Fidelity National Information Services (NYSE:FIS) Hits New 1-Year Low on Analyst Downgrade

Key Points

• FIS hit a new 52-week low, falling to $33.67 after Deutsche Bank cut its price target from $45 to $40 and maintained a “hold” rating.
• Analyst sentiment remains mixed but leans toward caution: FIS has an overall “hold” rating, with an average price target of $52.72 compared with its recent trading level.
• Despite the share-price weakness, FIS reported quarterly revenue of $3.38 billion, up 29.1% year over year, narrowly exceeded earnings expectations, and offers a quarterly dividend equivalent to a 5.2% annual yield.

Fidelity National Information Services, Inc. (NYSE:FIS - Get Free Report) reached a new 52-week low during mid-day trading on Tuesday after Deutsche Bank Aktiengesellschaft lowered their price target on the stock from $45.00 to $40.00. Deutsche Bank Aktiengesellschaft currently has a hold rating on the stock. Fidelity National Information Services traded as low as $33.67 and last traded at $33.8690, with a volume of 555178 shares. The stock had previously closed at $34.31.

FIS has been the topic of several other research reports. Keefe, Bruyette & Woods dropped their target price on Fidelity National Information Services from $60.00 to $56.00 and set an "outperform" rating on the stock in a research report on Wednesday, August 5th. Citigroup reduced their price target on Fidelity National Information Services from $48.00 to $45.00 and set a "neutral" rating for the company in a report on Wednesday, August 5th. Robert W. Baird dropped their price objective on Fidelity National Information Services from $48.00 to $45.00 and set a "neutral" rating on the stock in a report on Friday. National Bank Financial set a $50.00 price objective on Fidelity National Information Services in a research report on Monday, August 10th. Finally, Truist Financial reduced their target price on Fidelity National Information Services from $45.00 to $43.00 and set a "hold" rating for the company in a report on Friday, July 24th. Ten research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Fidelity National Information Services has an average rating of "Hold" and an average price target of $52.72.

Institutional Investors Weigh In On Fidelity National Information Services

A number of institutional investors have recently bought and sold shares of the stock. BlackRock Inc. acquired a new position in Fidelity National Information Services during the second quarter valued at approximately $1,730,200,000. Norges Bank acquired a new stake in shares of Fidelity National Information Services in the fourth quarter worth $495,956,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in shares of Fidelity National Information Services in the 2nd quarter valued at $219,162,000. Bank of America Corp DE acquired a new position in shares of Fidelity National Information Services during the 2nd quarter valued at $189,387,000. Finally, Legal & General Group Plc purchased a new stake in Fidelity National Information Services during the 2nd quarter worth $129,815,000. 96.23% of the stock is currently owned by hedge funds and other institutional investors.

Fidelity National Information Services Trading Down 1.6%

The stock has a market capitalization of $17.45 billion, a PE ratio of 5.19, a PEG ratio of 0.37 and a beta of 0.79. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.96. The business's 50-day moving average is $40.57 and its two-hundred day moving average is $42.69.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The information technology services provider reported $1.48 EPS for the quarter, topping the consensus estimate of $1.47 by $0.01. The firm had revenue of $3.38 billion for the quarter, compared to analyst estimates of $3.38 billion. Fidelity National Information Services had a return on equity of 20.95% and a net margin of 27.64%.Fidelity National Information Services's revenue for the quarter was up 29.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.36 EPS. Fidelity National Information Services has set its FY 2026 guidance at 6.150-6.240 EPS and its Q3 2026 guidance at 1.580-1.620 EPS. On average, analysts predict that Fidelity National Information Services, Inc. will post 6.2 earnings per share for the current year.

Fidelity National Information Services Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Friday, September 11th were issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 5.2%. The ex-dividend date of this dividend was Friday, September 11th. Fidelity National Information Services's dividend payout ratio (DPR) is presently 27.04%.

About Fidelity National Information Services

Fidelity National Information Services, Inc NYSE: FIS is a global financial technology company that provides software, services and technology solutions to banks, credit unions, wealth management firms, capital markets institutions and other financial organizations. Its offerings support core banking, digital banking, payments processing, fraud prevention, risk management, compliance, data analytics and customer engagement.

FIS provides platforms for account processing, transaction processing, lending, treasury management, card and payment operations, and investment management.

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