Man Group plc Takes Position in Fidelity National Information Services, Inc. $FIS

Man Group plc purchased a new position in Fidelity National Information Services, Inc. (NYSE:FIS) in the 2nd quarter, HoldingsChannel.com reports. The firm purchased 1,329,730 shares of the information technology services provider’s stock, valued at approximately $51,700,000.

A number of other large investors have also added to or reduced their stakes in the stock. Brighton Jones LLC bought a new position in shares of Fidelity National Information Services during the fourth quarter valued at $347,000. Geneos Wealth Management Inc. grew its position in Fidelity National Information Services by 70.1% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,046 shares of the information technology services provider’s stock valued at $78,000 after purchasing an additional 431 shares during the last quarter. Sivia Capital Partners LLC purchased a new stake in Fidelity National Information Services during the 2nd quarter valued at about $302,000. Marshall Wace LLP bought a new stake in Fidelity National Information Services during the 2nd quarter valued at about $4,896,000. Finally, Cresset Asset Management LLC raised its holdings in Fidelity National Information Services by 20.5% in the second quarter. Cresset Asset Management LLC now owns 5,290 shares of the information technology services provider’s stock worth $431,000 after buying an additional 901 shares during the last quarter. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Fidelity National Information Services Trading Down 2.4%

Shares of FIS stock opened at $40.40 on Wednesday. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.96. Fidelity National Information Services, Inc. has a 12-month low of $37.42 and a 12-month high of $71.57. The stock has a market capitalization of $20.88 billion, a P/E ratio of 6.21, a P/E/G ratio of 0.42 and a beta of 0.77. The firm’s 50 day moving average is $41.48 and its 200 day moving average is $44.57.

Fidelity National Information Services (NYSE:FIS) last announced 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 net margin of 27.64% and a return on equity of 20.95%. The business had revenue of $3.38 billion during the quarter, compared to analyst estimates of $3.38 billion. During the same period in the previous year, the business earned $1.36 EPS. The company’s quarterly 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 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 firm also recently declared 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 is Friday, September 11th. This represents a $1.76 annualized dividend and a yield of 4.4%. Fidelity National Information Services’s dividend payout ratio (DPR) is presently 27.04%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on FIS shares. Wolfe Research upped their target price on shares of Fidelity National Information Services from $53.00 to $54.00 and gave the stock an “outperform” rating in a research note on Tuesday. BNP Paribas Exane reduced their price target on shares of Fidelity National Information Services from $40.00 to $37.00 and set an “underperform” rating for the company in a research report on Thursday, May 14th. Wall Street Zen lowered shares of Fidelity National Information Services from a “buy” rating to a “hold” rating in a report on Sunday, May 17th. Oppenheimer lowered their price objective on Fidelity National Information Services from $69.00 to $62.00 in a research report on Friday, May 8th. Finally, Barclays reduced their target price 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. Ten research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $54.17.

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.