Daiichi Life Insurance Co. Ltd. Invests $674,000 in Fidelity National Information Services, Inc. $FIS

Daiichi Life Insurance Co. Ltd. purchased a new stake in Fidelity National Information Services, Inc. (NYSE:FIS) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 17,340 shares of the information technology services provider’s stock, valued at approximately $674,000.

Several other hedge funds also recently modified their holdings of FIS. Brighton Jones LLC bought a new position in Fidelity National Information Services in the fourth quarter valued at approximately $347,000. Geneos Wealth Management Inc. raised its stake in shares of Fidelity National Information Services by 70.1% during the 1st 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 in the last quarter. Sivia Capital Partners LLC acquired a new stake in shares of Fidelity National Information Services in the 2nd quarter valued at approximately $302,000. Marshall Wace LLP acquired a new stake in shares of Fidelity National Information Services in the 2nd quarter valued at approximately $4,896,000. Finally, Cresset Asset Management LLC grew its stake in shares of Fidelity National Information Services by 20.5% in the second quarter. Cresset Asset Management LLC now owns 5,290 shares of the information technology services provider’s stock valued at $431,000 after buying an additional 901 shares in the last quarter. Institutional investors own 96.23% of the company’s stock.

Fidelity National Information Services Stock Up 0.2%

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

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings results on Tuesday, August 4th. The information technology services provider reported $1.48 EPS for the quarter, beating the consensus estimate of $1.47 by $0.01. Fidelity National Information Services had a net margin of 27.64% and a return on equity of 20.95%. The business had revenue of $3.38 billion for the quarter, compared to the consensus estimate of $3.38 billion. During the same period in the prior year, the company posted $1.36 earnings per share. Fidelity National Information Services’s revenue was up 29.1% compared to the same quarter last year. 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 analysts expect that Fidelity National Information Services, Inc. will post 6.19 EPS for the current year.

Fidelity National Information Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 11th will be given 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 payout ratio is presently 27.04%.

Analyst Ratings Changes

A number of brokerages have commented on FIS. Barclays cut their price target on shares of Fidelity National Information Services from $44.00 to $43.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 5th. UBS Group restated a “neutral” rating and issued a $49.00 price target (down from $63.00) on shares of Fidelity National Information Services in a research note on Wednesday, August 5th. Wells Fargo & Company dropped their price objective on shares of Fidelity National Information Services from $67.00 to $58.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 5th. Wall Street Zen cut shares of Fidelity National Information Services from a “buy” rating to a “hold” rating in a research note on Sunday, May 17th. Finally, Oppenheimer decreased their price target on shares of Fidelity National Information Services from $69.00 to $62.00 in a research note on Friday, May 8th. Eleven equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $55.39.

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.