Fidelity National Information Services (NYSE:FIS) Earns “Equal Weight” Rating from Stephens

Fidelity National Information Services (NYSE:FIS)‘s stock had its “equal weight” rating reiterated by Stephens in a research note issued on Tuesday,Benzinga reports. They currently have a $50.00 price objective on the information technology services provider’s stock. Stephens’ price target points to a potential upside of 17.92% from the stock’s previous close.

FIS has been the subject of several other reports. Barclays cut their price objective on shares of Fidelity National Information Services from $44.00 to $43.00 and set an “equal weight” rating for the company in a report on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Fidelity National Information Services from $55.00 to $50.00 in a research note on Monday, May 11th. Royal Bank Of Canada reduced their target price on Fidelity National Information Services from $57.00 to $53.00 and set an “outperform” rating for the company in a research report on Wednesday, August 5th. Oppenheimer lowered their target price on shares of Fidelity National Information Services from $69.00 to $62.00 in a research note on Friday, May 8th. Finally, Citigroup reduced their price target on shares of Fidelity National Information Services from $48.00 to $45.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 5th. Eleven analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Fidelity National Information Services has a consensus rating of “Hold” and a consensus price target of $55.39.

Fidelity National Information Services Price Performance

Shares of FIS opened at $42.40 on Tuesday. The business’s fifty day moving average is $41.12 and its 200 day moving average is $45.74. Fidelity National Information Services has a 12-month low of $37.42 and a 12-month high of $72.91. 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 stock has a market cap of $21.92 billion, a P/E ratio of 6.52, a P/E/G ratio of 0.42 and a beta of 0.77.

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 for the quarter, topping the consensus estimate of $1.47 by $0.01. The firm had revenue of $3.38 billion for 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 revenue was up 29.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $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. Sell-side analysts anticipate that Fidelity National Information Services will post 6.19 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Fidelity National Information Services

Hedge funds and other institutional investors have recently made changes to their positions in the business. Norges Bank bought a new stake in shares of Fidelity National Information Services in the 4th quarter valued at about $495,956,000. OP Asset Management Ltd purchased a new stake in Fidelity National Information Services during the 1st quarter worth approximately $2,509,000. South Dakota Investment Council increased its position in shares of Fidelity National Information Services by 46.2% in the 1st quarter. South Dakota Investment Council now owns 228,021 shares of the information technology services provider’s stock valued at $10,696,000 after acquiring an additional 72,040 shares during the period. Brighton Jones LLC acquired a new position in Fidelity National Information Services in the 4th quarter worth approximately $347,000. Finally, PFA Pension Forsikringsaktieselskab acquired a new stake in shares of Fidelity National Information Services in the fourth quarter worth $17,353,000. 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.