VIRGINIA RETIREMENT SYSTEMS ET Al Purchases 16,217 Shares of Fidelity National Information Services, Inc. $FIS

VIRGINIA RETIREMENT SYSTEMS ET Al raised its position in Fidelity National Information Services, Inc. (NYSE:FIS) by 1.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 854,567 shares of the information technology services provider’s stock after buying an additional 16,217 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Fidelity National Information Services were worth $28,115,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in Fidelity National Information Services in the second quarter valued at about $1,730,200,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in shares of Fidelity National Information Services in the 2nd quarter valued at approximately $219,162,000. Bank of America Corp DE acquired a new position in shares of Fidelity National Information Services in the 2nd quarter valued at approximately $189,387,000. Legal & General Group Plc purchased a new position in shares of Fidelity National Information Services during the 2nd quarter valued at approximately $129,815,000. Finally, Perpetual Ltd boosted its stake in shares of Fidelity National Information Services by 32.9% during the 3rd quarter. Perpetual Ltd now owns 3,262,131 shares of the information technology services provider’s stock valued at $107,324,000 after buying an additional 807,482 shares during the last quarter. 96.23% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey Goldstein acquired 1,585 shares of the stock in a transaction that occurred on Thursday, October 15th. The stock was acquired at an average price of $36.40 per share, with a total value of $57,694.00. Following the transaction, the director directly owned 18,697 shares in the company, valued at approximately $680,570.80. This represents a 9.26% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.28% of the company’s stock.

Fidelity National Information Services Stock Performance

Shares of FIS opened at $38.58 on Friday. The business’s fifty day moving average price is $36.98 and its 200 day moving average price is $43.89. Fidelity National Information Services, Inc. has a 12-month low of $32.10 and a 12-month high of $68.37. The stock has a market capitalization of $19.94 billion, a PE ratio of 5.93, a price-to-earnings-growth ratio of 0.45 and a beta of 0.81. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.53 and a quick ratio of 0.53.

Fidelity National Information Services (NYSE:FIS) last released its earnings results on Tuesday, August 4th. The information technology services provider reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.01. Fidelity National Information Services had a net margin of 27.64% and a return on equity of 20.95%. The firm had revenue of $3.38 billion during the quarter, compared to analyst estimates of $3.38 billion. During the same quarter in the previous year, the firm earned $1.36 earnings per share. The firm’s revenue for the quarter was up 29.1% compared to the same quarter last year. 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. Equities research analysts forecast that Fidelity National Information Services, Inc. will post 6.20 EPS for the current year.

Fidelity National Information Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 28th. Stockholders of record on Monday, December 14th will be issued a $0.44 dividend. The ex-dividend date of this dividend is Monday, December 14th. This represents a $1.76 annualized dividend and a dividend yield of 4.6%. Fidelity National Information Services’s payout ratio is 27.04%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Weiss Ratings lowered shares of Fidelity National Information Services from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, September 10th. Bank of America assumed coverage on shares of Fidelity National Information Services in a research report on Thursday, October 15th. They issued a “buy” rating and a $42.00 target price for the company. Robert W. Baird cut their target price on shares of Fidelity National Information Services from $48.00 to $45.00 and set a “neutral” rating on the stock in a research note on Friday, September 25th. Wells Fargo & Company downgraded Fidelity National Information Services from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $58.00 to $46.00 in a research note on Tuesday, August 25th. Finally, Wolfe Research upped their price objective on Fidelity National Information Services from $53.00 to $54.00 and gave the company an “outperform” rating in a research note on Tuesday, August 25th. Eleven investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $49.04.

Fidelity National Information Services Company Profile

Fidelity National Information Services, Inc (NYSE:FIS) is a global financial technology company that provides software, services and technology infrastructure to banks, financial institutions, merchants and other businesses. Its solutions are designed to support transaction processing, digital banking, payments, risk management and other essential financial operations.

FIS offers core banking and digital banking platforms, card and payment processing services, fraud and financial crime prevention tools, and technologies that help financial institutions manage accounts, lending and other banking activities.