Fidelity National Information Services (NYSE:FIS) Price Target Lowered to $81.00 at Compass Point

Fidelity National Information Services (NYSE:FIS) had its price target decreased by Compass Point from $90.00 to $81.00 in a report published on Tuesday,Fidelity reports. Compass Point currently has a buy rating on the information technology services provider’s stock.

Several other analysts also recently weighed in on the stock. Wells Fargo & Company assumed coverage on shares of Fidelity National Information Services in a research note on Wednesday, October 22nd. They set an “overweight” rating and a $81.00 price target for the company. Truist Financial dropped their price objective on shares of Fidelity National Information Services from $72.00 to $70.00 and set a “hold” rating on the stock in a research note on Wednesday, November 19th. Citigroup raised shares of Fidelity National Information Services to a “hold” rating in a research note on Thursday, October 23rd. Royal Bank Of Canada dropped their target price on Fidelity National Information Services from $93.00 to $86.00 and set an “outperform” rating on the stock in a research report on Thursday, November 6th. Finally, KeyCorp restated a “hold” rating on shares of Fidelity National Information Services in a research note on Wednesday, October 22nd. Eleven analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $81.71.

Fidelity National Information Services Trading Down 0.9%

FIS stock traded down $0.56 during mid-day trading on Tuesday, reaching $63.42. 3,397,555 shares of the stock traded hands, compared to its average volume of 2,792,153. Fidelity National Information Services has a one year low of $59.51 and a one year high of $83.97. The stock has a market capitalization of $32.84 billion, a PE ratio of 234.89 and a beta of 0.93. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.53 and a current ratio of 0.53. The business has a 50-day moving average price of $65.83 and a two-hundred day moving average price of $69.31.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings results on Wednesday, November 5th. The information technology services provider reported $1.51 EPS for the quarter, topping analysts’ consensus estimates of $1.48 by $0.03. The firm had revenue of $2.72 billion during the quarter, compared to analysts’ expectations of $2.65 billion. Fidelity National Information Services had a net margin of 1.45% and a return on equity of 19.76%. The firm’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period in the previous year, the company earned $1.40 EPS. Fidelity National Information Services has set its FY 2025 guidance at 5.740-5.780 EPS. Equities research analysts expect that Fidelity National Information Services will post 5.74 EPS for the current year.

Fidelity National Information Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 23rd. Stockholders of record on Tuesday, December 9th were given a $0.40 dividend. The ex-dividend date was Tuesday, December 9th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.5%. Fidelity National Information Services’s payout ratio is 592.59%.

Institutional Investors Weigh In On Fidelity National Information Services

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. CX Institutional increased its position in shares of Fidelity National Information Services by 2.3% during the second quarter. CX Institutional now owns 6,317 shares of the information technology services provider’s stock worth $514,000 after purchasing an additional 140 shares in the last quarter. Pinnacle Bancorp Inc. grew its holdings in shares of Fidelity National Information Services by 21.9% during the third quarter. Pinnacle Bancorp Inc. now owns 835 shares of the information technology services provider’s stock worth $55,000 after buying an additional 150 shares in the last quarter. BOKF NA raised its position in shares of Fidelity National Information Services by 0.6% in the third quarter. BOKF NA now owns 28,031 shares of the information technology services provider’s stock valued at $1,848,000 after buying an additional 159 shares during the last quarter. Fiduciary Trust Co lifted its stake in shares of Fidelity National Information Services by 4.9% in the third quarter. Fiduciary Trust Co now owns 3,465 shares of the information technology services provider’s stock worth $228,000 after buying an additional 161 shares in the last quarter. Finally, Wealthspire Advisors LLC boosted its position in Fidelity National Information Services by 3.1% during the second quarter. Wealthspire Advisors LLC now owns 5,426 shares of the information technology services provider’s stock worth $442,000 after acquiring an additional 162 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.