TD Cowen Cuts Fidelity National Information Services (NYSE:FIS) Price Target to $53.00

Fidelity National Information Services (NYSE:FIS) had its price objective trimmed by TD Cowen from $58.00 to $53.00 in a research note released on Wednesday morning,Benzinga reports. The brokerage currently has a buy rating on the information technology services provider’s stock.

Other analysts also recently issued research reports about the stock. Stephens reaffirmed an “equal weight” rating and set a $50.00 price objective on shares of Fidelity National Information Services in a research report on Tuesday, August 11th. Wells Fargo & Company reissued an “equal weight” rating and set a $46.00 target price (down from $58.00) on shares of Fidelity National Information Services in a research note on Tuesday. UBS Group restated a “neutral” rating and issued a $49.00 price target (down from $63.00) on shares of Fidelity National Information Services in a report on Wednesday, August 5th. Citigroup decreased their price target on shares of Fidelity National Information Services from $48.00 to $45.00 and set a “neutral” rating for the company in a research note on Wednesday, August 5th. Finally, Barclays dropped their price objective on shares of Fidelity National Information Services from $44.00 to $43.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 5th. Ten research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Fidelity National Information Services currently has an average rating of “Hold” and a consensus target price of $53.96.

Fidelity National Information Services Stock Up 2.2%

Shares of NYSE:FIS opened at $41.45 on Wednesday. The company has a market capitalization of $21.42 billion, a price-to-earnings ratio of 6.37, a P/E/G ratio of 0.42 and a beta of 0.77. 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 business’s 50-day moving average is $41.64 and its 200-day moving average is $44.39. Fidelity National Information Services has a 1 year low of $37.42 and a 1 year high of $70.38.

Fidelity National Information Services (NYSE:FIS) last released its earnings results on Tuesday, August 4th. The information technology services provider reported $1.48 EPS for the quarter, topping the consensus estimate of $1.47 by $0.01. The business had revenue of $3.38 billion during the quarter, compared to analysts’ expectations of $3.38 billion. Fidelity National Information Services had a return on equity of 20.95% and a net margin of 27.64%.The firm’s revenue was up 29.1% on a year-over-year basis. During the same quarter last year, the firm posted $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. Equities research analysts predict that Fidelity National Information Services will post 6.19 earnings per share for the current year.

Fidelity National Information Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 11th will be paid a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date is Friday, September 11th. Fidelity National Information Services’s payout ratio is 27.04%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in FIS. MBM Wealth Consultants LLC bought a new stake in shares of Fidelity National Information Services during the first quarter worth about $33,000. Reflection Asset Management bought a new position in Fidelity National Information Services in the 4th quarter valued at about $34,000. Kemnay Advisory Services Inc. bought a new position in Fidelity National Information Services in the 4th quarter valued at about $42,000. DV Equities LLC acquired a new position in Fidelity National Information Services during the 4th quarter valued at about $48,000. Finally, Hantz Financial Services Inc. increased its holdings in Fidelity National Information Services by 254.5% during the 4th quarter. Hantz Financial Services Inc. now owns 833 shares of the information technology services provider’s stock worth $55,000 after purchasing an additional 598 shares in the last quarter. 96.23% of the stock is owned by 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.