Tocqueville Asset Management L.P. Invests $875,000 in Fidelity National Information Services, Inc. $FIS

Tocqueville Asset Management L.P. purchased a new stake 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 & Exchange Commission. The firm purchased 22,508 shares of the information technology services provider’s stock, valued at approximately $875,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. bought a new position in shares of Fidelity National Information Services during the 2nd quarter worth approximately $1,730,200,000. Norges Bank bought a new stake in Fidelity National Information Services during the fourth quarter worth $495,956,000. Dodge & Cox lifted its holdings 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 acquiring an additional 6,008,090 shares during the period. Deutsche Bank AG purchased a new position in Fidelity National Information Services in the second quarter worth $111,205,000. Finally, Balyasny Asset Management L.P. grew its stake in Fidelity National Information Services by 585.9% in the 3rd quarter. Balyasny Asset Management L.P. now owns 2,365,322 shares of the information technology services provider’s stock valued at $155,969,000 after purchasing an additional 2,852,118 shares during the period. 96.23% of the stock is currently owned by hedge funds and other institutional investors.

Fidelity National Information Services Stock Performance

NYSE FIS opened at $40.58 on Friday. The firm has a market cap of $20.97 billion, a P/E ratio of 6.23, a price-to-earnings-growth ratio of 0.42 and a beta of 0.77. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.96. The company’s 50 day moving average is $41.37 and its 200-day moving average is $44.82. Fidelity National Information Services, Inc. has a 12-month low of $37.42 and a 12-month high of $71.90.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings data on Tuesday, August 4th. The information technology services provider reported $1.48 EPS for the quarter, topping 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 company had revenue of $3.38 billion during the quarter, compared to the consensus estimate of $3.38 billion. During the same period last year, the firm earned $1.36 EPS. Fidelity National Information Services’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. Sell-side analysts predict that Fidelity National Information Services, Inc. will post 6.19 earnings per share for the current year.

Fidelity National Information Services Announces Dividend

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

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on FIS. Weiss Ratings downgraded shares of Fidelity National Information Services from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, August 11th. Truist Financial lowered their price objective on shares of Fidelity National Information Services from $45.00 to $43.00 and set a “hold” rating on the stock in a research report on Friday, July 24th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Fidelity National Information Services from $55.00 to $50.00 in a research note on Monday, May 11th. National Bank Financial set a $50.00 price target on shares of Fidelity National Information Services in a research note on Monday, August 10th. Finally, Oppenheimer decreased their target price on Fidelity National Information Services from $69.00 to $62.00 in a research report on Friday, May 8th. Eleven investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $55.39.

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.