Fidelity National Information Services (NYSE:FIS) Coverage Initiated at Cantor Fitzgerald

Equities research analysts at Cantor Fitzgerald began coverage on shares of Fidelity National Information Services (NYSE:FIS) in a research note issued to investors on Tuesday, MarketBeat Ratings reports. The brokerage set an “overweight” rating and a $72.00 price target on the information technology services provider’s stock. Cantor Fitzgerald’s target price indicates a potential upside of 28.20% from the company’s current price.

FIS has been the subject of a number of other reports. Wells Fargo & Company initiated coverage on shares of Fidelity National Information Services in a report on Wednesday, October 22nd. They set an “overweight” rating and a $81.00 price target for the company. KeyCorp restated a “hold” rating on shares of Fidelity National Information Services in a research note on Wednesday, October 22nd. JPMorgan Chase & Co. lowered their target price 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. Jefferies Financial Group cut their price target on Fidelity National Information Services from $75.00 to $70.00 and set a “hold” rating for the company in a report on Tuesday, October 14th. Finally, Truist Financial lowered their price objective on shares of Fidelity National Information Services from $72.00 to $70.00 and set a “hold” rating on the stock in a research note on Wednesday, November 19th. Twelve research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $79.53.

Fidelity National Information Services Stock Down 3.3%

FIS opened at $56.16 on Tuesday. The firm has a market cap of $29.08 billion, a P/E ratio of 208.01, a price-to-earnings-growth ratio of 0.86 and a beta of 0.93. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.53 and a current ratio of 0.53. The business has a 50 day moving average price of $65.00 and a 200 day moving average price of $67.90. Fidelity National Information Services has a twelve month low of $56.02 and a twelve month high of $83.97.

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

Insiders Place Their Bets

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein purchased 941 shares of the company’s stock in a transaction that occurred on Thursday, January 15th. The stock was purchased at an average price of $64.11 per share, with a total value of $60,327.51. Following the completion of the transaction, the director directly owned 14,529 shares of the company’s stock, valued at approximately $931,454.19. This trade represents a 6.93% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.21% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Fidelity National Information Services

Several large investors have recently modified their holdings of FIS. Brighton Jones LLC acquired a new stake in Fidelity National Information Services in the 4th quarter valued at $347,000. Geneos Wealth Management Inc. boosted its stake in shares of Fidelity National Information Services by 70.1% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,046 shares of the information technology services provider’s stock valued at $78,000 after purchasing an additional 431 shares in the last quarter. Sivia Capital Partners LLC bought a new stake in shares of Fidelity National Information Services in the 2nd quarter worth about $302,000. Farther Finance Advisors LLC grew its holdings in shares of Fidelity National Information Services by 34.9% in the 2nd quarter. Farther Finance Advisors LLC now owns 4,336 shares of the information technology services provider’s stock worth $353,000 after purchasing an additional 1,122 shares during the last quarter. Finally, Patton Fund Management Inc. bought a new position in Fidelity National Information Services during the 2nd quarter valued at about $226,000. 96.23% of the stock is currently owned by institutional investors.

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.