Fidelity National Information Services (NYSE:FIS) Now Covered by Bank of America

Analysts at Bank of America started coverage on shares of Fidelity National Information Services (NYSE:FIS) in a research note issued to investors on Thursday. The firm set a “buy” rating and a $42.00 price target on the information technology services provider’s stock. Bank of America‘s price target would suggest a potential upside of 13.73% from the stock’s previous close.

Several other research analysts have also issued reports on the company. Robert W. Baird dropped their target price on Fidelity National Information Services from $48.00 to $45.00 and set a “neutral” rating for the company in a research report on Friday, September 25th. Truist Financial reduced their price target on Fidelity National Information Services from $45.00 to $43.00 and set a “hold” rating on the stock in a report on Friday, July 24th. The Goldman Sachs Group decreased their price target on Fidelity National Information Services from $52.00 to $44.00 and set a “buy” rating for the company in a research note on Tuesday. Stephens restated an “equal weight” rating and set a $50.00 price objective on shares of Fidelity National Information Services in a report on Tuesday, August 11th. Finally, Cantor Fitzgerald dropped their price objective on Fidelity National Information Services from $55.00 to $50.00 and set an “overweight” rating for the company in a report on Monday, August 10th. Eleven equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Fidelity National Information Services has an average rating of “Hold” and a consensus target price of $49.92.

Fidelity National Information Services Trading Up 4.1%

FIS stock traded up $1.46 during mid-day trading on Thursday, reaching $36.93. 402,480 shares of the stock traded hands, compared to its average volume of 6,032,420. Fidelity National Information Services has a one year low of $32.10 and a one year high of $68.98. The stock has a market capitalization of $19.09 billion, a PE ratio of 5.68, a PEG ratio of 0.37 and a beta of 0.81. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.53 and a current ratio of 0.53. The business has a 50-day moving average price of $38.26 and a two-hundred day moving average price of $41.38.

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, topping the consensus estimate of $1.47 by $0.01. Fidelity National Information Services had a net margin of 27.64% and a return on equity of 20.95%. The firm had revenue of $3.38 billion during the quarter, compared to analyst estimates of $3.38 billion. During the same quarter last year, the business earned $1.36 EPS. The business’s revenue 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. Equities research analysts expect that Fidelity National Information Services will post 6.20 EPS for the current year.

Hedge Funds Weigh In On Fidelity National Information Services

A number of institutional investors have recently modified their holdings of the stock. BlackRock Inc. purchased a new stake in shares of Fidelity National Information Services in the second quarter valued at approximately $1,730,200,000. OP Asset Management Ltd purchased a new position in Fidelity National Information Services during the 1st quarter worth $2,509,000. South Dakota Investment Council raised its position in Fidelity National Information Services by 46.2% during the 1st quarter. South Dakota Investment Council now owns 228,021 shares of the information technology services provider’s stock valued at $10,696,000 after purchasing an additional 72,040 shares in the last quarter. Bank of Nova Scotia bought a new stake in Fidelity National Information Services during the 2nd quarter valued at $2,448,000. Finally, Nykredit A S bought a new stake in Fidelity National Information Services during the 2nd quarter valued at $5,143,000. 96.23% of the stock is owned by hedge funds and other institutional investors.

Fidelity National Information Services Company Profile

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.