Engineers Gate Manager LP Has $1.95 Million Position in Fidelity National Information Services, Inc. $FIS

Engineers Gate Manager LP cut its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 68.0% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 50,240 shares of the information technology services provider’s stock after selling 106,742 shares during the period. Engineers Gate Manager LP’s holdings in Fidelity National Information Services were worth $1,953,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. BlackRock Inc. acquired a new stake in shares of Fidelity National Information Services in the second quarter valued at about $1,730,200,000. Norges Bank bought a new stake in Fidelity National Information Services during the fourth quarter worth about $495,956,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in Fidelity National Information Services during the second quarter valued at approximately $219,162,000. Bank of America Corp DE acquired a new position in Fidelity National Information Services during the second quarter valued at approximately $189,387,000. Finally, Legal & General Group Plc bought a new position in Fidelity National Information Services in the second quarter valued at approximately $129,815,000. 96.23% of the stock is currently owned by institutional investors and hedge funds.

Fidelity National Information Services Stock Performance

FIS opened at $37.34 on Wednesday. Fidelity National Information Services, Inc. has a 12-month low of $37.28 and a 12-month high of $69.14. The stock has a market cap of $19.30 billion, a price-to-earnings ratio of 5.74, a PEG ratio of 0.40 and a beta of 0.79. The business has a 50 day moving average of $41.69 and a 200-day moving average of $43.66. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.96.

Fidelity National Information Services (NYSE:FIS) last posted its 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. 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 period in the previous year, the firm earned $1.36 EPS. The firm’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 research analysts expect that Fidelity National Information Services, Inc. will post 6.19 earnings per share for the current year.

Fidelity National Information Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 11th will be given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date of this dividend is Friday, September 11th. Fidelity National Information Services’s payout ratio is 27.04%.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Wolfe Research boosted their price target on Fidelity National Information Services from $53.00 to $54.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 25th. Barclays cut their price objective on Fidelity National Information Services from $44.00 to $43.00 and set an “equal weight” rating for the company in a report on Wednesday, August 5th. Morgan Stanley assumed coverage on shares of Fidelity National Information Services in a report on Tuesday, July 7th. They set an “equal weight” rating and a $47.00 target price on the stock. Royal Bank Of Canada dropped their price target on shares of Fidelity National Information Services from $57.00 to $53.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 5th. Finally, Keefe, Bruyette & Woods cut their price target on shares of Fidelity National Information Services from $60.00 to $56.00 and set an “outperform” rating for the company in a research note on Wednesday, August 5th. Ten analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Fidelity National Information Services has a consensus rating of “Hold” and a consensus price target of $53.46.

About Fidelity National Information Services

Fidelity National Information Services, Inc (NYSE:FIS) is a global financial technology company that provides software, services and technology solutions to banks, credit unions, wealth management firms, capital markets institutions and other financial organizations. Its offerings support core banking, digital banking, payments processing, fraud prevention, risk management, compliance, data analytics and customer engagement.

FIS provides platforms for account processing, transaction processing, lending, treasury management, card and payment operations, and investment management.