Commerce Bank Invests $1.78 Million in Fidelity National Information Services, Inc. $FIS

Commerce Bank bought a new stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 45,751 shares of the information technology services provider’s stock, valued at approximately $1,779,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Fidelity National Information Services in the second quarter valued at about $587,000. Quantbot Technologies LP acquired a new position in shares of Fidelity National Information Services during the 2nd quarter worth about $2,066,000. Evolve Private Wealth LLC purchased a new position in Fidelity National Information Services in the 2nd quarter valued at about $218,000. Varma Mutual Pension Insurance Co acquired a new stake in Fidelity National Information Services in the 2nd quarter worth about $474,000. Finally, Westpac Banking Corp purchased a new stake in Fidelity National Information Services during the 2nd quarter worth approximately $157,000. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on FIS. Wolfe Research raised their target price on Fidelity National Information Services from $53.00 to $54.00 and gave the company an “outperform” rating in a research report on Tuesday. UBS Group reissued a “neutral” rating and issued a $49.00 price objective (down from $63.00) on shares of Fidelity National Information Services in a research note on Wednesday, August 5th. Morgan Stanley began coverage on Fidelity National Information Services in a report on Tuesday, July 7th. They issued an “equal weight” rating and a $47.00 price objective on the stock. Keefe, Bruyette & Woods dropped their target price on shares of 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. Finally, TD Cowen decreased their price target on shares of Fidelity National Information Services from $62.00 to $58.00 and set a “buy” rating on the stock in a research note on Wednesday, August 5th. Ten investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Fidelity National Information Services presently has an average rating of “Hold” and an average target price of $54.17.

Fidelity National Information Services Stock Down 2.4%

Shares of FIS opened at $40.40 on Wednesday. Fidelity National Information Services, Inc. has a 52-week low of $37.42 and a 52-week high of $71.57. 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 stock has a fifty day simple moving average of $41.48 and a two-hundred day simple moving average of $44.57. The company has a market capitalization of $20.88 billion, a PE ratio of 6.21, a price-to-earnings-growth ratio of 0.42 and a beta of 0.77.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings data on Tuesday, August 4th. The information technology services provider reported $1.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.01. Fidelity National Information Services had a net margin of 27.64% and a return on equity of 20.95%. The firm had revenue of $3.38 billion during the quarter, compared to analysts’ expectations of $3.38 billion. During the same period last year, the business earned $1.36 earnings per share. Fidelity National Information Services’s 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. As a group, equities analysts forecast that Fidelity National Information Services, Inc. will post 6.19 EPS for the current year.

Fidelity National Information Services Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 11th will be given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 4.4%. The ex-dividend date of this dividend is Friday, September 11th. Fidelity National Information Services’s payout ratio is presently 27.04%.

About Fidelity National Information Services

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.