Prana Capital Management LP Has $39.98 Million Stake in Fidelity National Information Services, Inc. $FIS

Prana Capital Management LP raised its stake in Fidelity National Information Services, Inc. (NYSE:FIS) by 110.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 606,232 shares of the information technology services provider’s stock after acquiring an additional 318,030 shares during the period. Fidelity National Information Services comprises about 1.3% of Prana Capital Management LP’s investment portfolio, making the stock its 26th largest position. Prana Capital Management LP owned 0.12% of Fidelity National Information Services worth $39,975,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently bought and sold shares of the stock. AGF Management Ltd. bought a new position in Fidelity National Information Services during the 3rd quarter valued at about $3,096,000. Independent Advisor Alliance grew its stake in Fidelity National Information Services by 177.8% during the third quarter. Independent Advisor Alliance now owns 39,987 shares of the information technology services provider’s stock worth $2,637,000 after buying an additional 25,593 shares during the last quarter. Assetmark Inc. increased its holdings in shares of Fidelity National Information Services by 45.1% during the third quarter. Assetmark Inc. now owns 265,518 shares of the information technology services provider’s stock worth $17,508,000 after buying an additional 82,518 shares in the last quarter. LBP AM SA increased its holdings in shares of Fidelity National Information Services by 1,777.2% during the third quarter. LBP AM SA now owns 72,984 shares of the information technology services provider’s stock worth $4,813,000 after buying an additional 69,096 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Fidelity National Information Services in the second quarter valued at approximately $624,858,000. 96.23% of the stock is currently owned by institutional investors and hedge funds.

Fidelity National Information Services Stock Performance

Fidelity National Information Services stock opened at $50.26 on Wednesday. The company has a market cap of $25.85 billion, a PE ratio of 68.84, 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, Inc. has a 1 year low of $46.16 and a 1 year high of $82.74. The company’s 50-day moving average is $54.15 and its two-hundred day moving average is $61.90.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings results on Tuesday, February 24th. The information technology services provider reported $1.68 EPS for the quarter, missing the consensus estimate of $1.69 by ($0.01). Fidelity National Information Services had a return on equity of 21.21% and a net margin of 3.58%.The business had revenue of $2.81 billion for the quarter, compared to analyst estimates of $2.74 billion. During the same quarter in the prior year, the firm earned $1.40 EPS. The firm’s quarterly revenue was up 8.2% compared to the same quarter last year. 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. Equities analysts anticipate that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current year.

Fidelity National Information Services Increases Dividend

The firm also recently announced 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 annualized dividend and a dividend yield of 3.5%. The ex-dividend date is Tuesday, March 10th. This is a positive change from Fidelity National Information Services’s previous quarterly dividend of $0.40. Fidelity National Information Services’s dividend payout ratio is presently 241.10%.

Analyst Ratings Changes

A number of research firms recently commented on FIS. Cantor Fitzgerald initiated coverage on Fidelity National Information Services in a research report on Tuesday, January 27th. They set an “overweight” rating and a $72.00 price target on the stock. Argus cut their price objective on Fidelity National Information Services from $92.00 to $65.00 and set a “buy” rating for the company in a research report on Thursday, February 26th. UBS Group reduced their price objective on Fidelity National Information Services from $83.00 to $73.00 and set a “buy” rating on the stock in a research note on Wednesday, February 25th. Susquehanna lowered their target price on Fidelity National Information Services from $69.00 to $55.00 and set a “neutral” rating for the company in a research note on Wednesday, February 25th. Finally, Citigroup cut their price target on Fidelity National Information Services from $70.00 to $53.00 and set a “neutral” rating for the company in a report on Wednesday, February 25th. Fourteen investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $69.86.

Insiders Place Their Bets

In related news, Director Jeffrey A. Goldstein purchased 941 shares of the business’s stock in a transaction dated Thursday, January 15th. The shares were bought at an average price of $64.11 per share, with a total value of $60,327.51. Following the purchase, the director directly owned 14,529 shares in the company, valued at $931,454.19. This trade represents a 6.93% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, CEO Stephanie Ferris purchased 19,846 shares of Fidelity National Information Services stock in a transaction dated Thursday, March 5th. The stock was bought at an average price of $50.39 per share, for a total transaction of $1,000,039.94. Following the completion of the transaction, the chief executive officer directly owned 281,458 shares in the company, valued at $14,182,668.62. The trade was a 7.59% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 0.21% of the company’s stock.

Fidelity National Information Services 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.