Arrowstreet Capital Limited Partnership Boosts Stake in Fidelity National Information Services, Inc. $FIS

Arrowstreet Capital Limited Partnership boosted its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 228.7% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,015,663 shares of the information technology services provider’s stock after acquiring an additional 2,098,139 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in Fidelity National Information Services were worth $141,465,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Dodge & Cox increased its stake in Fidelity National Information Services by 13.9% in 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 purchasing an additional 6,008,090 shares in the last quarter. Capital Research Global Investors raised its stake in shares of Fidelity National Information Services by 0.6% during the 4th 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 buying an additional 172,356 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Fidelity National Information Services by 4.8% during the 4th 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 during the last quarter. Invesco Ltd. boosted its position in shares of 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 in the last quarter. Finally, Norges Bank acquired a new stake in Fidelity National Information Services in the 4th quarter valued at about $495,956,000. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Wall Street Zen cut Fidelity National Information Services from a “buy” rating to a “hold” rating in a report on Sunday, May 17th. Keefe, Bruyette & Woods reduced their price target on Fidelity National Information Services from $72.00 to $68.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 7th. Cantor Fitzgerald lowered their price objective on Fidelity National Information Services from $62.00 to $55.00 and set an “overweight” rating for the company in a research report on Monday, May 11th. Oppenheimer dropped their target price on Fidelity National Information Services from $69.00 to $62.00 in a research note on Friday, May 8th. Finally, BNP Paribas Exane reduced their target price on Fidelity National Information Services from $40.00 to $37.00 and set an “underperform” rating on the stock in a research report on Thursday, May 14th. Thirteen equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $58.68.

Fidelity National Information Services Trading Up 3.9%

Shares of FIS opened at $41.58 on Friday. The stock’s 50-day moving average is $40.87 and its two-hundred day moving average is $47.47. The stock has a market cap of $21.49 billion, a PE ratio of 8.06, a P/E/G ratio of 0.41 and a beta of 0.80. Fidelity National Information Services, Inc. has a 12 month low of $37.42 and a 12 month high of $82.62. 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 posted its earnings results 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. The business had revenue of $3.29 billion for the quarter, compared to analysts’ expectations of $3.28 billion. Fidelity National Information Services had a net margin of 23.35% and a return on equity of 21.30%. 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 company 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. Equities analysts forecast that Fidelity National Information Services, Inc. will post 6.28 earnings per share for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The company also recently declared 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. The ex-dividend date of this dividend was Thursday, June 11th. This represents a $1.76 annualized dividend and a dividend yield of 4.2%. Fidelity National Information Services’s payout ratio is 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.