Varma Mutual Pension Insurance Co Makes New $474,000 Investment in Fidelity National Information Services, Inc. $FIS

Varma Mutual Pension Insurance Co purchased a new stake in Fidelity National Information Services, Inc. (NYSE:FIS) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 12,200 shares of the information technology services provider’s stock, valued at approximately $474,000.

Other hedge funds have also modified their holdings of the company. Westpac Banking Corp acquired a new position in Fidelity National Information Services in the second quarter valued at about $157,000. Korea Investment CORP acquired a new position in shares of Fidelity National Information Services in the 2nd quarter worth approximately $10,859,000. Ieq Capital LLC purchased a new position in shares of Fidelity National Information Services during the 2nd quarter worth approximately $1,708,000. Callan Family Office LLC purchased a new position in shares of Fidelity National Information Services during the 2nd quarter worth approximately $3,119,000. Finally, Heartland Advisors Inc. acquired a new stake in Fidelity National Information Services in the 2nd quarter valued at approximately $5,447,000. 96.23% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have commented on FIS shares. Truist Financial decreased their price target on Fidelity National Information Services from $45.00 to $43.00 and set a “hold” rating on the stock in a research note on Friday, July 24th. TD Cowen dropped their price objective on Fidelity National Information Services from $62.00 to $58.00 and set a “buy” rating for the company in a research note on Wednesday, August 5th. National Bank Financial set a $50.00 price objective on Fidelity National Information Services in a report on Monday, August 10th. Wells Fargo & Company lowered their target price on Fidelity National Information Services from $67.00 to $58.00 and set an “overweight” rating for the company in a report on Wednesday, August 5th. Finally, Keefe, Bruyette & Woods dropped their target price on Fidelity National Information Services from $60.00 to $56.00 and set an “outperform” rating for the company in a research report on Wednesday, August 5th. Eleven investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $55.39.

Fidelity National Information Services Stock Up 0.0%

FIS opened at $41.36 on Monday. The business’s 50-day simple moving average is $41.42 and its 200-day simple moving average is $44.71. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.53 and a current ratio of 0.53. Fidelity National Information Services, Inc. has a one year low of $37.42 and a one year high of $71.90. The stock has a market capitalization of $21.38 billion, a P/E ratio of 6.35, a price-to-earnings-growth ratio of 0.42 and a beta of 0.77.

Fidelity National Information Services (NYSE:FIS) last announced its earnings results on Tuesday, August 4th. The information technology services provider reported $1.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.47 by $0.01. The firm had revenue of $3.38 billion during the quarter, compared to analysts’ expectations of $3.38 billion. Fidelity National Information Services had a return on equity of 20.95% and a net margin of 27.64%.The business’s revenue was up 29.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.36 EPS. Fidelity National Information Services has set its FY 2026 guidance at 6.150-6.240 EPS and its Q3 2026 guidance at 1.580-1.620 EPS. Analysts anticipate that Fidelity National Information Services, Inc. will post 6.19 EPS for the current year.

Fidelity National Information Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 11th will be issued a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend is Friday, September 11th. Fidelity National Information Services’s dividend payout ratio is presently 27.04%.

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.