Fidelity National Information Services (NYSE:FIS) Shares Gap Down – Here’s What Happened

Fidelity National Information Services, Inc. (NYSE:FIS) shares gapped down before the market opened on Monday . The stock had previously closed at $66.84, but opened at $64.67. Fidelity National Information Services shares last traded at $65.1180, with a volume of 432,599 shares.

Analysts Set New Price Targets

FIS has been the subject of several research reports. UBS Group upped their price objective on shares of Fidelity National Information Services from $82.00 to $83.00 and gave the company a “buy” rating in a research note on Thursday, November 6th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Fidelity National Information Services in a report on Wednesday, October 8th. Wells Fargo & Company began coverage on Fidelity National Information Services in a report on Wednesday, October 22nd. They issued an “overweight” rating and a $81.00 target price for the company. Jefferies Financial Group cut their target price on Fidelity National Information Services from $75.00 to $70.00 and set a “hold” rating for the company in a research note on Tuesday, October 14th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Fidelity National Information Services from $85.00 to $80.00 and set an “overweight” rating on the stock in a research report on Thursday, November 6th. Eleven investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Fidelity National Information Services presently has an average rating of “Moderate Buy” and an average price target of $84.44.

Fidelity National Information Services Stock Performance

The firm’s fifty day moving average is $65.74 and its 200-day moving average is $69.57. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.64. The stock has a market capitalization of $34.28 billion, a PE ratio of 245.16 and a beta of 0.93.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings results on Wednesday, November 5th. The information technology services provider reported $1.51 earnings per share for the quarter, beating analysts’ consensus estimates of $1.48 by $0.03. Fidelity National Information Services had a net margin of 1.45% and a return on equity of 19.76%. The business had revenue of $2.72 billion during the quarter, compared to analysts’ expectations of $2.65 billion. During the same period last year, the business earned $1.40 earnings per share. The business’s revenue for the quarter was up 5.7% on a year-over-year basis. Fidelity National Information Services has set its FY 2025 guidance at 5.740-5.780 EPS. As a group, research analysts anticipate that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current year.

Fidelity National Information Services Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 23rd. Stockholders of record on Tuesday, December 9th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 2.4%. The ex-dividend date was Tuesday, December 9th. Fidelity National Information Services’s dividend payout ratio (DPR) is currently 592.59%.

Insider Activity

In other news, Director Jeffrey A. Goldstein bought 889 shares of the firm’s stock in a transaction that occurred on Wednesday, October 15th. The shares were purchased at an average price of $67.66 per share, with a total value of $60,149.74. Following the purchase, the director owned 13,588 shares in the company, valued at approximately $919,364.08. The trade was a 7.00% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.21% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Czech National Bank increased its position in shares of Fidelity National Information Services by 2.9% during the fourth quarter. Czech National Bank now owns 136,550 shares of the information technology services provider’s stock worth $9,075,000 after acquiring an additional 3,876 shares during the period. Clear Trail Advisors LLC purchased a new stake in Fidelity National Information Services during the 4th quarter worth about $2,590,000. SG Americas Securities LLC raised its position in Fidelity National Information Services by 702.1% in the 4th quarter. SG Americas Securities LLC now owns 576,026 shares of the information technology services provider’s stock valued at $38,283,000 after purchasing an additional 504,215 shares in the last quarter. Assenagon Asset Management S.A. grew its position in shares of Fidelity National Information Services by 227.3% during the fourth quarter. Assenagon Asset Management S.A. now owns 565,115 shares of the information technology services provider’s stock worth $37,558,000 after buying an additional 392,477 shares in the last quarter. Finally, Wedmont Private Capital purchased a new stake in shares of Fidelity National Information Services during the fourth quarter worth approximately $280,000. 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.