Commerce Bank Takes $1.78 Million Position in Fidelity National Information Services, Inc. $FIS

Commerce Bank acquired a new position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) in the second quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 45,751 shares of the information technology services provider’s stock, valued at approximately $1,779,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of FIS. Northwestern Mutual Wealth Management Co. acquired a new position in Fidelity National Information Services in the second quarter valued at about $587,000. Quantbot Technologies LP acquired a new stake in shares of Fidelity National Information Services during the second quarter valued at about $2,066,000. Evolve Private Wealth LLC acquired a new stake in shares of Fidelity National Information Services during the second quarter valued at about $218,000. Varma Mutual Pension Insurance Co purchased a new stake in shares of Fidelity National Information Services in the 2nd quarter valued at approximately $474,000. Finally, Westpac Banking Corp acquired a new position in shares of Fidelity National Information Services in the 2nd quarter worth approximately $157,000. 96.23% of the stock is currently owned by hedge funds and other institutional investors.

Fidelity National Information Services Trading Down 2.4%

NYSE:FIS opened at $40.40 on Wednesday. Fidelity National Information Services, Inc. has a 12-month low of $37.42 and a 12-month high of $71.57. The firm has a market cap of $20.88 billion, a PE ratio of 6.21, a price-to-earnings-growth ratio of 0.42 and a beta of 0.77. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.96. The stock has a fifty day moving average price of $41.48 and a 200 day moving average price of $44.57.

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

Fidelity National Information Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 11th will be paid a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date is Friday, September 11th. Fidelity National Information Services’s dividend payout ratio is presently 27.04%.

Analyst Upgrades and Downgrades

FIS has been the subject of several research reports. Oppenheimer dropped their target price on shares of Fidelity National Information Services from $69.00 to $62.00 in a report on Friday, May 8th. Citigroup decreased their price target on Fidelity National Information Services from $48.00 to $45.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 5th. TD Cowen lowered their price target on Fidelity National Information Services from $62.00 to $58.00 and set a “buy” rating for the company in a research report on Wednesday, August 5th. The Goldman Sachs Group dropped their price objective on Fidelity National Information Services from $65.00 to $57.00 and set a “buy” rating for the company in a research note on Monday, May 11th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on Fidelity National Information Services from $55.00 to $50.00 in a report on Monday, May 11th. Ten research 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’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $54.17.

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.