Fidelity National Information Services (NYSE:FIS) Upgraded by Citigroup to “Hold” Rating

Fidelity National Information Services (NYSE:FIS) was upgraded by analysts at Citigroup to a “hold” rating in a research report issued on Thursday,Zacks.com reports.

A number of other research firms have also recently weighed in on FIS. Keefe, Bruyette & Woods cut their price target on Fidelity National Information Services from $88.00 to $85.00 and set an “outperform” rating for the company in a report on Wednesday, October 1st. Weiss Ratings reissued a “sell (d)” rating on shares of Fidelity National Information Services in a report on Wednesday, October 8th. Truist Financial lifted their price objective on Fidelity National Information Services from $84.00 to $85.00 and gave the company a “hold” rating in a research report on Thursday, July 17th. Jefferies Financial Group lowered their price objective on Fidelity National Information Services from $75.00 to $70.00 and set a “hold” rating for the company in a research report on Tuesday, October 14th. Finally, Stephens lowered their price objective on Fidelity National Information Services from $100.00 to $90.00 and set an “overweight” rating for the company in a research report on Thursday, October 16th. Thirteen 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. Based on data from MarketBeat, Fidelity National Information Services currently has a consensus 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 Thursday. Fidelity National Information Services has a fifty-two week low of $63.00 and a fifty-two week high of $91.98. The stock has a market cap of $35.29 billion, a price-to-earnings ratio of 375.35 and a beta of 1.05. The business has a fifty day moving average of $67.62 and a 200-day moving average of $74.46. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.63.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings results on Tuesday, August 5th. The information technology services provider reported $1.36 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.36. Fidelity National Information Services had a return on equity of 18.73% and a net margin of 1.09%.The company had revenue of $2.62 billion during the quarter, compared to analysts’ expectations of $2.57 billion. During the same period in the previous year, the firm posted $1.36 earnings per share. The business’s revenue for the quarter was up 5.1% compared to the same quarter last year. 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. As a group, analysts predict that Fidelity National Information Services will post 5.74 earnings per share for the current fiscal year.

Insider Transactions at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein purchased 889 shares of the stock in a transaction on Wednesday, October 15th. The stock was purchased at an average price of $67.66 per share, with a total value of $60,149.74. Following the completion of the transaction, the director owned 13,588 shares in the company, 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 Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.21% of the company’s stock.

Institutional Investors Weigh In On Fidelity National Information Services

Institutional investors have recently added to or reduced their stakes in the company. Cullen Investment Group LTD. grew its position in Fidelity National Information Services by 10.4% during the second quarter. Cullen Investment Group LTD. now owns 58,464 shares of the information technology services provider’s stock valued at $4,760,000 after acquiring an additional 5,521 shares during the period. Oppenheimer & Co. Inc. purchased a new stake in Fidelity National Information Services during the first quarter valued at about $276,000. Brown Advisory Inc. boosted its position in shares of Fidelity National Information Services by 16.7% in the first quarter. Brown Advisory Inc. now owns 329,325 shares of the information technology services provider’s stock worth $24,594,000 after buying an additional 47,086 shares during the period. Compass Wealth Management LLC boosted its position in shares of Fidelity National Information Services by 13.5% in the first quarter. Compass Wealth Management LLC now owns 77,794 shares of the information technology services provider’s stock worth $5,810,000 after buying an additional 9,251 shares during the period. Finally, Brighton Jones LLC purchased a new stake in shares of Fidelity National Information Services in the fourth quarter worth about $347,000. Hedge funds and other institutional investors own 96.23% of the company’s stock.

About Fidelity National Information Services

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.