Truist Financial Cuts Fidelity National Information Services (NYSE:FIS) Price Target to $43.00

Fidelity National Information Services (NYSE:FIS) had its price target reduced by Truist Financial from $45.00 to $43.00 in a report issued on Friday morning,Benzinga reports. Truist Financial currently has a hold rating on the information technology services provider’s stock.

A number of other equities research analysts have also recently commented on the stock. Wall Street Zen cut shares of Fidelity National Information Services from a “buy” rating to a “hold” rating in a research note on Sunday, May 17th. Oppenheimer reduced their price target on shares of Fidelity National Information Services from $69.00 to $62.00 in a report on Friday, May 8th. Barclays began coverage on shares of Fidelity National Information Services in a research note on Wednesday, July 8th. They set an “equal weight” rating and a $44.00 price objective for the company. Keefe, Bruyette & Woods cut their price objective on Fidelity National Information Services from $72.00 to $68.00 and set an “outperform” rating for the company in a research report on Tuesday, April 7th. Finally, TD Cowen lowered their target price on Fidelity National Information Services from $78.00 to $62.00 and set a “buy” rating on the stock in a report on Tuesday, May 12th. Thirteen investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $58.68.

Fidelity National Information Services Stock Performance

NYSE FIS opened at $41.58 on Friday. The business has a 50 day moving average price of $40.87 and a 200 day moving average price of $47.34. The company has a market capitalization of $21.49 billion, a P/E ratio of 8.06, a PEG ratio of 0.41 and a beta of 0.80. Fidelity National Information Services has a 1-year low of $37.42 and a 1-year high of $82.62. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.59 and a quick ratio of 0.59.

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, topping 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 period in the previous year, the business earned $1.21 earnings per share. Fidelity National Information Services’s quarterly revenue was up 30.1% compared to the same quarter last year. 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. Sell-side analysts expect that Fidelity National Information Services will post 6.28 EPS for the current fiscal year.

Fidelity National Information Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Thursday, June 11th were given a $0.44 dividend. The ex-dividend date of this dividend was Thursday, June 11th. This represents a $1.76 annualized dividend and a dividend yield of 4.2%. Fidelity National Information Services’s dividend payout ratio is presently 34.11%.

Institutional Investors Weigh In On Fidelity National Information Services

Hedge funds have recently bought and sold shares of the business. BOKF NA grew its holdings in Fidelity National Information Services by 0.6% during the 3rd quarter. BOKF NA now owns 28,031 shares of the information technology services provider’s stock worth $1,848,000 after acquiring an additional 159 shares in the last quarter. Fiduciary Trust Co boosted its stake in Fidelity National Information Services by 4.9% during the 3rd quarter. Fiduciary Trust Co now owns 3,465 shares of the information technology services provider’s stock valued at $228,000 after purchasing an additional 161 shares during the period. FJ Capital Management LLC grew its position in Fidelity National Information Services by 4.7% in the 2nd quarter. FJ Capital Management LLC now owns 3,600 shares of the information technology services provider’s stock worth $293,000 after purchasing an additional 163 shares during the last quarter. Spire Wealth Management increased its stake in shares of Fidelity National Information Services by 15.6% in the fourth quarter. Spire Wealth Management now owns 1,299 shares of the information technology services provider’s stock valued at $86,000 after purchasing an additional 175 shares during the period. Finally, Salomon & Ludwin LLC raised its holdings in shares of Fidelity National Information Services by 100.5% during the fourth 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 last quarter. Institutional investors and hedge funds own 96.23% of the company’s stock.

Fidelity National Information Services Company Profile

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.