Fidelity National Information Services, Inc. $FIS Stock Position Lifted by Perpetual Ltd

Key Points

• Perpetual Ltd increased its FIS stake by 32.9% in the third quarter, adding 807,482 shares to own 3.26 million shares valued at approximately $107.3 million. Institutional investors collectively hold 96.23% of FIS stock.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $52.28; recent target revisions generally ranged from $45 to $50.
• FIS reported quarterly EPS of $1.48, narrowly exceeding estimates, while revenue rose 29.1% year over year to $3.38 billion. The company also pays a $0.44 quarterly dividend, representing a 5.1% annualized yield.

Perpetual Ltd grew its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 32.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,262,131 shares of the information technology services provider's stock after acquiring an additional 807,482 shares during the quarter. Fidelity National Information Services accounts for approximately 1.7% of Perpetual Ltd's investment portfolio, making the stock its 17th largest position. Perpetual Ltd owned 0.63% of Fidelity National Information Services worth $107,324,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. MBM Wealth Consultants LLC acquired a new stake in shares of Fidelity National Information Services in the 1st quarter valued at approximately $33,000. Reflection Asset Management bought a new stake in shares of Fidelity National Information Services during the 4th quarter valued at approximately $34,000. Bank & Trust Co bought a new stake in shares of Fidelity National Information Services during the 3rd quarter valued at approximately $51,000. N.E.W. Advisory Services LLC acquired a new position in Fidelity National Information Services during the 2nd quarter worth approximately $58,000. Finally, Rexford Capital Inc. increased its position in Fidelity National Information Services by 16.1% during the 1st quarter. Rexford Capital Inc. now owns 1,656 shares of the information technology services provider's stock worth $78,000 after purchasing an additional 230 shares in the last quarter. Institutional investors and hedge funds own 96.23% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Morgan Stanley assumed coverage on shares of Fidelity National Information Services in a research note on Tuesday, July 7th. They issued an "equal weight" rating and a $47.00 price objective for the company. Citigroup decreased their target price on shares of 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. National Bank Financial set a $50.00 target price on shares of Fidelity National Information Services in a research note on Monday, August 10th. Stephens reiterated an "equal weight" rating and set a $50.00 price target on shares of Fidelity National Information Services in a report on Tuesday, August 11th. Finally, TD Cowen dropped their price target on Fidelity National Information Services from $53.00 to $47.00 and set a "buy" rating for the company in a research note on Friday. Ten analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $52.28.

Fidelity National Information Services Stock Performance

Shares of FIS stock opened at $34.24 on Tuesday. The firm has a market capitalization of $17.70 billion, a price-to-earnings ratio of 5.26, a PEG ratio of 0.36 and a beta of 0.81. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.96. The business's 50-day moving average price is $38.59 and its 200-day moving average price is $41.55. Fidelity National Information Services, Inc. has a 12 month low of $32.10 and a 12 month high of $68.98.

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 the consensus estimate of $1.47 by $0.01. The company had revenue of $3.38 billion during the quarter, compared to the consensus estimate of $3.38 billion. Fidelity National Information Services had a return on equity of 20.95% and a net margin of 27.64%. The firm's revenue was up 29.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.36 earnings per share. 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 forecast that Fidelity National Information Services, Inc. will post 6.20 EPS for the current year.

Fidelity National Information Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Friday, September 11th were given a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 5.1%. The ex-dividend date was Friday, September 11th. Fidelity National Information Services's dividend payout ratio is 27.04%.

Fidelity National Information Services Profile

Fidelity National Information Services, Inc NYSE: FIS is a global financial technology company that provides software, payments, and transaction-processing solutions to financial institutions, businesses, and other organizations. Its offerings help clients manage banking operations, digital accounts, payments, risk, compliance, and customer relationships.

FIS provides core processing and digital banking platforms, payment processing and merchant solutions, fraud and security tools, and technology for lending, wealth management, and capital markets.

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