Fidelity National Information Services (NYSE:FIS) Downgraded by Wall Street Zen to “Hold”

Wall Street Zen downgraded shares of Fidelity National Information Services (NYSE:FIS) from a buy rating to a hold rating in a report issued on Sunday.

Several other analysts have also recently issued reports on the stock. The Goldman Sachs Group lowered their target price on shares of Fidelity National Information Services from $65.00 to $57.00 and set a “buy” rating on the stock in a research note on Monday, May 11th. BNP Paribas Exane lowered their target price on shares of Fidelity National Information Services from $40.00 to $37.00 and set an “underperform” rating on the stock in a research note on Thursday. Wolfe Research lowered their target price on shares of Fidelity National Information Services from $90.00 to $70.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 25th. Truist Financial lowered their target price on shares of Fidelity National Information Services from $57.00 to $50.00 and set a “hold” rating on the stock in a research note on Friday, April 24th. Finally, Keefe, Bruyette & Woods lowered their target price on shares of Fidelity National Information Services from $72.00 to $68.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 7th. Thirteen research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $61.57.

Fidelity National Information Services Stock Performance

NYSE FIS opened at $41.81 on Friday. Fidelity National Information Services has a 1 year low of $41.33 and a 1 year high of $82.74. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.59 and a quick ratio of 0.59. The stock has a market capitalization of $21.61 billion, a PE ratio of 8.10, a P/E/G ratio of 0.41 and a beta of 0.82. The company’s 50 day simple moving average is $47.14 and its two-hundred day simple moving average is $55.98.

Fidelity National Information Services (NYSE:FIS) last posted its earnings results on Friday, May 8th. The information technology services provider reported $1.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.08. Fidelity National Information Services had a net margin of 23.35% and a return on equity of 21.30%. The business had revenue of $3.30 billion for the quarter, compared to analysts’ expectations of $3.28 billion. During the same period in the prior year, the company posted $1.21 EPS. The business’s revenue for the quarter was up 30.1% compared to the same quarter last year. 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. Analysts predict that Fidelity National Information Services will post 6.27 earnings per share for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The business also recently disclosed 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 is Thursday, June 11th. This represents a $1.76 annualized dividend and a dividend yield of 4.2%. Fidelity National Information Services’s dividend payout ratio (DPR) is 34.11%.

Insider Buying and Selling at Fidelity National Information Services

In related news, CEO Stephanie Ferris acquired 19,846 shares of the stock in a transaction dated Thursday, March 5th. The shares were purchased at an average price of $50.39 per share, for a total transaction of $1,000,039.94. Following the transaction, the chief executive officer owned 281,458 shares in the company, valued at $14,182,668.62. This represents a 7.59% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.28% of the company’s stock.

Institutional Trading of Fidelity National Information Services

Several institutional investors have recently added to or reduced their stakes in the business. Dodge & Cox grew its stake in shares of Fidelity National Information Services by 22.2% during the third quarter. Dodge & Cox now owns 43,105,207 shares of the information technology services provider’s stock valued at $2,842,357,000 after buying an additional 7,830,710 shares during the last quarter. Norges Bank bought a new position in shares of Fidelity National Information Services during the fourth quarter valued at about $495,956,000. Balyasny Asset Management L.P. grew its stake in shares of Fidelity National Information Services by 585.9% during the third quarter. Balyasny Asset Management L.P. now owns 2,365,322 shares of the information technology services provider’s stock valued at $155,969,000 after buying an additional 2,852,118 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of Fidelity National Information Services by 228.7% during the first quarter. Arrowstreet Capital Limited Partnership now owns 3,015,663 shares of the information technology services provider’s stock valued at $141,465,000 after buying an additional 2,098,139 shares during the last quarter. Finally, Renaissance Technologies LLC bought a new position in shares of Fidelity National Information Services during the first quarter valued at about $82,962,000. 96.23% of the stock is currently 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.