Fidelity National Information Services (NYSE:FIS) Research Coverage Started at Piper Sandler

Piper Sandler initiated coverage on shares of Fidelity National Information Services (NYSE:FIS) in a report released on Friday morning, MarketBeat.com reports. The firm issued a neutral rating and a $42.00 price objective on the information technology services provider’s stock.

Other equities research analysts have also recently issued reports about the stock. Wall Street Zen cut shares of Fidelity National Information Services from a “buy” rating to a “hold” rating in a research report on Sunday, May 17th. National Bank Financial set a $50.00 price objective on shares of Fidelity National Information Services in a research report on Monday, August 10th. Weiss Ratings upgraded shares of Fidelity National Information Services from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, August 25th. Stephens reissued an “equal weight” rating and set a $50.00 target price on shares of Fidelity National Information Services in a research note on Tuesday, August 11th. Finally, BNP Paribas Exane reduced their target price on shares of Fidelity National Information Services from $40.00 to $37.00 and set an “underperform” rating for the company in a report on Thursday, May 14th. Ten research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $53.46.

Fidelity National Information Services Price Performance

Shares of NYSE:FIS opened at $38.16 on Friday. The stock has a market cap of $19.72 billion, a price-to-earnings ratio of 5.86, a PEG ratio of 0.40 and a beta of 0.79. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.53 and a quick ratio of 0.53. Fidelity National Information Services has a 12 month low of $37.42 and a 12 month high of $69.14. The stock’s 50 day moving average price is $41.86 and its 200 day moving average price is $43.81.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings results on Tuesday, August 4th. The information technology services provider reported $1.48 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $3.38 billion during the quarter, compared to analyst estimates of $3.38 billion. During the same period last year, the company posted $1.36 EPS. The firm’s quarterly revenue was up 29.1% on a year-over-year basis. 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. Equities research analysts anticipate that Fidelity National Information Services will post 6.19 earnings per share for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 11th will be paid a $0.44 dividend. The ex-dividend date of this dividend is Friday, September 11th. This represents a $1.76 dividend on an annualized basis and a yield of 4.6%. Fidelity National Information Services’s dividend payout ratio (DPR) is currently 27.04%.

Institutional Trading of Fidelity National Information Services

Hedge funds have recently bought and sold shares of the company. BOKF NA lifted its stake in Fidelity National Information Services by 0.6% in the third quarter. BOKF NA now owns 28,031 shares of the information technology services provider’s stock valued at $1,848,000 after buying an additional 159 shares during the period. Fiduciary Trust Co boosted its holdings in Fidelity National Information Services by 4.9% during the third quarter. Fiduciary Trust Co now owns 3,465 shares of the information technology services provider’s stock worth $228,000 after buying an additional 161 shares during the last quarter. FJ Capital Management LLC grew its position in shares of Fidelity National Information Services by 4.7% during the 2nd quarter. FJ Capital Management LLC now owns 3,600 shares of the information technology services provider’s stock worth $293,000 after buying an additional 163 shares during the period. Pinnacle Financial Partners Inc. grew its position in shares of Fidelity National Information Services by 6.4% during the 3rd quarter. Pinnacle Financial Partners Inc. now owns 3,732 shares of the information technology services provider’s stock worth $246,000 after buying an additional 223 shares during the period. Finally, Rexford Capital Inc. raised its position in shares of Fidelity National Information Services by 16.1% in the 1st quarter. Rexford Capital Inc. now owns 1,656 shares of the information technology services provider’s stock valued at $78,000 after acquiring an additional 230 shares during the period. 96.23% of the stock is owned by hedge funds and other institutional investors.

About Fidelity National Information Services

Fidelity National Information Services, Inc (NYSE:FIS) is a global financial technology company that provides software, services and technology solutions to banks, credit unions, wealth management firms, capital markets institutions and other financial organizations. Its offerings support core banking, digital banking, payments processing, fraud prevention, risk management, compliance, data analytics and customer engagement.

FIS provides platforms for account processing, transaction processing, lending, treasury management, card and payment operations, and investment management.