Fidelity National Information Services (NYSE:FIS) Given “Hold” Rating at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft reaffirmed their hold rating on shares of Fidelity National Information Services (NYSE:FIS) in a research note issued to investors on Thursday,Benzinga reports. They currently have a $70.00 price objective on the information technology services provider’s stock.

A number of other equities research analysts also recently weighed in on the company. Truist Financial dropped their target price on Fidelity National Information Services from $72.00 to $70.00 and set a “hold” rating for the company in a research report on Wednesday, November 19th. Wells Fargo & Company assumed coverage on shares of Fidelity National Information Services in a research note on Wednesday, October 22nd. They set an “overweight” rating and a $81.00 price target for the company. Keefe, Bruyette & Woods reduced their price objective on shares of Fidelity National Information Services from $88.00 to $85.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 1st. UBS Group upped their target price on shares of Fidelity National Information Services from $82.00 to $83.00 and gave the company a “buy” rating in a research report on Thursday, November 6th. Finally, Stephens reduced their price target on Fidelity National Information Services from $100.00 to $90.00 and set an “overweight” rating on the stock in a research report on Thursday, October 16th. Eleven equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Fidelity National Information Services currently has an average rating of “Moderate Buy” and a consensus target price of $81.71.

Fidelity National Information Services Stock Performance

Shares of NYSE:FIS opened at $63.42 on Thursday. The business has a fifty day moving average of $65.80 and a 200-day moving average of $69.27. The firm has a market cap of $32.84 billion, a PE ratio of 234.89 and a beta of 0.93. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.53 and a current ratio of 0.53. Fidelity National Information Services has a twelve month low of $59.51 and a twelve month high of $83.97.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings data 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 net margin of 1.45% and a return on equity of 19.76%. The firm had revenue of $2.72 billion during the quarter, compared to analysts’ expectations of $2.65 billion. During the same quarter last year, the company posted $1.40 EPS. The company’s quarterly revenue was up 5.7% compared to the same quarter last year. Fidelity National Information Services has set its FY 2025 guidance at 5.740-5.780 EPS. On average, equities research analysts predict that Fidelity National Information Services will post 5.74 EPS for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 23rd. Investors of record on Tuesday, December 9th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Tuesday, December 9th. This represents a $1.60 annualized dividend and a yield of 2.5%. Fidelity National Information Services’s dividend payout ratio is 592.59%.

Institutional Trading of Fidelity National Information Services

Several institutional investors and hedge funds have recently bought and sold shares of FIS. NewSquare Capital LLC boosted its position in Fidelity National Information Services by 115.1% during the second quarter. NewSquare Capital LLC now owns 357 shares of the information technology services provider’s stock worth $29,000 after purchasing an additional 191 shares during the period. Root Financial Partners LLC bought a new position in shares of Fidelity National Information Services during the third quarter worth approximately $29,000. LRI Investments LLC lifted its position in shares of Fidelity National Information Services by 613.1% during the 3rd quarter. LRI Investments LLC now owns 435 shares of the information technology services provider’s stock valued at $29,000 after acquiring an additional 374 shares during the period. Raiffeisen Bank International AG acquired a new stake in Fidelity National Information Services during the third quarter worth about $29,000. Finally, GoalVest Advisory LLC bought a new position in shares of Fidelity National Information Services in the 4th quarter valued at $33,000. Institutional investors 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.