Fidelity National Information Services (NYSE:FIS) Price Target Lowered to $37.00 at BNP Paribas Exane

Fidelity National Information Services (NYSE:FIS) had its target price cut by BNP Paribas Exane from $40.00 to $37.00 in a research note released on Thursday,Fidelity reports. They currently have an underperform rating on the information technology services provider’s stock.

Other analysts have also issued research reports about the company. Wolfe Research lowered their target price on Fidelity National Information Services from $90.00 to $70.00 and set an “outperform” rating for the company in a report on Wednesday, February 25th. Oppenheimer lowered their target price on Fidelity National Information Services from $69.00 to $62.00 in a report on Friday, May 8th. Raymond James Financial lowered their target price on Fidelity National Information Services from $82.00 to $60.00 and set an “outperform” rating for the company in a report on Wednesday, February 25th. Royal Bank Of Canada lowered their target price on Fidelity National Information Services from $69.00 to $57.00 and set an “outperform” rating for the company in a report on Friday, May 8th. Finally, Citigroup lowered their target price on Fidelity National Information Services from $53.00 to $48.00 in a report on Friday, May 8th. Thirteen analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Fidelity National Information Services currently has an average rating of “Moderate Buy” and a consensus target price of $61.57.

Fidelity National Information Services Stock Down 1.6%

Shares of NYSE FIS opened at $41.91 on Thursday. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.59 and a current ratio of 0.59. The firm has a market capitalization of $21.66 billion, a price-to-earnings ratio of 8.12, a PEG ratio of 0.42 and a beta of 0.82. The stock has a 50 day moving average price of $47.31 and a 200 day moving average price of $56.16. Fidelity National Information Services has a 52-week low of $41.63 and a 52-week high of $82.74.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings results on Friday, May 8th. The information technology services provider reported $1.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.08. The firm had revenue of $3.30 billion during the quarter, compared to analyst estimates of $3.28 billion. Fidelity National Information Services had a return on equity of 21.30% and a net margin of 23.35%.Fidelity National Information Services’s quarterly revenue was up 30.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.21 earnings per share. 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. Sell-side analysts expect that Fidelity National Information Services will post 6.27 earnings per share for the current year.

Fidelity National Information Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Thursday, June 11th will be given a dividend of $0.44 per share. The ex-dividend date of this dividend is Thursday, June 11th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 4.2%. Fidelity National Information Services’s dividend payout ratio is presently 34.11%.

Insider Activity

In other Fidelity National Information Services news, CEO Stephanie Ferris purchased 19,846 shares of Fidelity National Information Services stock in a transaction dated Thursday, March 5th. The shares were acquired at an average cost of $50.39 per share, with a total value of $1,000,039.94. Following the completion of the transaction, the chief executive officer owned 281,458 shares in the company, valued at approximately $14,182,668.62. This trade represents a 7.59% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.28% of the company’s stock.

Hedge Funds Weigh In On Fidelity National Information Services

Large investors have recently made changes to their positions in the business. Nordea Investment Management AB raised its stake in Fidelity National Information Services by 15.4% in the 4th quarter. Nordea Investment Management AB now owns 1,440,210 shares of the information technology services provider’s stock worth $96,048,000 after acquiring an additional 191,957 shares during the last quarter. AGF Management Ltd. purchased a new position in Fidelity National Information Services in the 3rd quarter worth $3,096,000. Clear Trail Advisors LLC purchased a new position in Fidelity National Information Services in the 4th quarter worth $2,590,000. Independent Advisor Alliance raised its stake in Fidelity National Information Services by 177.8% in the 3rd quarter. Independent Advisor Alliance now owns 39,987 shares of the information technology services provider’s stock worth $2,637,000 after acquiring an additional 25,593 shares during the last quarter. Finally, Assetmark Inc. raised its stake in Fidelity National Information Services by 45.1% in the 3rd quarter. Assetmark Inc. now owns 265,518 shares of the information technology services provider’s stock worth $17,508,000 after acquiring an additional 82,518 shares during the last quarter. 96.23% of the stock is 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.