Stephens Cuts Fidelity National Information Services (NYSE:FIS) Price Target to $90.00

Fidelity National Information Services (NYSE:FIS) had its price target trimmed by Stephens from $100.00 to $90.00 in a research note issued to investors on Thursday,Fidelity reports. The firm currently has an overweight rating on the information technology services provider’s stock.

FIS has been the subject of a number of other reports. Robert W. Baird upped their price objective on shares of Fidelity National Information Services from $82.00 to $86.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 16th. Susquehanna reduced their target price on shares of Fidelity National Information Services from $81.00 to $77.00 and set a “neutral” rating for the company in a research report on Friday, September 12th. UBS Group raised shares of Fidelity National Information Services from a “neutral” rating to a “buy” rating and set a $82.00 target price for the company in a research report on Tuesday, September 30th. Keefe, Bruyette & Woods reduced their target price on shares of Fidelity National Information Services from $88.00 to $85.00 and set an “outperform” rating for the company in a research report on Wednesday, October 1st. Finally, Truist Financial increased their target price on shares of Fidelity National Information Services from $84.00 to $85.00 and gave the company a “hold” rating in a research report on Thursday, July 17th. Thirteen equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $89.33.

Fidelity National Information Services Trading Up 1.8%

Shares of FIS stock opened at $66.96 on Thursday. Fidelity National Information Services has a 52-week low of $63.00 and a 52-week high of $91.98. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.59 and a current ratio of 0.59. The company has a 50-day simple moving average of $67.92 and a two-hundred day simple moving average of $74.58. The company has a market capitalization of $34.98 billion, a price-to-earnings ratio of 372.04 and a beta of 1.05.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings data on Tuesday, August 5th. The information technology services provider reported $1.36 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.36. Fidelity National Information Services had a net margin of 1.09% and a return on equity of 18.73%. The business had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $2.57 billion. During the same period in the prior year, the firm posted $1.36 EPS. The firm’s quarterly revenue was up 5.1% compared to the same quarter last year. Fidelity National Information Services has set its Q3 2025 guidance at 1.460-1.500 EPS. FY 2025 guidance at 5.720-5.800 EPS. Research analysts anticipate that Fidelity National Information Services will post 5.74 EPS for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 24th. Investors of record on Wednesday, September 10th were issued a $0.40 dividend. The ex-dividend date of this dividend was Wednesday, September 10th. This represents a $1.60 annualized dividend and a yield of 2.4%. Fidelity National Information Services’s dividend payout ratio (DPR) is 888.89%.

Insider Transactions at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein bought 889 shares of the stock in a transaction on Wednesday, October 15th. The shares were acquired at an average cost of $67.66 per share, for a total transaction of $60,149.74. Following the purchase, the director directly owned 13,588 shares of the company’s stock, valued at $919,364.08. This trade represents a 7.00% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.21% of the stock is owned by corporate insiders.

Institutional Trading of Fidelity National Information Services

Several institutional investors and hedge funds have recently bought and sold shares of the company. Monetary Management Group Inc. lifted its stake in Fidelity National Information Services by 2.8% in the 1st quarter. Monetary Management Group Inc. now owns 4,960 shares of the information technology services provider’s stock worth $370,000 after purchasing an additional 135 shares in the last quarter. Phoenix Wealth Advisors lifted its stake in Fidelity National Information Services by 0.4% in the 1st quarter. Phoenix Wealth Advisors now owns 30,861 shares of the information technology services provider’s stock worth $2,305,000 after purchasing an additional 135 shares in the last quarter. CX Institutional lifted its stake in Fidelity National Information Services by 2.3% in the 2nd quarter. CX Institutional now owns 6,317 shares of the information technology services provider’s stock worth $514,000 after purchasing an additional 140 shares in the last quarter. Stonebrook Private Inc. lifted its stake in Fidelity National Information Services by 0.6% in the 1st quarter. Stonebrook Private Inc. now owns 24,424 shares of the information technology services provider’s stock worth $1,824,000 after purchasing an additional 146 shares in the last quarter. Finally, Private Trust Co. NA lifted its stake in Fidelity National Information Services by 9.9% in the 1st quarter. Private Trust Co. NA now owns 1,660 shares of the information technology services provider’s stock worth $124,000 after purchasing an additional 149 shares in the last quarter. 96.23% of the stock is currently owned by hedge funds and other institutional investors.

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.