Fidelity National Information Services (NYSE:FIS) Sets New 52-Week Low - What's Next?

Key Points

• FIS hit a new 52-week low at $35.46, trading below its 50-day and 200-day moving averages of $41.38 and $43.35, respectively.
• Analyst sentiment is mixed, with an overall “Hold” rating and an average price target of $53.46; recent target changes ranged from $42 to $56, while Weiss Ratings downgraded the stock to “sell.”
• The company slightly beat quarterly earnings expectations with $1.48 in EPS and reported 29.1% year-over-year revenue growth. FIS also declared a $0.44 quarterly dividend, implying a 5.0% yield.

Fidelity National Information Services, Inc. (NYSE:FIS - Get Free Report) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $35.46 and last traded at $35.4740, with a volume of 161217 shares. The stock had previously closed at $35.62.

Analysts Set New Price Targets

Several equities research analysts have weighed in on FIS shares. Piper Sandler initiated coverage on shares of Fidelity National Information Services in a research note on Friday, September 11th. They issued a "neutral" rating and a $42.00 price target for the company. Keefe, Bruyette & Woods decreased their target price on Fidelity National Information Services from $60.00 to $56.00 and set an "outperform" rating for the company in a research report on Wednesday, August 5th. Barclays dropped their price target on Fidelity National Information Services from $44.00 to $43.00 and set an "equal weight" rating on the stock in a research note on Wednesday, August 5th. Weiss Ratings lowered Fidelity National Information Services from a "hold (c-)" rating to a "sell (d+)" rating in a report on Thursday, September 10th. Finally, TD Cowen decreased their price objective on Fidelity National Information Services from $58.00 to $53.00 and set a "buy" rating for the company in a report on Wednesday, August 26th. Ten equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $53.46.

Fidelity National Information Services Stock Performance

The company has a 50-day moving average of $41.38 and a 200-day moving average of $43.35. The company has a market cap of $18.35 billion, a PE ratio of 5.46, a PEG ratio of 0.37 and a beta of 0.79. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.96.

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, beating analysts' consensus estimates of $1.47 by $0.01. The business had revenue of $3.38 billion during 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 quarterly revenue was up 29.1% compared to the same quarter last year. During the same period in the prior year, the firm 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. As a group, analysts anticipate 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 will be paid on Friday, September 25th. Investors of record on Friday, September 11th will be issued a dividend of $0.44 per share. The ex-dividend date is Friday, September 11th. This represents a $1.76 annualized dividend and a yield of 5.0%. Fidelity National Information Services's payout ratio is 27.04%.

Institutional Investors Weigh In On Fidelity National Information Services

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in shares of Fidelity National Information Services in the second quarter valued at $1,730,200,000. Norges Bank bought a new position in shares of Fidelity National Information Services during the 4th quarter worth $495,956,000. OP Asset Management Ltd bought a new position in shares of Fidelity National Information Services during the 1st quarter worth $2,509,000. South Dakota Investment Council increased its holdings in Fidelity National Information Services by 46.2% in the 1st quarter. South Dakota Investment Council now owns 228,021 shares of the information technology services provider's stock worth $10,696,000 after acquiring an additional 72,040 shares during the last quarter. Finally, OMERS ADMINISTRATION Corp bought a new stake in Fidelity National Information Services in the 2nd quarter valued at about $10,891,000. Hedge funds and other institutional investors own 96.23% of the company's stock.

Fidelity National Information Services Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.