Fidelity National Information Services (NYSE:FIS) Reaches New 12-Month Low - Should You Sell?

Key Points

• Fidelity National Information Services (NYSE:FIS) reached a new 12-month low of $66.10, with a trading volume of over 5.4 million shares on Wednesday.
• Analysts are mixed on the stock's future, with 13 ratings suggesting a Buy and 7 ratings indicating a Hold, while the average price target stands at $91.63.
• The company recently announced a quarterly dividend of $0.40, representing an annualized yield of 2.4%. The dividend payout ratio is an unusually high 888.89%.

Fidelity National Information Services, Inc. (NYSE:FIS - Get Free Report)'s stock price reached a new 52-week low on Wednesday . The stock traded as low as $66.19 and last traded at $66.10, with a volume of 5401418 shares trading hands. The stock had previously closed at $68.24.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Keefe, Bruyette & Woods decreased their price objective on shares of Fidelity National Information Services from $92.00 to $88.00 and set an "outperform" rating for the company in a research report on Wednesday, August 6th. Truist Financial increased their price objective on shares of Fidelity National Information Services from $84.00 to $85.00 and gave the stock a "hold" rating in a research report on Thursday, July 17th. Robert W. Baird increased their target price on shares of Fidelity National Information Services from $82.00 to $86.00 and gave the stock a "neutral" rating in a report on Wednesday, July 16th. Finally, UBS Group lowered their price objective on shares of Fidelity National Information Services from $84.00 to $82.00 and set a "neutral" rating on the stock in a research report on Wednesday, August 6th. Thirteen equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $91.63.

Fidelity National Information Services Stock Performance

The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.63. The firm has a market cap of $34.58 billion, a price-to-earnings ratio of 367.81 and a beta of 1.05. The stock has a 50 day moving average of $75.04 and a 200 day moving average of $75.67.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last issued its earnings results on Tuesday, August 5th. The information technology services provider reported $1.36 EPS for the quarter, hitting the consensus estimate of $1.36. The firm had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $2.57 billion. Fidelity National Information Services had a return on equity of 18.73% and a net margin of 1.09%.The business's quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.36 earnings per share. 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. As a group, analysts anticipate that Fidelity National Information Services, Inc. will post 5.74 EPS for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 24th. Investors of record on Wednesday, September 10th will be issued a $0.40 dividend. The ex-dividend date is Wednesday, September 10th. This represents a $1.60 annualized dividend and a yield of 2.4%. Fidelity National Information Services's dividend payout ratio is presently 888.89%.

Hedge Funds Weigh In On Fidelity National Information Services

A number of large investors have recently modified their holdings of FIS. Oppenheimer & Co. Inc. purchased a new stake in shares of Fidelity National Information Services during the 1st quarter valued at $276,000. Brown Advisory Inc. increased its stake in Fidelity National Information Services by 16.7% in the first quarter. Brown Advisory Inc. now owns 329,325 shares of the information technology services provider's stock valued at $24,594,000 after acquiring an additional 47,086 shares during the last quarter. Compass Wealth Management LLC lifted its position in Fidelity National Information Services by 13.5% in the 1st quarter. Compass Wealth Management LLC now owns 77,794 shares of the information technology services provider's stock worth $5,810,000 after buying an additional 9,251 shares during the last quarter. Brighton Jones LLC purchased a new stake in Fidelity National Information Services during the fourth quarter valued at about $347,000. Finally, Meritage Portfolio Management raised its stake in shares of Fidelity National Information Services by 43.9% during the first quarter. Meritage Portfolio Management now owns 82,571 shares of the information technology services provider's stock valued at $6,166,000 after acquiring an additional 25,203 shares during the last quarter. 96.23% of the stock is currently owned by institutional investors.

About Fidelity National Information Services

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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