Fidelity National Information Services (NYSE:FIS) Now Covered by Citigroup

Key Points

• Citigroup has initiated coverage of Fidelity National Information Services with a "neutral" rating and a price target of $73.00, suggesting a potential upside of 7.62% from the company's recent close.
• Fidelity National Information Services achieved an EPS of $1.36 in its latest quarterly earnings, matching analyst expectations and reflecting a 5.1% revenue increase year-over-year.
• Analyst consensus on Fidelity National Information Services shows a "Moderate Buy" rating among 13 Buy ratings, 7 Hold ratings, and 2 Sell ratings.

Equities researchers at Citigroup began coverage on shares of Fidelity National Information Services (NYSE:FIS - Get Free Report) in a research report issued on Wednesday,Benzinga reports. The firm set a "neutral" rating and a $73.00 price target on the information technology services provider's stock. Citigroup's price target indicates a potential upside of 7.62% from the company's previous close.

Several other equities research analysts also recently weighed in on the stock. Jefferies Financial Group cut their target price on shares of Fidelity National Information Services from $75.00 to $70.00 and set a "hold" rating on the stock in a research note on Tuesday, October 14th. Wells Fargo & Company started coverage on shares of Fidelity National Information Services in a report on Wednesday. They set an "overweight" rating and a $81.00 target price on the stock. Susquehanna reduced their target price on shares of Fidelity National Information Services from $81.00 to $77.00 and set a "neutral" rating on the stock in a report on Friday, September 12th. KeyCorp reiterated a "sector weight" rating on shares of Fidelity National Information Services in a report on Wednesday. Finally, Keefe, Bruyette & Woods reduced their target price on shares of Fidelity National Information Services from $88.00 to $85.00 and set an "outperform" rating on the stock in a report on Wednesday, October 1st. Thirteen analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat, Fidelity National Information Services currently has an average rating of "Moderate Buy" and an average target price of $88.67.

Fidelity National Information Services Trading Up 0.2%

Shares of FIS stock traded up $0.13 during trading hours on Wednesday, hitting $67.83. The company had a trading volume of 3,781,652 shares, compared to its average volume of 3,705,758. The company's fifty day moving average is $67.80 and its 200 day moving average is $74.52. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.59 and a quick ratio of 0.59. Fidelity National Information Services has a fifty-two week low of $63.00 and a fifty-two week high of $91.98. The stock has a market capitalization of $35.43 billion, a PE ratio of 376.85 and a beta of 1.05.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The information technology services provider reported $1.36 EPS for the quarter, hitting the consensus estimate of $1.36. Fidelity National Information Services had a net margin of 1.09% and a return on equity of 18.73%. The firm had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.57 billion. During the same period in the prior year, the business posted $1.36 EPS. The business's revenue for the quarter was up 5.1% compared to the same quarter last year. Fidelity National Information Services has set its Q3 2025 guidance at 1.460-1.500 EPS. FY 2025 guidance at 5.720-5.800 EPS. Research analysts expect that Fidelity National Information Services will post 5.74 earnings per share for the current fiscal year.

Insider Activity at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein acquired 889 shares of the company's stock in a transaction on Wednesday, October 15th. The shares were bought at an average cost of $67.66 per share, with a total value of $60,149.74. Following the transaction, the director owned 13,588 shares in the company, valued at approximately $919,364.08. This trade represents a 7.00% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.21% of the company's stock.

Institutional Investors Weigh In On Fidelity National Information Services

A number of large investors have recently modified their holdings of the company. Monetary Management Group Inc. increased its position in shares of Fidelity National Information Services by 2.8% in the 1st quarter. Monetary Management Group Inc. now owns 4,960 shares of the information technology services provider's stock valued at $370,000 after purchasing an additional 135 shares during the last quarter. Phoenix Wealth Advisors grew its position in shares of Fidelity National Information Services by 0.4% in the 1st quarter. Phoenix Wealth Advisors now owns 30,861 shares of the information technology services provider's stock valued at $2,305,000 after buying an additional 135 shares during the last quarter. CX Institutional grew its position in Fidelity National Information Services by 2.3% during the 2nd quarter. CX Institutional now owns 6,317 shares of the information technology services provider's stock worth $514,000 after purchasing an additional 140 shares during the last quarter. Stonebrook Private Inc. grew its position in Fidelity National Information Services by 0.6% during the 1st quarter. Stonebrook Private Inc. now owns 24,424 shares of the information technology services provider's stock worth $1,824,000 after purchasing an additional 146 shares during the last quarter. Finally, Private Trust Co. NA grew its position in Fidelity National Information Services by 9.9% during the 1st quarter. Private Trust Co. NA now owns 1,660 shares of the information technology services provider's stock worth $124,000 after purchasing an additional 149 shares during the last quarter. 96.23% of the stock is owned by hedge funds and other institutional investors.

Fidelity National Information Services Company Profile

Fidelity National Information Services, Inc engages in the provision of financial services technology solutions for financial institutions, businesses, and developers worldwide. It operates through Banking Solutions, Capital Market Solutions, and Corporate and Other segments. The company provides core processing and ancillary applications; mobile and online banking; fraud, risk management, and compliance; card and retail payment; electronic funds transfer and network; wealth and retirement; and item processing and output solutions.

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