Fidelity National Information Services (NYSE:FIS) Price Target Cut to $68.00 by Analysts at Keefe, Bruyette & Woods

Fidelity National Information Services (NYSE:FIS) had its price target lowered by Keefe, Bruyette & Woods from $72.00 to $68.00 in a research report sent to investors on Tuesday,Fidelity reports. The brokerage currently has an outperform rating on the information technology services provider’s stock.

Several other equities research analysts have also issued reports on FIS. Weiss Ratings reissued a “sell (d)” rating on shares of Fidelity National Information Services in a report on Thursday, January 22nd. Wolfe Research reduced their target price on shares of Fidelity National Information Services from $90.00 to $70.00 and set an “outperform” rating for the company in a report on Wednesday, February 25th. UBS Group reduced their target price on shares of Fidelity National Information Services from $83.00 to $73.00 and set a “buy” rating for the company in a report on Wednesday, February 25th. Stephens cut their price objective on shares of Fidelity National Information Services from $90.00 to $85.00 and set an “overweight” rating for the company in a report on Friday, January 16th. Finally, BNP Paribas Exane cut their price objective on shares of Fidelity National Information Services from $60.00 to $55.00 and set an “underperform” rating for the company in a report on Tuesday, January 20th. Fourteen investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $69.67.

Fidelity National Information Services Trading Down 1.1%

Fidelity National Information Services stock opened at $46.19 on Tuesday. The firm has a 50 day moving average of $49.52 and a 200 day moving average of $59.79. The firm has a market capitalization of $23.76 billion, a price-to-earnings ratio of 63.27, a P/E/G ratio of 0.45 and a beta of 0.90. Fidelity National Information Services has a 12-month low of $44.48 and a 12-month high of $82.74. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.65.

Fidelity National Information Services (NYSE:FIS) last released its earnings results on Tuesday, February 24th. The information technology services provider reported $1.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.69 by ($0.01). The firm had revenue of $2.81 billion during 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 was up 8.2% compared to the same quarter last year. During the same period in the prior year, the company 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, research analysts predict that Fidelity National Information Services will post 5.74 earnings per share for the current year.

Fidelity National Information Services Increases Dividend

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

Insider Buying and Selling

In related news, CEO Stephanie Ferris acquired 19,846 shares of the business’s stock in a transaction on Thursday, March 5th. The stock was acquired at an average cost of $50.39 per share, with a total value of $1,000,039.94. Following the acquisition, the chief executive officer directly owned 281,458 shares in the company, valued at $14,182,668.62. This represents a 7.59% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Jeffrey A. Goldstein bought 941 shares of the stock in a transaction dated Thursday, January 15th. The shares were purchased at an average price of $64.11 per share, with a total value of $60,327.51. Following the completion of 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 disclosure for this purchase is available in the SEC filing. Company insiders own 0.21% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Dodge & Cox boosted its position in shares of Fidelity National Information Services by 13.9% during the 4th quarter. Dodge & Cox now owns 49,113,297 shares of the information technology services provider’s stock valued at $3,264,070,000 after acquiring an additional 6,008,090 shares during the last quarter. Capital Research Global Investors boosted its position in shares of Fidelity National Information Services by 0.6% during the 4th quarter. Capital Research Global Investors now owns 28,129,710 shares of the information technology services provider’s stock valued at $1,869,507,000 after acquiring an additional 172,356 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Fidelity National Information Services by 4.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 11,196,718 shares of the information technology services provider’s stock valued at $744,134,000 after acquiring an additional 514,490 shares during the last quarter. Invesco Ltd. boosted its position in shares of Fidelity National Information Services by 5.6% during the 3rd quarter. Invesco Ltd. now owns 8,515,321 shares of the information technology services provider’s stock valued at $561,500,000 after acquiring an additional 448,712 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Fidelity National Information Services during the 4th quarter valued at approximately $495,956,000. 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.