Fidelity National Information Services (NYSE:FIS) Stock Rating Upgraded by Piper Sandler

by · The Markets Daily

Fidelity National Information Services (NYSE:FIS – Get Free Report) was upgraded by investment analysts at Piper Sandler to a “hold” rating in a research note issued on Thursday, Zacks reports.

A number of other brokerages have also recently commented on FIS. Morgan Stanley initiated coverage on Fidelity National Information Services in a report on Tuesday, July 7th. They set an “equal weight” rating and a $47.00 target price on the stock. Royal Bank Of Canada decreased their target price on shares of Fidelity National Information Services from $57.00 to $53.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 5th. Keefe, Bruyette & Woods cut their price target on Fidelity National Information Services from $60.00 to $56.00 and set an “outperform” rating for the company in a 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 on the stock in a research note on Wednesday, August 5th. Finally, BNP Paribas Exane decreased their price objective on Fidelity National Information Services from $40.00 to $37.00 and set an “underperform” rating on the stock in a report on Thursday, May 14th. Ten equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $53.46.

View Our Latest Stock Analysis on FIS

Fidelity National Information Services Trading Down 0.9%

Shares of Fidelity National Information Services stock opened at $38.16 on Thursday. The company has a 50-day moving average of $41.86 and a two-hundred day moving average of $43.83. Fidelity National Information Services has a 12-month low of $37.42 and a 12-month high of $69.14. 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 stock has a market cap of $19.72 billion, a PE ratio of 5.86, a price-to-earnings-growth ratio of 0.40 and a beta of 0.79.

Fidelity National Information Services (NYSE:FIS – Get Free Report) last announced 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 business 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%.The company’s quarterly revenue was up 29.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $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, research analysts anticipate that Fidelity National Information Services will post 6.19 EPS for the current fiscal year.

Hedge Funds Weigh In On Fidelity National Information Services

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Dodge & Cox lifted its stake in shares of Fidelity National Information Services by 13.9% in the fourth quarter. Dodge & Cox now owns 49,113,297 shares of the information technology services provider’s stock worth $3,264,070,000 after acquiring an additional 6,008,090 shares in the last quarter. BlackRock Inc. bought a new stake in shares of Fidelity National Information Services in the second quarter worth $1,730,200,000. California State Teachers Retirement System raised its holdings in Fidelity National Information Services by 3,634.9% in the second quarter. California State Teachers Retirement System now owns 33,481,706 shares of the information technology services provider’s stock valued at $1,301,769,000 after acquiring an additional 32,585,246 shares in the last quarter. Capital Research Global Investors boosted its stake in Fidelity National Information Services by 0.6% during the 4th quarter. Capital Research Global Investors now owns 28,129,710 shares of the information technology services provider’s stock valued at $1,869,507,000 after acquiring an additional 172,356 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in Fidelity National Information Services by 4.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 11,196,718 shares of the information technology services provider’s stock worth $744,134,000 after purchasing an additional 514,490 shares in the last quarter. 96.23% of the stock is owned by hedge funds and other institutional investors.

Fidelity National Information Services Company Profile

(Get Free Report)

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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