Fidelity National Information Services (NYSE:FIS) Stock Price Expected to Rise, Wolfe Research Analyst Says

Fidelity National Information Services (NYSE:FIS) had its target price lifted by Wolfe Research from $53.00 to $54.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has an “outperform” rating on the information technology services provider’s stock. Wolfe Research’s target price would indicate a potential upside of 33.18% from the company’s previous close.

A number of other equities research analysts have also weighed in on the company. Weiss Ratings lowered Fidelity National Information Services from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, August 11th. Morgan Stanley started coverage on shares of Fidelity National Information Services in a research report on Tuesday, July 7th. They issued an “equal weight” rating and a $47.00 price objective for the company. Wells Fargo & Company reiterated an “equal weight” rating and issued a $46.00 target price (down from $58.00) on shares of Fidelity National Information Services in a research note on Tuesday. Cantor Fitzgerald dropped their target price on shares of Fidelity National Information Services from $55.00 to $50.00 and set an “overweight” rating on the stock in a research report on Monday, August 10th. Finally, Royal Bank Of Canada cut their price target on shares of Fidelity National Information Services from $57.00 to $53.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 5th. Ten equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Fidelity National Information Services has an average rating of “Hold” and an average price target of $54.17.

Fidelity National Information Services Stock Down 2.1%

Shares of FIS stock traded down $0.85 during trading hours on Tuesday, reaching $40.55. 825,474 shares of the company’s stock were exchanged, compared to its average volume of 5,973,557. Fidelity National Information Services has a fifty-two week low of $37.42 and a fifty-two week high of $71.57. The stock’s 50 day moving average is $41.47 and its 200-day moving average is $44.65. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.96. The company has a market cap of $20.96 billion, a price-to-earnings ratio of 6.25, a P/E/G ratio of 0.42 and a beta of 0.77.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings data on Tuesday, August 4th. The information technology services provider reported $1.48 earnings per share for the quarter, topping analysts’ consensus estimates of $1.47 by $0.01. Fidelity National Information Services had a return on equity of 20.95% and a net margin of 27.64%.The firm had revenue of $3.38 billion during the quarter, compared to analysts’ expectations of $3.38 billion. During the same quarter last year, the firm earned $1.36 EPS. The business’s quarterly revenue was up 29.1% on a year-over-year basis. Fidelity National Information Services has set its FY 2026 guidance at 6.150-6.240 EPS and its Q3 2026 guidance at 1.580-1.620 EPS. Analysts predict that Fidelity National Information Services will post 6.19 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Fidelity National Information Services

Several hedge funds have recently modified their holdings of the company. BOKF NA increased its stake in shares of Fidelity National Information Services by 0.6% during the third quarter. BOKF NA now owns 28,031 shares of the information technology services provider’s stock worth $1,848,000 after purchasing an additional 159 shares in the last quarter. Fiduciary Trust Co boosted its holdings in Fidelity National Information Services by 4.9% in the 3rd quarter. Fiduciary Trust Co now owns 3,465 shares of the information technology services provider’s stock worth $228,000 after buying an additional 161 shares during the last quarter. FJ Capital Management LLC increased its stake in Fidelity National Information Services by 4.7% during the 2nd quarter. FJ Capital Management LLC now owns 3,600 shares of the information technology services provider’s stock worth $293,000 after buying an additional 163 shares in the last quarter. Horizon Investments LLC raised its holdings in shares of Fidelity National Information Services by 2.6% during the fourth quarter. Horizon Investments LLC now owns 8,458 shares of the information technology services provider’s stock valued at $562,000 after acquiring an additional 214 shares during the last quarter. Finally, Pinnacle Financial Partners Inc. lifted its position in shares of Fidelity National Information Services by 6.4% in the third quarter. Pinnacle Financial Partners Inc. now owns 3,732 shares of the information technology services provider’s stock valued at $246,000 after acquiring an additional 223 shares in the last quarter. 96.23% of the stock is 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.