Man Group plc Invests $51.70 Million in Fidelity National Information Services, Inc. $FIS

Man Group plc acquired a new stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 1,329,730 shares of the information technology services provider’s stock, valued at approximately $51,700,000. Man Group plc owned approximately 0.26% of Fidelity National Information Services at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. BOKF NA raised its stake in shares of Fidelity National Information Services by 0.6% during the third quarter. BOKF NA now owns 28,031 shares of the information technology services provider’s stock worth $1,848,000 after acquiring an additional 159 shares in the last quarter. Fiduciary Trust Co boosted its stake in shares of Fidelity National Information Services by 4.9% in the 3rd quarter. Fiduciary Trust Co now owns 3,465 shares of the information technology services provider’s stock valued at $228,000 after purchasing an additional 161 shares in the last quarter. FJ Capital Management LLC boosted its stake in shares of Fidelity National Information Services by 4.7% in the 2nd quarter. FJ Capital Management LLC now owns 3,600 shares of the information technology services provider’s stock valued at $293,000 after purchasing an additional 163 shares in the last quarter. Horizon Investments LLC grew its holdings in shares of Fidelity National Information Services by 2.6% during the 4th quarter. Horizon Investments LLC now owns 8,458 shares of the information technology services provider’s stock valued at $562,000 after purchasing an additional 214 shares during the last quarter. Finally, Pinnacle Financial Partners Inc. raised its position in Fidelity National Information Services by 6.4% in the 3rd quarter. Pinnacle Financial Partners Inc. now owns 3,732 shares of the information technology services provider’s stock worth $246,000 after purchasing an additional 223 shares during the period. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Fidelity National Information Services Trading Down 2.4%

Shares of FIS opened at $40.40 on Wednesday. The stock has a market capitalization of $20.88 billion, a P/E ratio of 6.21, a PEG ratio of 0.42 and a beta of 0.77. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.96. The firm has a fifty day simple moving average of $41.48 and a two-hundred day simple moving average of $44.57. Fidelity National Information Services, Inc. has a twelve month low of $37.42 and a twelve month high of $71.57.

Fidelity National Information Services (NYSE:FIS) last announced 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 business had revenue of $3.38 billion for the quarter, compared to analyst estimates of $3.38 billion. Fidelity National Information Services had a net margin of 27.64% and a return on equity of 20.95%. The company’s revenue was up 29.1% on a year-over-year basis. During the same quarter last year, the firm 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 anticipate that Fidelity National Information Services, Inc. will post 6.19 EPS for the current year.

Fidelity National Information Services Dividend Announcement

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 paid a $0.44 dividend. The ex-dividend date of this dividend is Friday, September 11th. This represents a $1.76 annualized dividend and a dividend yield of 4.4%. Fidelity National Information Services’s dividend payout ratio (DPR) is presently 27.04%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Keefe, Bruyette & Woods lowered their price target on shares of Fidelity National Information Services from $60.00 to $56.00 and set an “outperform” rating for the company in a research note on Wednesday, August 5th. Weiss Ratings cut Fidelity National Information Services from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, August 11th. Barclays decreased their price objective on Fidelity National Information Services from $44.00 to $43.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 5th. Oppenheimer dropped their target price on Fidelity National Information Services from $69.00 to $62.00 in a report on Friday, May 8th. Finally, Royal Bank Of Canada reduced their price target on Fidelity National Information Services from $57.00 to $53.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 5th. Ten investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Fidelity National Information Services currently has an average rating of “Hold” and an average target price of $54.17.

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.