Fidelity National Information Services’ (FIS) “Equal Weight” Rating Reiterated at Wells Fargo & Company

Fidelity National Information Services (NYSE:FIS)‘s stock had its “equal weight” rating reiterated by stock analysts at Wells Fargo & Company in a research report issued to clients and investors on Tuesday,Benzinga reports. They presently have a $46.00 target price on the information technology services provider’s stock, down from their prior target price of $58.00. Wells Fargo & Company‘s price target points to a potential upside of 11.05% from the company’s previous close.

A number of other analysts have also recently commented on the company. Deutsche Bank Aktiengesellschaft lowered their price target on Fidelity National Information Services from $55.00 to $50.00 in a research report on Monday, May 11th. BNP Paribas Exane dropped 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. Barclays dropped their target price on Fidelity National Information Services from $44.00 to $43.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 5th. Oppenheimer reduced their price objective on shares of Fidelity National Information Services from $69.00 to $62.00 in a research report on Friday, May 8th. Finally, Keefe, Bruyette & Woods dropped their price target on Fidelity National Information Services from $60.00 to $56.00 and set an “outperform” rating for the company in a research report on Wednesday, August 5th. Ten investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $54.87.

Fidelity National Information Services Price Performance

Shares of FIS stock opened at $41.42 on Tuesday. The company has a market cap of $21.41 billion, a P/E ratio of 6.36, a PEG ratio of 0.42 and a beta of 0.77. 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 $41.47 and its 200 day moving average is $44.65. Fidelity National Information Services has a 1-year low of $37.42 and a 1-year high of $71.67.

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

Hedge Funds Weigh In On Fidelity National Information Services

Hedge funds and other institutional investors have recently made changes to their positions in the stock. MBM Wealth Consultants LLC acquired a new stake in Fidelity National Information Services in the first quarter valued at approximately $33,000. Reflection Asset Management acquired a new stake in shares of Fidelity National Information Services in the 4th quarter valued at $34,000. Kemnay Advisory Services Inc. purchased a new stake in shares of Fidelity National Information Services during the 4th quarter worth $42,000. DV Equities LLC acquired a new position in shares of Fidelity National Information Services during the fourth quarter worth $48,000. Finally, Hantz Financial Services Inc. increased its holdings in Fidelity National Information Services by 254.5% in the fourth quarter. Hantz Financial Services Inc. now owns 833 shares of the information technology services provider’s stock valued at $55,000 after buying an additional 598 shares during the last quarter. 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.