UBS Group Issues Positive Forecast for Fidelity National Information Services (NYSE:FIS) Stock Price

Fidelity National Information Services (NYSE:FIS) had its target price lifted by UBS Group from $82.00 to $83.00 in a report released on Thursday morning,Benzinga reports. UBS Group currently has a buy rating on the information technology services provider’s stock.

Several other equities analysts have also issued reports on the stock. KeyCorp reissued a “hold” rating on shares of Fidelity National Information Services in a report on Wednesday, October 22nd. Truist Financial reduced their price target on Fidelity National Information Services from $75.00 to $72.00 and set a “hold” rating for the company in a research report on Friday, October 24th. Wells Fargo & Company began coverage on shares of Fidelity National Information Services in a report on Wednesday, October 22nd. They issued an “overweight” rating and a $81.00 price target on the stock. Jefferies Financial Group reduced their target price on Fidelity National Information Services from $75.00 to $70.00 and set a “hold” rating on the stock in a research report on Tuesday, October 14th. Finally, Stephens lowered their price objective on shares of Fidelity National Information Services from $100.00 to $90.00 and set an “overweight” rating for the company in a research note on Thursday, October 16th. Twelve investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $85.53.

Fidelity National Information Services Stock Performance

Shares of FIS stock traded up $0.04 during trading hours on Thursday, reaching $64.72. The company had a trading volume of 3,601,387 shares, compared to its average volume of 3,791,969. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.59 and a current ratio of 0.59. Fidelity National Information Services has a one year low of $59.51 and a one year high of $89.57. The firm has a market cap of $33.81 billion, a PE ratio of 359.56 and a beta of 1.01. The business has a fifty day moving average price of $66.41 and a 200-day moving average price of $74.00.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings results on Wednesday, November 5th. The information technology services provider reported $1.51 EPS for the quarter, topping the consensus estimate of $1.48 by $0.03. The business had revenue of $2.72 billion for the quarter, compared to analysts’ expectations of $2.65 billion. Fidelity National Information Services had a net margin of 1.09% and a return on equity of 18.73%. The business’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.40 EPS. Fidelity National Information Services has set its FY 2025 guidance at 5.740-5.780 EPS. Sell-side analysts predict that Fidelity National Information Services will post 5.74 earnings per share for the current fiscal year.

Fidelity National Information Services Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 23rd. Investors of record on Tuesday, December 9th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.5%. The ex-dividend date is Tuesday, December 9th. Fidelity National Information Services’s payout ratio is 888.89%.

Insider Buying and Selling

In related news, Director Jeffrey A. Goldstein acquired 889 shares of the stock in a transaction dated Wednesday, October 15th. The stock was acquired at an average cost of $67.66 per share, with a total value of $60,149.74. Following the completion of the transaction, the director owned 13,588 shares in the company, valued at $919,364.08. This represents a 7.00% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.21% of the stock is owned by corporate insiders.

Institutional Trading of Fidelity National Information Services

A number of institutional investors have recently modified their holdings of the business. Meeder Asset Management Inc. increased its holdings in shares of Fidelity National Information Services by 92.1% in the 1st quarter. Meeder Asset Management Inc. now owns 342 shares of the information technology services provider’s stock valued at $26,000 after purchasing an additional 164 shares in the last quarter. Hazlett Burt & Watson Inc. lifted its stake in shares of Fidelity National Information Services by 179.9% in the 1st quarter. Hazlett Burt & Watson Inc. now owns 389 shares of the information technology services provider’s stock valued at $29,000 after purchasing an additional 250 shares in the last quarter. NewSquare Capital LLC raised its stake in shares of Fidelity National Information Services by 115.1% in the 2nd quarter. NewSquare Capital LLC now owns 357 shares of the information technology services provider’s stock valued at $29,000 after acquiring an additional 191 shares during the period. Root Financial Partners LLC acquired a new stake in shares of Fidelity National Information Services in the third quarter valued at about $29,000. Finally, LRI Investments LLC boosted its stake in shares of 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 valued at $29,000 after purchasing an additional 374 shares during the period. 96.23% of the stock is currently owned by hedge funds and other institutional investors.

Fidelity National Information Services Company Profile

Fidelity National Information Services, Inc engages in the provision of financial services technology solutions for financial institutions, businesses, and developers worldwide. It operates through Banking Solutions, Capital Market Solutions, and Corporate and Other segments. The company provides core processing and ancillary applications; mobile and online banking; fraud, risk management, and compliance; card and retail payment; electronic funds transfer and network; wealth and retirement; and item processing and output solutions.