Fidelity National Information Services, Inc. $FIS Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company lessened its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 7.4% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 270,192 shares of the information technology services provider’s stock after selling 21,455 shares during the period. The Manufacturers Life Insurance Company owned 0.05% of Fidelity National Information Services worth $12,675,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of FIS. Dodge & Cox increased its position in Fidelity National Information Services by 13.9% during the fourth quarter. Dodge & Cox now owns 49,113,297 shares of the information technology services provider’s stock worth $3,264,070,000 after purchasing an additional 6,008,090 shares during the last quarter. Capital Research Global Investors grew its stake 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 valued at $1,869,507,000 after buying an additional 172,356 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Fidelity National Information Services by 4.8% during the 4th 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 during the last quarter. Invesco Ltd. raised its position in shares of Fidelity National Information Services by 5.6% during the 3rd quarter. Invesco Ltd. now owns 8,515,321 shares of the information technology services provider’s stock valued at $561,500,000 after buying an additional 448,712 shares during the period. Finally, Norges Bank purchased a new stake in shares of Fidelity National Information Services during the 4th quarter valued at approximately $495,956,000. Institutional investors and hedge funds own 96.23% of the company’s stock.

Fidelity National Information Services Stock Up 0.1%

NYSE:FIS opened at $44.83 on Monday. Fidelity National Information Services, Inc. has a 52 week low of $37.42 and a 52 week high of $80.99. The stock’s fifty day moving average is $41.06 and its two-hundred day moving average is $46.57. The stock has a market capitalization of $23.17 billion, a price-to-earnings ratio of 8.69, a price-to-earnings-growth ratio of 0.44 and a beta of 0.77. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 1.05.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings data 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 $3.29 billion during the quarter, compared to analysts’ expectations of $3.28 billion. Fidelity National Information Services had a return on equity of 21.30% and a net margin of 23.35%.The company’s revenue was up 30.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.21 earnings per share. 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. Research analysts anticipate that Fidelity National Information Services, Inc. will post 6.27 EPS for the current year.

Fidelity National Information Services Dividend Announcement

The company also recently announced 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. This represents a $1.76 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend is Friday, September 11th. Fidelity National Information Services’s payout ratio is currently 34.11%.

Wall Street Analysts Forecast Growth

FIS has been the subject of several recent analyst reports. Citigroup cut their target price on Fidelity National Information Services from $53.00 to $48.00 in a research note on Friday, May 8th. Barclays started coverage on Fidelity National Information Services in a research note on Wednesday, July 8th. They issued an “equal weight” rating and a $44.00 price target on the stock. Oppenheimer cut their price objective on Fidelity National Information Services from $69.00 to $62.00 in a research report on Friday, May 8th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Fidelity National Information Services from $55.00 to $50.00 in a report on Monday, May 11th. Finally, Royal Bank Of Canada lowered their target price on shares of Fidelity National Information Services from $69.00 to $57.00 and set an “outperform” rating for the company in a research note on Friday, May 8th. Thirteen research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Fidelity National Information Services presently has an average rating of “Moderate Buy” and an average price target of $58.68.

About Fidelity National Information Services

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.