Fidelity National Information Services (NYSE:FIS) Rating Increased to Hold at Barclays

Barclays upgraded shares of Fidelity National Information Services (NYSE:FIS) to a hold rating in a research report report published on Tuesday,Zacks.com reports.

A number of other equities research analysts have also issued reports on FIS. UBS Group cut their price target on shares of Fidelity National Information Services from $73.00 to $63.00 and set a “buy” rating on the stock in a report on Monday, May 11th. BNP Paribas Exane lowered their price objective on shares of Fidelity National Information Services from $40.00 to $37.00 and set an “underperform” rating for the company in a research note on Thursday, May 14th. Deutsche Bank Aktiengesellschaft cut their target price on Fidelity National Information Services from $55.00 to $50.00 in a research note on Monday, May 11th. Truist Financial lowered their price target on Fidelity National Information Services from $50.00 to $45.00 and set a “hold” rating for the company in a research report on Thursday, May 28th. Finally, Oppenheimer dropped their price objective on Fidelity National Information Services from $69.00 to $62.00 in a report on Friday, May 8th. Thirteen research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $59.96.

Fidelity National Information Services Price Performance

Shares of Fidelity National Information Services stock opened at $41.55 on Tuesday. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.59 and a quick ratio of 0.59. Fidelity National Information Services has a one year low of $37.42 and a one year high of $82.62. The business’s 50 day simple moving average is $41.51 and its two-hundred day simple moving average is $49.30. The stock has a market capitalization of $21.48 billion, a P/E ratio of 8.05, a price-to-earnings-growth ratio of 0.40 and a beta of 0.80.

Fidelity National Information Services (NYSE:FIS) last issued 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 firm had revenue of $3.29 billion for the quarter, compared to analysts’ expectations of $3.28 billion. During the same quarter last year, the business earned $1.21 earnings per share. The business’s revenue was up 30.1% on a year-over-year basis. 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 forecast that Fidelity National Information Services will post 6.28 EPS for the current year.

Fidelity National Information Services Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Thursday, June 11th were issued a dividend of $0.44 per share. The ex-dividend date was 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 34.11%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in FIS. Dodge & Cox raised its holdings in Fidelity National Information Services by 13.9% in the fourth quarter. Dodge & Cox now owns 49,113,297 shares of the information technology services provider’s stock worth $3,264,070,000 after purchasing an additional 6,008,090 shares in the last quarter. Capital Research Global Investors boosted its holdings in shares of Fidelity National Information Services by 0.6% during the 4th quarter. Capital Research Global Investors now owns 28,129,710 shares of the information technology services provider’s stock valued at $1,869,507,000 after buying an additional 172,356 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Fidelity National Information Services by 4.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 11,196,718 shares of the information technology services provider’s stock worth $744,134,000 after buying an additional 514,490 shares during the period. Invesco Ltd. grew its position in shares of Fidelity National Information Services by 5.6% in the 3rd quarter. Invesco Ltd. now owns 8,515,321 shares of the information technology services provider’s stock worth $561,500,000 after buying an additional 448,712 shares during the period. Finally, Norges Bank bought a new position in shares of Fidelity National Information Services in the 4th quarter worth about $495,956,000. Hedge funds and other institutional investors own 96.23% of the company’s stock.

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.