BNP Paribas Exane Cuts Fidelity National Information Services (NYSE:FIS) Price Target to $55.00

Fidelity National Information Services (NYSE:FIS) had its price objective reduced by BNP Paribas Exane from $60.00 to $55.00 in a report issued on Tuesday morning,Fidelity reports. They currently have an underperform rating on the information technology services provider’s stock.

FIS has been the subject of a number of other reports. UBS Group lifted 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 note on Thursday, November 6th. Jefferies Financial Group lowered their price objective on shares of Fidelity National Information Services from $75.00 to $70.00 and set a “hold” rating for the company in a research note on Tuesday, October 14th. Citigroup raised shares of Fidelity National Information Services to a “hold” rating in a report on Thursday, October 23rd. Weiss Ratings restated a “sell (d)” rating on shares of Fidelity National Information Services in a research note on Wednesday, October 8th. Finally, Compass Point dropped their price target on Fidelity National Information Services from $90.00 to $81.00 and set a “buy” rating on the stock in a research note on Tuesday, January 13th. Eleven investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $79.94.

Fidelity National Information Services Stock Up 1.1%

Fidelity National Information Services stock opened at $61.26 on Tuesday. 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 stock has a market capitalization of $31.72 billion, a price-to-earnings ratio of 226.89, a PEG ratio of 0.90 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 has a fifty day moving average price of $65.40 and a 200-day moving average price of $68.58.

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

Fidelity National Information Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 23rd. Shareholders of record on Tuesday, December 9th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend was Tuesday, December 9th. Fidelity National Information Services’s dividend payout ratio (DPR) is presently 592.59%.

Insider Activity at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein bought 941 shares of Fidelity National Information Services stock in a transaction dated Thursday, January 15th. The stock was acquired at an average cost of $64.11 per share, with a total value of $60,327.51. Following the purchase, the director directly owned 14,529 shares in the company, valued at $931,454.19. This represents a 6.93% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 0.21% of the stock is owned by company insiders.

Hedge Funds Weigh In On Fidelity National Information Services

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

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.