Stephens Cuts Fidelity National Information Services (NYSE:FIS) Price Target to $85.00

Fidelity National Information Services (NYSE:FIS) had its target price cut by investment analysts at Stephens from $90.00 to $85.00 in a research note issued on Friday,Fidelity reports. The brokerage presently has an “overweight” rating on the information technology services provider’s stock. Stephens’ price objective would suggest a potential upside of 34.11% from the company’s current price.

Several other equities analysts have also recently weighed in on FIS. UBS Group lifted their price objective on Fidelity National Information Services from $82.00 to $83.00 and gave the company a “buy” rating in a report on Thursday, November 6th. KeyCorp reissued a “hold” rating on shares of Fidelity National Information Services in a research report on Wednesday, October 22nd. Jefferies Financial Group reduced their target price on shares of Fidelity National Information Services from $75.00 to $70.00 and set a “hold” rating for the company in a research note on Tuesday, October 14th. JPMorgan Chase & Co. dropped their price target on Fidelity National Information Services from $85.00 to $80.00 and set an “overweight” rating on the stock in a research note on Thursday, November 6th. Finally, Truist Financial cut their price target on Fidelity National Information Services from $72.00 to $70.00 and set a “hold” rating on the stock in a report on Wednesday, November 19th. Eleven research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $81.41.

Fidelity National Information Services Stock Down 0.1%

Shares of NYSE:FIS opened at $63.38 on Friday. The company has a 50 day moving average price of $65.78 and a two-hundred day moving average price of $69.15. The company has a market capitalization of $32.82 billion, a PE ratio of 234.74 and a beta of 0.93. Fidelity National Information Services has a 52 week low of $59.51 and a 52 week high of $83.97. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.53 and a current ratio of 0.53.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings data on Wednesday, November 5th. The information technology services provider reported $1.51 EPS for the quarter, topping the consensus estimate of $1.48 by $0.03. The business had revenue of $2.72 billion for the quarter, compared to the consensus estimate of $2.65 billion. Fidelity National Information Services had a return on equity of 19.76% and a net margin of 1.45%.The firm’s revenue was up 5.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.40 EPS. Fidelity National Information Services has set its FY 2025 guidance at 5.740-5.780 EPS. Analysts forecast that Fidelity National Information Services will post 5.74 earnings per share for the current year.

Hedge Funds Weigh In On Fidelity National Information Services

A number of large investors have recently modified their holdings of FIS. NewSquare Capital LLC lifted its stake in Fidelity National Information Services by 115.1% in the 2nd quarter. NewSquare Capital LLC now owns 357 shares of the information technology services provider’s stock worth $29,000 after purchasing an additional 191 shares in the last quarter. Root Financial Partners LLC bought a new position in Fidelity National Information Services in the third quarter valued at $29,000. LRI Investments LLC lifted its stake in Fidelity National Information Services by 613.1% during the third quarter. LRI Investments LLC now owns 435 shares of the information technology services provider’s stock worth $29,000 after purchasing an additional 374 shares during the last quarter. Raiffeisen Bank International AG purchased a new position in shares of Fidelity National Information Services in the 3rd quarter worth about $29,000. Finally, GoalVest Advisory LLC bought a new position in shares of Fidelity National Information Services during the 4th quarter valued at $33,000. 96.23% of the stock is currently owned by institutional investors.

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.