Fidelity National Information Services (NYSE:FIS) Stock Gets Price Target Reduction from Truist Financial

Fidelity National Information Services (NYSE:FIS) had its price target cut by Truist Financial from $43.00 to $37.00 in a research report released on Friday,Benzinga reports. They currently have a hold rating on the information technology services provider’s stock.

Other equities research analysts have also recently issued reports about the stock. Stephens reaffirmed an “equal weight” rating and issued a $50.00 target price on shares of Fidelity National Information Services in a report on Tuesday, August 11th. Barclays lowered their price target on Fidelity National Information Services from $43.00 to $38.00 and set an “equal weight” rating on the stock in a report on Friday, October 9th. Susquehanna dropped their price target on Fidelity National Information Services from $46.00 to $37.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 13th. Keefe, Bruyette & Woods reduced their price objective on Fidelity National Information Services from $60.00 to $56.00 and set an “outperform” rating for the company in a research note on Wednesday, August 5th. Finally, The Goldman Sachs Group decreased their price objective on Fidelity National Information Services from $52.00 to $44.00 and set a “buy” rating for the company in a research report on Tuesday, October 13th. Eleven research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $49.04.

Fidelity National Information Services Stock Performance

Shares of FIS opened at $37.53 on Friday. The company’s 50 day simple moving average is $37.40 and its 200-day simple moving average is $40.89. The firm has a market cap of $19.40 billion, a PE ratio of 5.77, a price-to-earnings-growth ratio of 0.44 and a beta of 0.81. Fidelity National Information Services has a 12-month low of $32.10 and a 12-month high of $68.98. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.96.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings results on Tuesday, August 4th. The information technology services provider reported $1.48 EPS for the quarter, beating the consensus estimate of $1.47 by $0.01. The firm had revenue of $3.38 billion during the quarter, compared to the consensus estimate of $3.38 billion. Fidelity National Information Services had a net margin of 27.64% and a return on equity of 20.95%. Fidelity National Information Services’s revenue for the quarter was up 29.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.36 EPS. 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 analysts predict that Fidelity National Information Services will post 6.20 EPS for the current year.

Fidelity National Information Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Friday, September 11th were paid a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 4.7%. The ex-dividend date of this dividend was Friday, September 11th. Fidelity National Information Services’s payout ratio is currently 27.04%.

Insider Buying and Selling

In other news, Director Jeffrey Goldstein bought 1,585 shares of Fidelity National Information Services stock in a transaction dated Thursday, October 15th. The stock was bought at an average price of $36.40 per share, for a total transaction of $57,694.00. Following the purchase, the director owned 18,697 shares of the company’s stock, valued at approximately $680,570.80. The trade was a 9.26% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.28% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in FIS. BlackRock Inc. purchased a new stake in shares of Fidelity National Information Services in the second quarter valued at approximately $1,730,200,000. OP Asset Management Ltd acquired a new position in Fidelity National Information Services during the first quarter worth $2,509,000. South Dakota Investment Council raised its position in Fidelity National Information Services by 46.2% in the first quarter. South Dakota Investment Council now owns 228,021 shares of the information technology services provider’s stock worth $10,696,000 after acquiring an additional 72,040 shares in the last quarter. Bank of Nova Scotia purchased a new position in Fidelity National Information Services in the second quarter worth $2,448,000. Finally, Nykredit A S acquired a new stake in Fidelity National Information Services in the second quarter valued at $5,143,000. 96.23% of the stock is currently 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, services and technology infrastructure to banks, financial institutions, merchants and other businesses. Its solutions are designed to support transaction processing, digital banking, payments, risk management and other essential financial operations.

FIS offers core banking and digital banking platforms, card and payment processing services, fraud and financial crime prevention tools, and technologies that help financial institutions manage accounts, lending and other banking activities.