Wealthfront Advisers LLC Invests $849,000 in Fidelity National Information Services, Inc. $FIS

Wealthfront Advisers LLC purchased a new position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 21,840 shares of the information technology services provider’s stock, valued at approximately $849,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of FIS. Main Street Financial Solutions LLC acquired a new stake in Fidelity National Information Services during the 2nd quarter worth $2,392,000. Meeder Advisory Services Inc. acquired a new position in shares of Fidelity National Information Services in the 2nd quarter valued at $315,000. Citizens Financial Group Inc. RI bought a new position in shares of Fidelity National Information Services in the 2nd quarter worth $201,000. BlackRock Inc. bought a new position in shares of Fidelity National Information Services in the 2nd quarter worth $1,730,200,000. Finally, Pallas Capital Advisors LLC acquired a new stake in shares of Fidelity National Information Services during the second quarter worth $598,000. 96.23% of the stock is owned by institutional investors.

Fidelity National Information Services Stock Performance

Shares of Fidelity National Information Services stock opened at $41.36 on Friday. The stock’s fifty day simple moving average is $41.42 and its 200 day simple moving average is $44.79. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.96. The company has a market capitalization of $21.38 billion, a PE ratio of 6.35, a PEG ratio of 0.42 and a beta of 0.77. Fidelity National Information Services, Inc. has a 12 month low of $37.42 and a 12 month high of $71.90.

Fidelity National Information Services (NYSE:FIS) last posted its earnings results 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. Fidelity National Information Services had a return on equity of 20.95% and a net margin of 27.64%.The firm had revenue of $3.38 billion during the quarter, compared to analysts’ expectations of $3.38 billion. During the same period in the previous year, the firm earned $1.36 earnings per share. The company’s revenue was up 29.1% on a year-over-year basis. 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. On average, research analysts predict that Fidelity National Information Services, Inc. will post 6.19 EPS for the current year.

Fidelity National Information Services Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Truist Financial dropped their price objective on Fidelity National Information Services from $45.00 to $43.00 and set a “hold” rating for the company in a report on Friday, July 24th. The Goldman Sachs Group decreased their target price on Fidelity National Information Services from $65.00 to $57.00 and set a “buy” rating for the company in a research report on Monday, May 11th. Citigroup lowered their price target on Fidelity National Information Services from $48.00 to $45.00 and set a “neutral” rating for the company in a research note on Wednesday, August 5th. Keefe, Bruyette & Woods cut their price target on shares of Fidelity National Information Services from $60.00 to $56.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 5th. Finally, Cantor Fitzgerald reduced their price objective on shares of Fidelity National Information Services from $55.00 to $50.00 and set an “overweight” rating on the stock in a research note on Monday, August 10th. Eleven research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $55.39.

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.