Fidelity National Information Services, Inc. (NYSE:FIS) Receives $84.44 Consensus PT from Brokerages

Shares of Fidelity National Information Services, Inc. (NYSE:FIS) have earned a consensus recommendation of “Moderate Buy” from the nineteen analysts that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have assigned a buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $84.4375.

FIS has been the subject of several research analyst reports. Keefe, Bruyette & Woods lowered their price objective on Fidelity National Information Services from $88.00 to $85.00 and set an “outperform” rating for the company in a research report on Wednesday, October 1st. Truist Financial lowered their target price on Fidelity National Information Services from $72.00 to $70.00 and set a “hold” rating for the company in a report on Wednesday, November 19th. UBS Group increased their price target on Fidelity National Information Services from $82.00 to $83.00 and gave the stock a “buy” rating in a report on Thursday, November 6th. Wells Fargo & Company started coverage on shares of Fidelity National Information Services in a research report on Wednesday, October 22nd. They set an “overweight” rating and a $81.00 target price on the stock. Finally, JPMorgan Chase & Co. reduced their price target on shares of Fidelity National Information Services from $85.00 to $80.00 and set an “overweight” rating for the company in a report on Thursday, November 6th.

Fidelity National Information Services Stock Down 0.5%

Fidelity National Information Services stock opened at $63.94 on Monday. The firm has a market cap of $33.11 billion, a price-to-earnings ratio of 236.80 and a beta of 0.93. Fidelity National Information Services has a 52-week low of $59.51 and a 52-week high of $83.97. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.53 and a current ratio of 0.53. The firm has a 50 day moving average price of $65.83 and a two-hundred day moving average price of $69.31.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings data on Wednesday, November 5th. The information technology services provider reported $1.51 earnings per share for the quarter, topping the consensus estimate of $1.48 by $0.03. The company had revenue of $2.72 billion during the quarter, compared to analysts’ expectations of $2.65 billion. Fidelity National Information Services had a net margin of 1.45% and a return on equity of 19.76%. Fidelity National Information Services’s revenue for the quarter was up 5.7% 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 FY 2025 guidance at 5.740-5.780 EPS. Equities analysts predict that Fidelity National Information Services will post 5.74 EPS for the current year.

Fidelity National Information Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 23rd. Stockholders of record on Tuesday, December 9th were issued a dividend of $0.40 per share. The ex-dividend date was Tuesday, December 9th. This represents a $1.60 annualized dividend and a dividend yield of 2.5%. Fidelity National Information Services’s payout ratio is currently 592.59%.

Institutional Trading of Fidelity National Information Services

A number of hedge funds and other institutional investors have recently bought and sold shares of FIS. CX Institutional grew its holdings in shares of Fidelity National Information Services by 2.3% during the second quarter. CX Institutional now owns 6,317 shares of the information technology services provider’s stock valued at $514,000 after buying an additional 140 shares during the last quarter. Pinnacle Bancorp Inc. raised its position in Fidelity National Information Services by 21.9% in the 3rd quarter. Pinnacle Bancorp Inc. now owns 835 shares of the information technology services provider’s stock valued at $55,000 after buying an additional 150 shares during the last quarter. BOKF NA lifted its stake in Fidelity National Information Services by 0.6% during the 3rd quarter. BOKF NA now owns 28,031 shares of the information technology services provider’s stock valued at $1,848,000 after acquiring an additional 159 shares in the last quarter. Fiduciary Trust Co boosted its holdings in Fidelity National Information Services by 4.9% during the 3rd quarter. Fiduciary Trust Co now owns 3,465 shares of the information technology services provider’s stock worth $228,000 after acquiring an additional 161 shares during the last quarter. Finally, Wealthspire Advisors LLC grew its stake in shares of Fidelity National Information Services by 3.1% in the 2nd quarter. Wealthspire Advisors LLC now owns 5,426 shares of the information technology services provider’s stock worth $442,000 after acquiring an additional 162 shares in the last quarter. Institutional investors 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.