Robert W. Baird Cuts Fidelity National Information Services (NYSE:FIS) Price Target to $45.00

Fidelity National Information Services (NYSE:FIS) had its target price cut by Robert W. Baird from $48.00 to $45.00 in a research report sent to investors on Friday morning,Benzinga reports. They currently have a neutral rating on the information technology services provider’s stock.

Other research analysts have also issued research reports about the stock. Cantor Fitzgerald dropped their price target on shares of Fidelity National Information Services from $55.00 to $50.00 and set an “overweight” rating on the stock in a research note on Monday, August 10th. Barclays decreased their price objective on shares of Fidelity National Information Services from $44.00 to $43.00 and set an “equal weight” rating for the company in a report on Wednesday, August 5th. TD Cowen cut their target price on Fidelity National Information Services from $58.00 to $53.00 and set a “buy” rating on the stock in a report on Wednesday, August 26th. UBS Group reaffirmed a “neutral” rating on shares of Fidelity National Information Services in a research report on Monday, September 21st. Finally, National Bank Financial set a $50.00 price objective on Fidelity National Information Services in a report on Monday, August 10th. Ten research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $53.12.

Fidelity National Information Services Stock Down 0.0%

FIS opened at $35.41 on Friday. The company has a market capitalization of $18.30 billion, a PE ratio of 5.44, a price-to-earnings-growth ratio of 0.37 and a beta of 0.79. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.53 and a quick ratio of 0.53. Fidelity National Information Services has a fifty-two week low of $34.22 and a fifty-two week high of $69.14. The business has a 50-day moving average of $40.73 and a 200-day moving average of $42.80.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings results on Tuesday, August 4th. The information technology services provider reported $1.48 EPS for the quarter, beating the consensus estimate of $1.47 by $0.01. Fidelity National Information Services had a return on equity of 20.95% and a net margin of 27.64%.The business had revenue of $3.38 billion during the quarter, compared to analysts’ expectations of $3.38 billion. During the same quarter in the previous year, the business posted $1.36 EPS. The firm’s quarterly revenue was up 29.1% compared to the same quarter last year. Fidelity National Information Services has set its FY 2026 guidance at 6.150-6.240 EPS and its Q3 2026 guidance at 1.580-1.620 EPS. Equities research analysts forecast that Fidelity National Information Services will post 6.2 EPS for the current fiscal year.

Fidelity National Information Services Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Friday, September 11th were issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 5.0%. The ex-dividend date was Friday, September 11th. Fidelity National Information Services’s dividend payout ratio is 27.04%.

Hedge Funds Weigh In On Fidelity National Information Services

A number of institutional investors have recently made changes to their positions in the business. QRG Capital Management Inc. boosted its stake in Fidelity National Information Services by 8.3% during the 2nd quarter. QRG Capital Management Inc. now owns 27,830 shares of the information technology services provider’s stock valued at $1,082,000 after purchasing an additional 2,139 shares during the period. Andra AP fonden increased its position in Fidelity National Information Services by 668.1% in the 2nd quarter. Andra AP fonden now owns 226,600 shares of the information technology services provider’s stock worth $8,810,000 after buying an additional 197,100 shares during the period. Sequoia Financial Advisors LLC lifted its holdings in shares of Fidelity National Information Services by 13.5% during the second quarter. Sequoia Financial Advisors LLC now owns 29,240 shares of the information technology services provider’s stock worth $1,137,000 after buying an additional 3,484 shares during the last quarter. Tidal Investments LLC boosted its position in shares of Fidelity National Information Services by 13.9% in the second quarter. Tidal Investments LLC now owns 153,767 shares of the information technology services provider’s stock valued at $5,978,000 after acquiring an additional 18,710 shares during the period. Finally, Cidel Asset Management Inc. grew its stake in shares of Fidelity National Information Services by 32.8% in the second quarter. Cidel Asset Management Inc. now owns 8,170 shares of the information technology services provider’s stock worth $318,000 after acquiring an additional 2,018 shares during the last quarter. 96.23% of the stock is currently owned by institutional investors.

Fidelity National Information Services Company Profile

Fidelity National Information Services, Inc (NYSE:FIS) is a global financial technology company that provides software, services and technology solutions to banks, credit unions, wealth management firms, capital markets institutions and other financial organizations. Its offerings support core banking, digital banking, payments processing, fraud prevention, risk management, compliance, data analytics and customer engagement.

FIS provides platforms for account processing, transaction processing, lending, treasury management, card and payment operations, and investment management.