BNP Paribas Exane Lowers Fidelity National Information Services (NYSE:FIS) Price Target to $55.00

Fidelity National Information Services (NYSE:FIS) had its price objective decreased by equities researchers at BNP Paribas Exane from $60.00 to $55.00 in a note issued to investors on Tuesday,Fidelity reports. The firm presently has an “underperform” rating on the information technology services provider’s stock. BNP Paribas Exane’s target price would indicate a potential downside of 9.22% from the stock’s previous close.

A number of other analysts have also commented on the company. Keefe, Bruyette & Woods cut their price target on Fidelity National Information Services from $88.00 to $85.00 and set an “outperform” rating on the stock in a report on Wednesday, October 1st. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $70.00 target price on shares of Fidelity National Information Services in a research note on Thursday, January 15th. Weiss Ratings reiterated a “sell (d)” rating on shares of Fidelity National Information Services in a report on Wednesday, October 8th. Wells Fargo & Company initiated coverage on shares of Fidelity National Information Services in a research report on Wednesday, October 22nd. They issued an “overweight” rating and a $81.00 price objective on the stock. Finally, UBS Group raised 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. Eleven research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Fidelity National Information Services has a consensus rating of “Hold” and an average price target of $79.94.

Fidelity National Information Services Stock Up 0.9%

Fidelity National Information Services stock opened at $60.59 on Tuesday. The company has a 50 day moving average of $65.50 and a 200-day moving average of $68.63. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.64. Fidelity National Information Services has a twelve month low of $59.51 and a twelve month high of $83.97. The stock has a market capitalization of $31.37 billion, a PE ratio of 224.39, a price-to-earnings-growth ratio of 0.89 and a beta of 0.93.

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

Insider Buying and Selling

In other news, Director Jeffrey A. Goldstein acquired 941 shares of the firm’s stock in a transaction dated Thursday, January 15th. The stock was bought at an average price of $64.11 per share, with a total value of $60,327.51. Following the transaction, the director directly owned 14,529 shares in the company, valued at approximately $931,454.19. The trade was a 6.93% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.21% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Fidelity National Information Services

Hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in Fidelity National Information Services by 0.6% in the second quarter. Vanguard Group Inc. now owns 63,019,323 shares of the information technology services provider’s stock valued at $5,130,403,000 after buying an additional 376,499 shares during the period. Dodge & Cox increased its holdings in shares of Fidelity National Information Services by 22.2% during the 3rd quarter. Dodge & Cox now owns 43,105,207 shares of the information technology services provider’s stock worth $2,842,357,000 after acquiring an additional 7,830,710 shares during the last quarter. Geode Capital Management LLC raised its stake in Fidelity National Information Services by 0.4% in the 2nd quarter. Geode Capital Management LLC now owns 13,288,097 shares of the information technology services provider’s stock valued at $1,077,157,000 after acquiring an additional 48,968 shares during the period. Boston Partners lifted its holdings in Fidelity National Information Services by 10.5% during the 2nd quarter. Boston Partners now owns 11,820,211 shares of the information technology services provider’s stock valued at $958,537,000 after purchasing an additional 1,122,181 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in Fidelity National Information Services by 1.0% during the second quarter. Charles Schwab Investment Management Inc. now owns 10,224,056 shares of the information technology services provider’s stock worth $832,141,000 after purchasing an additional 97,843 shares during the period. 96.23% of the stock is currently owned by institutional investors and hedge funds.

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.