Fidelity National Information Services, Inc. (NYSE:FIS) Receives Consensus Recommendation of "Hold" from Analysts

Key Points

• Analysts maintain a consensus “Hold” rating on Fidelity National Information Services, with 11 buys, 10 holds and 2 sells among 23 analysts. The average 12-month price target is $55.39, above the stock’s reported $41.42 price.
• FIS slightly beat quarterly earnings expectations, reporting $1.48 in EPS versus the $1.47 consensus, while revenue reached $3.38 billion and increased 29.1% year over year.
• The company declared a quarterly dividend of $0.44 per share, equivalent to $1.76 annually and a 4.2% yield; institutional investors own 96.23% of the outstanding stock.

Fidelity National Information Services, Inc. (NYSE:FIS - Get Free Report) has received a consensus rating of "Hold" from the twenty-three analysts that are presently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and eleven have issued a buy rating on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $55.3913.

A number of analysts have recently issued reports on the company. Oppenheimer decreased their target price on Fidelity National Information Services from $69.00 to $62.00 in a report on Friday, May 8th. National Bank Financial set a $50.00 price target on shares of Fidelity National Information Services in a report on Monday, August 10th. BNP Paribas Exane reduced their price target on shares of Fidelity National Information Services from $40.00 to $37.00 and set an "underperform" rating on the stock in a research report on Thursday, May 14th. The Goldman Sachs Group decreased their price objective on shares of Fidelity National Information Services from $65.00 to $57.00 and set a "buy" rating for the company in a research note on Monday, May 11th. Finally, Barclays cut 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.

Fidelity National Information Services Trading Up 0.2%

FIS stock opened at $41.42 on Tuesday. The company has a market cap of $21.41 billion, a price-to-earnings ratio of 6.36, a PEG ratio of 0.42 and a beta of 0.77. 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 fifty day simple moving average of $41.47 and a 200-day simple moving average of $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 issued its earnings results on Tuesday, August 4th. The information technology services provider reported $1.48 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.01. The business had revenue of $3.38 billion for the quarter, compared to analyst estimates of $3.38 billion. Fidelity National Information Services had a return on equity of 20.95% and a net margin of 27.64%.The business's quarterly revenue was up 29.1% on a year-over-year basis. During the same period last year, the company posted $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 expect that Fidelity National Information Services will post 6.19 EPS for the current year.

Fidelity National Information Services Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 11th will be paid a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date is Friday, September 11th. Fidelity National Information Services's payout ratio is currently 27.04%.

Institutional Investors Weigh In On Fidelity National Information Services

A number of large investors have recently modified their holdings of the stock. BlackRock Inc. acquired a new position in Fidelity National Information Services in the second quarter valued at approximately $1,730,200,000. Norges Bank acquired a new position in Fidelity National Information Services during the 4th quarter valued at about $495,956,000. OP Asset Management Ltd bought a new position in Fidelity National Information Services in the 1st quarter worth about $2,509,000. South Dakota Investment Council grew its position in Fidelity National Information Services by 46.2% in the 1st quarter. South Dakota Investment Council now owns 228,021 shares of the information technology services provider's stock worth $10,696,000 after purchasing an additional 72,040 shares during the last quarter. Finally, Brighton Jones LLC acquired a new stake in shares of Fidelity National Information Services in the fourth quarter valued at approximately $347,000. Institutional investors and hedge funds own 96.23% of the company's stock.

About Fidelity National Information Services

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source