Fidelity National Information Services, Inc. (NYSE:FIS) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Fidelity National Information Services, Inc. (NYSE:FIS) have received a consensus recommendation of “Moderate Buy” from the twenty research firms that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating on the company. The average 12 month target price among brokers that have covered the stock in the last year is $85.4118.

A number of brokerages have weighed in on FIS. UBS Group raised their target price on shares of Fidelity National Information Services from $82.00 to $83.00 and gave the company a “buy” rating in a research report on Thursday, November 6th. Truist Financial reduced their price objective on Fidelity National Information Services from $72.00 to $70.00 and set a “hold” rating on the stock in a research report on Wednesday, November 19th. Jefferies Financial Group lowered their target price on Fidelity National Information Services from $75.00 to $70.00 and set a “hold” rating for the company in a report on Tuesday, October 14th. Royal Bank Of Canada cut their price target on Fidelity National Information Services from $93.00 to $86.00 and set an “outperform” rating on the stock in a research note on Thursday, November 6th. Finally, Keefe, Bruyette & Woods lowered their price objective on Fidelity National Information Services from $88.00 to $85.00 and set an “outperform” rating for the company in a research note on Wednesday, October 1st.

Insider Activity at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein acquired 889 shares of Fidelity National Information Services stock in a transaction that occurred on Wednesday, October 15th. The shares were bought at an average price of $67.66 per share, with a total value of $60,149.74. Following the completion of the purchase, the director directly owned 13,588 shares in the company, valued at $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 is available at the SEC website. Company insiders own 0.21% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of FIS. Meeder Asset Management Inc. increased its stake in shares of Fidelity National Information Services by 92.1% in the first quarter. Meeder Asset Management Inc. now owns 342 shares of the information technology services provider’s stock valued at $26,000 after buying an additional 164 shares during the period. NewSquare Capital LLC lifted its stake in shares of Fidelity National Information Services by 115.1% in the second quarter. NewSquare Capital LLC now owns 357 shares of the information technology services provider’s stock worth $29,000 after acquiring an additional 191 shares during the period. Raiffeisen Bank International AG bought a new stake in Fidelity National Information Services in the third quarter valued at approximately $29,000. LRI Investments LLC increased its position in Fidelity National Information Services by 613.1% during the 3rd quarter. LRI Investments LLC now owns 435 shares of the information technology services provider’s stock valued at $29,000 after purchasing an additional 374 shares during the period. Finally, Cary Street Partners Investment Advisory LLC increased its position in Fidelity National Information Services by 100.5% during the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 445 shares of the information technology services provider’s stock valued at $33,000 after purchasing an additional 223 shares during the period. 96.23% of the stock is owned by institutional investors and hedge funds.

Fidelity National Information Services Stock Performance

Fidelity National Information Services stock opened at $65.77 on Friday. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.63. The stock has a market cap of $34.06 billion, a PE ratio of 365.41 and a beta of 1.01. Fidelity National Information Services has a 12-month low of $59.51 and a 12-month high of $86.03. The business’s 50-day moving average price is $65.45 and its two-hundred day moving average price is $72.47.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly 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 for the quarter, compared to the consensus estimate of $2.65 billion. Fidelity National Information Services had a net margin of 1.09% and a return on equity of 18.73%. 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 EPS. Fidelity National Information Services has set its FY 2025 guidance at 5.740-5.780 EPS. As a group, analysts expect that Fidelity National Information Services will post 5.74 earnings per share for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 23rd. Shareholders of record on Tuesday, December 9th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.4%. The ex-dividend date is Tuesday, December 9th. Fidelity National Information Services’s dividend payout ratio is 592.59%.

About Fidelity National Information Services

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.