Fidelity National Information Services (NYSE:FIS) Now Covered by Analysts at Piper Sandler

Key Points

• Piper Sandler initiated coverage of FIS with a “neutral” rating and a $42 price target, implying approximately 9% upside from the prior close.
• Analyst sentiment remains mixed: FIS has an overall “Hold” consensus rating, with 10 Buy, 13 Hold, and one Sell recommendation; the consensus price target is $53.46.
• FIS recently exceeded quarterly earnings expectations by reporting $1.48 in EPS versus $1.47 expected, while revenue reached $3.38 billion and rose 29.1% year over year.

Piper Sandler initiated coverage on shares of Fidelity National Information Services (NYSE:FIS - Get Free Report) in a note issued to investors on Friday, Benzinga reports. The firm set a "neutral" rating and a $42.00 price target on the information technology services provider's stock. Piper Sandler's target price points to a potential upside of 9.04% from the stock's previous close.

FIS has been the subject of a number of other research reports. BNP Paribas Exane decreased their target price on Fidelity National Information Services from $40.00 to $37.00 and set an "underperform" rating for the company in a research report on Thursday, May 14th. Keefe, Bruyette & Woods cut their price target on Fidelity National Information Services from $60.00 to $56.00 and set an "outperform" rating for the company in a research note on Wednesday, August 5th. Stephens reiterated an "equal weight" rating and issued a $50.00 price target on shares of Fidelity National Information Services in a research note on Tuesday, August 11th. Cantor Fitzgerald decreased their target price 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. Finally, Weiss Ratings raised Fidelity National Information Services from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Tuesday, August 25th. Ten equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, Fidelity National Information Services presently has an average rating of "Hold" and a consensus price target of $53.46.

Fidelity National Information Services Price Performance

Shares of Fidelity National Information Services stock opened at $38.52 on Friday. The company's fifty day simple moving average is $41.93 and its two-hundred day simple moving average is $43.87. The firm has a market cap of $19.91 billion, a PE ratio of 5.92, a price-to-earnings-growth ratio of 0.40 and a beta of 0.79. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.96. Fidelity National Information Services has a 12-month low of $37.42 and a 12-month high of $69.14.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last posted its earnings results on Tuesday, August 4th. The information technology services provider reported $1.48 EPS for the quarter, topping the consensus estimate of $1.47 by $0.01. Fidelity National Information Services had a net margin of 27.64% and a return on equity of 20.95%. The firm had revenue of $3.38 billion during the quarter, compared to analysts' expectations of $3.38 billion. During the same period last year, the company posted $1.36 EPS. The company's quarterly revenue 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. As a group, equities analysts expect that Fidelity National Information Services will post 6.19 EPS for the current year.

Institutional Trading of Fidelity National Information Services

A number of institutional investors have recently modified their holdings of FIS. MBM Wealth Consultants LLC purchased a new stake in Fidelity National Information Services during the first quarter valued at approximately $33,000. Reflection Asset Management acquired a new position in shares of Fidelity National Information Services during the fourth quarter worth $34,000. Kemnay Advisory Services Inc. purchased a new position in Fidelity National Information Services during the 4th quarter worth $42,000. DV Equities LLC purchased a new stake in Fidelity National Information Services in the fourth quarter valued at about $48,000. Finally, Hantz Financial Services Inc. increased its holdings in shares of Fidelity National Information Services by 254.5% during the fourth quarter. Hantz Financial Services Inc. now owns 833 shares of the information technology services provider's stock valued at $55,000 after acquiring an additional 598 shares in the last quarter. 96.23% of the stock is currently owned by 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.

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