Truist Financial Cuts Fidelity National Information Services (NYSE:FIS) Price Target to $57.00

Fidelity National Information Services (NYSE:FIS) had its price objective decreased by Truist Financial from $69.00 to $57.00 in a research note published on Tuesday morning,Benzinga reports. Truist Financial currently has a hold rating on the information technology services provider’s stock.

Several other equities research analysts have also recently commented on FIS. Wells Fargo & Company dropped their price target on shares of Fidelity National Information Services from $81.00 to $67.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 25th. Susquehanna lowered their price objective on shares of Fidelity National Information Services from $69.00 to $55.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 25th. Royal Bank Of Canada cut their target price on shares of Fidelity National Information Services from $86.00 to $69.00 and set an “outperform” rating for the company in a research note on Tuesday, February 24th. Raymond James Financial reduced their target price on shares of Fidelity National Information Services from $82.00 to $60.00 and set an “outperform” rating for the company in a report on Wednesday, February 25th. Finally, JPMorgan Chase & Co. dropped their price target on Fidelity National Information Services from $80.00 to $65.00 and set an “overweight” rating on the stock in a report on Thursday, February 12th. Thirteen analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $69.85.

Fidelity National Information Services Stock Performance

FIS opened at $50.53 on Tuesday. The business has a 50 day moving average price of $56.76 and a two-hundred day moving average price of $63.11. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.59 and a quick ratio of 0.59. The company has a market capitalization of $25.99 billion, a price-to-earnings ratio of 69.22, a price-to-earnings-growth ratio of 0.49 and a beta of 0.90. Fidelity National Information Services has a 1-year low of $46.16 and a 1-year high of $82.74.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings results on Tuesday, February 24th. The information technology services provider reported $1.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.69 by ($0.01). The firm had revenue of $2.81 billion for the quarter, compared to analyst estimates of $2.74 billion. Fidelity National Information Services had a net margin of 3.58% and a return on equity of 21.21%. The firm’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.40 earnings per share. Fidelity National Information Services has set its Q1 2026 guidance at 1.260-1.300 EPS and its FY 2026 guidance at 6.220-6.320 EPS. Research analysts predict that Fidelity National Information Services will post 5.74 EPS for the current fiscal year.

Fidelity National Information Services Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 24th. Stockholders of record on Tuesday, March 10th will be issued a dividend of $0.44 per share. This is an increase from Fidelity National Information Services’s previous quarterly dividend of $0.40. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date is Tuesday, March 10th. Fidelity National Information Services’s dividend payout ratio (DPR) is presently 219.18%.

Insider Activity at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein bought 941 shares of the business’s stock in a transaction on Thursday, January 15th. The shares were bought at an average cost of $64.11 per share, with a total value of $60,327.51. Following the purchase, the director directly owned 14,529 shares in the company, valued at $931,454.19. This trade represents a 6.93% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.21% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Dodge & Cox increased its holdings in shares of Fidelity National Information Services by 22.2% in the 3rd quarter. Dodge & Cox now owns 43,105,207 shares of the information technology services provider’s stock valued at $2,842,357,000 after purchasing an additional 7,830,710 shares during the period. Norges Bank purchased a new position in Fidelity National Information Services during the second quarter valued at approximately $624,858,000. Balyasny Asset Management L.P. increased its stake in Fidelity National Information Services by 585.9% in the 3rd quarter. Balyasny Asset Management L.P. now owns 2,365,322 shares of the information technology services provider’s stock valued at $155,969,000 after buying an additional 2,852,118 shares during the period. Pinebridge Investments LLC acquired a new stake in shares of Fidelity National Information Services during the 4th quarter valued at $114,799,000. Finally, TOMS Capital Investment Management LP purchased a new position in shares of Fidelity National Information Services during the 4th quarter valued at $110,589,000. 96.23% of the stock is owned by institutional investors and hedge funds.

Fidelity National Information Services Company Profile

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.