Fidelity National Information Services (NYSE:FIS) Upgraded by Citigroup to "Hold" Rating

Key Points

• Fidelity National Information Services was upgraded to a "hold" rating by Citigroup, with other analysts issuing varying ratings including a recent upgrade from "neutral" to "buy" by UBS Group.
• The company reported a quarterly earnings per share of $1.36 and revenue of $2.62 billion, which exceeded analysts' expectations, marking a revenue increase of 5.1% year-over-year.
• Insider activity was noted as Director Jeffrey A. Goldstein purchased 889 shares at an average cost of $67.66 per share, increasing his ownership stake in the company.

Fidelity National Information Services (NYSE:FIS - Get Free Report) was upgraded by equities research analysts at Citigroup to a "hold" rating in a note issued to investors on Thursday,Zacks.com reports.

Other research analysts also recently issued research reports about the company. UBS Group upgraded Fidelity National Information Services from a "neutral" rating to a "buy" rating and set a $82.00 price target on the stock in a research note on Tuesday, September 30th. Wells Fargo & Company began coverage on Fidelity National Information Services in a research note on Wednesday. They issued an "overweight" rating and a $81.00 target price on the stock. Jefferies Financial Group lowered their target price on 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. Truist Financial lifted their target price on Fidelity National Information Services from $84.00 to $85.00 and gave the company a "hold" rating in a research note on Thursday, July 17th. Finally, Robert W. Baird lifted their target price on Fidelity National Information Services from $82.00 to $86.00 and gave the company a "neutral" rating in a research note on Wednesday, July 16th. Thirteen research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $88.67.

Fidelity National Information Services Trading Down 0.5%

NYSE:FIS opened at $67.56 on Thursday. The stock's 50 day moving average price is $67.62 and its 200 day moving average price is $74.46. The company has a market capitalization of $35.29 billion, a PE ratio of 375.35 and a beta of 1.05. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.63. Fidelity National Information Services has a 52-week low of $63.00 and a 52-week high of $91.98.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The information technology services provider reported $1.36 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $1.36. The firm had revenue of $2.62 billion for 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 firm's quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.36 EPS. 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. On average, research analysts anticipate that Fidelity National Information Services will post 5.74 EPS for the current year.

Insider Buying and Selling at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein purchased 889 shares of the firm's stock in a transaction that occurred on Wednesday, October 15th. The shares were purchased at an average cost of $67.66 per share, for a total transaction of $60,149.74. Following the completion of the purchase, the director directly owned 13,588 shares in the company, valued at $919,364.08. This represents a 7.00% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.21% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Fidelity National Information Services

Several hedge funds and other institutional investors have recently bought and sold shares of FIS. Brighton Jones LLC acquired a new position in Fidelity National Information Services during the fourth quarter worth $347,000. Cambridge Investment Research Advisors Inc. raised its holdings in Fidelity National Information Services by 4.3% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 21,031 shares of the information technology services provider's stock worth $1,571,000 after purchasing an additional 869 shares during the last quarter. Oppenheimer & Co. Inc. acquired a new position in Fidelity National Information Services during the first quarter worth $276,000. Achmea Investment Management B.V. raised its holdings in Fidelity National Information Services by 42.5% during the first quarter. Achmea Investment Management B.V. now owns 50,932 shares of the information technology services provider's stock worth $3,803,000 after purchasing an additional 15,194 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in Fidelity National Information Services by 88.5% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 167,066 shares of the information technology services provider's stock worth $12,476,000 after purchasing an additional 78,422 shares during the last quarter. 96.23% of the stock is owned by institutional investors and hedge funds.

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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