Fidelity National Information Services, Inc. (NYSE:FIS) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Fidelity National Information Services, Inc. (NYSE:FIS) have earned an average recommendation of “Moderate Buy” from the nineteen analysts that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and eleven have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $84.4375.

Several equities research analysts have issued reports on the company. Wells Fargo & Company started coverage on Fidelity National Information Services in a report on Wednesday, October 22nd. They set an “overweight” rating and a $81.00 price objective on the stock. Keefe, Bruyette & Woods decreased their price target 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. Weiss Ratings restated a “sell (d)” rating on shares of Fidelity National Information Services in a research note on Wednesday, October 8th. Citigroup upgraded shares of Fidelity National Information Services to a “hold” rating in a research note on Thursday, October 23rd. Finally, Truist Financial decreased their price objective on shares of Fidelity National Information Services from $72.00 to $70.00 and set a “hold” rating for the company in a report on Wednesday, November 19th.

Fidelity National Information Services Stock Performance

Fidelity National Information Services stock opened at $66.84 on Monday. Fidelity National Information Services has a 12-month low of $59.51 and a 12-month high of $83.97. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.53 and a quick ratio of 0.53. The company has a market capitalization of $34.61 billion, a price-to-earnings ratio of 247.55 and a beta of 0.93. The firm’s fifty day moving average price is $65.74 and its 200 day moving average price is $69.57.

Fidelity National Information Services (NYSE:FIS) last announced its earnings results on Wednesday, November 5th. The information technology services provider reported $1.51 earnings per share for the quarter, beating the consensus estimate of $1.48 by $0.03. Fidelity National Information Services had a return on equity of 19.76% and a net margin of 1.45%.The company had revenue of $2.72 billion during the quarter, compared to the consensus estimate of $2.65 billion. During the same period last year, the firm earned $1.40 earnings per share. The company’s revenue was up 5.7% on a year-over-year basis. Fidelity National Information Services has set its FY 2025 guidance at 5.740-5.780 EPS. On average, research analysts forecast that Fidelity National Information Services will post 5.74 EPS for the current fiscal year.

Fidelity National Information Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 23rd. Investors of record on Tuesday, December 9th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend was Tuesday, December 9th. Fidelity National Information Services’s payout ratio is currently 592.59%.

Insider Buying and Selling

In other news, Director Jeffrey A. Goldstein bought 889 shares of the firm’s stock in a transaction dated Wednesday, October 15th. The stock was bought at an average price of $67.66 per share, for a total transaction of $60,149.74. Following the transaction, the director owned 13,588 shares in the company, valued at $919,364.08. The trade was a 7.00% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 0.21% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Fidelity National Information Services

A number of hedge funds have recently added to or reduced their stakes in the business. CX Institutional lifted its position in shares of 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 buying an additional 140 shares during the last quarter. Pinnacle Bancorp Inc. raised its stake in Fidelity National Information Services by 21.9% during the third quarter. Pinnacle Bancorp Inc. now owns 835 shares of the information technology services provider’s stock worth $55,000 after acquiring an additional 150 shares during the period. BOKF NA lifted its holdings in Fidelity National Information Services by 0.6% in the third quarter. BOKF NA now owns 28,031 shares of the information technology services provider’s stock worth $1,848,000 after acquiring an additional 159 shares during the last quarter. Fiduciary Trust Co lifted its holdings in Fidelity National Information Services by 4.9% in the third quarter. Fiduciary Trust Co now owns 3,465 shares of the information technology services provider’s stock worth $228,000 after acquiring an additional 161 shares during the last quarter. Finally, Wealthspire Advisors LLC boosted its stake in Fidelity National Information Services by 3.1% in the second quarter. Wealthspire Advisors LLC now owns 5,426 shares of the information technology services provider’s stock valued at $442,000 after acquiring an additional 162 shares during the period. Institutional investors and hedge funds own 96.23% of the company’s stock.

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.