Fidelity National Information Services (NYSE:FIS) Reaches New 12-Month Low – What’s Next?

Fidelity National Information Services, Inc. (NYSE:FIS) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $35.46 and last traded at $35.4740, with a volume of 161217 shares trading hands. The stock had previously closed at $35.62.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on FIS. Morgan Stanley initiated coverage on Fidelity National Information Services in a research report on Tuesday, July 7th. They set an “equal weight” rating and a $47.00 price objective for the company. UBS Group reissued a “neutral” rating on shares of Fidelity National Information Services in a report on Monday. Keefe, Bruyette & Woods dropped their price objective on shares of Fidelity National Information Services from $60.00 to $56.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 5th. Citigroup reduced their price objective on shares of Fidelity National Information Services from $48.00 to $45.00 and set a “neutral” rating for the company in a research note on Wednesday, August 5th. Finally, Royal Bank Of Canada lowered their price target on shares of Fidelity National Information Services from $57.00 to $53.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 5th. Ten analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Fidelity National Information Services has a consensus rating of “Hold” and an average price target of $53.46.

Fidelity National Information Services Price Performance

The company has a 50 day simple moving average of $41.13 and a 200 day simple moving average of $43.14. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.96. The company has a market capitalization of $18.10 billion, a price-to-earnings ratio of 5.38, a price-to-earnings-growth ratio of 0.37 and a beta of 0.79.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings data on Tuesday, August 4th. The information technology services provider reported $1.48 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $3.38 billion during the quarter, compared to the consensus estimate of $3.38 billion. During the same period in the previous year, the firm earned $1.36 earnings per share. Fidelity National Information Services’s revenue for the quarter 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, research analysts predict that Fidelity National Information Services, Inc. will post 6.2 EPS for the current year.

Fidelity National Information Services Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 11th will be paid a $0.44 dividend. The ex-dividend date is Friday, September 11th. This represents a $1.76 annualized dividend and a dividend yield of 5.0%. 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 and hedge funds have recently added to or reduced their stakes in FIS. Reflection Asset Management bought a new position in shares of Fidelity National Information Services in the 4th quarter worth about $34,000. MBM Wealth Consultants LLC bought a new position in Fidelity National Information Services in the 1st quarter worth approximately $33,000. Hantz Financial Services Inc. increased its holdings in shares of Fidelity National Information Services by 254.5% during the fourth quarter. Hantz Financial Services Inc. now owns 833 shares of the information technology services provider’s stock valued at $55,000 after purchasing an additional 598 shares during the period. Rothschild Investment LLC increased its stake in Fidelity National Information Services by 191.9% during the 4th quarter. Rothschild Investment LLC now owns 899 shares of the information technology services provider’s stock valued at $60,000 after buying an additional 591 shares during the period. Finally, Cary Street Partners Investment Advisory LLC raised its holdings in Fidelity National Information Services by 208.8% during the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 1,121 shares of the information technology services provider’s stock worth $75,000 after purchasing an additional 758 shares in the last quarter. 96.23% of the stock is owned by hedge funds and other institutional investors.

About Fidelity National Information Services

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.