Piper Sandler Begins Coverage on Fidelity National Information Services (NYSE:FIS)

Piper Sandler assumed coverage on shares of Fidelity National Information Services (NYSE:FIS) in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage set a “neutral” rating and a $42.00 price target on the information technology services provider’s stock. Piper Sandler’s price target suggests a potential upside of 9.04% from the company’s current price.

A number of other analysts also recently issued reports on the stock. UBS Group restated a “neutral” rating and set a $49.00 price target (down from $63.00) on shares of Fidelity National Information Services in a report on Wednesday, August 5th. Weiss Ratings upgraded shares of Fidelity National Information Services from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, August 25th. Wolfe Research lifted their price objective on shares of Fidelity National Information Services from $53.00 to $54.00 and gave the company an “outperform” rating in a research note on Tuesday, August 25th. Barclays cut their price target on shares of Fidelity National Information Services from $44.00 to $43.00 and set an “equal weight” rating for the company in a report on Wednesday, August 5th. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating and set a $46.00 price objective (down from $58.00) on shares of Fidelity National Information Services in a report on Tuesday, August 25th. Ten investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Fidelity National Information Services presently has a consensus rating of “Hold” and an average price target of $53.46.

Fidelity National Information Services Stock Performance

Shares of NYSE FIS opened at $38.52 on Friday. The company has a 50 day simple moving average of $41.93 and a two-hundred day simple moving average of $43.87. The stock has a market cap of $19.91 billion, a price-to-earnings ratio of 5.92, a PEG ratio of 0.40 and a beta of 0.79. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.96. Fidelity National Information Services has a 12 month low of $37.42 and a 12 month high of $69.14.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings data on Tuesday, August 4th. The information technology services provider reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $3.38 billion during the quarter, compared to analysts’ expectations of $3.38 billion. During the same quarter in the previous year, the firm posted $1.36 EPS. The company’s revenue for the quarter 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. As a group, analysts predict that Fidelity National Information Services will post 6.19 earnings per share for the current year.

Hedge Funds Weigh In On Fidelity National Information Services

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Brighton Jones LLC acquired a new position in Fidelity National Information Services in the fourth quarter worth approximately $347,000. Geneos Wealth Management Inc. increased its stake in shares of Fidelity National Information Services by 70.1% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,046 shares of the information technology services provider’s stock worth $78,000 after purchasing an additional 431 shares during the last quarter. Sivia Capital Partners LLC bought a new stake in Fidelity National Information Services in the second quarter worth $302,000. Marshall Wace LLP acquired a new position in Fidelity National Information Services during the second quarter worth $4,896,000. Finally, Cresset Asset Management LLC increased its position in Fidelity National Information Services by 20.5% during the second quarter. Cresset Asset Management LLC now owns 5,290 shares of the information technology services provider’s stock worth $431,000 after buying an additional 901 shares during the last quarter. 96.23% of the stock is currently owned by institutional investors and hedge funds.

About Fidelity National Information Services

Fidelity National Information Services, Inc (NYSE:FIS) is a global financial technology company that provides software, services and technology solutions to banks, credit unions, wealth management firms, capital markets institutions and other financial organizations. Its offerings support core banking, digital banking, payments processing, fraud prevention, risk management, compliance, data analytics and customer engagement.

FIS provides platforms for account processing, transaction processing, lending, treasury management, card and payment operations, and investment management.