ICONIQ Capital LLC Purchases Shares of 14,469 Fidelity National Information Services, Inc. $FIS

ICONIQ Capital LLC purchased a new position in Fidelity National Information Services, Inc. (NYSE:FIS) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 14,469 shares of the information technology services provider’s stock, valued at approximately $563,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. BlackRock Inc. acquired a new position in Fidelity National Information Services in the 2nd quarter worth approximately $1,730,200,000. Norges Bank purchased a new position in Fidelity National Information Services during the 4th quarter worth approximately $495,956,000. OP Asset Management Ltd acquired a new stake in Fidelity National Information Services during the 1st quarter valued at approximately $2,509,000. South Dakota Investment Council boosted its holdings in shares of 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 acquiring an additional 72,040 shares during the last quarter. Finally, Brighton Jones LLC purchased a new stake in shares of Fidelity National Information Services in the 4th quarter valued at $347,000. 96.23% of the stock is currently owned by institutional investors and hedge funds.

Fidelity National Information Services Price Performance

Shares of Fidelity National Information Services stock opened at $41.36 on Monday. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.96. Fidelity National Information Services, Inc. has a twelve month low of $37.42 and a twelve month high of $71.90. The business has a 50-day moving average price of $41.42 and a 200 day moving average price of $44.71. The firm has a market cap of $21.38 billion, a PE ratio of 6.35, a P/E/G ratio of 0.42 and a beta of 0.77.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings results on Tuesday, August 4th. The information technology services provider reported $1.48 earnings per share for the quarter, topping analysts’ consensus estimates of $1.47 by $0.01. Fidelity National Information Services had a return on equity of 20.95% and a net margin of 27.64%.The company had revenue of $3.38 billion during the quarter, compared to analysts’ expectations of $3.38 billion. During the same quarter in the prior year, the firm posted $1.36 EPS. Fidelity National Information Services’s quarterly revenue was up 29.1% compared to the same quarter last year. 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 fiscal year.

Fidelity National Information Services Dividend Announcement

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

Analyst Ratings Changes

Several brokerages recently issued reports on FIS. Wells Fargo & Company reduced their target price on shares of Fidelity National Information Services from $67.00 to $58.00 and set an “overweight” rating for the company in a report on Wednesday, August 5th. Wall Street Zen lowered shares of Fidelity National Information Services from a “buy” rating to a “hold” rating in a report on Sunday, May 17th. The Goldman Sachs Group cut their price target on 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. Cantor Fitzgerald reduced their price objective on 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. Finally, Truist Financial reduced their price objective on Fidelity National Information Services from $45.00 to $43.00 and set a “hold” rating for the company in a research note on Friday, July 24th. Eleven equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price 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.