Fidelity National Information Services (NYSE:FIS) Hits New 52-Week Low - Here's Why

Key Points

• Fidelity National Information Services shares hit a new 52-week low of $64.73, closing at $64.91 with a trading volume of 85,708 shares.
• Analysts have adjusted their price targets for FIS, with most setting a "neutral" rating and an average target price of $91.17, despite the stock's recent decline.
• The company recently announced a quarterly dividend of $0.40 per share, yielding 2.5%, while its dividend payout ratio stands at a very high 888.89%.

Fidelity National Information Services, Inc. (NYSE:FIS - Get Free Report)'s stock price hit a new 52-week low during trading on Monday . The stock traded as low as $64.73 and last traded at $64.91, with a volume of 85708 shares trading hands. The stock had previously closed at $65.11.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Susquehanna lowered their price objective on shares of Fidelity National Information Services from $81.00 to $77.00 and set a "neutral" rating for the company in a research note on Friday, September 12th. Truist Financial increased their price objective on Fidelity National Information Services from $84.00 to $85.00 and gave the stock a "hold" rating in a report on Thursday, July 17th. Keefe, Bruyette & Woods cut their price target on shares of Fidelity National Information Services from $92.00 to $88.00 and set an "outperform" rating on the stock in a report on Wednesday, August 6th. UBS Group cut their price target on shares of Fidelity National Information Services from $84.00 to $82.00 and set a "neutral" rating on the stock in a report on Wednesday, August 6th. Finally, Robert W. Baird boosted their price target on shares of Fidelity National Information Services from $82.00 to $86.00 and gave the company a "neutral" rating in a research report on Wednesday, July 16th. Twelve research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Fidelity National Information Services currently has a consensus rating of "Moderate Buy" and a consensus price target of $91.17.

Fidelity National Information Services Price Performance

The company has a debt-to-equity ratio of 0.63, a current ratio of 0.59 and a quick ratio of 0.59. The firm's 50 day moving average is $72.51 and its 200 day moving average is $75.47. The firm has a market cap of $33.69 billion, a P/E ratio of 358.35 and a beta of 1.05.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last posted 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. The business had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.57 billion. Fidelity National Information Services had a net margin of 1.09% and a return on equity of 18.73%. Fidelity National Information Services's quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $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 earnings per share for the current year.

Fidelity National Information Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 24th. Stockholders of record on Wednesday, September 10th will be issued a dividend of $0.40 per share. The ex-dividend date is Wednesday, September 10th. This represents a $1.60 annualized dividend and a dividend yield of 2.5%. Fidelity National Information Services's dividend payout ratio (DPR) is presently 888.89%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Sierra Ocean LLC raised its holdings in Fidelity National Information Services by 356.0% in the first quarter. Sierra Ocean LLC now owns 342 shares of the information technology services provider's stock worth $26,000 after buying an additional 267 shares during the last quarter. YANKCOM Partnership boosted its position in shares of Fidelity National Information Services by 118.8% during the first quarter. YANKCOM Partnership now owns 350 shares of the information technology services provider's stock valued at $26,000 after buying an additional 190 shares during the last quarter. Meeder Asset Management Inc. boosted its position in shares of Fidelity National Information Services by 92.1% during the first quarter. Meeder Asset Management Inc. now owns 342 shares of the information technology services provider's stock valued at $26,000 after buying an additional 164 shares during the last quarter. Hazlett Burt & Watson Inc. boosted its position in shares of Fidelity National Information Services by 179.9% during the first quarter. Hazlett Burt & Watson Inc. now owns 389 shares of the information technology services provider's stock valued at $29,000 after buying an additional 250 shares during the last quarter. Finally, NewSquare Capital LLC grew its stake in shares of Fidelity National Information Services by 115.1% in the second quarter. NewSquare Capital LLC now owns 357 shares of the information technology services provider's stock worth $29,000 after acquiring an additional 191 shares during the period. 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.