Fidelity National Information Services (NYSE:FIS) Now Covered by Cantor Fitzgerald

Cantor Fitzgerald started coverage on shares of Fidelity National Information Services (NYSE:FIS) in a research note published on Tuesday, MarketBeat Ratings reports. The brokerage issued an overweight rating and a $72.00 price target on the information technology services provider’s stock.

A number of other equities analysts have also weighed in on FIS. Jefferies Financial Group decreased their target price on Fidelity National Information Services from $75.00 to $70.00 and set a “hold” rating for the company in a research report on Tuesday, October 14th. Citigroup upgraded shares of Fidelity National Information Services to a “hold” rating in a report on Thursday, October 23rd. Weiss Ratings reiterated a “sell (d)” rating on shares of Fidelity National Information Services in a research note on Thursday, January 22nd. Royal Bank Of Canada dropped their price target on Fidelity National Information Services from $93.00 to $86.00 and set an “outperform” rating on the stock in a research note on Thursday, November 6th. Finally, Truist Financial cut their price objective 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. Twelve analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $79.53.

Fidelity National Information Services Trading Down 1.7%

Shares of NYSE FIS opened at $58.11 on Tuesday. The firm’s 50 day moving average price is $65.13 and its 200-day moving average price is $67.99. Fidelity National Information Services has a 52-week low of $57.78 and a 52-week high of $83.97. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.53 and a current ratio of 0.53. The company has a market cap of $30.09 billion, a PE ratio of 215.21, a P/E/G ratio of 0.88 and a beta of 0.93.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly 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 net margin of 1.45% and a return on equity of 19.76%. The company had revenue of $2.72 billion during the quarter, compared to the consensus estimate of $2.65 billion. During the same quarter last year, the firm earned $1.40 earnings per share. The firm’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 expect that Fidelity National Information Services will post 5.74 EPS for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The company also recently announced 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 2.8%. The ex-dividend date of this dividend was Tuesday, December 9th. Fidelity National Information Services’s dividend payout ratio is currently 592.59%.

Insider Buying and Selling

In other news, Director Jeffrey A. Goldstein purchased 941 shares of the stock in a transaction on Thursday, January 15th. The shares were acquired at an average price of $64.11 per share, with a total value of $60,327.51. Following the completion of the acquisition, the director directly owned 14,529 shares of the company’s stock, valued at $931,454.19. This trade represents a 6.93% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.21% of the company’s stock.

Institutional Trading of Fidelity National Information Services

Institutional investors and hedge funds have recently modified their holdings of the company. NewSquare Capital LLC boosted its stake in shares of Fidelity National Information Services by 115.1% in the second quarter. NewSquare Capital LLC now owns 357 shares of the information technology services provider’s stock worth $29,000 after acquiring an additional 191 shares during the period. Root Financial Partners LLC purchased a new position in shares of Fidelity National Information Services in the 3rd quarter worth $29,000. LRI Investments LLC grew its position in Fidelity National Information Services by 613.1% in the third quarter. LRI Investments LLC now owns 435 shares of the information technology services provider’s stock worth $29,000 after acquiring an additional 374 shares in the last quarter. Raiffeisen Bank International AG purchased a new position in shares of Fidelity National Information Services in the 3rd quarter worth approximately $29,000. Finally, GoalVest Advisory LLC bought a new stake in Fidelity National Information Services in the fourth quarter worth $33,000. 96.23% of the stock is currently owned by institutional investors.

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.