Fidelity National Information Services (NYSE:FIS) Stock Crosses Above 50 Day Moving Average - Here's What Happened

Key Points

• FIS shares rose 2%, briefly trading above their 50-day moving average of $37.02, while remaining below the 200-day average of $44.03.
• Analysts maintain a consensus “Hold” rating with a $49.04 target price; recent firms lowered their price targets, including Susquehanna to $37 and Wells Fargo to $46.
• The company reported quarterly revenue of $3.38 billion and adjusted earnings of $1.48 per share, while announcing a quarterly dividend of $0.44, equivalent to a 4.7% annualized yield.

Shares of Fidelity National Information Services, Inc. (NYSE:FIS - Get Free Report) crossed above its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of $37.02 and traded as high as $37.28. Fidelity National Information Services shares last traded at $37.2080, with a volume of 5,117,837 shares.

Wall Street Analyst Weigh In

FIS has been the topic of a number of recent analyst reports. Susquehanna cut their target price on shares of Fidelity National Information Services from $46.00 to $37.00 and set a "neutral" rating on the stock in a research note on Tuesday, October 13th. Morgan Stanley began coverage on Fidelity National Information Services in a research note on Tuesday, July 7th. They issued an "equal weight" rating and a $47.00 price target for the company. Wells Fargo & Company lowered Fidelity National Information Services from an "overweight" rating to an "equal weight" rating and lowered their price objective for the company from $58.00 to $46.00 in a report on Tuesday, August 25th. Royal Bank Of Canada cut their price objective on Fidelity National Information Services from $57.00 to $53.00 and set an "outperform" rating on the stock in a research note on Wednesday, August 5th. Finally, Stephens assumed coverage on Fidelity National Information Services in a research note on Tuesday, August 11th. They set an "equal weight" rating and a $50.00 price objective on the stock. Eleven investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $49.04.

Fidelity National Information Services Trading Up 2.0%

The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.96. The firm's 50 day simple moving average is $37.02 and its two-hundred day simple moving average is $44.03. The stock has a market cap of $19.23 billion, a P/E ratio of 5.72, a price-to-earnings-growth ratio of 0.43 and a beta of 0.81.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last issued its earnings results on Tuesday, August 4th. The information technology services provider reported $1.48 earnings per share for the quarter, topping analysts' consensus estimates of $1.47 by $0.01. Fidelity National Information Services had a net margin of 27.64% and a return on equity of 20.95%. The company had revenue of $3.38 billion for the quarter, compared to analysts' expectations of $3.38 billion. During the same period in the prior year, the company earned $1.36 earnings per share. The firm's revenue was up 29.1% compared to the same quarter last year. 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, equities research analysts predict that Fidelity National Information Services, Inc. will post 6.20 earnings per share for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 28th. Shareholders of record on Monday, December 14th will be paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date is Monday, December 14th. Fidelity National Information Services's payout ratio is presently 27.04%.

Insider Buying and Selling

In related news, Director Jeffrey Goldstein bought 1,585 shares of the stock in a transaction dated Thursday, October 15th. The stock was bought at an average cost of $36.40 per share, with a total value of $57,694.00. Following the completion of the acquisition, the director owned 18,697 shares of the company's stock, valued at $680,570.80. This trade represents a 9.26% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.28% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FIS. Azzad Asset Management Inc. ADV raised its stake in Fidelity National Information Services by 2.0% during the 1st quarter. Azzad Asset Management Inc. ADV now owns 12,598 shares of the information technology services provider's stock valued at $591,000 after acquiring an additional 250 shares in the last quarter. Dynamic Advisor Solutions LLC boosted its position in Fidelity National Information Services by 4.8% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 6,316 shares of the information technology services provider's stock worth $246,000 after acquiring an additional 290 shares during the period. New England Capital Financial Advisors LLC boosted its position in Fidelity National Information Services by 21.8% during the 1st quarter. New England Capital Financial Advisors LLC now owns 1,692 shares of the information technology services provider's stock worth $79,000 after acquiring an additional 303 shares during the period. Signaturefd LLC grew its stake in shares of Fidelity National Information Services by 4.7% in the third quarter. Signaturefd LLC now owns 6,802 shares of the information technology services provider's stock worth $224,000 after purchasing an additional 303 shares in the last quarter. Finally, Bleakley Financial Group LLC grew its stake in shares of Fidelity National Information Services by 0.3% in the first quarter. Bleakley Financial Group LLC now owns 115,095 shares of the information technology services provider's stock worth $5,399,000 after purchasing an additional 328 shares in the last quarter. Institutional investors and hedge funds own 96.23% of the company's stock.

About Fidelity National Information Services

Fidelity National Information Services, Inc NYSE: FIS is a global financial technology company that provides software, services and technology infrastructure to banks, financial institutions, merchants and other businesses. Its solutions are designed to support transaction processing, digital banking, payments, risk management and other essential financial operations.

FIS offers core banking and digital banking platforms, card and payment processing services, fraud and financial crime prevention tools, and technologies that help financial institutions manage accounts, lending and other banking activities.

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