Cantor Fitzgerald Begins Coverage on Fidelity National Information Services (NYSE:FIS)

Equities researchers at Cantor Fitzgerald started coverage on shares of Fidelity National Information Services (NYSE:FIS) in a research note issued to investors on Tuesday,Benzinga reports. The firm set an “overweight” rating and a $72.00 price target on the information technology services provider’s stock. Cantor Fitzgerald’s target price points to a potential upside of 21.72% from the stock’s previous close.

A number of other research firms also recently weighed in on FIS. Wells Fargo & Company assumed coverage on Fidelity National Information Services in a report on Wednesday, October 22nd. They set an “overweight” rating and a $81.00 target price for the company. Keefe, Bruyette & Woods lowered their price target on shares of Fidelity National Information Services from $88.00 to $85.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 1st. Weiss Ratings reissued a “sell (d)” rating on shares of Fidelity National Information Services in a report on Thursday. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $70.00 target price on shares of Fidelity National Information Services in a report on Thursday, January 15th. Finally, BNP Paribas Exane cut their price target on 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. Twelve analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $79.53.

Fidelity National Information Services Trading Down 2.2%

Shares of FIS stock opened at $59.15 on Tuesday. Fidelity National Information Services has a 12-month low of $58.75 and a 12-month high of $83.97. The company has a market capitalization of $30.63 billion, a PE ratio of 219.07, a price-to-earnings-growth ratio of 0.90 and a beta of 0.93. The firm has a 50 day moving average price of $65.23 and a two-hundred day moving average price of $68.13. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.64.

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

Insiders Place Their Bets

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein bought 941 shares of Fidelity National Information Services stock in a transaction on Thursday, January 15th. The shares were purchased at an average price of $64.11 per share, with a total value of $60,327.51. Following the acquisition, the director owned 14,529 shares in the company, valued at $931,454.19. This trade represents a 6.93% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.21% of the stock is owned by insiders.

Institutional Trading of Fidelity National Information Services

Several institutional investors and hedge funds have recently modified their holdings of the business. GHP Investment Advisors Inc. raised its stake in Fidelity National Information Services by 1.7% during the fourth quarter. GHP Investment Advisors Inc. now owns 24,618 shares of the information technology services provider’s stock worth $1,636,000 after acquiring an additional 409 shares in the last quarter. Moran Wealth Management LLC boosted its stake in shares of Fidelity National Information Services by 32.5% in the 4th quarter. Moran Wealth Management LLC now owns 81,609 shares of the information technology services provider’s stock valued at $5,424,000 after purchasing an additional 20,030 shares in the last quarter. Patriot Financial Group Insurance Agency LLC grew its holdings in shares of Fidelity National Information Services by 57.2% during the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 11,222 shares of the information technology services provider’s stock valued at $746,000 after purchasing an additional 4,085 shares during the last quarter. Merit Financial Group LLC increased its position in Fidelity National Information Services by 22.3% during the 4th quarter. Merit Financial Group LLC now owns 42,310 shares of the information technology services provider’s stock worth $2,812,000 after purchasing an additional 7,709 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its stake in Fidelity National Information Services by 21.5% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 103,482 shares of the information technology services provider’s stock valued at $6,877,000 after purchasing an additional 18,282 shares during the last quarter. 96.23% of the stock is currently owned by institutional investors.

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.