Stephens Cuts Fidelity National Information Services (NYSE:FIS) Price Target to $85.00

Fidelity National Information Services (NYSE:FIS) had its price objective cut by Stephens from $90.00 to $85.00 in a research note issued to investors on Friday morning,Fidelity reports. They currently have an overweight rating on the information technology services provider’s stock.

A number of other analysts have also recently commented on the stock. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Fidelity National Information Services in a report on Wednesday, October 8th. Royal Bank Of Canada cut their price objective on shares of Fidelity National Information Services from $93.00 to $86.00 and set an “outperform” rating for the company in a research report on Thursday, November 6th. Truist Financial decreased their target price on Fidelity National Information Services from $72.00 to $70.00 and set a “hold” rating on the stock in a report on Wednesday, November 19th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $70.00 target price on shares of Fidelity National Information Services in a research report on Thursday. Finally, Jefferies Financial Group reduced their price target on Fidelity National Information Services from $75.00 to $70.00 and set a “hold” rating for the company in a research report on Tuesday, October 14th. Eleven analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $81.41.

Fidelity National Information Services Stock Performance

Shares of FIS opened at $63.38 on Friday. The firm has a market capitalization of $32.82 billion, a P/E ratio of 234.74 and a beta of 0.93. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.53 and a quick ratio of 0.53. Fidelity National Information Services has a one year low of $59.51 and a one year high of $83.97. The business has a fifty day moving average of $65.78 and a 200 day moving average of $68.97.

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

Fidelity National Information Services Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 23rd. Investors of record on Tuesday, December 9th were given a dividend of $0.40 per share. The ex-dividend date was Tuesday, December 9th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.5%. Fidelity National Information Services’s dividend payout ratio is currently 592.59%.

Institutional Trading of Fidelity National Information Services

Hedge funds have recently modified their holdings of the company. CX Institutional grew its position in Fidelity National Information Services by 2.3% in the second quarter. CX Institutional now owns 6,317 shares of the information technology services provider’s stock worth $514,000 after acquiring an additional 140 shares in the last quarter. Pinnacle Bancorp Inc. lifted its stake in shares of Fidelity National Information Services by 21.9% in the 3rd quarter. Pinnacle Bancorp Inc. now owns 835 shares of the information technology services provider’s stock valued at $55,000 after purchasing an additional 150 shares during the last quarter. BOKF NA lifted its stake in shares of Fidelity National Information Services by 0.6% in the 3rd quarter. BOKF NA now owns 28,031 shares of the information technology services provider’s stock valued at $1,848,000 after purchasing an additional 159 shares during the last quarter. Fiduciary Trust Co boosted its holdings in shares of Fidelity National Information Services by 4.9% in the 3rd quarter. Fiduciary Trust Co now owns 3,465 shares of the information technology services provider’s stock worth $228,000 after purchasing an additional 161 shares during the period. Finally, Wealthspire Advisors LLC increased its position in shares of Fidelity National Information Services by 3.1% during the 2nd quarter. Wealthspire Advisors LLC now owns 5,426 shares of the information technology services provider’s stock valued at $442,000 after purchasing an additional 162 shares during the last quarter. 96.23% of the stock is owned by hedge funds and other institutional investors.

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.