UBS Group Cuts Fidelity National Information Services (NYSE:FIS) Price Target to $73.00

Fidelity National Information Services (NYSE:FISFree Report) had its target price reduced by UBS Group from $83.00 to $73.00 in a research note released on Wednesday morning,Benzinga reports. They currently have a buy rating on the information technology services provider’s stock.

Several other analysts have also recently weighed in on FIS. Keefe, Bruyette & Woods cut their price target on shares of Fidelity National Information Services from $85.00 to $72.00 and set an “outperform” rating on the stock in a report on Wednesday. Cantor Fitzgerald started coverage on Fidelity National Information Services in a research report on Tuesday, January 27th. They set an “overweight” rating and a $72.00 price target on the stock. 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 report on Tuesday, January 13th. BNP Paribas Exane decreased their price target on shares of Fidelity National Information Services from $60.00 to $55.00 and set an “underperform” rating for the company in a research note on Tuesday, January 20th. Finally, Wolfe Research cut their price target on Fidelity National Information Services from $90.00 to $70.00 and set an “outperform” rating on the stock in a research note on Wednesday. Thirteen analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Fidelity National Information Services presently has a consensus rating of “Moderate Buy” and a consensus target price of $70.50.

View Our Latest Analysis on FIS

Fidelity National Information Services Price Performance

Shares of Fidelity National Information Services stock opened at $50.81 on Wednesday. The company has a fifty day moving average of $58.11 and a 200-day moving average of $63.71. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.53 and a current ratio of 0.59. Fidelity National Information Services has a 52-week low of $46.16 and a 52-week high of $82.74. The stock has a market capitalization of $26.13 billion, a price-to-earnings ratio of 69.60, a price-to-earnings-growth ratio of 0.48 and a beta of 0.90.

Fidelity National Information Services (NYSE:FISGet Free Report) last announced its quarterly earnings results on Tuesday, February 24th. The information technology services provider reported $1.68 EPS for the quarter, missing analysts’ consensus estimates of $1.69 by ($0.01). Fidelity National Information Services had a return on equity of 21.21% and a net margin of 3.58%.The company had revenue of $2.81 billion during the quarter, compared to analysts’ expectations of $2.74 billion. During the same period last year, the firm earned $1.40 earnings per share. Fidelity National Information Services’s revenue for the quarter was up 8.2% on a year-over-year basis. 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. Equities research analysts expect that Fidelity National Information Services will post 5.74 EPS for the current year.

Fidelity National Information Services Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 24th. Investors of record on Tuesday, March 10th will be paid 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 is Tuesday, March 10th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.5%. Fidelity National Information Services’s dividend payout ratio (DPR) is currently 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 acquired at an average cost of $64.11 per share, with a total value of $60,327.51. Following the completion of the transaction, the director owned 14,529 shares in the company, valued at $931,454.19. This represents a 6.93% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.21% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Fidelity National Information Services

Hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in Fidelity National Information Services by 0.6% in the second 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 during the last quarter. Dodge & Cox raised its holdings in shares of 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 buying an additional 6,008,090 shares during the last quarter. Capital Research Global Investors lifted its stake in shares of 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 during the period. Geode Capital Management LLC grew its holdings in shares of Fidelity National Information Services by 0.4% during the second 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 last quarter. Finally, Boston Partners increased its position 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 acquiring an additional 1,122,181 shares during the period. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Fidelity National Information Services News Roundup

Here are the key news stories impacting Fidelity National Information Services this week:

About Fidelity National Information Services

(Get Free Report)

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.

See Also

Analyst Recommendations for Fidelity National Information Services (NYSE:FIS)

Receive News & Ratings for Fidelity National Information Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fidelity National Information Services and related companies with MarketBeat.com's FREE daily email newsletter.