Assetmark Inc. Has $18.79 Million Holdings in Fidelity National Information Services, Inc. $FIS

Assetmark Inc. lifted its position in Fidelity National Information Services, Inc. (NYSE:FIS) by 4.4% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 400,455 shares of the information technology services provider’s stock after acquiring an additional 16,854 shares during the quarter. Assetmark Inc. owned approximately 0.08% of Fidelity National Information Services worth $18,785,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FIS. Dodge & Cox grew its position in Fidelity National Information Services by 13.9% during the fourth quarter. Dodge & Cox now owns 49,113,297 shares of the information technology services provider’s stock valued at $3,264,070,000 after purchasing an additional 6,008,090 shares in the last quarter. Capital Research Global Investors grew its holdings in shares of Fidelity National Information Services by 0.6% during the 4th quarter. Capital Research Global Investors now owns 28,129,710 shares of the information technology services provider’s stock valued at $1,869,507,000 after acquiring an additional 172,356 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Fidelity National Information Services by 4.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 11,196,718 shares of the information technology services provider’s stock worth $744,134,000 after acquiring an additional 514,490 shares during the last quarter. Invesco Ltd. increased its stake in shares of Fidelity National Information Services by 5.6% in the third quarter. Invesco Ltd. now owns 8,515,321 shares of the information technology services provider’s stock worth $561,500,000 after acquiring an additional 448,712 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of Fidelity National Information Services during the fourth quarter worth $495,956,000. 96.23% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have commented on FIS shares. Deutsche Bank Aktiengesellschaft lowered their target price on Fidelity National Information Services from $55.00 to $50.00 in a research note on Monday, May 11th. Stephens cut their price target on Fidelity National Information Services from $85.00 to $65.00 and set an “overweight” rating for the company in a research note on Friday, May 8th. BNP Paribas Exane reduced their price target on Fidelity National Information Services from $40.00 to $37.00 and set an “underperform” rating for the company in a report on Thursday, May 14th. Royal Bank Of Canada dropped their price objective on Fidelity National Information Services from $69.00 to $57.00 and set an “outperform” rating on the stock in a report on Friday, May 8th. Finally, Wall Street Zen lowered shares of Fidelity National Information Services from a “buy” rating to a “hold” rating in a research report on Sunday, May 17th. Thirteen analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $58.77.

Fidelity National Information Services Price Performance

Shares of NYSE:FIS opened at $41.82 on Friday. The stock has a market capitalization of $21.62 billion, a P/E ratio of 8.11, a P/E/G ratio of 0.41 and a beta of 0.80. The business has a 50-day moving average of $40.99 and a two-hundred day moving average of $48.36. Fidelity National Information Services, Inc. has a fifty-two week low of $37.42 and a fifty-two week high of $82.62. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.59 and a quick ratio of 0.59.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings data on Friday, May 8th. The information technology services provider reported $1.36 EPS for the quarter, beating analysts’ consensus estimates of $1.28 by $0.08. Fidelity National Information Services had a return on equity of 21.30% and a net margin of 23.35%.The business had revenue of $3.29 billion for the quarter, compared to analyst estimates of $3.28 billion. During the same quarter in the prior year, the firm posted $1.21 EPS. The firm’s revenue for the quarter was up 30.1% on a year-over-year basis. Fidelity National Information Services has set its FY 2026 guidance at 6.220-6.320 EPS and its Q2 2026 guidance at 1.450-1.490 EPS. On average, equities research analysts predict that Fidelity National Information Services, Inc. will post 6.28 EPS for the current fiscal year.

Fidelity National Information Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Thursday, June 11th were issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend was Thursday, June 11th. Fidelity National Information Services’s dividend payout ratio is currently 34.11%.

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.