Fidelity National Information Services (NYSE:FIS) Given New $40.00 Price Target at Deutsche Bank Aktiengesellschaft

Key Points

• Deutsche Bank lowered FIS’s price target from $45 to $40 while maintaining a “hold” rating, implying approximately 18.3% upside from the prior close. The broader analyst consensus is also “Hold,” with an average target of $52.72.
• FIS shares fell 1.4% to $33.82, near their 52-week low of $33.67. The company narrowly beat quarterly EPS estimates at $1.48 versus $1.47, while revenue reached $3.38 billion, up 29.1% year over year.
• Institutional investors and hedge funds increased their positions during the second quarter, and they collectively own 96.23% of FIS’s outstanding shares.

Fidelity National Information Services (NYSE:FIS - Get Free Report) had its target price reduced by investment analysts at Deutsche Bank Aktiengesellschaft from $45.00 to $40.00 in a report issued on Tuesday, Benzinga reports. The brokerage currently has a "hold" rating on the information technology services provider's stock. Deutsche Bank Aktiengesellschaft's price target would indicate a potential upside of 18.29% from the stock's previous close.

A number of other research firms also recently weighed in on FIS. Barclays cut their price target on Fidelity National Information Services from $44.00 to $43.00 and set an "equal weight" rating on the stock in a research note on Wednesday, August 5th. Truist Financial decreased 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. Stephens reissued an "equal weight" rating and issued a $50.00 target price on shares of Fidelity National Information Services in a research note on Tuesday, August 11th. TD Cowen reduced their target price on Fidelity National Information Services from $58.00 to $53.00 and set a "buy" rating on the stock in a report on Wednesday, August 26th. Finally, Robert W. Baird decreased their target price on Fidelity National Information Services from $48.00 to $45.00 and set a "neutral" rating for the company in a research report on Friday. Ten analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $52.72.

Fidelity National Information Services Trading Down 1.4%

NYSE:FIS traded down $0.49 on Tuesday, hitting $33.82. 1,290,563 shares of the stock were exchanged, compared to its average volume of 6,003,444. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.53 and a current ratio of 0.53. Fidelity National Information Services has a 52 week low of $33.67 and a 52 week high of $69.14. The stock has a market capitalization of $17.48 billion, a price-to-earnings ratio of 5.21, a P/E/G ratio of 0.37 and a beta of 0.79. The company's 50-day moving average price is $40.57 and its 200 day moving average price is $42.69.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last issued its earnings results on Tuesday, August 4th. The information technology services provider reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.01. The company had revenue of $3.38 billion for the quarter, compared to analyst estimates of $3.38 billion. Fidelity National Information Services had a net margin of 27.64% and a return on equity of 20.95%. The company's revenue for the quarter was up 29.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.36 EPS. 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 research analysts forecast that Fidelity National Information Services will post 6.2 earnings per share for the current year.

Hedge Funds Weigh In On Fidelity National Information Services

Institutional investors and hedge funds have recently modified their holdings of the business. QRG Capital Management Inc. raised its holdings in Fidelity National Information Services by 8.3% during the 2nd quarter. QRG Capital Management Inc. now owns 27,830 shares of the information technology services provider's stock worth $1,082,000 after buying an additional 2,139 shares during the period. Andra AP fonden boosted its holdings in shares of Fidelity National Information Services by 668.1% in the second quarter. Andra AP fonden now owns 226,600 shares of the information technology services provider's stock valued at $8,810,000 after buying an additional 197,100 shares during the period. Sequoia Financial Advisors LLC increased its position in shares of Fidelity National Information Services by 13.5% during the second quarter. Sequoia Financial Advisors LLC now owns 29,240 shares of the information technology services provider's stock worth $1,137,000 after acquiring an additional 3,484 shares in the last quarter. Tidal Investments LLC increased its position in shares of Fidelity National Information Services by 13.9% during the second quarter. Tidal Investments LLC now owns 153,767 shares of the information technology services provider's stock worth $5,978,000 after acquiring an additional 18,710 shares in the last quarter. Finally, Cidel Asset Management Inc. raised its holdings in shares of Fidelity National Information Services by 32.8% during the second quarter. Cidel Asset Management Inc. now owns 8,170 shares of the information technology services provider's stock worth $318,000 after acquiring an additional 2,018 shares during the period. 96.23% of the stock is currently owned by institutional investors and hedge funds.

Fidelity National Information Services Company Profile

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.

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