Fidelity National Information Services (NYSE:FIS) Given New $54.00 Price Target at Wolfe Research

Fidelity National Information Services (NYSE:FIS) had its target price raised by investment analysts at Wolfe Research from $53.00 to $54.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has an “outperform” rating on the information technology services provider’s stock. Wolfe Research’s target price would indicate a potential upside of 33.18% from the stock’s previous close.

Several other equities research analysts have also recently issued reports on FIS. Keefe, Bruyette & Woods cut their price objective on shares of Fidelity National Information Services from $60.00 to $56.00 and set an “outperform” rating for the company in a research report on Wednesday, August 5th. Cantor Fitzgerald reduced their price target on shares of Fidelity National Information Services from $55.00 to $50.00 and set an “overweight” rating on the stock in a research report on Monday, August 10th. Wall Street Zen lowered Fidelity National Information Services from a “buy” rating to a “hold” rating in a research report on Sunday, May 17th. Deutsche Bank Aktiengesellschaft decreased their price target on Fidelity National Information Services from $55.00 to $50.00 in a research note on Monday, May 11th. Finally, TD Cowen reduced their price objective on shares of Fidelity National Information Services from $62.00 to $58.00 and set a “buy” rating on the stock in a report on Wednesday, August 5th. Ten investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $54.17.

Fidelity National Information Services Price Performance

Shares of FIS stock traded down $0.85 during trading hours on Tuesday, reaching $40.55. The company had a trading volume of 825,474 shares, compared to its average volume of 5,973,557. Fidelity National Information Services has a 12-month low of $37.42 and a 12-month high of $71.57. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.53 and a current ratio of 0.53. The company has a market capitalization of $20.96 billion, a price-to-earnings ratio of 6.25, a PEG ratio of 0.42 and a beta of 0.77. The stock has a fifty day moving average of $41.47 and a 200-day moving average of $44.65.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings data on Tuesday, August 4th. The information technology services provider reported $1.48 earnings per share for the quarter, topping analysts’ consensus estimates of $1.47 by $0.01. Fidelity National Information Services had a return on equity of 20.95% and a net margin of 27.64%.The company had revenue of $3.38 billion for the quarter, compared to analyst estimates of $3.38 billion. During the same quarter in the previous year, the company posted $1.36 earnings per share. The firm’s revenue for the quarter was up 29.1% compared to the same quarter last year. Fidelity National Information Services has set its FY 2026 guidance at 6.150-6.240 EPS and its Q3 2026 guidance at 1.580-1.620 EPS. On average, equities analysts anticipate that Fidelity National Information Services will post 6.19 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Dodge & Cox boosted its position in shares of Fidelity National Information Services by 13.9% in the 4th quarter. Dodge & Cox now owns 49,113,297 shares of the information technology services provider’s stock valued at $3,264,070,000 after purchasing an additional 6,008,090 shares during the period. BlackRock Inc. acquired a new stake in shares of Fidelity National Information Services during the second quarter worth about $1,730,200,000. California State Teachers Retirement System grew its holdings in shares of Fidelity National Information Services by 3,634.9% during the second quarter. California State Teachers Retirement System now owns 33,481,706 shares of the information technology services provider’s stock worth $1,301,769,000 after buying an additional 32,585,246 shares during the last quarter. Capital Research Global Investors grew its holdings in shares of Fidelity National Information Services by 0.6% during the fourth quarter. Capital Research Global Investors now owns 28,129,710 shares of the information technology services provider’s stock worth $1,869,507,000 after buying an additional 172,356 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in Fidelity National Information Services by 4.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 11,196,718 shares of the information technology services provider’s stock valued at $744,134,000 after acquiring an additional 514,490 shares during the period. Hedge funds and other institutional investors own 96.23% of the company’s stock.

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.