Marks Group Wealth Management Inc Buys 17,235 Shares of Fidelity National Information Services, Inc. $FIS

Marks Group Wealth Management Inc boosted its stake in Fidelity National Information Services, Inc. (NYSE:FIS) by 70.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 41,585 shares of the information technology services provider’s stock after purchasing an additional 17,235 shares during the quarter. Marks Group Wealth Management Inc’s holdings in Fidelity National Information Services were worth $1,951,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Salomon & Ludwin LLC raised its holdings in shares of Fidelity National Information Services by 100.5% during the fourth 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 during the period. GoalVest Advisory LLC acquired a new stake in shares of Fidelity National Information Services in the 4th quarter valued at about $33,000. MBM Wealth Consultants LLC bought a new stake in Fidelity National Information Services in the 1st quarter valued at about $33,000. Thurston Springer Miller Herd & Titak Inc. increased its position in Fidelity National Information Services by 251.4% in the 4th 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 in the last quarter. Finally, Reflection Asset Management acquired a new position in Fidelity National Information Services during the 4th quarter worth approximately $34,000. 96.23% of the stock is owned by institutional investors.

Fidelity National Information Services Price Performance

FIS stock opened at $42.55 on Friday. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.59 and a current ratio of 0.59. The business has a 50-day simple moving average of $41.03 and a two-hundred day simple moving average of $48.41. The company has a market capitalization of $21.99 billion, a P/E ratio of 8.25, a price-to-earnings-growth ratio of 0.40 and a beta of 0.80. Fidelity National Information Services, Inc. has a 52-week low of $37.42 and a 52-week high of $82.62.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings data on Friday, May 8th. The information technology services provider reported $1.36 EPS for the quarter, topping the consensus estimate of $1.28 by $0.08. The firm had revenue of $3.29 billion during the quarter, compared to the consensus estimate of $3.28 billion. Fidelity National Information Services had a return on equity of 21.30% and a net margin of 23.35%.The company’s quarterly revenue was up 30.1% compared to the same quarter last year. During the same period in the prior year, the business 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. Research analysts expect that Fidelity National Information Services, Inc. will post 6.28 EPS for the current fiscal year.

Fidelity National Information Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Thursday, June 11th were issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend was Thursday, June 11th. Fidelity National Information Services’s payout ratio is currently 34.11%.

Analysts Set New Price Targets

A number of equities research analysts have commented on FIS shares. Weiss Ratings cut Fidelity National Information Services from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, July 9th. Deutsche Bank Aktiengesellschaft lowered their target price on Fidelity National Information Services from $55.00 to $50.00 in a research report on Monday, May 11th. Stephens cut their target price on Fidelity National Information Services from $85.00 to $65.00 and set an “overweight” rating on the stock in a report on Friday, May 8th. Truist Financial reduced their price target on shares of Fidelity National Information Services from $50.00 to $45.00 and set a “hold” rating for the company in a research report on Thursday, May 28th. Finally, The Goldman Sachs Group decreased their price target on shares of Fidelity National Information Services from $65.00 to $57.00 and set a “buy” rating for the company in a research note on Monday, May 11th. Thirteen investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $58.77.

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.