OLD National Bancorp IN Buys 22,766 Shares of Fidelity National Information Services, Inc. $FIS

OLD National Bancorp IN boosted its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 39.1% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 80,942 shares of the information technology services provider’s stock after acquiring an additional 22,766 shares during the period. OLD National Bancorp IN’s holdings in Fidelity National Information Services were worth $3,797,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of FIS. Dodge & Cox boosted its holdings in shares of Fidelity National Information Services by 13.9% during the 4th quarter. Dodge & Cox now owns 49,113,297 shares of the information technology services provider’s stock valued at $3,264,070,000 after purchasing an additional 6,008,090 shares during the last quarter. Capital Research Global Investors lifted its position in shares of Fidelity National Information Services by 0.6% in the fourth 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 in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Fidelity National Information Services by 4.8% during the fourth 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 during the last quarter. Invesco Ltd. grew its holdings in Fidelity National Information Services by 5.6% during 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 buying an additional 448,712 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of Fidelity National Information Services in the fourth quarter valued at $495,956,000. 96.23% of the stock is currently owned by institutional investors.

Fidelity National Information Services Stock Up 2.3%

NYSE:FIS opened at $38.74 on Friday. The company has a market cap of $20.02 billion, a price-to-earnings ratio of 7.51, a price-to-earnings-growth ratio of 0.37 and a beta of 0.78. Fidelity National Information Services, Inc. has a twelve month low of $37.42 and a twelve month high of $82.74. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 1.05. The stock has a fifty day simple moving average of $42.64 and a 200-day simple moving average of $51.02.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings results 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. Fidelity National Information Services had a net margin of 23.35% and a return on equity of 21.30%. The company had revenue of $3.29 billion for the quarter, compared to the consensus estimate of $3.28 billion. During the same quarter last year, the firm posted $1.21 EPS. The firm’s revenue was up 30.1% compared to the same quarter last year. 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. Analysts anticipate that Fidelity National Information Services, Inc. will post 6.28 EPS for the current year.

Fidelity National Information Services Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Thursday, June 11th were issued a $0.44 dividend. The ex-dividend date was Thursday, June 11th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 4.5%. Fidelity National Information Services’s payout ratio is presently 34.11%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on FIS shares. UBS Group dropped their price objective on shares of Fidelity National Information Services from $73.00 to $63.00 and set a “buy” rating for the company in a research note on Monday, May 11th. Truist Financial dropped their price target on 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. Royal Bank Of Canada decreased their price objective on Fidelity National Information Services from $69.00 to $57.00 and set an “outperform” rating on the stock in a research report on Friday, May 8th. Weiss Ratings raised Fidelity National Information Services from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, May 11th. Finally, Keefe, Bruyette & Woods cut their target price on Fidelity National Information Services from $72.00 to $68.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 7th. Thirteen investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Fidelity National Information Services has a consensus rating of “Moderate Buy” and a consensus target price of $61.33.

About Fidelity National Information Services

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.