Magnolia Capital Advisors LLC Acquires Shares of 30,381 Fidelity National Information Services, Inc. $FIS

Magnolia Capital Advisors LLC bought a new position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) during the second quarter, HoldingsChannel reports. The firm bought 30,381 shares of the information technology services provider’s stock, valued at approximately $1,181,000.

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

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on FIS shares. Weiss Ratings lowered Fidelity National Information Services from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, August 11th. UBS Group reissued a “neutral” rating and issued a $49.00 price target (down from $63.00) on shares of Fidelity National Information Services in a report on Wednesday, August 5th. Cantor Fitzgerald reduced their price objective on shares of Fidelity National Information Services from $55.00 to $50.00 and set an “overweight” rating for the company in a research report on Monday, August 10th. Barclays lowered their price objective on shares of Fidelity National Information Services from $44.00 to $43.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 5th. Finally, Wall Street Zen downgraded shares of Fidelity National Information Services from a “buy” rating to a “hold” rating in a report on Sunday, May 17th. Ten equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $53.96.

Fidelity National Information Services Stock Performance

Shares of NYSE FIS opened at $40.68 on Thursday. The stock’s fifty day simple moving average is $41.52 and its 200 day simple moving average is $44.50. The stock has a market capitalization of $21.03 billion, a price-to-earnings ratio of 6.25, 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. Fidelity National Information Services, Inc. has a 52-week low of $37.42 and a 52-week high of $70.78.

Fidelity National Information Services (NYSE:FIS) last announced its earnings results on Tuesday, August 4th. The information technology services provider reported $1.48 EPS for the quarter, beating the consensus estimate 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 business had revenue of $3.38 billion during the quarter, compared to the consensus estimate of $3.38 billion. During the same period in the prior year, the business posted $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, sell-side analysts forecast 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 business also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 11th will be issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 4.3%. The ex-dividend date is Friday, September 11th. Fidelity National Information Services’s payout ratio is presently 27.04%.

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.