VIRGINIA RETIREMENT SYSTEMS ET Al Buys New Stake in Fidelity National Information Services, Inc. $FIS

Key Points

• Virginia Retirement Systems bought 838,350 shares of Fidelity National Information Services, valued at approximately $32.6 million, giving it a 0.16% stake. Institutional investors collectively own 96.23% of FIS.
• Analyst sentiment is mixed, with 10 Buy, 12 Hold, and one Sell rating; the consensus rating is Hold with a $53.96 price target. Several firms recently lowered their targets.
• FIS slightly exceeded quarterly EPS expectations, reporting $1.48 versus $1.47 forecast, while revenue rose 29.1% year over year to $3.38 billion. The company also declared a quarterly dividend of $0.44, equivalent to a 4.2% annualized yield.

VIRGINIA RETIREMENT SYSTEMS ET Al bought 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 Form 13F filing with the SEC. The fund bought 838,350 shares of the information technology services provider's stock, valued at approximately $32,595,000. VIRGINIA RETIREMENT SYSTEMS ET Al owned about 0.16% of Fidelity National Information Services at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of FIS. Dodge & Cox boosted its stake in Fidelity National Information Services by 13.9% during the 4th quarter. Dodge & Cox now owns 49,113,297 shares of the information technology services provider's stock valued at $3,264,070,000 after purchasing an additional 6,008,090 shares during the period. BlackRock Inc. acquired a new stake in Fidelity National Information Services during the second quarter valued at approximately $1,730,200,000. California State Teachers Retirement System grew its position in Fidelity National Information Services by 3,634.9% in the second quarter. California State Teachers Retirement System now owns 33,481,706 shares of the information technology services provider's stock valued at $1,301,769,000 after acquiring an additional 32,585,246 shares during the period. Capital Research Global Investors grew its holdings in shares of Fidelity National Information Services by 0.6% in the 4th quarter. Capital Research Global Investors now owns 28,129,710 shares of the information technology services provider's stock worth $1,869,507,000 after purchasing an additional 172,356 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Fidelity National Information Services by 4.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 11,196,718 shares of the information technology services provider's stock worth $744,134,000 after buying an additional 514,490 shares in the last quarter. 96.23% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

FIS has been the subject of a number of research reports. Wells Fargo & Company restated an "equal weight" rating and issued a $46.00 target price (down from $58.00) on shares of Fidelity National Information Services in a research note on Tuesday, August 25th. BNP Paribas Exane cut their price target on Fidelity National Information Services from $40.00 to $37.00 and set an "underperform" rating on the stock in a research note on Thursday, May 14th. Cantor Fitzgerald reduced their price objective on shares of Fidelity National Information Services from $55.00 to $50.00 and set an "overweight" rating on the stock in a research note on Monday, August 10th. Deutsche Bank Aktiengesellschaft decreased their target price on Fidelity National Information Services from $55.00 to $50.00 in a research note on Monday, May 11th. Finally, National Bank Financial set a $50.00 price target on shares of Fidelity National Information Services in a research note on Monday, August 10th. Ten investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $53.96.

Fidelity National Information Services Stock Down 0.0%

FIS stock opened at $41.88 on Tuesday. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.53 and a quick ratio of 0.53. The stock has a market capitalization of $21.65 billion, a P/E ratio of 6.43, a P/E/G ratio of 0.44 and a beta of 0.79. The business has a 50-day moving average of $42.04 and a 200-day moving average of $44.09. Fidelity National Information Services, Inc. has a fifty-two week low of $37.42 and a fifty-two week high of $70.27.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last announced 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. The business had revenue of $3.38 billion for the quarter, compared to analyst estimates of $3.38 billion. Fidelity National Information Services had a return on equity of 20.95% and a net margin of 27.64%.Fidelity National Information Services's revenue for the quarter was up 29.1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.36 EPS. 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, sell-side analysts anticipate 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 disclosed a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 11th will be issued a $0.44 dividend. The ex-dividend date is Friday, September 11th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 4.2%. Fidelity National Information Services's dividend payout ratio (DPR) is 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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