Bank of Nova Scotia Invests $2.45 Million in Fidelity National Information Services, Inc. $FIS

Bank of Nova Scotia bought a new stake in Fidelity National Information Services, Inc. (NYSE:FIS) in the 2nd quarter, Holdings Channel reports. The firm bought 62,961 shares of the information technology services provider’s stock, valued at approximately $2,448,000.

Other institutional investors have also added to or reduced their stakes in the company. MBM Wealth Consultants LLC acquired a new stake in Fidelity National Information Services in the first quarter valued at $33,000. Reflection Asset Management acquired a new position in shares of Fidelity National Information Services during the 4th quarter worth about $34,000. Kemnay Advisory Services Inc. bought a new stake in shares of Fidelity National Information Services in the 4th quarter valued at about $42,000. DV Equities LLC acquired a new stake in Fidelity National Information Services in the 4th quarter valued at about $48,000. Finally, Hantz Financial Services Inc. lifted its stake in Fidelity National Information Services by 254.5% in the 4th quarter. Hantz Financial Services Inc. now owns 833 shares of the information technology services provider’s stock valued at $55,000 after purchasing an additional 598 shares during the last quarter. 96.23% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Weiss Ratings downgraded Fidelity National Information Services from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, August 11th. Stephens reaffirmed an “equal weight” rating and set a $50.00 price target on shares of Fidelity National Information Services in a report on Tuesday, August 11th. Keefe, Bruyette & Woods reduced their price objective on shares of Fidelity National Information Services from $60.00 to $56.00 and set an “outperform” rating for the company in a research report on Wednesday, August 5th. The Goldman Sachs Group decreased their price objective on shares of Fidelity National Information Services from $65.00 to $57.00 and set a “buy” rating on the stock in a report on Monday, May 11th. Finally, Citigroup dropped their price objective on shares of Fidelity National Information Services from $48.00 to $45.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 5th. Ten investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $53.96.

Fidelity National Information Services Stock Up 0.5%

Shares of FIS opened at $40.68 on Thursday. Fidelity National Information Services, Inc. has a one year low of $37.42 and a one year high of $70.78. The company has a market cap of $21.03 billion, a P/E ratio of 6.25, a P/E/G ratio of 0.42 and a beta of 0.77. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.53 and a quick ratio of 0.53. The firm has a 50 day simple moving average of $41.52 and a two-hundred day simple moving average of $44.50.

Fidelity National Information Services (NYSE:FIS) last issued its earnings results on Tuesday, August 4th. The information technology services provider reported $1.48 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $3.38 billion for the quarter, compared to the consensus estimate of $3.38 billion. During the same quarter last year, the business posted $1.36 EPS. The company’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. Research analysts forecast that Fidelity National Information Services, Inc. will post 6.19 EPS for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 11th will be paid a $0.44 dividend. The ex-dividend date of this dividend is Friday, September 11th. This represents a $1.76 annualized dividend and a yield of 4.3%. Fidelity National Information Services’s dividend payout ratio (DPR) is 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.