Legal & General Group Plc Raises Stock Position in Fidelity National Information Services, Inc. $FIS

Key Points

• Legal & General Group Plc raised its stake in Fidelity National Information Services by 0.6% to 3,702,445 shares (about $244.1 million), leaving it with a 0.71% holding; overall, institutions own roughly 96.23% of FIS.
• CEO Stephanie Ferris bought 19,846 shares (~$1.00M), a 7.59% increase in her stake, while insiders collectively own just 0.21% of the stock.
• FIS increased its quarterly dividend to $0.44 (annualized $1.76, ~3.6% yield), reported quarterly EPS of $1.68 (missing estimates by $0.01) with revenue up 8.2%, and analysts have trimmed price targets though the consensus rating is a Moderate Buy with an average target of $69.86.

Legal & General Group Plc lifted its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 0.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,702,445 shares of the information technology services provider's stock after acquiring an additional 22,097 shares during the quarter. Legal & General Group Plc owned 0.71% of Fidelity National Information Services worth $244,139,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Root Financial Partners LLC purchased a new position in shares of Fidelity National Information Services in the third quarter valued at $29,000. LRI Investments LLC boosted its position in shares of Fidelity National Information Services by 613.1% in the 3rd quarter. LRI Investments LLC now owns 435 shares of the information technology services provider's stock worth $29,000 after buying an additional 374 shares in the last quarter. Raiffeisen Bank International AG purchased a new stake in shares of Fidelity National Information Services in the 3rd quarter worth about $29,000. Steigerwald Gordon & Koch Inc. acquired a new stake in Fidelity National Information Services in the 3rd quarter valued at about $37,000. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new position in Fidelity National Information Services during the 3rd quarter valued at about $43,000. 96.23% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

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

Fidelity National Information Services Price Performance

Shares of NYSE FIS opened at $49.24 on Friday. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.65. Fidelity National Information Services, Inc. has a fifty-two week low of $46.16 and a fifty-two week high of $82.74. The business has a 50 day moving average price of $55.13 and a two-hundred day moving average price of $62.43. The firm has a market cap of $25.33 billion, a PE ratio of 67.45, a price-to-earnings-growth ratio of 0.49 and a beta of 0.90.

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 earnings per share (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 during the quarter, compared to analyst estimates of $2.74 billion. During the same period in the previous year, the company earned $1.40 earnings per share. The business's revenue for the quarter was up 8.2% on a year-over-year basis. 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. Sell-side analysts expect that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current fiscal year.

Fidelity National Information Services Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 24th. Shareholders of record on Tuesday, March 10th will be issued a dividend of $0.44 per share. The ex-dividend date of this dividend is Tuesday, March 10th. This represents a $1.76 annualized dividend and a yield of 3.6%. This is an increase from Fidelity National Information Services's previous quarterly dividend of $0.40. Fidelity National Information Services's dividend payout ratio (DPR) is 241.10%.

Analysts Set New Price Targets

FIS has been the topic of several recent research reports. Argus reduced their price target on shares of Fidelity National Information Services from $92.00 to $65.00 and set a "buy" rating on the stock in a report on Thursday, February 26th. Wells Fargo & Company dropped their price objective on shares of Fidelity National Information Services from $81.00 to $67.00 and set an "overweight" rating for the company in a research note on Wednesday, February 25th. Raymond James Financial cut their price objective on Fidelity National Information Services from $82.00 to $60.00 and set an "outperform" rating for the company in a research report on Wednesday, February 25th. Truist Financial lowered their target price on Fidelity National Information Services from $69.00 to $57.00 and set a "hold" rating on the stock in a report on Tuesday, March 3rd. Finally, Susquehanna dropped their price target on Fidelity National Information Services from $69.00 to $55.00 and set a "neutral" rating for the company in a research report on Wednesday, February 25th. Fourteen investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $69.86.

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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