UBS Group Cuts Fidelity National Information Services (NYSE:FIS) Price Target to $63.00

Fidelity National Information Services (NYSE:FIS) had its price objective lowered by UBS Group from $73.00 to $63.00 in a report issued on Monday morning, MarketBeat reports. The firm currently has a buy rating on the information technology services provider’s stock.

Other research analysts have also issued research reports about the company. Oppenheimer dropped their target price on Fidelity National Information Services from $69.00 to $62.00 in a report on Friday, May 8th. Wells Fargo & Company dropped their target price on Fidelity National Information Services from $81.00 to $67.00 and set an “overweight” rating on the stock in a report on Wednesday, February 25th. Wall Street Zen upgraded Fidelity National Information Services from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. The Goldman Sachs Group dropped their target price on Fidelity National Information Services from $70.00 to $65.00 and set a “buy” rating on the stock in a report on Monday, April 13th. Finally, Wolfe Research dropped their target price on Fidelity National Information Services from $90.00 to $70.00 and set an “outperform” rating on the stock in a report on Wednesday, February 25th. Thirteen research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $61.71.

Fidelity National Information Services Stock Down 0.9%

Shares of NYSE:FIS opened at $42.61 on Monday. The business’s 50 day simple moving average is $47.47 and its two-hundred day simple moving average is $56.34. The firm has a market cap of $22.02 billion, a P/E ratio of 8.26, a PEG ratio of 0.42 and a beta of 0.82. 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 has a 52-week low of $41.63 and a 52-week high of $82.74.

Fidelity National Information Services (NYSE:FIS) last posted its earnings results on Friday, May 8th. The information technology services provider reported $1.36 earnings per share for the quarter, beating analysts’ consensus estimates of $1.28 by $0.08. Fidelity National Information Services had a return on equity of 21.30% and a net margin of 23.35%.The company had revenue of $3.30 billion for the quarter, compared to analyst estimates of $3.28 billion. During the same quarter last year, the company earned $1.21 earnings per share. The company’s revenue for the quarter 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. As a group, research analysts forecast that Fidelity National Information Services will post 6.28 EPS for the current fiscal year.

Fidelity National Information Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Thursday, June 11th will be issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date is Thursday, June 11th. Fidelity National Information Services’s dividend payout ratio (DPR) is 34.11%.

Insider Transactions at Fidelity National Information Services

In other news, CEO Stephanie Ferris bought 19,846 shares of the firm’s stock in a transaction on Thursday, March 5th. The stock was acquired at an average cost of $50.39 per share, with a total value of $1,000,039.94. Following the completion of the transaction, the chief executive officer directly owned 281,458 shares of the company’s stock, valued at $14,182,668.62. This represents a 7.59% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.28% of the stock is owned by corporate insiders.

Institutional Trading of Fidelity National Information Services

A number of large investors have recently bought and sold shares of the company. Pinnacle Bancorp Inc. increased its position in Fidelity National Information Services by 21.9% in 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 during the last quarter. BOKF NA increased its position in 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 worth $1,848,000 after buying an additional 159 shares during the last quarter. Fiduciary Trust Co grew its position 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 valued at $228,000 after purchasing an additional 161 shares in the last quarter. FJ Capital Management LLC grew its position in shares of Fidelity National Information Services by 4.7% in the second quarter. FJ Capital Management LLC now owns 3,600 shares of the information technology services provider’s stock valued at $293,000 after purchasing an additional 163 shares in the last quarter. Finally, Gratus Wealth Advisors LLC grew its position in shares of Fidelity National Information Services by 1.4% in the third quarter. Gratus Wealth Advisors LLC now owns 12,389 shares of the information technology services provider’s stock valued at $817,000 after purchasing an additional 170 shares in the last quarter. 96.23% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Fidelity National Information Services

Here are the key news stories impacting Fidelity National Information Services this week:

• Positive Sentiment: FIS will present at the J.P. Morgan 54th Annual Global Technology, Media and Communications Conference on May 19, which could help management reinforce the company’s outlook and keep investors engaged. FIS to Present at Upcoming Conference
• Neutral Sentiment: Cantor Fitzgerald initiated a new $55 price target on FIS, implying upside from current levels but offering no major change in the overall thesis. Fidelity National Information Services Given New $55.00 Price Target at Cantor Fitzgerald
• Neutral Sentiment: Deutsche Bank cut its price target on FIS from $55 to $50, reflecting a more cautious view, though it still sees some upside versus the recent trading level. Fidelity
• Negative Sentiment: TD Cowen lowered its price target on FIS from $78 to $62, a meaningful reduction that likely weighed on shares despite the firm maintaining a buy rating. Fidelity
• Negative Sentiment: A separate report said TD Cowen also lowered its FIS target to $62, reinforcing the view that analysts are becoming less optimistic on the stock’s near-term valuation. Fidelity National Information Services (NYSE:FIS) Price Target Lowered to $62.00 at TD Cowen

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.