Rakuten Investment Management Inc. Buys New Stake in Fidelity National Information Services, Inc. $FIS

Rakuten Investment Management Inc. purchased a new position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 84,399 shares of the information technology services provider’s stock, valued at approximately $3,265,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Dodge & Cox boosted its position in Fidelity National Information Services by 13.9% during the fourth quarter. Dodge & Cox now owns 49,113,297 shares of the information technology services provider’s stock worth $3,264,070,000 after purchasing an additional 6,008,090 shares in the last quarter. BlackRock Inc. purchased a new stake in shares of Fidelity National Information Services in the second quarter valued at approximately $1,730,200,000. Capital Research Global Investors raised its stake in shares of Fidelity National Information Services by 0.6% during the 4th quarter. Capital Research Global Investors now owns 28,129,710 shares of the information technology services provider’s stock worth $1,869,507,000 after buying an additional 172,356 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Fidelity National Information Services by 4.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 11,196,718 shares of the information technology services provider’s stock valued at $744,134,000 after buying an additional 514,490 shares in the last quarter. Finally, Invesco Ltd. grew its stake in Fidelity National Information Services by 5.6% in the 3rd quarter. Invesco Ltd. now owns 8,515,321 shares of the information technology services provider’s stock valued at $561,500,000 after acquiring an additional 448,712 shares during the period. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on FIS shares. Stephens reissued an “equal weight” rating and issued a $50.00 price target on shares of Fidelity National Information Services in a report on Tuesday, August 11th. Oppenheimer decreased their price objective on shares of Fidelity National Information Services from $69.00 to $62.00 in a report on Friday, May 8th. Keefe, Bruyette & Woods cut their target price on shares of Fidelity National Information Services from $60.00 to $56.00 and set an “outperform” rating for the company in a research note on Wednesday, August 5th. Citigroup reduced their price target on shares of Fidelity National Information Services from $48.00 to $45.00 and set a “neutral” rating for the company in a research report on Wednesday, August 5th. Finally, TD Cowen decreased their price target on shares of Fidelity National Information Services from $58.00 to $53.00 and set a “buy” rating on the stock in a research note on Wednesday, August 26th. Ten research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $53.96.

Fidelity National Information Services Stock Up 0.0%

Shares of FIS opened at $41.45 on Monday. The stock has a 50 day moving average price of $41.64 and a 200 day moving average price of $44.35. Fidelity National Information Services, Inc. has a one year low of $37.42 and a one year high of $70.38. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.53 and a current ratio of 0.53. The stock has a market capitalization of $21.42 billion, a price-to-earnings ratio of 6.37, a PEG ratio of 0.43 and a beta of 0.77.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings data on Tuesday, August 4th. The information technology services provider reported $1.48 earnings per share for the quarter, beating analysts’ consensus estimates of $1.47 by $0.01. Fidelity National Information Services had a return on equity of 20.95% and a net margin of 27.64%.The company had revenue of $3.38 billion for the quarter, compared to analyst estimates of $3.38 billion. During the same quarter last year, the firm posted $1.36 EPS. The firm’s revenue for the quarter was up 29.1% on a year-over-year basis. 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 6.19 earnings per share for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 11th will be paid a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend is Friday, September 11th. Fidelity National Information Services’s dividend payout ratio (DPR) is currently 27.04%.

Fidelity National Information Services Company 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.