Fidelity National Information Services (NYSE:FIS) Price Target Cut to $65.00 by Analysts at The Goldman Sachs Group

Fidelity National Information Services (NYSE:FIS) had its price target trimmed by The Goldman Sachs Group from $70.00 to $65.00 in a research note published on Monday,Fidelity reports. The brokerage currently has a buy rating on the information technology services provider’s stock.

A number of other research firms also recently weighed in on FIS. Susquehanna decreased their target price on shares of Fidelity National Information Services from $69.00 to $55.00 and set a “neutral” rating for the company in a research report on Wednesday, February 25th. Raymond James Financial decreased their price objective on Fidelity National Information Services from $82.00 to $60.00 and set an “outperform” rating for the company in a report on Wednesday, February 25th. BNP Paribas Exane dropped their target price on Fidelity National Information Services from $47.00 to $40.00 and set an “underperform” rating on the stock in a report on Friday. Compass Point decreased their price target on Fidelity National Information Services from $90.00 to $81.00 and set a “buy” rating for the company in a research note on Tuesday, January 13th. Finally, Wells Fargo & Company cut their price objective on Fidelity National Information Services from $81.00 to $67.00 and set an “overweight” rating for the company in a report on Wednesday, February 25th. Fourteen equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Fidelity National Information Services has a consensus rating of “Moderate Buy” and an average target price of $68.71.

Fidelity National Information Services Stock Up 6.9%

Shares of Fidelity National Information Services stock opened at $46.38 on Monday. The firm has a market cap of $23.86 billion, a PE ratio of 63.53, a P/E/G ratio of 0.42 and a beta of 0.90. The business’s 50 day simple moving average is $48.71 and its 200 day simple moving average is $59.27. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.59 and a current ratio of 0.59. Fidelity National Information Services has a 52-week low of $43.29 and a 52-week high of $82.74.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings results on Tuesday, February 24th. The information technology services provider reported $1.68 earnings per share for the quarter, missing analysts’ consensus estimates of $1.69 by ($0.01). Fidelity National Information Services had a return on equity of 21.21% and a net margin of 3.58%.The firm had revenue of $2.81 billion for the quarter, compared to analyst estimates of $2.74 billion. During the same period last year, the company earned $1.40 EPS. The company’s revenue was up 8.2% compared to the same quarter last year. Fidelity National Information Services has set its Q1 2026 guidance at 1.260-1.300 EPS and its FY 2026 guidance at 6.220-6.320 EPS. On average, analysts predict that Fidelity National Information Services will post 5.74 earnings per share for the current fiscal year.

Fidelity National Information Services Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 24th. Stockholders of record on Tuesday, March 10th were paid a dividend of $0.44 per share. The ex-dividend date was Tuesday, March 10th. This represents a $1.76 annualized dividend and a dividend yield of 3.8%. This is an increase from Fidelity National Information Services’s previous quarterly dividend of $0.40. Fidelity National Information Services’s dividend payout ratio is presently 241.10%.

Insiders Place Their Bets

In other Fidelity National Information Services news, CEO Stephanie Ferris purchased 19,846 shares of the company’s stock in a transaction that occurred on Thursday, March 5th. The shares were acquired at an average price of $50.39 per share, for a total transaction of $1,000,039.94. Following the purchase, the chief executive officer owned 281,458 shares in the company, valued at approximately $14,182,668.62. The trade was a 7.59% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Jeffrey A. Goldstein acquired 941 shares of Fidelity National Information Services stock in a transaction on Thursday, January 15th. The shares were bought at an average cost of $64.11 per share, with a total value of $60,327.51. Following the completion of the transaction, the director owned 14,529 shares of the company’s stock, valued at approximately $931,454.19. This trade represents a 6.93% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 0.21% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Dodge & Cox lifted its position in Fidelity National Information Services by 22.2% during the third 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. Norges Bank acquired a new position in shares of Fidelity National Information Services in the fourth quarter valued at approximately $495,956,000. Balyasny Asset Management L.P. increased its stake in shares of Fidelity National Information Services by 585.9% during the third quarter. Balyasny Asset Management L.P. now owns 2,365,322 shares of the information technology services provider’s stock worth $155,969,000 after purchasing an additional 2,852,118 shares during the period. Pinebridge Investments LLC acquired a new stake in Fidelity National Information Services during the 4th quarter worth approximately $114,799,000. Finally, TOMS Capital Investment Management LP acquired a new stake in Fidelity National Information Services during the 4th quarter worth approximately $110,589,000. 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.