Fidelity National Information Services (NYSE:FIS) Stock Gets Price Target Cut from Barclays

Fidelity National Information Services (NYSE:FIS) had its target price decreased by Barclays from $43.00 to $38.00 in a research note issued to investors on Friday morning,Benzinga reports. Barclays currently has an equal weight rating on the information technology services provider’s stock.

Other equities analysts have also recently issued reports about the stock. Cantor Fitzgerald cut their target price on shares of Fidelity National Information Services from $55.00 to $50.00 and set an “overweight” rating for the company in a research note on Monday, August 10th. TD Cowen decreased their price target on shares of Fidelity National Information Services from $58.00 to $53.00 and set a “buy” rating on the stock in a research report on Wednesday, August 26th. Morgan Stanley started coverage on shares of Fidelity National Information Services in a research report on Tuesday, July 7th. They issued an “equal weight” rating and a $47.00 price target on the stock. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Fidelity National Information Services from $45.00 to $40.00 and set a “hold” rating on the stock in a report on Tuesday, September 29th. Finally, Keefe, Bruyette & Woods cut their price objective on shares of Fidelity National Information Services from $60.00 to $56.00 and set an “outperform” rating for the company in a research report on Wednesday, August 5th. Ten equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $52.28.

Fidelity National Information Services Stock Performance

Shares of NYSE FIS opened at $34.09 on Friday. Fidelity National Information Services has a 12 month low of $32.10 and a 12 month high of $69.04. The company has a market cap of $17.62 billion, a P/E ratio of 5.24, a P/E/G ratio of 0.36 and a beta of 0.81. The business’s 50 day moving average is $38.80 and its two-hundred day moving average is $41.65. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.96.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings data on Tuesday, August 4th. The information technology services provider reported $1.48 earnings per share for the quarter, beating 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 company 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 business earned $1.36 earnings per share. Fidelity National Information Services’s revenue for the quarter was up 29.1% compared to the same quarter last year. 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. On average, equities analysts expect that Fidelity National Information Services will post 6.20 EPS for the current year.

Fidelity National Information Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Friday, September 11th were issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 5.2%. The ex-dividend date of this dividend was Friday, September 11th. Fidelity National Information Services’s dividend payout ratio (DPR) is presently 27.04%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. GAMMA Investing LLC grew its stake in shares of Fidelity National Information Services by 4.7% in the 3rd quarter. GAMMA Investing LLC now owns 7,772 shares of the information technology services provider’s stock valued at $256,000 after purchasing an additional 349 shares during the period. Investors Research Corp raised its holdings in shares of Fidelity National Information Services by 4.6% in the 3rd quarter. Investors Research Corp now owns 8,450 shares of the information technology services provider’s stock worth $278,000 after buying an additional 369 shares in the last quarter. Bank & Trust Co bought a new position in shares of Fidelity National Information Services during the 3rd quarter worth approximately $51,000. Benedict Financial Advisors Inc. lifted its position in shares of Fidelity National Information Services by 5.5% during the 3rd quarter. Benedict Financial Advisors Inc. now owns 67,669 shares of the information technology services provider’s stock worth $2,226,000 after buying an additional 3,538 shares during the period. Finally, QRG Capital Management Inc. lifted its position in shares of Fidelity National Information Services by 8.3% during the 2nd quarter. QRG Capital Management Inc. now owns 27,830 shares of the information technology services provider’s stock worth $1,082,000 after buying an additional 2,139 shares during the period. 96.23% of the stock is currently owned by institutional investors and hedge funds.

Fidelity National Information Services Company Profile

Fidelity National Information Services, Inc (NYSE:FIS) is a global financial technology company that provides software, payments, and transaction-processing solutions to financial institutions, businesses, and other organizations. Its offerings help clients manage banking operations, digital accounts, payments, risk, compliance, and customer relationships.

FIS provides core processing and digital banking platforms, payment processing and merchant solutions, fraud and security tools, and technology for lending, wealth management, and capital markets.