Keefe, Bruyette & Woods Has Lowered Expectations for Fidelity National Information Services (NYSE:FIS) Stock Price

Key Points

• Keefe, Bruyette & Woods has reduced the price target for Fidelity National Information Services (NYSE:FIS) from $88.00 to $85.00, indicating a potential upside of 28.69% from the current price.
• During recent trading, FIS shares increased by 0.2%, reaching $66.05, while maintaining a market capitalization of $34.50 billion.
• The company's quarterly earnings report revealed an EPS of $1.36, aligning with analysts' expectations, along with a year-over-year revenue increase of 5.1%.

Fidelity National Information Services (NYSE:FIS - Get Free Report) had its price target reduced by equities research analysts at Keefe, Bruyette & Woods from $88.00 to $85.00 in a research report issued to clients and investors on Wednesday,Fidelity reports. The firm presently has an "outperform" rating on the information technology services provider's stock. Keefe, Bruyette & Woods' target price suggests a potential upside of 28.69% from the company's current price.

A number of other equities research analysts have also weighed in on the stock. UBS Group upgraded shares of Fidelity National Information Services from a "neutral" rating to a "buy" rating and set a $82.00 price objective for the company in a report on Tuesday. Truist Financial increased their price objective on shares of Fidelity National Information Services from $84.00 to $85.00 and gave the company a "hold" rating in a research report on Thursday, July 17th. Susquehanna dropped their price target 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. Finally, Robert W. Baird increased their price objective on shares of Fidelity National Information Services from $82.00 to $86.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 16th. Thirteen analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $91.00.

Fidelity National Information Services Trading Up 0.2%

Shares of FIS traded up $0.11 during trading hours on Wednesday, hitting $66.05. 127,168 shares of the stock were exchanged, compared to its average volume of 3,723,101. 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 has a 50-day moving average of $70.62 and a 200-day moving average of $75.21. The firm has a market capitalization of $34.50 billion, a P/E ratio of 367.35 and a beta of 1.05.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The information technology services provider reported $1.36 EPS for the quarter, hitting analysts' consensus estimates of $1.36. Fidelity National Information Services had a net margin of 1.09% and a return on equity of 18.73%. The business had revenue of $2.62 billion during the quarter, compared to analysts' expectations of $2.57 billion. During the same period last year, the company posted $1.36 earnings per share. The business'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. On average, research analysts expect that Fidelity National Information Services will post 5.74 EPS for the current year.

Institutional Trading of Fidelity National Information Services

A number of hedge funds have recently added to or reduced their stakes in FIS. Sierra Ocean LLC boosted its stake in Fidelity National Information Services by 356.0% during the 1st quarter. Sierra Ocean LLC now owns 342 shares of the information technology services provider's stock worth $26,000 after purchasing an additional 267 shares during the last quarter. Meeder Asset Management Inc. raised its holdings in Fidelity National Information Services by 92.1% in the first quarter. Meeder Asset Management Inc. now owns 342 shares of the information technology services provider's stock valued at $26,000 after acquiring an additional 164 shares in the last quarter. YANKCOM Partnership raised its holdings in 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 worth $26,000 after purchasing an additional 190 shares in the last quarter. NewSquare Capital LLC raised its position in Fidelity National Information Services by 115.1% during the 2nd quarter. NewSquare Capital LLC now owns 357 shares of the information technology services provider's stock worth $29,000 after buying an additional 191 shares during the last quarter. Finally, Hazlett Burt & Watson Inc. boosted its position in shares of Fidelity National Information Services by 179.9% during the 1st quarter. Hazlett Burt & Watson Inc. now owns 389 shares of the information technology services provider's stock worth $29,000 after purchasing an additional 250 shares in the last quarter. 96.23% of the stock is owned by hedge funds and other 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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