs Group dropped their target price on Fidelity National Information Services from $65.00 to $57.00 and set a "buy" rating on the stock in a research report on Monday, May 11th. TD Cowen cut their target price on Fidelity National Information Services from $62.00 to $58.00 and set a "buy" rating for the company in a research note on Wednesday, August 5th. Finally, Citigroup dropped their price objective on Fidelity National Information Services from $48.00 to $45.00 and set a "neutral" rating on the stock in a report on Wednesday, August 5th. Twelve investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $56.04.

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.

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.

Add As Preferred Source