Fidelity National Information Services (NYSE:FIS) Upgraded to "Hold" at Piper Sandler

Key Points

• Piper Sandler upgraded Fidelity National Information Services to “Hold.” The broader analyst consensus is also “Hold,” with 10 Buy, 12 Hold, and 2 Sell ratings and an average price target of $53.46.
• FIS reported quarterly EPS of $1.48, narrowly beating estimates of $1.47, while revenue reached $3.38 billion and rose 29.1% year over year.
• The stock opened at $38.16, near its 12-month low of $37.42 and well below its 12-month high of $69.14; institutional investors own 96.23% of outstanding shares.

Fidelity National Information Services (NYSE:FIS - Get Free Report) was upgraded by investment analysts at Piper Sandler to a "hold" rating in a report issued on Thursday, Zacks reports.

Other equities analysts have also issued research reports about the stock. Morgan Stanley initiated coverage on shares of Fidelity National Information Services in a research report on Tuesday, July 7th. They set an "equal weight" rating and a $47.00 price target for the company. Barclays dropped their target price on shares of 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. Wells Fargo & Company reissued an "equal weight" rating and set a $46.00 target price (down from $58.00) on shares of Fidelity National Information Services in a research report on Tuesday, August 25th. Stephens reaffirmed an "equal weight" rating and issued a $50.00 price target on shares of Fidelity National Information Services in a report on Tuesday, August 11th. Finally, Wall Street Zen downgraded Fidelity National Information Services from a "buy" rating to a "hold" rating in a research note on Sunday, May 17th. Ten investment 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. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $53.46.

Fidelity National Information Services Stock Performance

FIS stock opened at $38.16 on Thursday. The firm has a market cap of $19.72 billion, a PE ratio of 5.86, a P/E/G 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. The business has a 50 day moving average of $41.86 and a 200-day moving average of $43.83. 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 issued its quarterly earnings results on Tuesday, August 4th. The information technology services provider reported $1.48 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 company had revenue of $3.38 billion during the quarter, compared to the consensus estimate of $3.38 billion. During the same period last year, the business posted $1.36 earnings per share. Fidelity National Information Services's 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. As a group, sell-side analysts expect that Fidelity National Information Services will post 6.19 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in FIS. MBM Wealth Consultants LLC purchased a new stake in shares of Fidelity National Information Services in the first quarter worth about $33,000. Reflection Asset Management bought a new position in shares of Fidelity National Information Services in the fourth quarter valued at approximately $34,000. Kemnay Advisory Services Inc. purchased a new position in Fidelity National Information Services during the fourth quarter valued at approximately $42,000. DV Equities LLC bought a new stake in Fidelity National Information Services during the 4th quarter worth approximately $48,000. Finally, Hantz Financial Services Inc. increased its holdings in Fidelity National Information Services by 254.5% during the 4th quarter. Hantz Financial Services Inc. now owns 833 shares of the information technology services provider's stock worth $55,000 after acquiring an additional 598 shares during the period. Institutional investors own 96.23% of the company's stock.

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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