Fidelity National Information Services’ (FIS) “Hold” Rating Reiterated at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft reissued their hold rating on shares of Fidelity National Information Services (NYSE:FIS) in a research note released on Thursday,Benzinga reports. Deutsche Bank Aktiengesellschaft currently has a $70.00 price target on the information technology services provider’s stock.

Several other equities research analysts have also commented on FIS. Stephens cut their price objective on Fidelity National Information Services from $100.00 to $90.00 and set an “overweight” rating for the company in a research note on Thursday, October 16th. Keefe, Bruyette & Woods decreased their price objective on Fidelity National Information Services from $88.00 to $85.00 and set an “outperform” rating on the stock in a report on Wednesday, October 1st. Wells Fargo & Company initiated coverage on shares of Fidelity National Information Services in a research note on Wednesday, October 22nd. They set an “overweight” rating and a $81.00 target price on the stock. Weiss Ratings reiterated a “sell (d)” rating on shares of Fidelity National Information Services in a research report on Wednesday, October 8th. Finally, Jefferies Financial Group lowered their price target on shares of Fidelity National Information Services from $75.00 to $70.00 and set a “hold” rating on the stock in a research report on Tuesday, October 14th. Eleven analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Fidelity National Information Services presently has an average rating of “Moderate Buy” and a consensus price target of $81.41.

Fidelity National Information Services Stock Performance

NYSE FIS opened at $63.38 on Thursday. The stock has a market capitalization of $32.82 billion, a price-to-earnings ratio of 234.74 and a beta of 0.93. Fidelity National Information Services has a twelve month low of $59.51 and a twelve month high of $83.97. The stock has a 50-day moving average of $65.78 and a 200 day moving average of $69.06. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.64.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings data on Wednesday, November 5th. The information technology services provider reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.48 by $0.03. Fidelity National Information Services had a net margin of 1.45% and a return on equity of 19.76%. The business had revenue of $2.72 billion for the quarter, compared to the consensus estimate of $2.65 billion. During the same period last year, the firm posted $1.40 earnings per share. The company’s revenue was up 5.7% compared to the same quarter last year. Fidelity National Information Services has set its FY 2025 guidance at 5.740-5.780 EPS. Sell-side analysts anticipate that Fidelity National Information Services will post 5.74 EPS for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 23rd. Shareholders of record on Tuesday, December 9th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Tuesday, December 9th. This represents a $1.60 dividend on an annualized basis and a yield of 2.5%. Fidelity National Information Services’s payout ratio is 592.59%.

Institutional Trading of Fidelity National Information Services

Institutional investors have recently made changes to their positions in the company. Brighton Jones LLC purchased a new position in shares of Fidelity National Information Services during the 4th quarter worth $347,000. Geneos Wealth Management Inc. raised its holdings in Fidelity National Information Services by 70.1% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,046 shares of the information technology services provider’s stock valued at $78,000 after buying an additional 431 shares during the period. MassMutual Private Wealth & Trust FSB lifted its position in Fidelity National Information Services by 9.6% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 2,206 shares of the information technology services provider’s stock valued at $180,000 after buying an additional 193 shares during the last quarter. Czech National Bank boosted its stake in Fidelity National Information Services by 5.6% during the second quarter. Czech National Bank now owns 128,425 shares of the information technology services provider’s stock worth $10,455,000 after buying an additional 6,763 shares during the period. Finally, Aaron Wealth Advisors LLC acquired a new stake in shares of Fidelity National Information Services during the second quarter valued at about $206,000. Hedge funds and other 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.