AIA Group Ltd Grows Position in Fidelity National Information Services, Inc. $FIS

AIA Group Ltd raised its stake in Fidelity National Information Services, Inc. (NYSE:FIS) by 59.2% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 137,810 shares of the information technology services provider’s stock after acquiring an additional 51,256 shares during the quarter. AIA Group Ltd’s holdings in Fidelity National Information Services were worth $6,465,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Brighton Jones LLC acquired a new stake in shares of Fidelity National Information Services during the fourth quarter valued at $347,000. Geneos Wealth Management Inc. lifted its holdings in Fidelity National Information Services by 70.1% in 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 in the last quarter. Sivia Capital Partners LLC purchased a new position in Fidelity National Information Services in the 2nd quarter valued at about $302,000. Marshall Wace LLP purchased a new stake in shares of Fidelity National Information Services during the second quarter worth about $4,896,000. Finally, Cresset Asset Management LLC raised its position in shares of 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 valued at $431,000 after buying an additional 901 shares during the last quarter. 96.23% of the stock is currently owned by hedge funds and other institutional investors.

Fidelity National Information Services Price Performance

FIS opened at $41.82 on Monday. Fidelity National Information Services, Inc. has a 1 year low of $37.42 and a 1 year high of $82.62. The company’s 50 day simple moving average is $40.99 and its 200 day simple moving average is $48.22. The stock has a market capitalization of $21.62 billion, a PE ratio of 8.11, a P/E/G ratio of 0.41 and a beta of 0.80. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.59 and a current ratio of 0.59.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings results on Friday, May 8th. The information technology services provider reported $1.36 EPS for the quarter, topping the consensus estimate of $1.28 by $0.08. The firm had revenue of $3.29 billion during the quarter, compared to analyst estimates of $3.28 billion. Fidelity National Information Services had a net margin of 23.35% and a return on equity of 21.30%. Fidelity National Information Services’s revenue for the quarter was up 30.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.21 earnings per share. 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, sell-side analysts expect that Fidelity National Information Services, Inc. will post 6.28 EPS for the current year.

Fidelity National Information Services Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Cantor Fitzgerald reduced their price objective on shares of Fidelity National Information Services from $62.00 to $55.00 and set an “overweight” rating on the stock in a research note on Monday, May 11th. Morgan Stanley started coverage on Fidelity National Information Services in a report on Tuesday, July 7th. They issued an “equal weight” rating and a $47.00 price target for the company. Wall Street Zen lowered Fidelity National Information Services from a “buy” rating to a “hold” rating in a research note on Sunday, May 17th. Stephens decreased their price objective on Fidelity National Information Services from $85.00 to $65.00 and set an “overweight” rating on the stock in a report on Friday, May 8th. Finally, Oppenheimer lowered their price objective on Fidelity National Information Services from $69.00 to $62.00 in a research report on Friday, May 8th. Thirteen research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Fidelity National Information Services has a consensus rating of “Hold” and an average price target of $58.77.

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.