Tocqueville Asset Management L.P. Acquires New Holdings in Fidelity National Information Services, Inc. $FIS

Tocqueville Asset Management L.P. bought a new position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) during the second quarter, Holdings Channel reports. The fund bought 22,508 shares of the information technology services provider’s stock, valued at approximately $875,000.

Other large investors have also recently bought and sold shares of the company. Salomon & Ludwin LLC grew its position in shares of Fidelity National Information Services by 100.5% during the 4th 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 in the last quarter. Reflection Asset Management bought a new stake in Fidelity National Information Services during the fourth quarter valued at $34,000. Kemnay Advisory Services Inc. purchased a new position in Fidelity National Information Services during the fourth quarter worth about $42,000. MBM Wealth Consultants LLC bought a new position in Fidelity National Information Services in the 1st quarter worth about $33,000. Finally, DV Equities LLC bought a new position in Fidelity National Information Services in the 4th quarter worth about $48,000. 96.23% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. BNP Paribas Exane dropped their price target on Fidelity National Information Services from $40.00 to $37.00 and set an “underperform” rating for the company in a research report on Thursday, May 14th. National Bank Financial set a $50.00 target price on shares of Fidelity National Information Services in a research note on Monday, August 10th. Morgan Stanley assumed coverage on shares of Fidelity National Information Services in a research report on Tuesday, July 7th. They set an “equal weight” rating and a $47.00 target price for the company. Barclays cut their price target on shares of Fidelity National Information Services from $44.00 to $43.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 5th. Finally, The Goldman Sachs Group lowered their price objective on shares of Fidelity National Information Services from $65.00 to $57.00 and set a “buy” rating on the stock in a research report on Monday, May 11th. Eleven equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Fidelity National Information Services has a consensus rating of “Hold” and a consensus price target of $55.39.

Fidelity National Information Services Stock Down 0.2%

Shares of 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 P/E/G ratio of 0.42 and a beta of 0.77. The stock has a 50 day simple moving average of $41.37 and a two-hundred day simple moving average of $44.82. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.53 and a quick ratio of 0.53. Fidelity National Information Services, Inc. has a 1 year low of $37.42 and a 1 year high of $71.90.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings results on Tuesday, August 4th. The information technology services provider reported $1.48 EPS for the quarter, beating analysts’ consensus estimates of $1.47 by $0.01. The business had revenue of $3.38 billion for the quarter, compared to analysts’ expectations of $3.38 billion. Fidelity National Information Services had a net margin of 27.64% and a return on equity of 20.95%. The business’s quarterly revenue was up 29.1% on a year-over-year basis. During the same period last year, the business earned $1.36 earnings per share. 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. On average, analysts forecast that Fidelity National Information Services, Inc. will post 6.19 earnings per share for the current fiscal year.

Fidelity National Information Services Announces Dividend

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

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.