Fidelity National Information Services (NYSE:FIS) Price Target Cut to $57.00 by Analysts at Truist Financial

Fidelity National Information Services (NYSE:FIS) had its target price cut by Truist Financial from $69.00 to $57.00 in a research report released on Tuesday morning,Benzinga reports. They currently have a hold rating on the information technology services provider’s stock.

Other equities research analysts have also issued reports about the company. Compass Point decreased their price objective on Fidelity National Information Services from $90.00 to $81.00 and set a “buy” rating for the company in a research report on Tuesday, January 13th. Weiss Ratings restated a “sell (d)” rating on shares of Fidelity National Information Services in a report on Thursday, January 22nd. Keefe, Bruyette & Woods cut their target price on shares of Fidelity National Information Services from $85.00 to $72.00 and set an “outperform” rating for the company in a research report on Wednesday, February 25th. Cantor Fitzgerald assumed coverage on shares of Fidelity National Information Services in a research note on Tuesday, January 27th. They set an “overweight” rating and a $72.00 target price for the company. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $70.00 price target on shares of Fidelity National Information Services in a research note on Thursday, January 15th. Thirteen equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Fidelity National Information Services presently has an average rating of “Moderate Buy” and a consensus price target of $69.85.

Fidelity National Information Services Stock Up 0.5%

FIS stock opened at $50.23 on Tuesday. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.59 and a quick ratio of 0.59. The firm has a market capitalization of $25.84 billion, a P/E ratio of 68.81, a P/E/G ratio of 0.47 and a beta of 0.90. Fidelity National Information Services has a 52-week low of $46.16 and a 52-week high of $82.74. The company’s 50 day simple moving average is $57.44 and its 200-day simple moving average is $63.29.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings data on Tuesday, February 24th. The information technology services provider reported $1.68 earnings per share for the quarter, missing the consensus estimate of $1.69 by ($0.01). The firm had revenue of $2.81 billion for the quarter, compared to analysts’ expectations of $2.74 billion. Fidelity National Information Services had a return on equity of 21.21% and a net margin of 3.58%.The company’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.40 earnings per share. 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. As a group, equities research analysts anticipate that Fidelity National Information Services will post 5.74 EPS for the current year.

Fidelity National Information Services Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 24th. Investors of record on Tuesday, March 10th will be paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date is Tuesday, March 10th. This is a boost from Fidelity National Information Services’s previous quarterly dividend of $0.40. Fidelity National Information Services’s dividend payout ratio (DPR) is 219.18%.

Insiders Place Their Bets

In other news, Director Jeffrey A. Goldstein purchased 941 shares of the firm’s stock in a transaction on Thursday, January 15th. The stock was bought at an average cost of $64.11 per share, for a total transaction of $60,327.51. Following the completion of the acquisition, the director directly owned 14,529 shares of the company’s stock, valued at approximately $931,454.19. The trade was a 6.93% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.21% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Fidelity National Information Services

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of Fidelity National Information Services by 0.6% during the 2nd quarter. Vanguard Group Inc. now owns 63,019,323 shares of the information technology services provider’s stock worth $5,130,403,000 after purchasing an additional 376,499 shares in the last quarter. Dodge & Cox lifted its position in Fidelity National Information Services by 13.9% in the fourth quarter. Dodge & Cox now owns 49,113,297 shares of the information technology services provider’s stock worth $3,264,070,000 after purchasing an additional 6,008,090 shares during the period. Capital Research Global Investors boosted its stake in Fidelity National Information Services by 0.6% during the fourth quarter. Capital Research Global Investors now owns 28,129,710 shares of the information technology services provider’s stock worth $1,869,507,000 after buying an additional 172,356 shares in the last quarter. Geode Capital Management LLC increased its holdings 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 buying an additional 48,968 shares during the period. Finally, Boston Partners raised its stake in shares of Fidelity National Information Services by 10.5% in 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 buying an additional 1,122,181 shares in the last quarter. 96.23% of the stock is currently owned by 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.