Korea Investment CORP Invests $10.86 Million in Fidelity National Information Services, Inc. $FIS

Key Points

• Korea Investment CORP acquired 279,298 FIS shares worth approximately $10.86 million, giving it a 0.05% stake. Institutional investors collectively own 96.23% of the company.
• Analyst sentiment is mixed, with 11 Buy, 10 Hold and 2 Sell ratings. The consensus rating is Hold, with an average price target of $55.39.
• FIS exceeded quarterly EPS estimates by reporting $1.48 versus $1.47 expected, while revenue rose 29.1% year over year to $3.38 billion. The company also declared a quarterly dividend of $0.44, representing a 4.2% annualized yield.

Korea Investment CORP bought a new position in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 279,298 shares of the information technology services provider's stock, valued at approximately $10,859,000. Korea Investment CORP owned about 0.05% of Fidelity National Information Services at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Ieq Capital LLC bought a new position in Fidelity National Information Services during the second quarter worth $1,708,000. Callan Family Office LLC bought a new position in shares of Fidelity National Information Services in the second quarter valued at about $3,119,000. Heartland Advisors Inc. acquired a new stake in shares of Fidelity National Information Services during the 2nd quarter worth about $5,447,000. Allworth Financial LP bought a new stake in shares of Fidelity National Information Services during the 2nd quarter worth about $227,000. Finally, B. Metzler seel. Sohn & Co. AG bought a new stake in shares of Fidelity National Information Services during the 2nd quarter worth about $670,000. Institutional investors own 96.23% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on FIS shares. Royal Bank Of Canada lowered their price target on shares of Fidelity National Information Services from $57.00 to $53.00 and set an "outperform" rating on the stock in a report on Wednesday, August 5th. Wall Street Zen cut Fidelity National Information Services from a "buy" rating to a "hold" rating in a report on Sunday, May 17th. Barclays lowered 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. Cantor Fitzgerald dropped their price target on Fidelity National Information Services from $55.00 to $50.00 and set an "overweight" rating for the company in a report on Monday, August 10th. Finally, Oppenheimer reduced their price target on Fidelity National Information Services from $69.00 to $62.00 in a research note on Friday, May 8th. Eleven equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $55.39.

Fidelity National Information Services Stock Up 0.2%

Shares of FIS opened at $41.42 on Tuesday. The firm has a 50 day simple moving average of $41.47 and a two-hundred day simple moving average of $44.65. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.53 and a quick ratio of 0.53. Fidelity National Information Services, Inc. has a one year low of $37.42 and a one year high of $71.67. The company has a market cap of $21.41 billion, a P/E ratio of 6.36, a P/E/G ratio of 0.42 and a beta of 0.77.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last issued its quarterly earnings results 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. Fidelity National Information Services had a return on equity of 20.95% and a net margin of 27.64%.The company had revenue of $3.38 billion for the quarter, compared to analyst estimates of $3.38 billion. During the same quarter last year, the company posted $1.36 EPS. The company'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. Research analysts forecast that Fidelity National Information Services, Inc. will post 6.19 EPS for the current fiscal year.

Fidelity National Information Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Stockholders 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 dividend yield of 4.2%. The ex-dividend date is Friday, September 11th. Fidelity National Information Services's dividend payout ratio (DPR) is presently 27.04%.

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.

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