Cantor Fitzgerald Cuts Fidelity National Information Services (NYSE:FIS) Price Target to $50.00

Fidelity National Information Services (NYSE:FIS) had its price target cut by Cantor Fitzgerald from $55.00 to $50.00 in a research report sent to investors on Monday,Benzinga reports. They currently have an overweight rating on the information technology services provider’s stock.

A number of other equities analysts also recently issued reports on the stock. Weiss Ratings upgraded shares of Fidelity National Information Services from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, July 28th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Fidelity National Information Services from $55.00 to $50.00 in a research report on Monday, May 11th. Stephens dropped their target price on shares of Fidelity National Information Services from $85.00 to $65.00 and set an “overweight” rating for the company in a report on Friday, May 8th. Wells Fargo & Company reduced their price target on shares of Fidelity National Information Services from $67.00 to $58.00 and set an “overweight” rating for the company in a research report on Wednesday, August 5th. Finally, Oppenheimer decreased their price target on Fidelity National Information Services from $69.00 to $62.00 in a research note on Friday, May 8th. Eleven equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $55.39.

Fidelity National Information Services Stock Down 1.8%

Fidelity National Information Services stock opened at $41.99 on Monday. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.53 and a quick ratio of 0.53. Fidelity National Information Services has a 1-year low of $37.42 and a 1-year high of $72.91. The company has a market cap of $21.70 billion, a PE ratio of 6.45, a price-to-earnings-growth ratio of 0.42 and a beta of 0.77. The stock’s 50 day moving average price is $41.15 and its 200 day moving average price is $45.48.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings data on Tuesday, August 4th. The information technology services provider reported $1.48 earnings per share (EPS) 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 quarter in the prior year, the business posted $1.36 earnings per share. Fidelity National Information Services’s revenue 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, sell-side analysts predict that Fidelity National Information Services will post 6.19 EPS for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 11th will be issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 4.2%. The ex-dividend date is Friday, September 11th. Fidelity National Information Services’s dividend payout ratio (DPR) is 27.04%.

Institutional Trading of Fidelity National Information Services

Large investors have recently modified their holdings of the business. Brighton Jones LLC purchased a new stake in Fidelity National Information Services in the 4th quarter valued at approximately $347,000. Geneos Wealth Management Inc. raised its holdings in shares of Fidelity National Information Services by 70.1% in the first quarter. Geneos Wealth Management Inc. now owns 1,046 shares of the information technology services provider’s stock worth $78,000 after acquiring an additional 431 shares during the last quarter. Sivia Capital Partners LLC purchased a new stake in shares of Fidelity National Information Services in the second quarter valued at $302,000. Marshall Wace LLP acquired a new stake in shares of Fidelity National Information Services during the second quarter valued at $4,896,000. Finally, Cresset Asset Management LLC boosted its stake in shares of Fidelity National Information Services by 20.5% during the second quarter. Cresset Asset Management LLC now owns 5,290 shares of the information technology services provider’s stock valued at $431,000 after acquiring an additional 901 shares during the last quarter. 96.23% of the stock is currently owned by institutional investors and hedge funds.

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.