Meiji Yasuda Asset Management Co Ltd. Acquires New Position in Fidelity National Information Services, Inc. $FIS

Meiji Yasuda Asset Management Co Ltd. bought a new position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 73,001 shares of the information technology services provider’s stock, valued at approximately $2,838,000.

Other hedge funds have also modified their holdings of the company. Barrow Hanley Mewhinney & Strauss LLC bought a new position in Fidelity National Information Services in the 2nd quarter worth $219,162,000. Bank of Nova Scotia bought a new position in shares of Fidelity National Information Services in the second quarter worth about $2,448,000. Kendall Capital Management purchased a new stake in shares of Fidelity National Information Services during the second quarter worth about $219,000. Vista Investment Management bought a new stake in Fidelity National Information Services during the 2nd quarter valued at approximately $272,000. Finally, Daiichi Life Insurance Co. Ltd. purchased a new position in Fidelity National Information Services in the 2nd quarter worth approximately $674,000. 96.23% of the stock is currently owned by institutional investors.

Fidelity National Information Services Stock Performance

NYSE FIS opened at $41.42 on Tuesday. The business’s 50 day moving average price is $41.47 and its 200-day moving average price is $44.65. Fidelity National Information Services, Inc. has a fifty-two week low of $37.42 and a fifty-two week high of $71.67. The company has a market cap of $21.41 billion, a P/E ratio of 6.36, a P/E/G ratio of 0.42 and a beta of 0.77. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.53 and a current ratio of 0.53.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings results on Tuesday, August 4th. The information technology services provider reported $1.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.47 by $0.01. The company had revenue of $3.38 billion during the quarter, compared to the consensus estimate of $3.38 billion. Fidelity National Information Services had a return on equity of 20.95% and a net margin of 27.64%.Fidelity National Information Services’s revenue was up 29.1% on a year-over-year basis. During the same period last year, the company 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. 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 Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 11th will be issued a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 4.2%. The ex-dividend date is Friday, September 11th. Fidelity National Information Services’s dividend payout ratio (DPR) is 27.04%.

Analyst Upgrades and Downgrades

FIS has been the topic of several recent analyst reports. Wall Street Zen cut shares of Fidelity National Information Services from a “buy” rating to a “hold” rating in a research report on Sunday, May 17th. Morgan Stanley started coverage on shares of Fidelity National Information Services in a research note on Tuesday, July 7th. They issued an “equal weight” rating and a $47.00 price target on the stock. Citigroup reduced their target price on Fidelity National Information Services from $48.00 to $45.00 and set a “neutral” rating on the stock in a report on Wednesday, August 5th. Stephens restated an “equal weight” rating and set a $50.00 price target on shares of Fidelity National Information Services in a report on Tuesday, August 11th. Finally, The Goldman Sachs Group reduced their price objective on Fidelity National Information Services from $65.00 to $57.00 and set a “buy” rating on the stock in a research note on Monday, May 11th. Eleven research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $55.39.

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.