Fidelity National Information Services (NYSE:FIS) Stock Crosses Above 50 Day Moving Average – Here’s What Happened

Fidelity National Information Services, Inc. (NYSE:FIS) crossed above its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of $37.02 and traded as high as $37.28. Fidelity National Information Services shares last traded at $37.2080, with a volume of 5,117,837 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. The Goldman Sachs Group reduced their price target on Fidelity National Information Services from $52.00 to $44.00 and set a “buy” rating for the company in a report on Tuesday, October 13th. Deutsche Bank Aktiengesellschaft cut their price objective on Fidelity National Information Services from $45.00 to $40.00 and set a “hold” rating for the company in a research report on Tuesday, September 29th. Barclays reduced their price target on shares of Fidelity National Information Services from $43.00 to $38.00 and set an “equal weight” rating for the company in a report on Friday, October 9th. UBS Group reissued a “neutral” rating on shares of Fidelity National Information Services in a report on Monday, September 21st. Finally, Weiss Ratings cut shares of Fidelity National Information Services from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, September 10th. Eleven analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Fidelity National Information Services has an average rating of “Hold” and an average target price of $49.04.

Fidelity National Information Services Stock Performance

The company has a market capitalization of $19.23 billion, a P/E ratio of 5.72, a P/E/G ratio of 0.43 and a beta of 0.81. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.53 and a quick ratio of 0.53. The stock’s 50 day simple moving average is $37.02 and its two-hundred day simple moving average is $44.03.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings results on Tuesday, August 4th. The information technology services provider reported $1.48 EPS for the quarter, beating the consensus estimate of $1.47 by $0.01. The business had revenue of $3.38 billion for the quarter, compared to analysts’ expectations of $3.38 billion. Fidelity National Information Services had a net margin of 27.64% and a return on equity of 20.95%. Fidelity National Information Services’s revenue was up 29.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.36 earnings per share. 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, research analysts expect that Fidelity National Information Services, Inc. will post 6.20 earnings per share for the current year.

Fidelity National Information Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 28th. Stockholders of record on Monday, December 14th will be given a dividend of $0.44 per share. The ex-dividend date is Monday, December 14th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 4.7%. Fidelity National Information Services’s payout ratio is presently 27.04%.

Insider Activity

In other news, Director Jeffrey Goldstein purchased 1,585 shares of the business’s stock in a transaction dated Thursday, October 15th. The shares were acquired at an average price of $36.40 per share, with a total value of $57,694.00. Following the completion of the purchase, the director directly owned 18,697 shares of the company’s stock, valued at $680,570.80. The trade was a 9.26% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.28% of the stock is owned by company insiders.

Institutional Trading of Fidelity National Information Services

Several institutional investors and hedge funds have recently added to or reduced their stakes in FIS. BlackRock Inc. bought a new position in shares of Fidelity National Information Services in the 2nd quarter valued at about $1,730,200,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in shares of Fidelity National Information Services during the 2nd quarter worth approximately $219,162,000. Bank of America Corp DE bought a new stake in shares of Fidelity National Information Services during the second quarter worth approximately $189,387,000. Arrowstreet Capital Limited Partnership raised 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 worth $141,465,000 after buying an additional 2,098,139 shares during the last quarter. Finally, Legal & General Group Plc acquired a new position in Fidelity National Information Services in the second quarter valued at approximately $129,815,000. 96.23% of the stock is owned by institutional investors.

Fidelity National Information Services Company Profile

Fidelity National Information Services, Inc (NYSE:FIS) is a global financial technology company that provides software, services and technology infrastructure to banks, financial institutions, merchants and other businesses. Its solutions are designed to support transaction processing, digital banking, payments, risk management and other essential financial operations.

FIS offers core banking and digital banking platforms, card and payment processing services, fraud and financial crime prevention tools, and technologies that help financial institutions manage accounts, lending and other banking activities.