Investment Analysts’ Recent Ratings Changes for Fidelity National Information Services (FIS)

Posted by Jessica Moore on Nov 13th, 2024

Several analysts have recently updated their ratings and price targets for Fidelity National Information Services (NYSE: FIS):

11/5/2024 – Fidelity National Information Services had its price target raised by analysts at Susquehanna from $88.00 to $103.00. They now have a “positive” rating on the stock.
11/5/2024 – Fidelity National Information Services had its price target raised by analysts at JPMorgan Chase & Co. from $89.00 to $99.00. They now have an “overweight” rating on the stock.
11/5/2024 – Fidelity National Information Services had its price target raised by analysts at Mizuho from $91.00 to $104.00. They now have an “outperform” rating on the stock.
11/5/2024 – Fidelity National Information Services had its price target raised by analysts at Keefe, Bruyette & Woods from $97.00 to $102.00. They now have an “outperform” rating on the stock.
11/5/2024 – Fidelity National Information Services had its price target raised by analysts at Royal Bank of Canada from $95.00 to $104.00. They now have an “outperform” rating on the stock.
11/5/2024 – Fidelity National Information Services had its price target raised by analysts at UBS Group AG from $80.00 to $94.00. They now have a “neutral” rating on the stock.
11/5/2024 – Fidelity National Information Services had its price target raised by analysts at Robert W. Baird from $92.00 to $94.00. They now have a “neutral” rating on the stock.
11/5/2024 – Fidelity National Information Services had its price target raised by analysts at TD Cowen from $78.00 to $86.00. They now have a “hold” rating on the stock.
11/5/2024 – Fidelity National Information Services had its price target raised by analysts at Morgan Stanley from $80.00 to $87.00. They now have an “equal weight” rating on the stock.
10/18/2024 – Fidelity National Information Services had its price target raised by analysts at Stephens from $90.00 to $98.00. They now have an “overweight” rating on the stock.
10/16/2024 – Fidelity National Information Services had its price target raised by analysts at Jefferies Financial Group Inc. from $80.00 to $90.00. They now have a “hold” rating on the stock.
10/10/2024 – Fidelity National Information Services had its price target raised by analysts at Barclays PLC from $90.00 to $98.00. They now have an “overweight” rating on the stock.
10/1/2024 – Fidelity National Information Services is now covered by analysts at Oppenheimer Holdings Inc.. They set a “market perform” rating on the stock.
9/17/2024 – Fidelity National Information Services had its price target raised by analysts at Bank of America Co. from $90.00 to $96.00. They now have a “buy” rating on the stock.

Fidelity National Information Services Stock Performance

NYSE FIS traded up $0.92 on Wednesday, reaching $88.54. 1,235,819 shares of the company’s stock traded hands, compared to its average volume of 3,763,147. The firm has a market cap of $47.67 billion, a price-to-earnings ratio of 35.27, a P/E/G ratio of 0.74 and a beta of 1.06. The stock has a 50 day moving average price of $86.29 and a 200-day moving average price of $79.76. Fidelity National Information Services, Inc. has a fifty-two week low of $53.39 and a fifty-two week high of $91.98. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.18 and a current ratio of 1.18.

Fidelity National Information Services (NYSE:FIS – Get Free Report) last issued its quarterly earnings data on Monday, November 4th. The information technology services provider reported $1.40 earnings per share for the quarter, topping analysts’ consensus estimates of $1.29 by $0.11. The business had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.56 billion. Fidelity National Information Services had a net margin of 14.37% and a return on equity of 15.35%. The company’s revenue was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.94 earnings per share. Equities research analysts predict that Fidelity National Information Services, Inc. will post 5.18 EPS for the current fiscal year.

Fidelity National Information Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 9th will be paid a dividend of $0.36 per share. The ex-dividend date of this dividend is Monday, December 9th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.63%. Fidelity National Information Services’s dividend payout ratio is currently 57.37%.

Insider Transactions at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein acquired 626 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The stock was bought at an average price of $88.25 per share, with a total value of $55,244.50. Following the purchase, the director now owns 10,397 shares in the company, valued at approximately $917,535.25. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.20% of the company’s stock.

Institutional Trading of Fidelity National Information Services

A number of hedge funds and other institutional investors have recently made changes to their positions in FIS. Linden Thomas Advisory Services LLC acquired a new stake in Fidelity National Information Services in the 2nd quarter valued at approximately $1,253,000. CENTRAL TRUST Co boosted its position in Fidelity National Information Services by 757.9% in the 3rd quarter. CENTRAL TRUST Co now owns 11,831 shares of the information technology services provider’s stock valued at $991,000 after buying an additional 10,452 shares during the period. SG Americas Securities LLC boosted its position in Fidelity National Information Services by 572.2% in the 2nd quarter. SG Americas Securities LLC now owns 222,601 shares of the information technology services provider’s stock valued at $16,775,000 after buying an additional 189,484 shares during the period. Price T Rowe Associates Inc. MD boosted its position in Fidelity National Information Services by 1.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 812,874 shares of the information technology services provider’s stock valued at $60,300,000 after buying an additional 11,655 shares during the period. Finally, Mizuho Markets Americas LLC boosted its position in Fidelity National Information Services by 115.9% in the 1st quarter. Mizuho Markets Americas LLC now owns 3,748,200 shares of the information technology services provider’s stock valued at $278,041,000 after buying an additional 2,011,848 shares during the period. Institutional investors and hedge funds own 96.23% of the company’s stock.

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.