Deutsche Bank Aktiengesellschaft Cuts Fidelity National Information Services (NYSE:FIS) Price Target to $40.00

Fidelity National Information Services (NYSE:FIS) had its price target cut by Deutsche Bank Aktiengesellschaft from $45.00 to $40.00 in a research note issued to investors on Tuesday morning,Benzinga reports. They currently have a hold rating on the information technology services provider’s stock.

Several other research firms have also recently commented on FIS. Robert W. Baird decreased their price target on shares of Fidelity National Information Services from $48.00 to $45.00 and set a “neutral” rating for the company in a report on Friday, September 25th. Keefe, Bruyette & Woods cut their target price on shares of Fidelity National Information Services from $60.00 to $56.00 and set an “outperform” rating for the company in a research report on Wednesday, August 5th. Cantor Fitzgerald decreased their target price on shares of Fidelity National Information Services from $55.00 to $50.00 and set an “overweight” rating for the company in a research note on Monday, August 10th. Truist Financial lowered their price target on shares of Fidelity National Information Services from $45.00 to $43.00 and set a “hold” rating on the stock in a report on Friday, July 24th. Finally, UBS Group reaffirmed a “neutral” rating on shares of Fidelity National Information Services in a research note on Monday, September 21st. Ten investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $52.72.

Fidelity National Information Services Stock Performance

Shares of FIS stock opened at $33.08 on Tuesday. Fidelity National Information Services has a 1-year low of $32.74 and a 1-year high of $69.14. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.96. The company has a market capitalization of $17.10 billion, a price-to-earnings ratio of 5.08, a P/E/G ratio of 0.35 and a beta of 0.81. The stock’s fifty day simple moving average is $40.11 and its 200-day simple moving average is $42.34.

Fidelity National Information Services (NYSE:FIS) last announced 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 return on equity of 20.95% and a net margin of 27.64%.The firm had revenue of $3.38 billion during the quarter, compared to the consensus estimate of $3.38 billion. During the same period in the prior year, the business earned $1.36 EPS. The business’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. On average, sell-side analysts predict that Fidelity National Information Services will post 6.2 earnings per share for the current fiscal year.

Fidelity National Information Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Friday, September 11th were issued a dividend of $0.44 per share. The ex-dividend date was Friday, September 11th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 5.3%. Fidelity National Information Services’s dividend payout ratio (DPR) is currently 27.04%.

Hedge Funds Weigh In On Fidelity National Information Services

Several hedge funds have recently bought and sold shares of the business. Rexford Capital Inc. raised its stake in Fidelity National Information Services by 16.1% during the 1st quarter. Rexford Capital Inc. now owns 1,656 shares of the information technology services provider’s stock valued at $78,000 after purchasing an additional 230 shares during the last quarter. Azzad Asset Management Inc. ADV increased its holdings in shares of Fidelity National Information Services by 2.0% during the 1st quarter. Azzad Asset Management Inc. ADV now owns 12,598 shares of the information technology services provider’s stock worth $591,000 after purchasing an additional 250 shares during the period. Saxon Interests Inc. raised its position in shares of Fidelity National Information Services by 3.5% during the fourth quarter. Saxon Interests Inc. now owns 8,327 shares of the information technology services provider’s stock valued at $553,000 after buying an additional 281 shares during the last quarter. Dynamic Advisor Solutions LLC lifted its stake in shares of Fidelity National Information Services by 4.8% in the second quarter. Dynamic Advisor Solutions LLC now owns 6,316 shares of the information technology services provider’s stock valued at $246,000 after buying an additional 290 shares during the period. Finally, New Mexico Educational Retirement Board grew its position in Fidelity National Information Services by 1.3% during the fourth quarter. New Mexico Educational Retirement Board now owns 24,014 shares of the information technology services provider’s stock worth $1,596,000 after buying an additional 300 shares in the last quarter. 96.23% of the stock is owned by institutional investors and hedge funds.

About Fidelity National Information Services

Fidelity National Information Services, Inc (NYSE:FIS) is a global financial technology company that provides software, payments, and transaction-processing solutions to financial institutions, businesses, and other organizations. Its offerings help clients manage banking operations, digital accounts, payments, risk, compliance, and customer relationships.

FIS provides core processing and digital banking platforms, payment processing and merchant solutions, fraud and security tools, and technology for lending, wealth management, and capital markets.