North Dakota State Investment Board Acquires New Stake in Fidelity National Information Services, Inc. $FIS

North Dakota State Investment Board acquired a new stake in Fidelity National Information Services, Inc. (NYSE:FIS) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 18,062 shares of the information technology services provider’s stock, valued at approximately $1,200,000.

Several other institutional investors and hedge funds have also recently modified their holdings of FIS. Dodge & Cox grew its stake in Fidelity National Information Services by 22.2% during the 3rd quarter. Dodge & Cox now owns 43,105,207 shares of the information technology services provider’s stock worth $2,842,357,000 after purchasing an additional 7,830,710 shares in the last quarter. Invesco Ltd. grew its stake in 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 worth $561,500,000 after purchasing an additional 448,712 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Fidelity National Information Services by 7.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 5,905,115 shares of the information technology services provider’s stock worth $389,372,000 after purchasing an additional 408,166 shares in the last quarter. Legal & General Group Plc grew its stake in Fidelity National Information Services by 0.6% during the 3rd quarter. Legal & General Group Plc now owns 3,702,445 shares of the information technology services provider’s stock worth $244,139,000 after purchasing an additional 22,097 shares in the last quarter. Finally, AQR Capital Management LLC grew its stake in Fidelity National Information Services by 71.7% during the 2nd quarter. AQR Capital Management LLC now owns 2,483,575 shares of the information technology services provider’s stock worth $201,294,000 after purchasing an additional 1,037,100 shares in the last quarter. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on FIS. Deutsche Bank Aktiengesellschaft lowered their target price on Fidelity National Information Services from $55.00 to $50.00 in a research note on Monday, May 11th. BNP Paribas Exane lowered their target price on Fidelity National Information Services from $40.00 to $37.00 and set an “underperform” rating for the company in a research note on Thursday, May 14th. Citigroup lowered their target price on Fidelity National Information Services from $53.00 to $48.00 in a research note on Friday, May 8th. Cantor Fitzgerald lowered their target price on Fidelity National Information Services from $62.00 to $55.00 and set an “overweight” rating for the company in a research note on Monday, May 11th. Finally, JPMorgan Chase & Co. lowered their target price on Fidelity National Information Services from $80.00 to $65.00 and set an “overweight” rating for the company in a research note on Thursday, February 12th. Thirteen equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $61.57.

Fidelity National Information Services Trading Up 0.0%

NYSE:FIS opened at $43.37 on Wednesday. The stock has a 50-day simple moving average of $46.84 and a 200-day simple moving average of $55.69. The stock has a market cap of $22.42 billion, a P/E ratio of 8.41, a P/E/G ratio of 0.42 and a beta of 0.82. Fidelity National Information Services, Inc. has a 1 year low of $41.33 and a 1 year high of $82.74. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.59 and a current ratio of 0.59.

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 (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.08. The business had revenue of $3.30 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 business’s quarterly revenue was up 30.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $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, analysts anticipate that Fidelity National Information Services, Inc. will post 6.27 earnings per share for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The company 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 $0.44 dividend. The ex-dividend date of this dividend is Thursday, June 11th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 4.1%. Fidelity National Information Services’s dividend payout ratio is 34.11%.

Insider Activity

In other news, CEO Stephanie Ferris bought 19,846 shares of the firm’s stock in a transaction that occurred on Thursday, March 5th. The stock was purchased at an average cost of $50.39 per share, with a total value of $1,000,039.94. Following the transaction, the chief executive officer directly owned 281,458 shares in the company, valued at $14,182,668.62. This trade represents a 7.59% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.28% of the stock is currently owned by company insiders.

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.