Fidelity National Information Services (NYSE:FIS) Upgraded to "Buy" at UBS Group

Key Points

• UBS Group has upgraded Fidelity National Information Services from a "neutral" rating to a "buy" rating, with a target price of $82.00, indicating a potential upside of 24.88% from its last close.
• The company reported $1.36 earnings per share for the last quarter, meeting analysts' estimates, and saw a year-over-year revenue increase of 5.1%.
• Currently, Fidelity National Information Services has a consensus rating of "Moderate Buy" from analysts, with a consensus target price of $91.17.

Fidelity National Information Services (NYSE:FIS - Get Free Report) was upgraded by investment analysts at UBS Group from a "neutral" rating to a "buy" rating in a report issued on Tuesday,Benzinga reports. The brokerage presently has a $82.00 target price on the information technology services provider's stock. UBS Group's price target would indicate a potential upside of 24.88% from the stock's previous close.

Other equities analysts also recently issued research reports about the company. Susquehanna dropped their price objective on 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. 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 dropped their price objective on 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. Finally, Robert W. Baird upped their target price on Fidelity National Information Services from $82.00 to $86.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 16th. Thirteen equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, Fidelity National Information Services presently has a consensus rating of "Moderate Buy" and a consensus target price of $91.17.

Fidelity National Information Services Price Performance

Shares of FIS opened at $65.66 on Tuesday. The company has a market capitalization of $34.30 billion, a price-to-earnings ratio of 364.81 and a beta of 1.05. Fidelity National Information Services has a fifty-two week low of $63.00 and a fifty-two week high of $91.98. 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 business's 50-day moving average is $70.94 and its 200-day moving average is $75.28.

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 earnings per share for the quarter, meeting analysts' consensus estimates of $1.36. Fidelity National Information Services had a return on equity of 18.73% and a net margin of 1.09%.The company had revenue of $2.62 billion for the quarter, compared to the consensus estimate of $2.57 billion. During the same quarter in the prior year, the company earned $1.36 EPS. The firm's quarterly revenue was up 5.1% on a year-over-year basis. 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. Equities research analysts expect that Fidelity National Information Services will post 5.74 EPS for the current fiscal year.

Hedge Funds Weigh In On Fidelity National Information Services

Institutional investors have recently modified their holdings of the business. Cullen Investment Group LTD. lifted its holdings in shares of Fidelity National Information Services by 10.4% during the 2nd quarter. Cullen Investment Group LTD. now owns 58,464 shares of the information technology services provider's stock valued at $4,760,000 after purchasing an additional 5,521 shares in the last quarter. Oppenheimer & Co. Inc. acquired a new stake in Fidelity National Information Services in the 1st quarter valued at approximately $276,000. Brown Advisory Inc. raised its position in Fidelity National Information Services by 16.7% in the 1st quarter. Brown Advisory Inc. now owns 329,325 shares of the information technology services provider's stock valued at $24,594,000 after buying an additional 47,086 shares during the last quarter. Compass Wealth Management LLC raised 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 valued at $5,810,000 after buying an additional 9,251 shares during the last quarter. Finally, Brighton Jones LLC acquired a new stake in Fidelity National Information Services in the 4th quarter valued at approximately $347,000. Institutional investors own 96.23% of the company's stock.

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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