62,961 Shares in Fidelity National Information Services, Inc. $FIS Acquired by Bank of Nova Scotia

Bank of Nova Scotia purchased a new stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 62,961 shares of the information technology services provider’s stock, valued at approximately $2,448,000.

A number of other institutional investors also recently modified their holdings of the company. MBM Wealth Consultants LLC bought a new stake in shares of Fidelity National Information Services during the 1st quarter worth $33,000. Reflection Asset Management bought a new position in Fidelity National Information Services in the 4th quarter worth $34,000. Kemnay Advisory Services Inc. bought a new position in shares of Fidelity National Information Services in the fourth quarter worth about $42,000. DV Equities LLC acquired a new stake in Fidelity National Information Services in the 4th quarter valued at approximately $48,000. Finally, Hantz Financial Services Inc. increased its position in Fidelity National Information Services by 254.5% in the 4th quarter. Hantz Financial Services Inc. now owns 833 shares of the information technology services provider’s stock worth $55,000 after buying an additional 598 shares during the period. Institutional investors own 96.23% of the company’s stock.

Fidelity National Information Services Trading Up 0.5%

NYSE:FIS opened at $40.68 on Thursday. Fidelity National Information Services, Inc. has a twelve month low of $37.42 and a twelve month high of $70.78. 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 business has a 50 day moving average price of $41.52 and a two-hundred day moving average price of $44.50. The company has a market cap of $21.03 billion, a P/E ratio of 6.25, a price-to-earnings-growth ratio of 0.42 and a beta of 0.77.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings data on Tuesday, August 4th. The information technology services provider reported $1.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.47 by $0.01. The company had revenue of $3.38 billion for the quarter, compared to the consensus estimate of $3.38 billion. Fidelity National Information Services had a net margin of 27.64% and a return on equity of 20.95%. The firm’s revenue was up 29.1% compared to the same quarter last year. 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. As a group, analysts expect that Fidelity National Information Services, Inc. will post 6.19 EPS for the current fiscal year.

Fidelity National Information Services Dividend Announcement

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

Analyst Upgrades and Downgrades

FIS has been the topic of a number of recent research reports. Wall Street Zen downgraded shares of Fidelity National Information Services from a “buy” rating to a “hold” rating in a research note on Sunday, May 17th. The Goldman Sachs Group decreased their target price on Fidelity National Information Services from $65.00 to $57.00 and set a “buy” rating on the stock in a report on Monday, May 11th. Barclays dropped their price objective on shares of Fidelity National Information Services from $44.00 to $43.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 5th. Truist Financial reduced their target price on shares of Fidelity National Information Services from $45.00 to $43.00 and set a “hold” rating on the stock in a research note on Friday, July 24th. Finally, Keefe, Bruyette & Woods dropped their price objective on 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. Ten investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $53.96.

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.