Fidelity National Information Services (NYSE:FIS) Sets New 12-Month Low on Analyst Downgrade

Fidelity National Information Services, Inc. (NYSE:FIS) reached a new 52-week low on Friday after BNP Paribas Exane lowered their price target on the stock from $40.00 to $37.00. BNP Paribas Exane currently has an underperform rating on the stock. Fidelity National Information Services traded as low as $41.59 and last traded at $41.46, with a volume of 3558366 shares traded. The stock had previously closed at $41.81.

FIS has been the topic of a number of other research reports. Weiss Ratings raised Fidelity National Information Services from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday. Royal Bank Of Canada lowered their price objective on Fidelity National Information Services from $69.00 to $57.00 and set an “outperform” rating on the stock in a research note on Friday, May 8th. Susquehanna lowered their price objective on 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. JPMorgan Chase & Co. lowered their price objective on Fidelity National Information Services from $80.00 to $65.00 and set an “overweight” rating on the stock in a research note on Thursday, February 12th. Finally, Wolfe Research lowered their price objective on Fidelity National Information Services from $90.00 to $70.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 25th. Thirteen investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Fidelity National Information Services presently has a consensus rating of “Moderate Buy” and an average price target of $61.57.

Insider Activity

In other news, CEO Stephanie Ferris acquired 19,846 shares of the business’s stock in a transaction that occurred on Thursday, March 5th. The shares were purchased at an average price of $50.39 per share, for a total transaction of $1,000,039.94. Following the acquisition, the chief executive officer owned 281,458 shares of the company’s stock, valued at $14,182,668.62. This represents a 7.59% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.28% of the company’s stock.

Institutional Investors Weigh In On Fidelity National Information Services

Several institutional investors and hedge funds have recently modified their holdings of FIS. Brighton Jones LLC purchased a new stake in shares of Fidelity National Information Services in the 4th quarter valued at $347,000. Geneos Wealth Management Inc. increased its holdings in Fidelity National Information Services by 70.1% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,046 shares of the information technology services provider’s stock worth $78,000 after purchasing an additional 431 shares during the period. Sivia Capital Partners LLC purchased a new stake in Fidelity National Information Services during the 2nd quarter worth about $302,000. Marshall Wace LLP purchased a new stake in Fidelity National Information Services during the 2nd quarter worth about $4,896,000. Finally, Cresset Asset Management LLC increased its holdings in Fidelity National Information Services by 20.5% during the 2nd quarter. Cresset Asset Management LLC now owns 5,290 shares of the information technology services provider’s stock worth $431,000 after purchasing an additional 901 shares during the period. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Fidelity National Information Services Trading Down 0.8%

The company has a fifty day simple moving average of $47.31 and a two-hundred day simple moving average of $56.16. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 1.05. The company has a market cap of $21.44 billion, a PE ratio of 8.03, a P/E/G ratio of 0.42 and a beta of 0.82.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings results on Friday, May 8th. The information technology services provider reported $1.36 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.08. Fidelity National Information Services had a return on equity of 21.30% and a net margin of 23.35%.The company had revenue of $3.30 billion for the quarter, compared to the consensus estimate of $3.28 billion. During the same quarter in the prior year, the business earned $1.21 EPS. Fidelity National Information Services’s revenue was up 30.1% on a year-over-year basis. Fidelity National Information Services has set its FY 2026 guidance at 6.220-6.320 EPS and its Q2 2026 guidance at 1.450-1.490 EPS. Analysts anticipate that Fidelity National Information Services, Inc. will post 6.27 EPS for the current year.

Fidelity National Information Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Thursday, June 11th will be issued a dividend of $0.44 per share. The ex-dividend date is Thursday, June 11th. This represents a $1.76 annualized dividend and a yield of 4.2%. Fidelity National Information Services’s dividend payout ratio is 34.11%.

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.