Marks Group Wealth Management Inc Has $1.95 Million Stock Holdings in 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 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 41,585 shares of the information technology services provider’s stock after purchasing an additional 17,235 shares during the period. Marks Group Wealth Management Inc’s holdings in Fidelity National Information Services were worth $1,951,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of FIS. Norges Bank bought a new position in shares of Fidelity National Information Services in the 4th quarter valued at $495,956,000. 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 acquiring an additional 6,008,090 shares in the last quarter. Balyasny Asset Management L.P. grew its position in Fidelity National Information Services by 585.9% during the 3rd quarter. Balyasny Asset Management L.P. now owns 2,365,322 shares of the information technology services provider’s stock worth $155,969,000 after acquiring an additional 2,852,118 shares during the last quarter. Pinebridge Investments LLC acquired a new position in Fidelity National Information Services in the 4th quarter worth about $114,799,000. Finally, TOMS Capital Investment Management LP acquired a new position in Fidelity National Information Services in the 4th quarter worth about $110,589,000. Institutional investors own 96.23% of the company’s stock.

Fidelity National Information Services Price Performance

FIS stock opened at $42.55 on Friday. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 1.05. The firm has a market cap of $21.99 billion, a price-to-earnings ratio of 8.25, a PEG ratio of 0.40 and a beta of 0.80. The company’s fifty day simple moving average is $41.03 and its 200 day simple moving average is $48.41. Fidelity National Information Services, Inc. has a 12-month low of $37.42 and a 12-month high of $82.62.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings results on Friday, May 8th. The information technology services provider reported $1.36 earnings per share for the quarter, topping analysts’ consensus estimates of $1.28 by $0.08. Fidelity National Information Services had a return on equity of 21.30% and a net margin of 23.35%.The firm had revenue of $3.29 billion during the quarter, compared to the consensus estimate of $3.28 billion. During the same period last year, the business posted $1.21 EPS. The business’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. On average, analysts expect that Fidelity National Information Services, Inc. will post 6.28 earnings per share for the current year.

Fidelity National Information Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Thursday, June 11th were paid a dividend of $0.44 per share. The ex-dividend date of this dividend was Thursday, June 11th. This represents a $1.76 annualized dividend and a yield of 4.1%. Fidelity National Information Services’s dividend payout ratio (DPR) is currently 34.11%.

Analyst Upgrades and Downgrades

FIS has been the topic of a number of recent research reports. Barclays assumed coverage on Fidelity National Information Services in a research note on Wednesday, July 8th. They set an “equal weight” rating and a $44.00 price target on the stock. TD Cowen dropped their price objective on shares of Fidelity National Information Services from $78.00 to $62.00 and set a “buy” rating for the company in a report on Tuesday, May 12th. Truist Financial reduced their target price on shares of Fidelity National Information Services from $50.00 to $45.00 and set a “hold” rating on the stock in a report on Thursday, May 28th. Morgan Stanley assumed coverage on shares of Fidelity National Information Services in a research report on Tuesday, July 7th. They issued an “equal weight” rating and a $47.00 price target for the company. Finally, Oppenheimer dropped their price target on shares of Fidelity National Information Services from $69.00 to $62.00 in a research note on Friday, May 8th. Thirteen investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $58.77.

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.