Assenagon Asset Management S.A. Grows Stock Holdings in Fidelity National Information Services, Inc. $FIS

Assenagon Asset Management S.A. raised its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 227.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 565,115 shares of the information technology services provider’s stock after acquiring an additional 392,477 shares during the period. Assenagon Asset Management S.A. owned 0.11% of Fidelity National Information Services worth $37,558,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. Root Financial Partners LLC acquired a new stake in shares of Fidelity National Information Services during the third quarter worth $29,000. LRI Investments LLC increased its stake in Fidelity National Information Services by 613.1% in the third quarter. LRI Investments LLC now owns 435 shares of the information technology services provider’s stock valued at $29,000 after purchasing an additional 374 shares during the last quarter. Raiffeisen Bank International AG purchased a new position in Fidelity National Information Services during the third quarter worth about $29,000. GoalVest Advisory LLC purchased a new position in Fidelity National Information Services during the fourth quarter worth about $33,000. Finally, Steigerwald Gordon & Koch Inc. acquired a new stake in Fidelity National Information Services in the 3rd quarter worth about $37,000. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Fidelity National Information Services Stock Performance

NYSE FIS opened at $47.64 on Thursday. The firm has a market capitalization of $24.51 billion, a P/E ratio of 65.26, a P/E/G ratio of 0.48 and a beta of 0.90. Fidelity National Information Services, Inc. has a 1-year low of $46.16 and a 1-year high of $82.74. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.59 and a quick ratio of 0.59. The business’s 50-day simple moving average is $52.14 and its 200-day simple moving average is $61.13.

Fidelity National Information Services (NYSE:FIS) last posted its earnings results on Tuesday, February 24th. The information technology services provider reported $1.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.69 by ($0.01). Fidelity National Information Services had a return on equity of 21.21% and a net margin of 3.58%.The business had revenue of $2.81 billion for the quarter, compared to analyst estimates of $2.74 billion. During the same period last year, the company posted $1.40 EPS. The firm’s revenue for the quarter was up 8.2% compared to the same quarter last year. Fidelity National Information Services has set its Q1 2026 guidance at 1.260-1.300 EPS and its FY 2026 guidance at 6.220-6.320 EPS. Equities analysts predict that Fidelity National Information Services, Inc. will post 5.74 EPS for the current year.

Fidelity National Information Services Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 24th. Stockholders of record on Tuesday, March 10th were given a $0.44 dividend. The ex-dividend date of this dividend was Tuesday, March 10th. This is an increase from Fidelity National Information Services’s previous quarterly dividend of $0.40. This represents a $1.76 annualized dividend and a dividend yield of 3.7%. Fidelity National Information Services’s dividend payout ratio (DPR) is currently 241.10%.

Insiders Place Their Bets

In related news, Director Jeffrey A. Goldstein purchased 941 shares of the stock in a transaction that occurred on Thursday, January 15th. The stock was purchased at an average cost of $64.11 per share, for a total transaction of $60,327.51. Following the acquisition, the director owned 14,529 shares in the company, valued at approximately $931,454.19. This trade represents a 6.93% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Stephanie Ferris acquired 19,846 shares of the business’s stock in a transaction on Thursday, March 5th. The stock was bought at an average cost of $50.39 per share, for a total transaction of $1,000,039.94. Following the completion of the transaction, the chief executive officer directly owned 281,458 shares of the company’s stock, valued at $14,182,668.62. This trade represents a 7.59% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 0.21% of the company’s stock.

Wall Street Analysts Forecast Growth

FIS has been the subject of several recent analyst reports. Citigroup lowered their price target on Fidelity National Information Services from $70.00 to $53.00 and set a “neutral” rating for the company in a report on Wednesday, February 25th. Susquehanna decreased their target price on shares of Fidelity National Information Services from $69.00 to $55.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 25th. The Goldman Sachs Group began coverage on shares of Fidelity National Information Services in a report on Monday, March 9th. They issued a “buy” rating and a $70.00 target price for the company. Truist Financial dropped their price target on shares of Fidelity National Information Services from $69.00 to $57.00 and set a “hold” rating for the company in a research report on Tuesday, March 3rd. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Fidelity National Information Services in a research note on Thursday, January 22nd. Fourteen equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $69.86.

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.