Korea Investment CORP Invests $10.86 Million in Fidelity National Information Services, Inc. $FIS

Korea Investment CORP purchased a new stake in Fidelity National Information Services, Inc. (NYSE:FIS) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 279,298 shares of the information technology services provider’s stock, valued at approximately $10,859,000.

Several other hedge funds also recently modified their holdings of FIS. BlackRock Inc. bought a new stake in shares of Fidelity National Information Services during the second quarter worth about $1,730,200,000. Norges Bank bought a new position in Fidelity National Information Services in the 4th quarter valued at approximately $495,956,000. OP Asset Management Ltd acquired a new stake in Fidelity National Information Services during the 1st quarter worth approximately $2,509,000. South Dakota Investment Council boosted its position in Fidelity National Information Services by 46.2% during the 1st quarter. South Dakota Investment Council now owns 228,021 shares of the information technology services provider’s stock worth $10,696,000 after buying an additional 72,040 shares during the period. Finally, Brighton Jones LLC bought a new stake in Fidelity National Information Services during the 4th quarter worth approximately $347,000. Institutional investors and hedge funds own 96.23% of the company’s stock.

Wall Street Analyst Weigh In

FIS has been the subject of several recent research reports. Wells Fargo & Company dropped their price target on shares of Fidelity National Information Services from $67.00 to $58.00 and set an “overweight” rating for the company in a research note on Wednesday, August 5th. Morgan Stanley assumed coverage on shares of Fidelity National Information Services in a research note on Tuesday, July 7th. They issued an “equal weight” rating and a $47.00 price objective on the stock. Cantor Fitzgerald decreased their price objective on Fidelity National Information Services from $55.00 to $50.00 and set an “overweight” rating for the company in a report on Monday, August 10th. Citigroup lowered their target price on Fidelity National Information Services from $48.00 to $45.00 and set a “neutral” rating for the company in a research report on Wednesday, August 5th. Finally, UBS Group reiterated a “neutral” rating and issued a $49.00 price target (down from $63.00) on shares of Fidelity National Information Services in a research report on Wednesday, August 5th. Eleven analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $55.39.

Fidelity National Information Services Stock Performance

Shares of FIS opened at $41.42 on Tuesday. Fidelity National Information Services, Inc. has a one year low of $37.42 and a one year high of $71.67. The company has a market cap of $21.41 billion, a PE ratio of 6.36, a P/E/G ratio of 0.42 and a beta of 0.77. The stock has a 50-day moving average of $41.47 and a 200-day moving average of $44.65. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.53 and a quick ratio of 0.53.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly 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 business had revenue of $3.38 billion for the quarter, compared to the consensus estimate of $3.38 billion. Fidelity National Information Services had a return on equity of 20.95% and a net margin of 27.64%.The firm’s revenue for the quarter was up 29.1% on a year-over-year basis. During the same period in the prior year, the business 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, equities research analysts predict that Fidelity National Information Services, Inc. will post 6.19 EPS for the current fiscal year.

Fidelity National Information Services Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 11th will be issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date is Friday, September 11th. Fidelity National Information Services’s dividend payout ratio (DPR) is currently 27.04%.

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.