Mitsubishi UFJ Asset Management Co. Ltd. Invests $48.61 Million in Fidelity National Information Services, Inc. $FIS

Key Points

• Mitsubishi UFJ Asset Management acquired 1.25 million FIS shares worth approximately $48.6 million, giving it a 0.24% stake. Institutional investors collectively own 96.23% of the company.
• Analyst sentiment is mixed: FIS has a consensus “Hold” rating and an average price target of $55.39, while several firms recently lowered their targets and Weiss Ratings downgraded the stock to “sell.”
• FIS reported quarterly earnings of $1.48 per share, slightly above expectations, on $3.38 billion in revenue. The company also announced a quarterly dividend of $0.44 per share, representing a 4.3% annualized yield.

Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 1,250,333 shares of the information technology services provider's stock, valued at approximately $48,614,000. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.24% of Fidelity National Information Services as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Salomon & Ludwin LLC lifted its stake in Fidelity National Information Services by 100.5% during the fourth quarter. Salomon & Ludwin LLC now owns 387 shares of the information technology services provider's stock worth $26,000 after purchasing an additional 194 shares in the last quarter. MBM Wealth Consultants LLC acquired a new stake in shares of Fidelity National Information Services in the first quarter valued at $33,000. Reflection Asset Management purchased a new stake in shares of Fidelity National Information Services in the 4th quarter valued at $34,000. Kemnay Advisory Services Inc. acquired a new position in Fidelity National Information Services during the 4th quarter worth about $42,000. Finally, DV Equities LLC acquired a new position in Fidelity National Information Services during the 4th quarter worth about $48,000. Hedge funds and other institutional investors own 96.23% of the company's stock.

Analysts Set New Price Targets

Several research firms have weighed in on FIS. The Goldman Sachs Group dropped their target price on Fidelity National Information Services from $65.00 to $57.00 and set a "buy" rating for the company in a research report on Monday, May 11th. Royal Bank Of Canada dropped their price objective on shares of Fidelity National Information Services from $57.00 to $53.00 and set an "outperform" rating for the company in a report on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Fidelity National Information Services from $55.00 to $50.00 in a research note on Monday, May 11th. Citigroup reduced 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 report on Wednesday, August 5th. Finally, Weiss Ratings downgraded shares of Fidelity National Information Services from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Tuesday, August 11th. Eleven 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 stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $55.39.

Fidelity National Information Services Stock Performance

Shares of FIS opened at $40.65 on Thursday. The stock has a 50-day simple moving average of $41.33 and a 200-day simple moving average of $44.92. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.53 and a current ratio of 0.53. The stock has a market capitalization of $21.01 billion, a PE ratio of 6.24, a PEG ratio of 0.42 and a beta of 0.77. Fidelity National Information Services, Inc. has a 1 year low of $37.42 and a 1 year high of $71.90.

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 for the quarter, topping analysts' consensus estimates of $1.47 by $0.01. The firm had revenue of $3.38 billion for the quarter, compared to analyst estimates of $3.38 billion. Fidelity National Information Services had a net margin of 27.64% and a return on equity of 20.95%. The business's quarterly revenue was up 29.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $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. On average, analysts predict that Fidelity National Information Services, Inc. will post 6.19 earnings per share for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 11th will be given a $0.44 dividend. The ex-dividend date of this dividend is Friday, September 11th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 4.3%. Fidelity National Information Services's dividend payout ratio is currently 27.04%.

Fidelity National Information Services Company 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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