Allstate Corp Buys 17,609 Shares of Fidelity National Information Services, Inc. $FIS

Allstate Corp lifted its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 90.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,039 shares of the information technology services provider’s stock after purchasing an additional 17,609 shares during the quarter. Allstate Corp’s holdings in Fidelity National Information Services were worth $2,462,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FIS. Dodge & Cox boosted its holdings in Fidelity National Information Services by 22.2% in the 3rd quarter. Dodge & Cox now owns 43,105,207 shares of the information technology services provider’s stock worth $2,842,357,000 after buying an additional 7,830,710 shares during the last quarter. Invesco Ltd. boosted its holdings in Fidelity National Information Services by 5.6% in the 3rd quarter. Invesco Ltd. now owns 8,515,321 shares of the information technology services provider’s stock worth $561,500,000 after buying an additional 448,712 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Fidelity National Information Services by 7.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 5,905,115 shares of the information technology services provider’s stock worth $389,372,000 after buying an additional 408,166 shares during the last quarter. Legal & General Group Plc boosted its holdings in Fidelity National Information Services by 0.6% in the 3rd quarter. Legal & General Group Plc now owns 3,702,445 shares of the information technology services provider’s stock worth $244,139,000 after buying an additional 22,097 shares during the last quarter. Finally, AQR Capital Management LLC boosted its holdings in Fidelity National Information Services by 71.7% in the 2nd quarter. AQR Capital Management LLC now owns 2,483,575 shares of the information technology services provider’s stock worth $201,294,000 after buying an additional 1,037,100 shares during the last quarter. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Insider Buying and Selling

In other Fidelity National Information Services news, CEO Stephanie Ferris acquired 19,846 shares of the firm’s stock in a transaction that occurred on Thursday, March 5th. The shares were purchased at an average cost of $50.39 per share, for a total transaction of $1,000,039.94. Following the completion of the acquisition, the chief executive officer owned 281,458 shares of the company’s stock, valued at approximately $14,182,668.62. The trade was a 7.59% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.28% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Susquehanna lowered their price objective on Fidelity National Information Services from $69.00 to $55.00 and set a “neutral” rating on the stock in a report on Wednesday, February 25th. TD Cowen lowered their price objective on Fidelity National Information Services from $78.00 to $62.00 and set a “buy” rating on the stock in a report on Tuesday, May 12th. Deutsche Bank Aktiengesellschaft lowered their price objective on Fidelity National Information Services from $55.00 to $50.00 in a report on Monday, May 11th. Wall Street Zen cut Fidelity National Information Services from a “buy” rating to a “hold” rating in a report on Sunday, May 17th. Finally, Truist Financial lowered their target price on Fidelity National Information Services from $50.00 to $45.00 and set a “hold” rating on the stock in a report on Thursday. Thirteen investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $61.33.

Fidelity National Information Services Trading Up 0.4%

Shares of Fidelity National Information Services stock opened at $42.20 on Friday. The stock has a market cap of $21.81 billion, a P/E ratio of 8.18, a P/E/G ratio of 0.41 and a beta of 0.82. The stock’s 50 day simple moving average is $45.80 and its 200-day simple moving average is $54.68. Fidelity National Information Services, Inc. has a 1-year low of $41.33 and a 1-year high of $82.74. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.59 and a quick ratio of 0.59.

Fidelity National Information Services (NYSE:FIS) last issued its earnings results on Friday, May 8th. The information technology services provider reported $1.36 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.08. The business had revenue of $3.30 billion for the quarter, compared to analysts’ expectations of $3.28 billion. Fidelity National Information Services had a return on equity of 21.30% and a net margin of 23.35%.The business’s revenue for the quarter was up 30.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.21 EPS. Fidelity National Information Services has set its FY 2026 guidance at 6.220-6.320 EPS and its Q2 2026 guidance at 1.450-1.490 EPS. Analysts predict that Fidelity National Information Services, Inc. will post 6.28 EPS for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Thursday, June 11th will be issued a $0.44 dividend. The ex-dividend date is Thursday, June 11th. This represents a $1.76 dividend on an annualized basis and a yield of 4.2%. Fidelity National Information Services’s dividend payout ratio is currently 34.11%.

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.