Fidelity National Information Services (NYSE:FIS) Price Target Lowered to $43.00 at Truist Financial

Fidelity National Information Services (NYSE:FIS) had its price target lowered by Truist Financial from $45.00 to $43.00 in a research report sent to investors on Friday,Benzinga reports. The brokerage currently has a hold rating on the information technology services provider’s stock.

Several other research analysts also recently weighed in on FIS. Barclays assumed coverage on Fidelity National Information Services in a research note on Wednesday, July 8th. They issued an “equal weight” rating and a $44.00 price target for the company. BNP Paribas Exane lowered their target price on shares of Fidelity National Information Services from $40.00 to $37.00 and set an “underperform” rating on the stock in a report on Thursday, May 14th. UBS Group dropped their target price on shares of Fidelity National Information Services from $73.00 to $63.00 and set a “buy” rating for the company in a research report on Monday, May 11th. Royal Bank Of Canada reduced their price target on shares of Fidelity National Information Services from $69.00 to $57.00 and set an “outperform” rating on the stock in a report on Friday, May 8th. Finally, Weiss Ratings cut shares of Fidelity National Information Services from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, July 9th. Thirteen analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Fidelity National Information Services has an average rating of “Hold” and a consensus target price of $58.68.

Fidelity National Information Services Stock Up 3.9%

Shares of FIS stock opened at $41.58 on Friday. Fidelity National Information Services has a one year low of $37.42 and a one year high of $82.62. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.59 and a quick ratio of 0.59. The company has a market capitalization of $21.49 billion, a price-to-earnings ratio of 8.06, a PEG ratio of 0.39 and a beta of 0.80. The company’s fifty day moving average price is $40.87 and its 200-day moving average price is $47.47.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings results on Friday, May 8th. The information technology services provider reported $1.36 EPS for the quarter, beating analysts’ consensus estimates of $1.28 by $0.08. The business had revenue of $3.29 billion for the quarter, compared to analysts’ expectations of $3.28 billion. Fidelity National Information Services had a return on equity of 21.30% and a net margin of 23.35%.The business’s quarterly revenue was up 30.1% on a year-over-year basis. During the same period last year, the firm earned $1.21 earnings per share. Fidelity National Information Services has set its FY 2026 guidance at 6.220-6.320 EPS and its Q2 2026 guidance at 1.450-1.490 EPS. Sell-side analysts expect that Fidelity National Information Services will post 6.28 EPS for the current fiscal year.

Fidelity National Information Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Thursday, June 11th were issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend was Thursday, June 11th. Fidelity National Information Services’s dividend payout ratio is 34.11%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of FIS. Norges Bank bought a new position in Fidelity National Information Services during the fourth quarter valued at $495,956,000. Dodge & Cox increased its holdings in shares of Fidelity National Information Services by 13.9% in the 4th quarter. Dodge & Cox now owns 49,113,297 shares of the information technology services provider’s stock worth $3,264,070,000 after buying an additional 6,008,090 shares during the last quarter. Balyasny Asset Management L.P. raised its position in shares of Fidelity National Information Services by 585.9% during the 3rd quarter. Balyasny Asset Management L.P. now owns 2,365,322 shares of the information technology services provider’s stock valued at $155,969,000 after buying an additional 2,852,118 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in shares of Fidelity National Information Services by 228.7% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,015,663 shares of the information technology services provider’s stock valued at $141,465,000 after buying an additional 2,098,139 shares in the last quarter. Finally, Renaissance Technologies LLC bought a new position in shares of Fidelity National Information Services in the 1st quarter valued at about $82,962,000. 96.23% of the stock is owned by hedge funds and other institutional investors.

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.