Nordea Investment Management AB Boosts Holdings in Fidelity National Information Services, Inc. $FIS

Nordea Investment Management AB increased its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 15.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,440,210 shares of the information technology services provider’s stock after acquiring an additional 191,957 shares during the quarter. Nordea Investment Management AB’s holdings in Fidelity National Information Services were worth $96,048,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. Root Financial Partners LLC purchased a new position in shares of Fidelity National Information Services during the third quarter worth about $29,000. LRI Investments LLC lifted its holdings in shares of Fidelity National Information Services by 613.1% in the 3rd quarter. LRI Investments LLC now owns 435 shares of the information technology services provider’s stock valued at $29,000 after purchasing an additional 374 shares during the last quarter. Raiffeisen Bank International AG acquired a new stake in shares of Fidelity National Information Services in the 3rd quarter valued at about $29,000. GoalVest Advisory LLC acquired a new stake in shares of Fidelity National Information Services in the 4th quarter valued at about $33,000. Finally, Steigerwald Gordon & Koch Inc. purchased a new position in Fidelity National Information Services during the 3rd quarter worth approximately $37,000. Institutional investors and hedge funds own 96.23% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on FIS shares. The Goldman Sachs Group started coverage on Fidelity National Information Services in a research note on Monday, March 9th. They issued a “buy” rating and a $70.00 price objective for the company. Citigroup lowered their target price on shares of Fidelity National Information Services from $70.00 to $53.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 25th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $70.00 target price on shares of Fidelity National Information Services in a report on Thursday, January 15th. Argus decreased their price target on shares of Fidelity National Information Services from $92.00 to $65.00 and set a “buy” rating for the company in a research note on Thursday, February 26th. Finally, UBS Group lowered their price objective on shares of Fidelity National Information Services from $83.00 to $73.00 and set a “buy” rating on the stock in a research report on Wednesday, February 25th. Fourteen research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $69.86.

Insiders Place Their Bets

In other news, Director Jeffrey A. Goldstein bought 941 shares of Fidelity National Information Services stock in a transaction dated Thursday, January 15th. The stock was bought at an average price of $64.11 per share, for a total transaction of $60,327.51. Following the purchase, the director owned 14,529 shares of the company’s stock, valued at approximately $931,454.19. The trade was a 6.93% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Stephanie Ferris bought 19,846 shares of the stock in a transaction dated Thursday, March 5th. The stock was purchased at an average cost of $50.39 per share, for a total transaction of $1,000,039.94. Following the acquisition, the chief executive officer owned 281,458 shares of the company’s stock, valued at approximately $14,182,668.62. This represents a 7.59% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 0.21% of the stock is currently owned by corporate insiders.

Fidelity National Information Services Stock Up 1.1%

Fidelity National Information Services stock opened at $49.80 on Monday. The stock has a 50 day moving average of $53.10 and a two-hundred day moving average of $61.49. Fidelity National Information Services, Inc. has a twelve month low of $46.16 and a twelve month high of $82.74. The stock has a market capitalization of $25.62 billion, a price-to-earnings ratio of 68.22, a PEG ratio of 0.49 and a beta of 0.90. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.65.

Fidelity National Information Services (NYSE:FIS) last released its earnings results on Tuesday, February 24th. The information technology services provider reported $1.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.69 by ($0.01). Fidelity National Information Services had a net margin of 3.58% and a return on equity of 21.21%. The company had revenue of $2.81 billion during the quarter, compared to analyst estimates of $2.74 billion. During the same period in the previous year, the firm posted $1.40 EPS. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. Fidelity National Information Services has set its Q1 2026 guidance at 1.260-1.300 EPS and its FY 2026 guidance at 6.220-6.320 EPS. As a group, research analysts expect that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current year.

Fidelity National Information Services Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 24th. Shareholders of record on Tuesday, March 10th will be given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date is Tuesday, March 10th. This is an increase from Fidelity National Information Services’s previous quarterly dividend of $0.40. Fidelity National Information Services’s payout ratio is currently 241.10%.

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.