Fidelity National Information Services (NYSE:FIS) Now Covered by Analysts at Morgan Stanley

Stock analysts at Morgan Stanley initiated coverage on shares of Fidelity National Information Services (NYSE:FIS) in a report released on Tuesday. The brokerage set an “equal weight” rating and a $47.00 price target on the information technology services provider’s stock. Morgan Stanley’s target price points to a potential upside of 9.21% from the stock’s current price.

A number of other brokerages also recently commented on FIS. Cantor Fitzgerald lowered their target price on shares of Fidelity National Information Services from $62.00 to $55.00 and set an “overweight” rating for the company in a research note on Monday, May 11th. Stephens reduced their price target on shares of Fidelity National Information Services from $85.00 to $65.00 and set an “overweight” rating for the company in a research report on Friday, May 8th. UBS Group cut their target price on Fidelity National Information Services from $73.00 to $63.00 and set a “buy” rating on the stock in a research report on Monday, May 11th. Truist Financial reduced their price objective on Fidelity National Information Services from $50.00 to $45.00 and set a “hold” rating for the company in a research note on Thursday, May 28th. Finally, Oppenheimer dropped their target price on Fidelity National Information Services from $69.00 to $62.00 in a report on Friday, May 8th. Thirteen investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Fidelity National Information Services has a consensus rating of “Moderate Buy” and a consensus target price of $60.68.

Fidelity National Information Services Stock Performance

Shares of FIS traded up $1.77 during mid-day trading on Tuesday, reaching $43.04. The company had a trading volume of 649,265 shares, compared to its average volume of 5,944,643. The stock has a market capitalization of $22.25 billion, a P/E ratio of 8.34, a PEG ratio of 0.41 and a beta of 0.80. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 1.05. The stock has a 50 day moving average of $41.86 and a two-hundred day moving average of $49.99. Fidelity National Information Services has a 52-week low of $37.42 and a 52-week high of $82.62.

Fidelity National Information Services (NYSE:FIS) last posted its earnings results on Friday, May 8th. The information technology services provider reported $1.36 EPS for the quarter, beating analysts’ consensus estimates of $1.28 by $0.08. Fidelity National Information Services had a return on equity of 21.30% and a net margin of 23.35%.The company had revenue of $3.29 billion for the quarter, compared to the consensus estimate of $3.28 billion. During the same quarter in the previous year, the business earned $1.21 earnings per share. The company’s revenue for the quarter was up 30.1% on a year-over-year basis. Fidelity National Information Services has set its FY 2026 guidance at 6.220-6.320 EPS and its Q2 2026 guidance at 1.450-1.490 EPS. On average, analysts expect that Fidelity National Information Services will post 6.28 earnings per share for the current year.

Institutional Investors Weigh In On Fidelity National Information Services

Institutional investors have recently added to or reduced their stakes in the business. Salomon & Ludwin LLC lifted its holdings in shares of Fidelity National Information Services by 100.5% in the 4th quarter. Salomon & Ludwin LLC now owns 387 shares of the information technology services provider’s stock valued at $26,000 after buying an additional 194 shares during the period. GoalVest Advisory LLC purchased a new stake in Fidelity National Information Services during the fourth quarter worth about $33,000. Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of Fidelity National Information Services by 251.4% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 506 shares of the information technology services provider’s stock valued at $34,000 after acquiring an additional 362 shares during the period. Reflection Asset Management acquired a new stake in shares of Fidelity National Information Services in the 4th quarter worth approximately $34,000. Finally, Kemnay Advisory Services Inc. purchased a new position in Fidelity National Information Services in the 4th quarter valued at approximately $42,000. Hedge funds and other institutional investors own 96.23% of the company’s stock.

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.