Morgan Stanley Initiates Coverage on Fidelity National Information Services (NYSE:FIS)

Equities research analysts at Morgan Stanley assumed coverage on shares of Fidelity National Information Services (NYSE:FIS) in a research note issued on Tuesday. The firm set an “equal weight” rating and a $47.00 price target on the information technology services provider’s stock. Morgan Stanley’s price target would suggest a potential upside of 9.21% from the stock’s current price.

Several other equities research analysts have also issued reports on FIS. UBS Group lowered their price objective on Fidelity National Information Services from $73.00 to $63.00 and set a “buy” rating for the company in a research note on Monday, May 11th. BNP Paribas Exane cut their price objective on Fidelity National Information Services from $40.00 to $37.00 and set an “underperform” rating on the stock in a research report on Thursday, May 14th. Cantor Fitzgerald decreased their target price on Fidelity National Information Services from $62.00 to $55.00 and set an “overweight” rating for the company in a research report on Monday, May 11th. Oppenheimer lowered their target price on shares of Fidelity National Information Services from $69.00 to $62.00 in a research note on Friday, May 8th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on shares of Fidelity National Information Services from $55.00 to $50.00 in a research note on Monday, May 11th. Thirteen investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $60.68.

Fidelity National Information Services Stock Up 4.3%

Shares of Fidelity National Information Services stock traded up $1.77 during midday trading on Tuesday, hitting $43.04. The company had a trading volume of 649,265 shares, compared to its average volume of 5,944,643. The company has a 50 day moving average of $41.86 and a 200 day moving average of $49.99. The stock has a market capitalization of $22.25 billion, a P/E ratio of 8.34, a P/E/G ratio of 0.41 and a beta of 0.80. Fidelity National Information Services has a 52-week low of $37.42 and a 52-week high of $82.62. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.59 and a current ratio of 0.59.

Fidelity National Information Services (NYSE:FIS) last issued its earnings results on Friday, May 8th. The information technology services provider reported $1.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.08. Fidelity National Information Services had a net margin of 23.35% and a return on equity of 21.30%. The firm had revenue of $3.29 billion for the quarter, compared to the consensus estimate of $3.28 billion. During the same quarter in the prior year, the firm posted $1.21 earnings per share. The business’s revenue was up 30.1% on a year-over-year basis. Fidelity National Information Services has set its FY 2026 guidance at 6.220-6.320 EPS and its Q2 2026 guidance at 1.450-1.490 EPS. On average, equities analysts predict that Fidelity National Information Services will post 6.28 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Dodge & Cox increased its position in shares of Fidelity National Information Services by 22.2% during the third quarter. Dodge & Cox now owns 43,105,207 shares of the information technology services provider’s stock worth $2,842,357,000 after purchasing an additional 7,830,710 shares in the last quarter. Norges Bank acquired a new stake in shares of Fidelity National Information Services in the 4th quarter worth $495,956,000. Balyasny Asset Management L.P. grew its stake in Fidelity National Information Services by 585.9% during the 3rd quarter. Balyasny Asset Management L.P. now owns 2,365,322 shares of the information technology services provider’s stock worth $155,969,000 after buying an additional 2,852,118 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of Fidelity National Information Services by 228.7% during the first quarter. Arrowstreet Capital Limited Partnership now owns 3,015,663 shares of the information technology services provider’s stock valued at $141,465,000 after acquiring an additional 2,098,139 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new position in Fidelity National Information Services during the 1st quarter valued at approximately $82,962,000. 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.