JPMorgan Chase & Co. Has Lowered Expectations for Fidelity National Information Services (NYSE:FIS) Stock Price

Fidelity National Information Services (NYSE:FIS) had its price target cut by equities researchers at JPMorgan Chase & Co. from $85.00 to $80.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the information technology services provider’s stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 23.79% from the company’s previous close.

Several other equities analysts have also recently issued reports on the company. Stephens decreased their price target on Fidelity National Information Services from $100.00 to $90.00 and set an “overweight” rating on the stock in a report on Thursday, October 16th. Susquehanna decreased their price target on Fidelity National Information Services from $81.00 to $77.00 and set a “neutral” rating on the stock in a report on Friday, September 12th. Weiss Ratings reiterated a “sell (d)” rating on shares of Fidelity National Information Services in a report on Wednesday, October 8th. UBS Group raised their price target on Fidelity National Information Services from $82.00 to $83.00 and gave the company a “buy” rating in a report on Thursday. Finally, KeyCorp reiterated a “hold” rating on shares of Fidelity National Information Services in a report on Wednesday, October 22nd. Twelve research 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. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $85.53.

Fidelity National Information Services Price Performance

Shares of NYSE:FIS traded down $0.13 during midday trading on Thursday, reaching $64.62. The company’s stock had a trading volume of 3,468,713 shares, compared to its average volume of 3,792,864. Fidelity National Information Services has a fifty-two week low of $59.51 and a fifty-two week high of $89.57. The company has a market capitalization of $33.76 billion, a P/E ratio of 359.04 and a beta of 1.01. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.59 and a quick ratio of 0.59. The business’s fifty day simple moving average is $66.52 and its 200-day simple moving average is $74.07.

Fidelity National Information Services (NYSE:FIS) last announced its earnings results on Wednesday, November 5th. The information technology services provider reported $1.51 earnings per share for the quarter, beating analysts’ consensus estimates of $1.48 by $0.03. The company had revenue of $2.72 billion during the quarter, compared to analyst estimates of $2.65 billion. Fidelity National Information Services had a return on equity of 18.73% and a net margin of 1.09%.The firm’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period last year, the company posted $1.40 earnings per share. Fidelity National Information Services has set its FY 2025 guidance at 5.740-5.780 EPS. As a group, equities research analysts expect that Fidelity National Information Services will post 5.74 EPS for the current fiscal year.

Insider Buying and Selling at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein acquired 889 shares of the business’s stock in a transaction dated Wednesday, October 15th. The shares were acquired at an average price of $67.66 per share, for a total transaction of $60,149.74. Following the acquisition, the director directly owned 13,588 shares of the company’s stock, valued at approximately $919,364.08. This trade represents a 7.00% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.21% of the stock is owned by company insiders.

Hedge Funds Weigh In On Fidelity National Information Services

Institutional investors have recently modified their holdings of the business. Cullen Investment Group LTD. raised its position in Fidelity National Information Services by 10.4% in the 2nd quarter. Cullen Investment Group LTD. now owns 58,464 shares of the information technology services provider’s stock valued at $4,760,000 after buying an additional 5,521 shares during the last quarter. Brown Advisory Inc. raised its position in Fidelity National Information Services by 16.7% in the 1st quarter. Brown Advisory Inc. now owns 329,325 shares of the information technology services provider’s stock valued at $24,594,000 after buying an additional 47,086 shares during the last quarter. Brighton Jones LLC acquired a new stake in Fidelity National Information Services in the 4th quarter valued at approximately $347,000. Truist Financial Corp raised its position in Fidelity National Information Services by 6.6% in the 2nd quarter. Truist Financial Corp now owns 74,869 shares of the information technology services provider’s stock valued at $6,095,000 after buying an additional 4,619 shares during the last quarter. Finally, Adage Capital Partners GP L.L.C. raised its position in Fidelity National Information Services by 22.5% in the 1st quarter. Adage Capital Partners GP L.L.C. now owns 448,378 shares of the information technology services provider’s stock valued at $33,485,000 after buying an additional 82,400 shares during the last quarter. Institutional investors own 96.23% of the company’s stock.

Fidelity National Information Services Company Profile

Fidelity National Information Services, Inc engages in the provision of financial services technology solutions for financial institutions, businesses, and developers worldwide. It operates through Banking Solutions, Capital Market Solutions, and Corporate and Other segments. The company provides core processing and ancillary applications; mobile and online banking; fraud, risk management, and compliance; card and retail payment; electronic funds transfer and network; wealth and retirement; and item processing and output solutions.