Fidelity National Information Services (NYSE:FIS) Given New $45.00 Price Target at Robert W. Baird

Fidelity National Information Services (NYSE:FIS) had its price target decreased by Robert W. Baird from $48.00 to $45.00 in a note issued to investors on Friday, Benzinga reports. The brokerage presently has a “neutral” rating on the information technology services provider’s stock. Robert W. Baird’s price target indicates a potential upside of 28.58% from the company’s previous close.

A number of other research analysts have also recently commented on the company. Weiss Ratings cut Fidelity National Information Services from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, September 10th. National Bank Financial set a $50.00 target price on Fidelity National Information Services in a report on Monday, August 10th. UBS Group restated a “neutral” rating on shares of Fidelity National Information Services in a report on Monday. 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 research note on Wednesday, August 5th. Finally, Cantor Fitzgerald dropped their price objective on shares of Fidelity National Information Services from $55.00 to $50.00 and set an “overweight” rating for the company in a report on Monday, August 10th. Ten research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Fidelity National Information Services has a consensus rating of “Hold” and an average price target of $53.12.

Fidelity National Information Services Trading Up 0.9%

FIS opened at $35.00 on Friday. The company’s 50 day moving average is $40.85 and its 200-day moving average is $42.92. Fidelity National Information Services has a 1-year low of $34.22 and a 1-year high of $69.14. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.96. The company has a market cap of $18.09 billion, a P/E ratio of 5.38, a PEG ratio of 0.36 and a beta of 0.79.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings data on Tuesday, August 4th. The information technology services provider reported $1.48 earnings per share (EPS) 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 analysts’ expectations of $3.38 billion. Fidelity National Information Services had a net margin of 27.64% and a return on equity of 20.95%. The firm’s quarterly revenue was up 29.1% compared to the same quarter last year. During the same period in the prior year, the company 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. Equities research analysts predict that Fidelity National Information Services will post 6.2 earnings per share for the current fiscal year.

Institutional Trading of Fidelity National Information Services

Several large investors have recently made changes to their positions in the company. QRG Capital Management Inc. grew its stake in Fidelity National Information Services by 8.3% in the second quarter. QRG Capital Management Inc. now owns 27,830 shares of the information technology services provider’s stock valued at $1,082,000 after acquiring an additional 2,139 shares during the period. Andra AP fonden raised its position in shares of Fidelity National Information Services by 668.1% during the second quarter. Andra AP fonden now owns 226,600 shares of the information technology services provider’s stock worth $8,810,000 after purchasing an additional 197,100 shares during the period. Sequoia Financial Advisors LLC raised its position in shares of Fidelity National Information Services by 13.5% during the second quarter. Sequoia Financial Advisors LLC now owns 29,240 shares of the information technology services provider’s stock worth $1,137,000 after purchasing an additional 3,484 shares during the period. Tidal Investments LLC lifted its holdings in shares of Fidelity National Information Services by 13.9% in the 2nd quarter. Tidal Investments LLC now owns 153,767 shares of the information technology services provider’s stock worth $5,978,000 after purchasing an additional 18,710 shares in the last quarter. Finally, Cidel Asset Management Inc. grew its position in Fidelity National Information Services by 32.8% in the 2nd quarter. Cidel Asset Management Inc. now owns 8,170 shares of the information technology services provider’s stock valued at $318,000 after purchasing an additional 2,018 shares during the period. 96.23% of the stock is currently owned by institutional investors and hedge funds.

Fidelity National Information Services Company Profile

Fidelity National Information Services, Inc (NYSE:FIS) is a global financial technology company that provides software, services and technology solutions to banks, credit unions, wealth management firms, capital markets institutions and other financial organizations. Its offerings support core banking, digital banking, payments processing, fraud prevention, risk management, compliance, data analytics and customer engagement.

FIS provides platforms for account processing, transaction processing, lending, treasury management, card and payment operations, and investment management.