Sunriver Management LLC Makes New $25.75 Million Investment in Fidelity National Information Services, Inc. $FIS

Sunriver Management LLC bought a new stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) in the first quarter, HoldingsChannel.com reports. The firm bought 548,860 shares of the information technology services provider’s stock, valued at approximately $25,747,000. Fidelity National Information Services makes up about 4.4% of Sunriver Management LLC’s holdings, making the stock its 13th biggest holding.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Salomon & Ludwin LLC boosted its stake in shares of Fidelity National Information Services by 100.5% in the 4th quarter. Salomon & Ludwin LLC now owns 387 shares of the information technology services provider’s stock worth $26,000 after buying an additional 194 shares during the last quarter. MBM Wealth Consultants LLC purchased a new stake in Fidelity National Information Services during the first quarter valued at $33,000. Thurston Springer Miller Herd & Titak Inc. increased its position in Fidelity National Information Services by 251.4% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 506 shares of the information technology services provider’s stock valued at $34,000 after acquiring an additional 362 shares during the last quarter. Reflection Asset Management bought a new position in Fidelity National Information Services in the fourth quarter valued at about $34,000. Finally, Kemnay Advisory Services Inc. purchased a new position in Fidelity National Information Services in the fourth quarter worth about $42,000. 96.23% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have issued reports on FIS. Royal Bank Of Canada cut their price target on Fidelity National Information Services from $69.00 to $57.00 and set an “outperform” rating for the company in a research note on Friday, May 8th. Barclays initiated coverage on shares of Fidelity National Information Services in a research note on Wednesday, July 8th. They issued an “equal weight” rating and a $44.00 price objective on the stock. Deutsche Bank Aktiengesellschaft cut their target price on shares of Fidelity National Information Services from $55.00 to $50.00 in a research report on Monday, May 11th. Keefe, Bruyette & Woods reduced their target price on shares of Fidelity National Information Services from $72.00 to $68.00 and set an “outperform” rating for the company in a report on Tuesday, April 7th. Finally, Truist Financial decreased their price target on shares of Fidelity National Information Services from $45.00 to $43.00 and set a “hold” rating on the stock in a research report on Friday. Thirteen equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $58.68.

Fidelity National Information Services Stock Performance

Shares of FIS opened at $41.58 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 business has a 50-day simple moving average of $40.87 and a two-hundred day simple moving average of $47.47. The stock has a market cap of $21.49 billion, a price-to-earnings ratio of 8.06, a PEG ratio of 0.39 and a beta of 0.80. Fidelity National Information Services, Inc. has a 52 week low of $37.42 and a 52 week high of $82.62.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings data on Friday, May 8th. The information technology services provider reported $1.36 EPS for the quarter, topping the consensus estimate of $1.28 by $0.08. The firm had revenue of $3.29 billion for the quarter, compared to the consensus estimate of $3.28 billion. Fidelity National Information Services had a return on equity of 21.30% and a net margin of 23.35%.The business’s revenue for the quarter was up 30.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.21 earnings per share. 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 EPS for the current year.

Fidelity National Information Services Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Thursday, June 11th were paid a dividend of $0.44 per share. The ex-dividend date was Thursday, June 11th. This represents a $1.76 dividend on an annualized basis and a yield of 4.2%. Fidelity National Information Services’s dividend payout ratio (DPR) is presently 34.11%.

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.