Varma Mutual Pension Insurance Co Acquires Shares of 12,200 Fidelity National Information Services, Inc. $FIS

Varma Mutual Pension Insurance Co bought a new stake in Fidelity National Information Services, Inc. (NYSE:FIS) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 12,200 shares of the information technology services provider’s stock, valued at approximately $474,000.

Other hedge funds have also made changes to their positions in the company. BlackRock Inc. acquired a new position in shares of Fidelity National Information Services in the second quarter valued at approximately $1,730,200,000. Norges Bank acquired a new stake in shares of Fidelity National Information Services during the fourth quarter worth $495,956,000. OP Asset Management Ltd purchased a new position in Fidelity National Information Services in the 1st quarter valued at $2,509,000. South Dakota Investment Council grew its position in Fidelity National Information Services by 46.2% in the 1st quarter. South Dakota Investment Council now owns 228,021 shares of the information technology services provider’s stock valued at $10,696,000 after buying an additional 72,040 shares during the last quarter. Finally, Brighton Jones LLC acquired a new position in Fidelity National Information Services in the 4th quarter valued at $347,000. Institutional investors and hedge funds own 96.23% of the company’s stock.

Wall Street Analyst Weigh In

FIS has been the subject of several recent analyst reports. Cantor Fitzgerald reduced their target price on shares of Fidelity National Information Services from $55.00 to $50.00 and set an “overweight” rating for the company in a research note on Monday, August 10th. Truist Financial reduced their price objective on shares of Fidelity National Information Services from $45.00 to $43.00 and set a “hold” rating for the company in a research report on Friday, July 24th. BNP Paribas Exane dropped their target price on Fidelity National Information Services from $40.00 to $37.00 and set an “underperform” rating on the stock in a research report on Thursday, May 14th. Wall Street Zen downgraded Fidelity National Information Services from a “buy” rating to a “hold” rating in a research note on Sunday, May 17th. Finally, Keefe, Bruyette & Woods reduced their price target on Fidelity National Information Services from $60.00 to $56.00 and set an “outperform” rating for the company in a report on Wednesday, August 5th. Eleven research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Fidelity National Information Services presently has an average rating of “Hold” and an average target price of $55.39.

Fidelity National Information Services Trading Up 0.0%

Shares of FIS opened at $41.36 on Monday. Fidelity National Information Services, Inc. has a twelve month low of $37.42 and a twelve month high of $71.90. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.96. The firm has a market capitalization of $21.38 billion, a P/E ratio of 6.35, a PEG ratio of 0.42 and a beta of 0.77. The firm’s 50-day moving average is $41.42 and its two-hundred day moving average is $44.71.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings results 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. The business had revenue of $3.38 billion for the quarter, compared to analyst estimates of $3.38 billion. Fidelity National Information Services had a return on equity of 20.95% and a net margin of 27.64%.The company’s quarterly revenue was up 29.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.36 EPS. 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, research analysts predict 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 company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 11th will be given a dividend of $0.44 per share. 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 payout ratio is presently 27.04%.

Fidelity National Information Services 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.