OLD National Bancorp IN Purchases 22,766 Shares of Fidelity National Information Services, Inc. $FIS

OLD National Bancorp IN increased its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 39.1% in the first quarter, Holdings Channel reports. The fund owned 80,942 shares of the information technology services provider’s stock after purchasing an additional 22,766 shares during the quarter. OLD National Bancorp IN’s holdings in Fidelity National Information Services were worth $3,797,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Salomon & Ludwin LLC raised its holdings in shares of Fidelity National Information Services by 100.5% in the 4th quarter. Salomon & Ludwin LLC now owns 387 shares of the information technology services provider’s stock valued at $26,000 after purchasing an additional 194 shares in the last quarter. GoalVest Advisory LLC bought a new position in shares of Fidelity National Information Services during the fourth quarter valued at approximately $33,000. MBM Wealth Consultants LLC bought a new position in shares of Fidelity National Information Services during the first quarter valued at approximately $33,000. Thurston Springer Miller Herd & Titak Inc. increased its holdings in Fidelity National Information Services by 251.4% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 506 shares of the information technology services provider’s stock valued at $34,000 after buying an additional 362 shares during the period. Finally, Reflection Asset Management bought a new position in Fidelity National Information Services in the fourth quarter worth approximately $34,000. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Fidelity National Information Services Price Performance

Shares of FIS opened at $38.74 on Friday. The company has a market cap of $20.02 billion, a price-to-earnings ratio of 7.51, a price-to-earnings-growth ratio of 0.37 and a beta of 0.78. Fidelity National Information Services, Inc. has a twelve month low of $37.42 and a twelve month high of $82.74. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 1.05. The company has a 50 day moving average of $42.64 and a two-hundred day moving average of $51.02.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings results on Friday, May 8th. The information technology services provider reported $1.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.08. The business had revenue of $3.29 billion for 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%. The business’s revenue for the quarter was up 30.1% on a year-over-year basis. During the same period in the previous year, the company earned $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, analysts predict 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 firm also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Thursday, June 11th were paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 4.5%. The ex-dividend date was Thursday, June 11th. Fidelity National Information Services’s payout ratio is 34.11%.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Keefe, Bruyette & Woods lowered their target price on Fidelity National Information Services from $72.00 to $68.00 and set an “outperform” rating for the company in a report on Tuesday, April 7th. Citigroup reduced their price target on Fidelity National Information Services from $53.00 to $48.00 in a research report on Friday, May 8th. Weiss Ratings upgraded Fidelity National Information Services from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, May 11th. UBS Group dropped their price objective on Fidelity National Information Services from $73.00 to $63.00 and set a “buy” rating on the stock in a research report on Monday, May 11th. Finally, TD Cowen cut their target price on Fidelity National Information Services from $78.00 to $62.00 and set a “buy” rating on the stock in a research note on Tuesday, May 12th. Thirteen analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Fidelity National Information Services presently has a consensus rating of “Moderate Buy” and an average price target of $61.33.

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.