Fidelity National Information Services' (FIS) Equal Weight Rating Reaffirmed at Wells Fargo & Company

Key Points

• Wells Fargo reaffirmed its Equal Weight rating on FIS but lowered its price target from $58 to $46, implying approximately 11% upside from the prior close.
• Analyst sentiment remains mixed, with 10 Buy, 11 Hold, and 2 Sell ratings; the consensus rating is Hold with an average price target of $54.87.
• FIS reported quarterly EPS of $1.48, slightly ahead of estimates, while revenue reached $3.38 billion—up 29.1% year over year. Institutional investors own 96.23% of the company’s shares.

Fidelity National Information Services (NYSE:FIS - Get Free Report)'s stock had its "equal weight" rating restated by analysts at Wells Fargo & Company in a research note issued to investors on Tuesday,Benzinga reports. They presently have a $46.00 price target on the information technology services provider's stock, down from their previous price target of $58.00. Wells Fargo & Company's price target indicates a potential upside of 11.05% from the company's previous close.

Several other research analysts have also commented on the stock. Keefe, Bruyette & Woods decreased 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 report on Wednesday, August 5th. Citigroup decreased their target price on shares of Fidelity National Information Services from $48.00 to $45.00 and set a "neutral" rating for the company in a research note on Wednesday, August 5th. Truist Financial lowered their price objective on Fidelity National Information Services from $45.00 to $43.00 and set a "hold" rating for the company in a research note on Friday, July 24th. Weiss Ratings cut shares of Fidelity National Information Services from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Tuesday, August 11th. Finally, Barclays decreased their price objective on shares of Fidelity National Information Services from $44.00 to $43.00 and set an "equal weight" rating for the company in a report on Wednesday, August 5th. Ten equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $54.87.

Fidelity National Information Services Price Performance

Shares of NYSE:FIS opened at $41.42 on Tuesday. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.96. The stock has a market cap of $21.41 billion, a PE ratio of 6.36, a PEG ratio of 0.42 and a beta of 0.77. The company's fifty day moving average is $41.47 and its 200 day moving average is $44.65. Fidelity National Information Services has a 52 week low of $37.42 and a 52 week high of $71.67.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last released its earnings results on Tuesday, August 4th. The information technology services provider reported $1.48 earnings per share 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 company had revenue of $3.38 billion during the quarter, compared to analyst estimates of $3.38 billion. During the same quarter in the previous year, the company posted $1.36 EPS. Fidelity National Information Services's revenue for the quarter 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. Research analysts anticipate that Fidelity National Information Services will post 6.19 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. BlackRock Inc. purchased a new position in Fidelity National Information Services during the second quarter worth $1,730,200,000. California State Teachers Retirement System grew its stake in Fidelity National Information Services by 3,634.9% in the 2nd 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 acquiring an additional 32,585,246 shares in the last quarter. Norges Bank purchased a new position in shares of Fidelity National Information Services during the fourth quarter worth approximately $495,956,000. Dodge & Cox raised its stake in shares of Fidelity National Information Services by 13.9% during the fourth quarter. Dodge & Cox now owns 49,113,297 shares of the information technology services provider's stock valued at $3,264,070,000 after acquiring an additional 6,008,090 shares in the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC bought a new position in Fidelity National Information Services in the second quarter worth approximately $219,162,000. 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.

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