Barclays Cuts Fidelity National Information Services (NYSE:FIS) Price Target to $43.00

Fidelity National Information Services (NYSE:FIS) had its price target cut by Barclays from $44.00 to $43.00 in a research note published on Wednesday,Benzinga reports. They currently have an equal weight rating on the information technology services provider’s stock.

A number of other equities research analysts have also issued reports on FIS. TD Cowen lowered their target price on Fidelity National Information Services from $78.00 to $62.00 and set a “buy” rating for the company in a research note on Tuesday, May 12th. Cantor Fitzgerald reduced their price target on Fidelity National Information Services from $62.00 to $55.00 and set an “overweight” rating on the stock in a research report on Monday, May 11th. Truist Financial decreased their price target on Fidelity National Information Services from $45.00 to $43.00 and set a “hold” rating for the company in a report on Friday, July 24th. Oppenheimer lowered their price objective on shares of Fidelity National Information Services from $69.00 to $62.00 in a research report on Friday, May 8th. Finally, Citigroup reduced their target price on shares of Fidelity National Information Services from $53.00 to $48.00 in a research report on Friday, May 8th. Twelve research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $56.55.

Fidelity National Information Services Stock Performance

Shares of FIS stock opened at $42.78 on Wednesday. The company has a current ratio of 0.53, a quick ratio of 0.59 and a debt-to-equity ratio of 0.96. The company has a market cap of $22.11 billion, a PE ratio of 6.57, a P/E/G ratio of 0.42 and a beta of 0.77. The company’s fifty day simple moving average is $41.14 and its 200-day simple moving average is $45.98. Fidelity National Information Services has a 52 week low of $37.42 and a 52 week high of $72.91.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings results on Tuesday, August 4th. The information technology services provider reported $1.48 earnings per share for the quarter, topping analysts’ consensus estimates of $1.47 by $0.01. Fidelity National Information Services had a net margin of 27.64% and a return on equity of 20.95%. The firm had revenue of $3.38 billion during the quarter, compared to analysts’ expectations of $3.38 billion. During the same period in the prior year, the company earned $1.36 EPS. The firm’s revenue was up 29.1% on a year-over-year basis. 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. As a group, equities research analysts anticipate that Fidelity National Information Services will post 6.2 EPS for the current year.

Fidelity National Information Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 11th will be paid a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date is Friday, September 11th. Fidelity National Information Services’s dividend payout ratio (DPR) 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 FIS. Norges Bank bought a new position in Fidelity National Information Services in the 4th quarter worth approximately $495,956,000. OP Asset Management Ltd acquired a new position in Fidelity National Information Services during the 1st quarter worth $2,509,000. South Dakota Investment Council increased its holdings in shares of Fidelity National Information Services by 46.2% during the first quarter. South Dakota Investment Council now owns 228,021 shares of the information technology services provider’s stock valued at $10,696,000 after purchasing an additional 72,040 shares during the period. Brighton Jones LLC bought a new stake in shares of Fidelity National Information Services during the fourth quarter valued at about $347,000. Finally, PFA Pension Forsikringsaktieselskab acquired a new stake in Fidelity National Information Services in the fourth quarter worth about $17,353,000. 96.23% of the stock is owned by institutional investors and hedge funds.

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.