North Reef Capital Management LP Takes $36.35 Million Position in Fidelity National Information Services, Inc. $FIS

North Reef Capital Management LP purchased a new stake in Fidelity National Information Services, Inc. (NYSE:FIS) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 775,000 shares of the information technology services provider’s stock, valued at approximately $36,355,000. Fidelity National Information Services makes up 1.3% of North Reef Capital Management LP’s investment portfolio, making the stock its 19th largest holding.

Several other large investors have also recently bought and sold shares of the company. Brighton Jones LLC bought a new position in Fidelity National Information Services in the fourth quarter valued at about $347,000. Geneos Wealth Management Inc. increased its position in Fidelity National Information Services by 70.1% in the first quarter. Geneos Wealth Management Inc. now owns 1,046 shares of the information technology services provider’s stock worth $78,000 after purchasing an additional 431 shares during the period. Sivia Capital Partners LLC bought a new stake in Fidelity National Information Services during the 2nd quarter worth about $302,000. Marshall Wace LLP acquired a new position in Fidelity National Information Services during the 2nd quarter valued at about $4,896,000. Finally, Cresset Asset Management LLC lifted its position in Fidelity National Information Services by 20.5% during the 2nd quarter. Cresset Asset Management LLC now owns 5,290 shares of the information technology services provider’s stock valued at $431,000 after purchasing an additional 901 shares during the period. Institutional investors and hedge funds own 96.23% of the company’s stock.

Fidelity National Information Services Stock Performance

Shares of FIS stock opened at $41.58 on Friday. The stock has a market cap of $21.49 billion, a PE ratio of 8.06, a price-to-earnings-growth ratio of 0.41 and a beta of 0.80. The stock has a 50-day moving average of $40.87 and a 200-day moving average of $47.47. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.59 and a quick ratio of 0.59. Fidelity National Information Services, Inc. has a one year low of $37.42 and a one year high of $82.62.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings data on Friday, May 8th. The information technology services provider reported $1.36 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.08. The business had revenue of $3.29 billion for 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%. Fidelity National Information Services’s quarterly revenue was up 30.1% compared to the same quarter last year. During the same quarter last year, the firm 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. As a group, sell-side analysts expect that Fidelity National Information Services, Inc. will post 6.28 earnings per share for the current year.

Fidelity National Information Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Thursday, June 11th were given a dividend of $0.44 per share. The ex-dividend date of this dividend was Thursday, June 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 currently 34.11%.

Analysts Set New Price Targets

FIS has been the subject of several analyst reports. Oppenheimer lowered their price target on shares of Fidelity National Information Services from $69.00 to $62.00 in a research report on Friday, May 8th. Weiss Ratings lowered shares of Fidelity National Information Services from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, July 9th. Morgan Stanley initiated coverage on shares of Fidelity National Information Services in a report on Tuesday, July 7th. They set an “equal weight” rating and a $47.00 target price for the company. The Goldman Sachs Group dropped their target price on shares of 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. Finally, Royal Bank Of Canada cut their price target on Fidelity National Information Services from $69.00 to $57.00 and set an “outperform” rating on the stock in a research note on Friday, May 8th. Thirteen equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $58.68.

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.