Fidelity National Information Services (NYSE:FIS) Stock Price Target Cut by Robert W. Baird

Fidelity National Information Services (NYSE:FIS) had its target price dropped by equities researchers at Robert W. Baird from $48.00 to $45.00 in a report issued on Friday, Benzinga reports. The brokerage currently has a “neutral” rating on the information technology services provider’s stock. Robert W. Baird’s price target would indicate a potential upside of 28.58% from the stock’s previous close.

Several other equities research analysts have also recently commented on the company. Citigroup cut their target price on Fidelity National Information Services from $48.00 to $45.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 5th. Truist Financial lowered their price objective on shares of Fidelity National Information Services from $45.00 to $43.00 and set a “hold” rating on the stock in a report on Friday, July 24th. Royal Bank Of Canada reduced their target price on shares of 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. Morgan Stanley began coverage on shares of Fidelity National Information Services in a research report on Tuesday, July 7th. They issued an “equal weight” rating and a $47.00 target price for the company. Finally, Weiss Ratings cut shares of Fidelity National Information Services from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, September 10th. Ten research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $53.12.

Fidelity National Information Services Trading Up 0.9%

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

Fidelity National Information Services (NYSE:FIS) last posted its earnings results 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 return on equity of 20.95% and a net margin of 27.64%.Fidelity National Information Services’s revenue for the quarter was up 29.1% compared to the same quarter last year. During the same period in the prior year, the business 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. Sell-side analysts anticipate that Fidelity National Information Services will post 6.2 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Fidelity National Information Services

A number of hedge funds have recently bought and sold shares of FIS. QRG Capital Management Inc. raised its position in shares of Fidelity National Information Services by 8.3% in the 2nd quarter. QRG Capital Management Inc. now owns 27,830 shares of the information technology services provider’s stock valued at $1,082,000 after buying an additional 2,139 shares in the last quarter. Andra AP fonden increased its stake in Fidelity National Information Services by 668.1% in the second quarter. Andra AP fonden now owns 226,600 shares of the information technology services provider’s stock valued at $8,810,000 after acquiring an additional 197,100 shares during the last quarter. Sequoia Financial Advisors LLC raised its position in 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 valued at $1,137,000 after purchasing an additional 3,484 shares in the last quarter. Tidal Investments LLC lifted its stake in Fidelity National Information Services by 13.9% during the second 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 during the last quarter. Finally, Cidel Asset Management Inc. boosted its holdings in shares of 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 in the last quarter. 96.23% of the stock is owned by institutional investors.

About Fidelity National Information Services

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.