Meiji Yasuda Asset Management Co Ltd. Takes Position in Fidelity National Information Services, Inc. $FIS

Meiji Yasuda Asset Management Co Ltd. purchased a new position in Fidelity National Information Services, Inc. (NYSE:FIS) during the 2nd quarter, HoldingsChannel.com reports. The firm purchased 73,001 shares of the information technology services provider’s stock, valued at approximately $2,838,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. BlackRock Inc. purchased a new stake in Fidelity National Information Services in the second quarter worth $1,730,200,000. Norges Bank purchased a new stake in shares of Fidelity National Information Services during the fourth quarter valued at $495,956,000. OP Asset Management Ltd bought a new position in shares of Fidelity National Information Services in the first quarter worth about $2,509,000. South Dakota Investment Council increased its stake in Fidelity National Information Services by 46.2% in the 1st quarter. South Dakota Investment Council now owns 228,021 shares of the information technology services provider’s stock worth $10,696,000 after buying an additional 72,040 shares during the period. Finally, Brighton Jones LLC purchased a new position in Fidelity National Information Services in the 4th quarter worth about $347,000. 96.23% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on FIS shares. Truist Financial lowered their price objective on shares of Fidelity National Information Services from $45.00 to $43.00 and set a “hold” rating for the company in a research report on Friday, July 24th. Weiss Ratings lowered Fidelity National Information Services from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, August 11th. Cantor Fitzgerald dropped their price objective on Fidelity National Information Services from $55.00 to $50.00 and set an “overweight” rating on the stock in a research note on Monday, August 10th. Deutsche Bank Aktiengesellschaft reduced their price objective on Fidelity National Information Services from $55.00 to $50.00 in a report on Monday, May 11th. Finally, UBS Group reaffirmed a “neutral” rating and set a $49.00 target price (down from $63.00) on shares of Fidelity National Information Services in a research report on Wednesday, August 5th. Eleven investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, Fidelity National Information Services currently has an average rating of “Hold” and a consensus price target of $55.39.

Fidelity National Information Services Stock Up 0.2%

Shares of Fidelity National Information Services stock opened at $41.42 on Tuesday. Fidelity National Information Services, Inc. has a 52-week low of $37.42 and a 52-week high of $71.67. The company has a market cap of $21.41 billion, a P/E ratio of 6.36, a PEG ratio of 0.42 and a beta of 0.77. 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 firm’s 50 day moving average price is $41.47 and its 200-day moving average price is $44.65.

Fidelity National Information Services (NYSE:FIS) last released its earnings results on Tuesday, August 4th. The information technology services provider reported $1.48 EPS for the quarter, topping analysts’ consensus estimates of $1.47 by $0.01. The company had revenue of $3.38 billion during the quarter, compared to analysts’ expectations of $3.38 billion. Fidelity National Information Services had a net margin of 27.64% and a return on equity of 20.95%. Fidelity National Information Services’s revenue for the quarter was up 29.1% on a year-over-year basis. During the same period last year, the business earned $1.36 EPS. 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, sell-side analysts predict that Fidelity National Information Services, Inc. will post 6.19 EPS for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 11th will be issued a dividend of $0.44 per share. The ex-dividend date of this dividend is Friday, September 11th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 4.2%. Fidelity National Information Services’s payout ratio is 27.04%.

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.