Fidelity National Information Services (NYSE:FIS) Coverage Initiated at Citigroup

Citigroup initiated coverage on shares of Fidelity National Information Services (NYSE:FIS) in a note issued to investors on Wednesday, Marketbeat reports. The firm set a “neutral” rating and a $73.00 price target on the information technology services provider’s stock. Citigroup’s price objective points to a potential upside of 8.05% from the stock’s previous close.

A number of other equities analysts also recently commented on FIS. Wells Fargo & Company started coverage on Fidelity National Information Services in a research report on Wednesday. They set an “overweight” rating and a $81.00 price objective on the stock. Truist Financial lifted their price target on Fidelity National Information Services from $84.00 to $85.00 and gave the stock a “hold” rating in a report on Thursday, July 17th. KeyCorp reissued a “hold” rating on shares of Fidelity National Information Services in a report on Wednesday. Susquehanna reduced their target price on shares of Fidelity National Information Services from $81.00 to $77.00 and set a “neutral” rating on the stock in a research note on Friday, September 12th. Finally, Stephens decreased their target price on shares of Fidelity National Information Services from $100.00 to $90.00 and set an “overweight” rating on the stock in a report on Thursday, October 16th. Thirteen equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $88.67.

Fidelity National Information Services Stock Performance

NYSE:FIS opened at $67.56 on Wednesday. The company has a market cap of $35.29 billion, a P/E ratio of 375.35 and a beta of 1.05. Fidelity National Information Services has a twelve month low of $63.00 and a twelve month high of $91.98. The company’s 50-day moving average price is $67.62 and its 200-day moving average price is $74.46. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.63.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings data on Tuesday, August 5th. The information technology services provider reported $1.36 EPS for the quarter, meeting analysts’ consensus estimates of $1.36. Fidelity National Information Services had a net margin of 1.09% and a return on equity of 18.73%. The company had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $2.57 billion. During the same quarter in the prior year, the firm earned $1.36 EPS. Fidelity National Information Services’s quarterly revenue was up 5.1% on a year-over-year basis. Fidelity National Information Services has set its Q3 2025 guidance at 1.460-1.500 EPS. FY 2025 guidance at 5.720-5.800 EPS. On average, sell-side analysts forecast that Fidelity National Information Services will post 5.74 earnings per share for the current fiscal year.

Insider Buying and Selling at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein purchased 889 shares of Fidelity National Information Services stock in a transaction dated Wednesday, October 15th. The shares were acquired at an average cost of $67.66 per share, with a total value of $60,149.74. Following the purchase, the director owned 13,588 shares of the company’s stock, valued at approximately $919,364.08. The trade was a 7.00% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.21% of the stock is currently owned by corporate insiders.

Institutional Trading of Fidelity National Information Services

Several institutional investors have recently added to or reduced their stakes in FIS. Capital Investment Advisors LLC raised its position in Fidelity National Information Services by 9.5% in the third quarter. Capital Investment Advisors LLC now owns 3,850 shares of the information technology services provider’s stock valued at $254,000 after purchasing an additional 333 shares during the period. Nisa Investment Advisors LLC grew its stake in shares of Fidelity National Information Services by 32.1% in the third quarter. Nisa Investment Advisors LLC now owns 143,701 shares of the information technology services provider’s stock valued at $9,476,000 after buying an additional 34,882 shares in the last quarter. Steigerwald Gordon & Koch Inc. purchased a new stake in shares of Fidelity National Information Services in the 3rd quarter valued at $37,000. Lecap Asset Management Ltd. acquired a new position in Fidelity National Information Services during the 3rd quarter worth about $1,437,000. Finally, SG Americas Securities LLC boosted its holdings in Fidelity National Information Services by 148.1% during the 3rd quarter. SG Americas Securities LLC now owns 71,811 shares of the information technology services provider’s stock valued at $4,735,000 after acquiring an additional 42,862 shares during the period. Institutional investors and hedge funds own 96.23% of the company’s stock.

Fidelity National Information Services Company Profile

Fidelity National Information Services, Inc engages in the provision of financial services technology solutions for financial institutions, businesses, and developers worldwide. It operates through Banking Solutions, Capital Market Solutions, and Corporate and Other segments. The company provides core processing and ancillary applications; mobile and online banking; fraud, risk management, and compliance; card and retail payment; electronic funds transfer and network; wealth and retirement; and item processing and output solutions.