Fidelity National Information Services' (FIS) "Equal Weight" Rating Reaffirmed at Stephens

Key Points

• Stephens reaffirmed its “Equal Weight” rating on Fidelity National Information Services and maintained a $50 price target, implying roughly 17.9% upside from the stock’s $42.40 opening price.
• Analyst sentiment remains mixed, with 11 Buy, 11 Hold and one Sell rating; the consensus rating is “Hold” with an average price target of $55.39.
• FIS slightly exceeded quarterly earnings expectations, reporting $1.48 in EPS versus $1.47 expected, while revenue reached $3.38 billion and rose 29.1% year over year. Institutional investors own approximately 96.2% of the company.

Fidelity National Information Services (NYSE:FIS - Get Free Report)'s stock had its "equal weight" rating reiterated by equities researchers at Stephens in a research note issued to investors on Tuesday,Benzinga reports. They presently have a $50.00 target price on the information technology services provider's stock. Stephens' price target suggests a potential upside of 17.92% from the stock's current price.

A number of other equities research analysts have also recently issued reports on the stock. Wall Street Zen cut shares of Fidelity National Information Services from a "buy" rating to a "hold" rating in a research report on Sunday, May 17th. Morgan Stanley assumed coverage on shares of Fidelity National Information Services in a report on Tuesday, July 7th. They issued an "equal weight" rating and a $47.00 price objective for the company. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Fidelity National Information Services from $55.00 to $50.00 in a research report on Monday, May 11th. TD Cowen dropped their price target on shares of Fidelity National Information Services from $62.00 to $58.00 and set a "buy" rating for the company in a research report on Wednesday, August 5th. Finally, Barclays reduced 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 report on Wednesday, August 5th. Eleven research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $55.39.

Fidelity National Information Services Stock Down 0.3%

Shares of FIS stock opened at $42.40 on Tuesday. Fidelity National Information Services has a 52-week low of $37.42 and a 52-week high of $72.91. The stock has a market cap of $21.92 billion, a price-to-earnings ratio of 6.52, a PEG ratio of 0.42 and a beta of 0.77. The firm's 50-day moving average is $41.12 and its 200-day moving average is $45.74. 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 (NYSE:FIS - Get Free Report) last announced its earnings results on Tuesday, August 4th. The information technology services provider reported $1.48 earnings per share for the quarter, topping analysts' consensus estimates 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 return on equity of 20.95% and a net margin of 27.64%.The firm's quarterly revenue was up 29.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.36 earnings per share. 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. Sell-side analysts predict that Fidelity National Information Services will post 6.19 EPS for the current year.

Institutional Trading of Fidelity National Information Services

Institutional investors and hedge funds have recently bought and sold shares of the stock. Value Holdings Management CO. LLC bought a new stake in shares of Fidelity National Information Services in the 2nd quarter valued at about $7,635,000. Vise Technologies Inc. bought a new stake in Fidelity National Information Services in the second quarter valued at $446,000. Algebris UK Ltd. acquired a new position in shares of Fidelity National Information Services during the second quarter valued at about $41,370,000. Johnson Financial Group Inc. bought a new position in shares of Fidelity National Information Services during the 2nd quarter worth about $314,000. Finally, Tocqueville Asset Management L.P. acquired a new stake in shares of Fidelity National Information Services in the 2nd quarter valued at about $875,000. 96.23% of the stock is currently owned by institutional investors and hedge funds.

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.

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