Fidelity National Information Services’ (FIS) Equal Weight Rating Reiterated at Wells Fargo & Company

Wells Fargo & Company reissued their equal weight rating on shares of Fidelity National Information Services (NYSE:FIS) in a report published on Tuesday, MarketBeat reports. Wells Fargo & Company currently has a $46.00 price target on the information technology services provider’s stock, down from their previous price target of $58.00.

A number of other research firms have also issued reports on FIS. Weiss Ratings lowered Fidelity National Information Services from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, August 11th. TD Cowen lowered their price objective on Fidelity National Information Services from $62.00 to $58.00 and set a “buy” rating for the company in a research report on Wednesday, August 5th. BNP Paribas Exane cut 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, May 14th. The Goldman Sachs Group reduced 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 report on Monday, May 11th. Finally, UBS Group reiterated a “neutral” rating and issued a $49.00 price target (down from $63.00) on shares of Fidelity National Information Services in a research note on Wednesday, August 5th. Ten investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $53.96.

Fidelity National Information Services Stock Down 0.3%

Fidelity National Information Services stock opened at $40.53 on Tuesday. Fidelity National Information Services has a twelve month low of $37.42 and a twelve month high of $70.38. The stock’s fifty day simple moving average is $41.57 and its 200-day simple moving average is $44.42. 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 firm has a market capitalization of $20.95 billion, a P/E ratio of 6.23, a P/E/G ratio of 0.42 and a beta of 0.77.

Fidelity National Information Services (NYSE:FIS) last released its earnings results on Tuesday, August 4th. The information technology services provider reported $1.48 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $3.38 billion. During the same period last year, the business posted $1.36 earnings per share. Fidelity National Information Services’s revenue was up 29.1% compared to the same quarter last year. 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. As a group, equities analysts expect that Fidelity National Information Services will post 6.19 earnings per share for the current fiscal year.

Fidelity National Information Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 11th will be given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend is Friday, September 11th. Fidelity National Information Services’s dividend payout ratio is currently 27.04%.

Institutional Investors Weigh In On Fidelity National Information Services

Several hedge funds and other institutional investors have recently made changes to their positions in the business. BOKF NA lifted its stake in 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 during the last quarter. Fiduciary Trust Co raised its holdings in Fidelity National Information Services by 4.9% during the third quarter. Fiduciary Trust Co now owns 3,465 shares of the information technology services provider’s stock worth $228,000 after purchasing an additional 161 shares in the last quarter. FJ Capital Management LLC raised its holdings in Fidelity National Information Services by 4.7% during the second quarter. FJ Capital Management LLC now owns 3,600 shares of the information technology services provider’s stock worth $293,000 after purchasing an additional 163 shares in the last quarter. Horizon Investments LLC lifted its position in shares of Fidelity National Information Services by 2.6% during the 4th quarter. Horizon Investments LLC now owns 8,458 shares of the information technology services provider’s stock worth $562,000 after buying an additional 214 shares during the last quarter. Finally, Pinnacle Financial Partners Inc. boosted its holdings in shares of Fidelity National Information Services by 6.4% in the 3rd quarter. Pinnacle Financial Partners Inc. now owns 3,732 shares of the information technology services provider’s stock valued at $246,000 after buying an additional 223 shares in the last quarter. Institutional investors and hedge funds own 96.23% of the company’s stock.

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.