Mangrove Partners IM LLC Purchases New Position in Fidelity National Information Services, Inc. $FIS

Mangrove Partners IM LLC acquired a new stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 507,387 shares of the information technology services provider’s stock, valued at approximately $33,721,000. Fidelity National Information Services comprises approximately 2.8% of Mangrove Partners IM LLC’s portfolio, making the stock its 14th largest position.

Other large investors have also bought and sold shares of the company. Salomon & Ludwin LLC boosted its position in Fidelity National Information Services by 100.5% during the 4th quarter. Salomon & Ludwin LLC now owns 387 shares of the information technology services provider’s stock valued at $26,000 after acquiring an additional 194 shares in the last quarter. Raiffeisen Bank International AG bought a new stake in Fidelity National Information Services during the 3rd quarter valued at approximately $29,000. GoalVest Advisory LLC bought a new stake in Fidelity National Information Services during the 4th quarter valued at approximately $33,000. Thurston Springer Miller Herd & Titak Inc. boosted its position in Fidelity National Information Services by 251.4% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 506 shares of the information technology services provider’s stock valued at $34,000 after acquiring an additional 362 shares in the last quarter. Finally, Hantz Financial Services Inc. boosted its position in Fidelity National Information Services by 254.5% during the 4th quarter. Hantz Financial Services Inc. now owns 833 shares of the information technology services provider’s stock valued at $55,000 after acquiring an additional 598 shares in the last quarter. 96.23% of the stock is owned by institutional investors.

Fidelity National Information Services Price Performance

Shares of FIS opened at $39.55 on Wednesday. The firm has a market cap of $20.44 billion, a PE ratio of 7.66, a P/E/G ratio of 0.38 and a beta of 0.79. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 1.05. The firm has a fifty day simple moving average of $43.92 and a two-hundred day simple moving average of $52.48. Fidelity National Information Services, Inc. has a 1-year low of $37.91 and a 1-year high of $82.74.

Fidelity National Information Services (NYSE:FIS) last announced its earnings results on Friday, May 8th. The information technology services provider reported $1.36 earnings per share for the quarter, beating analysts’ consensus estimates of $1.28 by $0.08. The business had revenue of $3.30 billion during the quarter, compared to analyst estimates of $3.28 billion. Fidelity National Information Services had a net margin of 23.35% and a return on equity of 21.30%. The company’s quarterly revenue was up 30.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.21 EPS. Fidelity National Information Services has set its FY 2026 guidance at 6.220-6.320 EPS and its Q2 2026 guidance at 1.450-1.490 EPS. On average, equities analysts anticipate that Fidelity National Information Services, Inc. will post 6.28 EPS for the current year.

Fidelity National Information Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Thursday, June 11th will be given a dividend of $0.44 per share. The ex-dividend date is Thursday, June 11th. This represents a $1.76 annualized dividend and a yield of 4.5%. Fidelity National Information Services’s payout ratio is 34.11%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on FIS shares. Argus cut their price objective on Fidelity National Information Services from $92.00 to $65.00 and set a “buy” rating on the stock in a research report on Thursday, February 26th. Oppenheimer dropped their price target on Fidelity National Information Services from $69.00 to $62.00 in a research report on Friday, May 8th. Stephens dropped their price target on Fidelity National Information Services from $85.00 to $65.00 and set an “overweight” rating on the stock in a research report on Friday, May 8th. TD Cowen dropped their price target on Fidelity National Information Services from $78.00 to $62.00 and set a “buy” rating on the stock in a research report on Tuesday, May 12th. Finally, Weiss Ratings raised Fidelity National Information Services from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, May 11th. Thirteen research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Fidelity National Information Services presently has a consensus rating of “Moderate Buy” and an average price target of $61.33.

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.