Argus Cuts Fidelity National Information Services (NYSE:FIS) Price Target to $65.00

Fidelity National Information Services (NYSE:FISFree Report) had its price objective reduced by Argus from $92.00 to $65.00 in a research report sent to investors on Thursday,Fidelity reports. Argus currently has a buy rating on the information technology services provider’s stock.

Several other equities analysts have also recently weighed in on the company. JPMorgan Chase & Co. decreased their price objective on Fidelity National Information Services from $80.00 to $65.00 and set an “overweight” rating for the company in a report on Thursday, February 12th. Stephens decreased their price target on Fidelity National Information Services from $90.00 to $85.00 and set an “overweight” rating for the company in a research note on Friday, January 16th. Weiss Ratings reiterated a “sell (d)” rating on shares of Fidelity National Information Services in a research note on Thursday, January 22nd. TD Cowen cut their price objective on Fidelity National Information Services from $89.00 to $78.00 and set a “buy” rating for the company in a report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $70.00 target price on shares of Fidelity National Information Services in a report on Thursday, January 15th. Thirteen equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $70.50.

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Fidelity National Information Services Price Performance

Shares of FIS opened at $50.81 on Thursday. The company has a quick ratio of 0.53, a current ratio of 0.59 and a debt-to-equity ratio of 0.65. Fidelity National Information Services has a twelve month low of $46.16 and a twelve month high of $82.74. The stock has a market capitalization of $26.13 billion, a P/E ratio of 69.60, a P/E/G ratio of 0.48 and a beta of 0.90. The company has a 50 day moving average of $58.11 and a 200-day moving average of $63.65.

Fidelity National Information Services (NYSE:FISGet Free Report) last announced its quarterly earnings data 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). The business had revenue of $2.81 billion during the quarter, compared to the consensus estimate of $2.74 billion. Fidelity National Information Services had a return on equity of 21.21% and a net margin of 3.58%.The business’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.40 EPS. 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. As a group, equities research analysts forecast that Fidelity National Information Services will post 5.74 EPS for the current fiscal year.

Fidelity National Information Services Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 24th. Shareholders of record on Tuesday, March 10th will be issued a dividend of $0.44 per share. The ex-dividend date of this dividend is Tuesday, March 10th. This represents a $1.76 annualized dividend and a yield of 3.5%. This is a positive change from Fidelity National Information Services’s previous quarterly dividend of $0.40. Fidelity National Information Services’s payout ratio is 219.18%.

Insider Buying and Selling

In related news, Director Jeffrey A. Goldstein acquired 941 shares of the firm’s stock in a transaction on Thursday, January 15th. The shares were purchased at an average cost of $64.11 per share, for a total transaction of $60,327.51. Following the completion of the acquisition, the director directly owned 14,529 shares in the company, valued at approximately $931,454.19. This trade represents a 6.93% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.21% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of FIS. Pinnacle Bancorp Inc. boosted its holdings in shares of Fidelity National Information Services by 21.9% during the third quarter. Pinnacle Bancorp Inc. now owns 835 shares of the information technology services provider’s stock worth $55,000 after acquiring an additional 150 shares during the period. BOKF NA boosted its stake in Fidelity National Information Services by 0.6% in the 3rd quarter. BOKF NA now owns 28,031 shares of the information technology services provider’s stock valued at $1,848,000 after purchasing an additional 159 shares during the period. Fiduciary Trust Co grew its holdings in Fidelity National Information Services by 4.9% in the 3rd quarter. Fiduciary Trust Co now owns 3,465 shares of the information technology services provider’s stock valued at $228,000 after buying an additional 161 shares in the last quarter. Wealthspire Advisors LLC lifted its holdings in shares of Fidelity National Information Services by 3.1% during the second quarter. Wealthspire Advisors LLC now owns 5,426 shares of the information technology services provider’s stock worth $442,000 after buying an additional 162 shares in the last quarter. Finally, FJ Capital Management LLC boosted its position in shares of Fidelity National Information Services by 4.7% in the second quarter. FJ Capital Management LLC now owns 3,600 shares of the information technology services provider’s stock valued at $293,000 after acquiring an additional 163 shares during the period. Institutional investors and hedge funds own 96.23% of the company’s stock.

Fidelity National Information Services News Summary

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

Fidelity National Information Services Company Profile

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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.

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

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