Stephens Lowers Fidelity National Information Services (NYSE:FIS) Price Target to $85.00

Fidelity National Information Services (NYSE:FIS) had its target price dropped by equities research analysts at Stephens from $90.00 to $85.00 in a research note issued on Friday,Fidelity reports. The brokerage currently has an “overweight” rating on the information technology services provider’s stock. Stephens’ target price suggests a potential upside of 34.11% from the company’s previous close.

A number of other brokerages have also recently issued reports on FIS. Truist Financial decreased their target price on 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. KeyCorp reiterated a “hold” rating on shares of Fidelity National Information Services in a research note on Wednesday, October 22nd. Compass Point cut their target price on shares of Fidelity National Information Services from $90.00 to $81.00 and set a “buy” rating on the stock in a research note on Tuesday, January 13th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $70.00 price target on shares of Fidelity National Information Services in a research report on Thursday. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Fidelity National Information Services in a research report on Wednesday, October 8th. Eleven analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $81.41.

Fidelity National Information Services Stock Down 0.1%

Shares of NYSE FIS opened at $63.38 on Friday. The stock has a market capitalization of $32.82 billion, a PE ratio of 234.74 and a beta of 0.93. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.64. The firm has a fifty day moving average of $65.78 and a 200-day moving average of $69.06. Fidelity National Information Services has a 52-week low of $59.51 and a 52-week high of $83.97.

Fidelity National Information Services (NYSE:FIS) last issued its earnings results on Wednesday, November 5th. The information technology services provider reported $1.51 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $2.72 billion for the quarter, compared to analysts’ expectations of $2.65 billion. During the same quarter last year, the firm earned $1.40 earnings per share. The firm’s revenue for the quarter 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, analysts anticipate that Fidelity National Information Services will post 5.74 EPS for the current year.

Institutional Investors Weigh In On Fidelity National Information Services

Hedge funds have recently bought and sold shares of the business. Heck Capital Advisors LLC purchased a new position in shares of Fidelity National Information Services during the 4th quarter valued at approximately $538,000. Aberdeen Group plc raised its holdings in Fidelity National Information Services by 11.5% in the fourth quarter. Aberdeen Group plc now owns 741,805 shares of the information technology services provider’s stock valued at $49,300,000 after acquiring an additional 76,697 shares in the last quarter. Dorato Capital Management bought a new position in Fidelity National Information Services during the 4th quarter valued at $203,000. Linden Thomas Advisory Services LLC grew its holdings in Fidelity National Information Services by 3.1% during the 4th quarter. Linden Thomas Advisory Services LLC now owns 21,374 shares of the information technology services provider’s stock worth $1,421,000 after acquiring an additional 639 shares in the last quarter. Finally, PFG Private Wealth Management LLC bought a new stake in shares of Fidelity National Information Services in the 4th quarter worth about $232,000. Institutional investors and hedge funds own 96.23% of the company’s stock.

About Fidelity National Information Services

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.