Fidelity National Information Services’ (FIS) Equal Weight Rating Reiterated at Stephens

Stephens restated their equal weight rating on shares of Fidelity National Information Services (NYSE:FIS) in a report published on Tuesday,Benzinga reports. They currently have a $50.00 target price on the information technology services provider’s stock.

FIS has been the topic of a number of other reports. BNP Paribas Exane reduced their price objective on shares of Fidelity National Information Services from $40.00 to $37.00 and set an “underperform” rating on the stock in a research note on Thursday, May 14th. 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 on the stock in a research note on Wednesday, August 5th. Oppenheimer reduced their price target on shares of Fidelity National Information Services from $69.00 to $62.00 in a research report on Friday, May 8th. The Goldman Sachs Group decreased their price target on Fidelity National Information Services from $65.00 to $57.00 and set a “buy” rating for the company in a research note on Monday, May 11th. Finally, Royal Bank Of Canada lowered their price objective on Fidelity National Information Services from $57.00 to $53.00 and set an “outperform” rating for the company in a report on Wednesday, August 5th. Eleven analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $55.39.

Fidelity National Information Services Stock Performance

Shares of FIS opened at $44.12 on Tuesday. The firm has a market cap of $22.81 billion, a price-to-earnings ratio of 6.78, a PEG ratio of 0.43 and a beta of 0.77. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.96. The business’s 50 day moving average is $41.20 and its two-hundred day moving average is $45.36. Fidelity National Information Services has a 52-week low of $37.42 and a 52-week high of $72.68.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings results on Tuesday, August 4th. The information technology services provider reported $1.48 earnings per share for the quarter, topping analysts’ consensus estimates of $1.47 by $0.01. The business 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%. The business’s quarterly revenue was up 29.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.36 earnings per share. 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. Analysts forecast that Fidelity National Information Services will post 6.19 EPS for the current fiscal year.

Fidelity National Information Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 11th will be paid a dividend of $0.44 per share. The ex-dividend date is Friday, September 11th. This represents a $1.76 annualized dividend and a yield of 4.0%. Fidelity National Information Services’s payout ratio is presently 27.04%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of FIS. Salomon & Ludwin LLC raised its stake in 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 worth $26,000 after acquiring an additional 194 shares during the period. MBM Wealth Consultants LLC acquired a new position in Fidelity National Information Services in the first quarter valued at approximately $33,000. Reflection Asset Management acquired a new position in Fidelity National Information Services in the fourth quarter valued at approximately $34,000. Kemnay Advisory Services Inc. bought a new position in shares of Fidelity National Information Services during the fourth quarter valued at approximately $42,000. Finally, DV Equities LLC acquired a new stake in shares of Fidelity National Information Services during the 4th quarter worth approximately $48,000. 96.23% of the stock is owned by institutional investors and hedge funds.

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.