14,469 Shares in Fidelity National Information Services, Inc. $FIS Purchased by ICONIQ Capital LLC

ICONIQ Capital LLC acquired a new position in Fidelity National Information Services, Inc. (NYSE:FIS) during the 2nd quarter, HoldingsChannel reports. The fund acquired 14,469 shares of the information technology services provider’s stock, valued at approximately $563,000.

Other hedge funds have also made changes to their positions in the company. Reflection Asset Management purchased a new stake in shares of Fidelity National Information Services during the fourth quarter worth approximately $34,000. Kemnay Advisory Services Inc. acquired a new stake in Fidelity National Information Services during the 4th quarter worth $42,000. MBM Wealth Consultants LLC acquired a new stake in shares of Fidelity National Information Services in the first quarter valued at about $33,000. DV Equities LLC purchased a new position in shares of Fidelity National Information Services in the fourth quarter worth about $48,000. Finally, Hantz Financial Services Inc. boosted its position in Fidelity National Information Services by 254.5% during the fourth quarter. Hantz Financial Services Inc. now owns 833 shares of the information technology services provider’s stock worth $55,000 after acquiring an additional 598 shares during the last quarter. Institutional investors and hedge funds own 96.23% of the company’s stock.

Analyst Upgrades and Downgrades

FIS has been the topic of a number of research reports. Royal Bank Of Canada decreased their target price on shares of Fidelity National Information Services from $57.00 to $53.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 5th. Weiss Ratings downgraded Fidelity National Information Services from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, August 11th. Wells Fargo & Company lowered their price objective on Fidelity National Information Services from $67.00 to $58.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 5th. Cantor Fitzgerald dropped their target price 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. Finally, Morgan Stanley initiated coverage on Fidelity National Information Services in a research note on Tuesday, July 7th. They issued an “equal weight” rating and a $47.00 target price for the company. Eleven equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Fidelity National Information Services presently has a consensus rating of “Hold” and a consensus target price of $55.39.

Fidelity National Information Services Price Performance

FIS stock opened at $41.36 on Monday. The business has a fifty day moving average of $41.42 and a two-hundred day moving average of $44.71. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.96. The stock has a market cap of $21.38 billion, a price-to-earnings ratio of 6.35, a price-to-earnings-growth ratio of 0.42 and a beta of 0.77. Fidelity National Information Services, Inc. has a 52-week low of $37.42 and a 52-week high of $71.90.

Fidelity National Information Services (NYSE:FIS) last announced 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 return on equity of 20.95% and a net margin of 27.64%.The business had revenue of $3.38 billion for the quarter, compared to analyst estimates of $3.38 billion. During the same quarter in the prior year, the company posted $1.36 EPS. The company’s quarterly revenue was up 29.1% on a year-over-year basis. 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. As a group, research analysts anticipate that Fidelity National Information Services, Inc. will post 6.19 earnings per share for the current year.

Fidelity National Information Services Announces Dividend

The business 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. The ex-dividend date of this dividend is Friday, September 11th. This represents a $1.76 dividend on an annualized basis and a yield of 4.3%. Fidelity National Information Services’s dividend payout ratio is presently 27.04%.

Fidelity National Information Services Company 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.