Candriam S.C.A. Acquires 321,624 Shares of Fidelity National Information Services, Inc. $FIS

Candriam S.C.A. increased its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 593.8% in the first quarter, Holdings Channel reports. The institutional investor owned 375,784 shares of the information technology services provider’s stock after buying an additional 321,624 shares during the period. Candriam S.C.A.’s holdings in Fidelity National Information Services were worth $17,628,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Dodge & Cox lifted its position in shares of Fidelity National Information Services by 13.9% during the 4th quarter. Dodge & Cox now owns 49,113,297 shares of the information technology services provider’s stock valued at $3,264,070,000 after acquiring an additional 6,008,090 shares during the period. Capital Research Global Investors lifted its position in Fidelity National Information Services by 0.6% during the fourth quarter. Capital Research Global Investors now owns 28,129,710 shares of the information technology services provider’s stock worth $1,869,507,000 after purchasing an additional 172,356 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Fidelity National Information Services by 4.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 11,196,718 shares of the information technology services provider’s stock worth $744,134,000 after buying an additional 514,490 shares in the last quarter. Invesco Ltd. grew its stake in Fidelity National Information Services by 5.6% during the third 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 in the last quarter. Finally, Norges Bank acquired a new position in shares of Fidelity National Information Services in the 4th quarter valued at approximately $495,956,000. Institutional investors own 96.23% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on FIS. Oppenheimer reduced their target price on Fidelity National Information Services from $69.00 to $62.00 in a report on Friday, May 8th. Citigroup reduced their price target on shares of Fidelity National Information Services from $53.00 to $48.00 in a research note on Friday, May 8th. Barclays assumed coverage on shares of Fidelity National Information Services in a research note on Wednesday. They issued an “equal weight” rating and a $44.00 price objective for the company. Cantor Fitzgerald lowered their price target on shares of Fidelity National Information Services from $62.00 to $55.00 and set an “overweight” rating for the company in a report on Monday, May 11th. Finally, The Goldman Sachs Group reduced their price objective on Fidelity National Information Services from $65.00 to $57.00 and set a “buy” rating on the stock in a research report on Monday, May 11th. Thirteen research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $59.96.

Fidelity National Information Services Trading Up 0.9%

FIS traded up $0.38 during midday trading on Friday, hitting $41.99. 4,502,890 shares of the company were exchanged, compared to its average volume of 5,609,069. The firm’s 50 day moving average price is $41.43 and its 200-day moving average price is $49.25. Fidelity National Information Services, Inc. has a 1-year low of $37.42 and a 1-year high of $82.62. The firm has a market capitalization of $21.70 billion, a P/E ratio of 8.14, a P/E/G ratio of 0.41 and a beta of 0.80. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 1.05.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings data on Friday, May 8th. The information technology services provider reported $1.36 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.08. Fidelity National Information Services had a return on equity of 21.30% and a net margin of 23.35%.The company had revenue of $3.29 billion for the quarter, compared to analyst estimates of $3.28 billion. During the same period in the previous year, the firm earned $1.21 earnings per share. The firm’s quarterly revenue was up 30.1% on a year-over-year basis. 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. As a group, equities analysts forecast that Fidelity National Information Services, Inc. will post 6.28 EPS for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Thursday, June 11th were issued a $0.44 dividend. The ex-dividend date was Thursday, June 11th. This represents a $1.76 annualized dividend and a yield of 4.2%. Fidelity National Information Services’s payout ratio is presently 34.11%.

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.