Fidelity National Information Services (NYSE:FIS) Earns “Outperform” Rating from William Blair

Fidelity National Information Services (NYSE:FIS)‘s stock had its “outperform” rating restated by equities researchers at William Blair in a research report issued on Tuesday, RTT News reports. William Blair also issued estimates for Fidelity National Information Services’ Q2 2024 earnings at $1.23 EPS, Q3 2024 earnings at $1.29 EPS, Q4 2024 earnings at $1.32 EPS, FY2024 earnings at $4.93 EPS, Q1 2025 earnings at $1.24 EPS, Q2 2025 earnings at $1.30 EPS, Q3 2025 earnings at $1.38 EPS, Q4 2025 earnings at $1.43 EPS and FY2025 earnings at $5.33 EPS.

Several other research firms also recently commented on FIS. Robert W. Baird lifted their price target on shares of Fidelity National Information Services from $78.00 to $82.00 and gave the stock a “neutral” rating in a research note on Tuesday. Morgan Stanley upped their price target on shares of Fidelity National Information Services from $73.00 to $77.00 and gave the company an “overweight” rating in a research report on Tuesday, February 27th. BNP Paribas downgraded Fidelity National Information Services from an “outperform” rating to a “neutral” rating and set a $72.00 price objective on the stock. in a report on Thursday, April 11th. TheStreet upgraded Fidelity National Information Services from a “d” rating to a “c” rating in a report on Monday, February 26th. Finally, Royal Bank of Canada lifted their price target on Fidelity National Information Services from $75.00 to $82.00 and gave the stock an “outperform” rating in a research note on Tuesday. Eight equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $76.79.

Fidelity National Information Services Stock Performance

NYSE FIS opened at $74.05 on Tuesday. Fidelity National Information Services has a 52-week low of $46.91 and a 52-week high of $75.71. The company has a fifty day moving average of $70.79 and a 200-day moving average of $62.91. The company has a market capitalization of $41.58 billion, a P/E ratio of -6.59, a P/E/G ratio of 0.88 and a beta of 0.98. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.75 and a current ratio of 0.75.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings results on Monday, May 6th. The information technology services provider reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.96 by $0.14. The firm had revenue of $2.47 billion during the quarter, compared to analyst estimates of $2.44 billion. Fidelity National Information Services had a positive return on equity of 13.06% and a negative net margin of 54.30%. The company’s revenue was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.29 earnings per share. As a group, equities research analysts predict that Fidelity National Information Services will post 4.71 EPS for the current fiscal year.

Fidelity National Information Services announced that its board has approved a stock repurchase program on Monday, February 26th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the information technology services provider to buy up to 1.3% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein purchased 775 shares of the company’s stock in a transaction dated Monday, April 15th. The shares were purchased at an average cost of $72.37 per share, with a total value of $56,086.75. Following the transaction, the director now directly owns 9,052 shares in the company, valued at approximately $655,093.24. The purchase was disclosed in a document filed with the SEC, which is available through this link. Insiders own 0.68% of the company’s stock.

Hedge Funds Weigh In On Fidelity National Information Services

A number of hedge funds have recently bought and sold shares of FIS. OFI Invest Asset Management bought a new stake in Fidelity National Information Services during the 3rd quarter valued at about $25,000. Baystate Wealth Management LLC boosted its holdings in Fidelity National Information Services by 332.1% in the third quarter. Baystate Wealth Management LLC now owns 484 shares of the information technology services provider’s stock worth $27,000 after purchasing an additional 372 shares during the last quarter. EdgeRock Capital LLC bought a new stake in Fidelity National Information Services in the 4th quarter worth approximately $29,000. Rise Advisors LLC bought a new position in shares of Fidelity National Information Services during the 1st quarter valued at $29,000. Finally, Delta Asset Management LLC TN boosted its stake in shares of Fidelity National Information Services by 600.0% in the 4th quarter. Delta Asset Management LLC TN now owns 525 shares of the information technology services provider’s stock worth $32,000 after buying an additional 450 shares during the last quarter. Institutional investors own 96.23% of the company’s stock.

About Fidelity National Information Services

Fidelity National Information Services, Inc engages in the provision of financial services technology solutions for financial institutions, businesses, and developers worldwide. It operates through Banking Solutions, Capital Market Solutions, and Corporate and Other segments. The company provides core processing and ancillary applications; mobile and online banking; fraud, risk management, and compliance; card and retail payment; electronic funds transfer and network; wealth and retirement; and item processing and output solutions.