Fidelity National Information Services (NYSE:FIS) Stock Gets Price Target Cut from TD Cowen

Fidelity National Information Services (NYSE:FIS) had its price target trimmed by TD Cowen from $53.00 to $47.00 in a report published on Friday,Benzinga reports. The brokerage currently has a buy rating on the information technology services provider’s stock.

Other equities research analysts have also recently issued research reports about the stock. Morgan Stanley started coverage on shares of Fidelity National Information Services in a research note on Tuesday, July 7th. They issued an “equal weight” rating and a $47.00 price target on the stock. Weiss Ratings cut shares of Fidelity National Information Services from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, September 10th. Royal Bank Of Canada reduced their price objective on shares of Fidelity National Information Services from $57.00 to $53.00 and set an “outperform” rating for the company in a research report on Wednesday, August 5th. 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. Finally, Citigroup dropped their target price on shares of Fidelity National Information Services from $48.00 to $45.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 5th. Ten investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Fidelity National Information Services presently has an average rating of “Hold” and a consensus price target of $52.28.

Fidelity National Information Services Stock Up 0.1%

Shares of FIS opened at $34.09 on Friday. 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 $32.10 and a 12 month high of $69.04. The stock’s 50 day moving average is $38.80 and its two-hundred day moving average is $41.65. The firm has a market cap of $17.62 billion, a P/E ratio of 5.24, a PEG ratio of 0.36 and a beta of 0.81.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings data on Tuesday, August 4th. The information technology services provider reported $1.48 EPS for the quarter, beating analysts’ consensus estimates 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 business’s revenue was up 29.1% compared to the same quarter last year. During the same period in the previous year, the business 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. Analysts predict that Fidelity National Information Services will post 6.20 earnings per share for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Friday, September 11th were issued a dividend of $0.44 per share. The ex-dividend date of this dividend was Friday, September 11th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 5.2%. Fidelity National Information Services’s dividend payout ratio is presently 27.04%.

Hedge Funds Weigh In On Fidelity National Information Services

Hedge funds and other institutional investors have recently made changes to their positions in the company. GAMMA Investing LLC boosted its position in Fidelity National Information Services by 4.7% during the third quarter. GAMMA Investing LLC now owns 7,772 shares of the information technology services provider’s stock worth $256,000 after acquiring an additional 349 shares during the last quarter. Investors Research Corp grew its stake in Fidelity National Information Services by 4.6% during the 3rd quarter. Investors Research Corp now owns 8,450 shares of the information technology services provider’s stock valued at $278,000 after acquiring an additional 369 shares in the last quarter. Bank & Trust Co purchased a new stake in Fidelity National Information Services during the 3rd quarter valued at about $51,000. Benedict Financial Advisors Inc. grew its stake in Fidelity National Information Services by 5.5% during the 3rd quarter. Benedict Financial Advisors Inc. now owns 67,669 shares of the information technology services provider’s stock valued at $2,226,000 after acquiring an additional 3,538 shares in the last quarter. Finally, QRG Capital Management Inc. raised its holdings in Fidelity National Information Services by 8.3% in the 2nd quarter. QRG Capital Management Inc. now owns 27,830 shares of the information technology services provider’s stock valued at $1,082,000 after acquiring an additional 2,139 shares during the last quarter. Hedge funds and other institutional investors own 96.23% of the company’s stock.

About Fidelity National Information Services

Fidelity National Information Services, Inc (NYSE:FIS) is a global financial technology company that provides software, payments, and transaction-processing solutions to financial institutions, businesses, and other organizations. Its offerings help clients manage banking operations, digital accounts, payments, risk, compliance, and customer relationships.

FIS provides core processing and digital banking platforms, payment processing and merchant solutions, fraud and security tools, and technology for lending, wealth management, and capital markets.