Fidelity National Information Services, Inc. (NYSE:FIS) Receives Average Recommendation of “Moderate Buy” from Analysts

Fidelity National Information Services, Inc. (NYSE:FIS) has been assigned a consensus rating of “Moderate Buy” from the nineteen ratings firms that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and eleven have given a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $84.4375.

FIS has been the subject of several recent analyst reports. UBS Group upped their target price on shares of Fidelity National Information Services from $82.00 to $83.00 and gave the stock a “buy” rating in a research report on Thursday, November 6th. Keefe, Bruyette & Woods decreased their price objective on Fidelity National Information Services from $88.00 to $85.00 and set an “outperform” rating for the company in a report on Wednesday, October 1st. KeyCorp reaffirmed a “hold” rating on shares of Fidelity National Information Services in a research note on Wednesday, October 22nd. Weiss Ratings reiterated a “sell (d)” rating on shares of Fidelity National Information Services in a research report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. lowered their price target on Fidelity National Information Services from $85.00 to $80.00 and set an “overweight” rating on the stock in a report on Thursday, November 6th.

Fidelity National Information Services Price Performance

Shares of NYSE FIS opened at $66.84 on Monday. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.53 and a quick ratio of 0.53. The firm has a market capitalization of $34.61 billion, a PE ratio of 247.55 and a beta of 0.93. Fidelity National Information Services has a 1-year low of $59.51 and a 1-year high of $83.97. The business’s fifty day moving average price is $65.74 and its two-hundred day moving average price is $69.57.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings results on Wednesday, November 5th. The information technology services provider reported $1.51 EPS for the quarter, topping the consensus estimate of $1.48 by $0.03. Fidelity National Information Services had a net margin of 1.45% and a return on equity of 19.76%. The business had revenue of $2.72 billion during the quarter, compared to analyst estimates of $2.65 billion. During the same quarter in the prior year, the firm earned $1.40 earnings per share. The company’s quarterly revenue was up 5.7% on a year-over-year basis. Fidelity National Information Services has set its FY 2025 guidance at 5.740-5.780 EPS. On average, research analysts expect that Fidelity National Information Services will post 5.74 EPS for the current year.

Fidelity National Information Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 23rd. Stockholders of record on Tuesday, December 9th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend was Tuesday, December 9th. Fidelity National Information Services’s dividend payout ratio is currently 592.59%.

Insider Activity at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein bought 889 shares of the company’s stock in a transaction that occurred on Wednesday, October 15th. The shares were purchased at an average price of $67.66 per share, with a total value of $60,149.74. Following the completion of the acquisition, the director directly owned 13,588 shares in the company, valued at approximately $919,364.08. This trade represents a 7.00% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.21% of the stock is owned by corporate insiders.

Institutional Trading of Fidelity National Information Services

A number of hedge funds and other institutional investors have recently modified their holdings of FIS. Vanguard Group Inc. boosted its stake in Fidelity National Information Services by 0.6% during the second quarter. Vanguard Group Inc. now owns 63,019,323 shares of the information technology services provider’s stock valued at $5,130,403,000 after buying an additional 376,499 shares in the last quarter. Dodge & Cox lifted its holdings in Fidelity National Information Services by 22.2% in the 3rd quarter. Dodge & Cox now owns 43,105,207 shares of the information technology services provider’s stock valued at $2,842,357,000 after acquiring an additional 7,830,710 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Fidelity National Information Services by 0.4% during the 2nd quarter. Geode Capital Management LLC now owns 13,288,097 shares of the information technology services provider’s stock valued at $1,077,157,000 after purchasing an additional 48,968 shares in the last quarter. Boston Partners grew its stake in shares of Fidelity National Information Services by 10.5% in the 2nd quarter. Boston Partners now owns 11,820,211 shares of the information technology services provider’s stock worth $958,537,000 after purchasing an additional 1,122,181 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Fidelity National Information Services by 1.0% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 10,224,056 shares of the information technology services provider’s stock worth $832,141,000 after purchasing an additional 97,843 shares in the last quarter. Institutional investors own 96.23% of the company’s stock.

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.