Keefe, Bruyette & Woods Cuts Fidelity National Information Services (NYSE:FIS) Price Target to $56.00

Fidelity National Information Services (NYSE:FIS) had its target price lowered by Keefe, Bruyette & Woods from $60.00 to $56.00 in a research note published on Wednesday morning,Benzinga reports. The firm currently has an outperform rating on the information technology services provider’s stock.

Several other analysts have also weighed in on the company. Weiss Ratings raised Fidelity National Information Services from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, July 28th. Cantor Fitzgerald dropped their target price on shares of Fidelity National Information Services from $62.00 to $55.00 and set an “overweight” rating for the company in a report on Monday, May 11th. Oppenheimer reduced their price target on shares of Fidelity National Information Services from $69.00 to $62.00 in a research note on Friday, May 8th. Morgan Stanley started coverage on shares of Fidelity National Information Services in a report on Tuesday, July 7th. They set an “equal weight” rating and a $47.00 price target on the stock. Finally, UBS Group restated a “neutral” rating and issued a $49.00 target price (down from $63.00) on shares of Fidelity National Information Services in a research report on Wednesday. Twelve analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Fidelity National Information Services presently has an average rating of “Hold” and an average target price of $56.55.

Fidelity National Information Services Stock Performance

NYSE FIS opened at $42.78 on Wednesday. The firm’s 50 day simple moving average is $41.14 and its 200 day simple moving average is $45.98. The firm has a market capitalization of $22.11 billion, a price-to-earnings ratio of 6.57, a P/E/G ratio of 0.42 and a beta of 0.77. The company has a current ratio of 0.53, a quick ratio of 0.59 and a debt-to-equity ratio of 0.96. Fidelity National Information Services has a 1 year low of $37.42 and a 1 year high of $72.91.

Fidelity National Information Services (NYSE:FIS) last released its earnings results 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. Fidelity National Information Services had a return on equity of 20.95% and a net margin of 27.64%.The firm had revenue of $3.38 billion during the quarter, compared to analysts’ expectations of $3.38 billion. During the same period in the prior year, the company earned $1.36 earnings per share. The company’s quarterly revenue was up 29.1% on a year-over-year basis. 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. As a group, research analysts expect that Fidelity National Information Services will post 6.2 earnings per share for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 11th will be issued a $0.44 dividend. The ex-dividend date is Friday, September 11th. This represents a $1.76 annualized dividend and a yield of 4.1%. Fidelity National Information Services’s payout ratio is presently 27.04%.

Institutional Investors Weigh In On Fidelity National Information Services

A number of hedge funds have recently added to or reduced their stakes in FIS. Salomon & Ludwin LLC boosted its holdings in Fidelity National Information Services by 100.5% in the fourth quarter. Salomon & Ludwin LLC now owns 387 shares of the information technology services provider’s stock worth $26,000 after acquiring an additional 194 shares in the last quarter. MBM Wealth Consultants LLC bought a new stake in shares of Fidelity National Information Services during the first quarter valued at approximately $33,000. Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of Fidelity National Information Services by 251.4% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 506 shares of the information technology services provider’s stock valued at $34,000 after acquiring an additional 362 shares in the last quarter. Reflection Asset Management acquired a new position in shares of Fidelity National Information Services during the fourth quarter worth approximately $34,000. Finally, Kemnay Advisory Services Inc. bought a new position in shares of Fidelity National Information Services in the 4th quarter worth $42,000. 96.23% of the stock is currently owned by institutional investors.

Fidelity National Information Services Company Profile

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.