Fidelity National Information Services, Inc. (NYSE:FIS – Get Free Report)’s share price reached a new 52-week low during trading on Thursday . The company traded as low as $37.85 and last traded at $38.0960, with a volume of 662413 shares. The stock had previously closed at $38.58.
Analysts Set New Price Targets
A number of analysts have commented on FIS shares. Wolfe Research reduced their target price on Fidelity National Information Services from $90.00 to $70.00 and set an “outperform” rating for the company in a report on Wednesday, February 25th. Argus reduced their target price on Fidelity National Information Services from $92.00 to $65.00 and set a “buy” rating for the company in a report on Thursday, February 26th. Royal Bank Of Canada reduced their target price on Fidelity National Information Services from $69.00 to $57.00 and set an “outperform” rating for the company in a report on Friday, May 8th. The Goldman Sachs Group reduced their target price on Fidelity National Information Services from $65.00 to $57.00 and set a “buy” rating for the company in a report on Monday, May 11th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on Fidelity National Information Services from $55.00 to $50.00 in a report on Monday, May 11th. Thirteen research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $61.33.
Get Our Latest Report on Fidelity National Information Services
Fidelity National Information Services Price Performance
Fidelity National Information Services (NYSE:FIS – Get Free Report) last announced its earnings results on Friday, May 8th. The information technology services provider reported $1.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.08. The business had revenue of $3.30 billion for the quarter, compared to analysts’ expectations of $3.28 billion. Fidelity National Information Services had a return on equity of 21.30% and a net margin of 23.35%.The business’s revenue for the quarter was up 30.1% on a year-over-year basis. During the same period last year, the firm posted $1.21 earnings per share. Fidelity National Information Services has set its FY 2026 guidance at 6.220-6.320 EPS and its Q2 2026 guidance at 1.450-1.490 EPS. As a group, equities analysts forecast that Fidelity National Information Services, Inc. will post 6.28 earnings per share for the current year.
Fidelity National Information Services Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Thursday, June 11th will be given a dividend of $0.44 per share. The ex-dividend date is Thursday, June 11th. This represents a $1.76 annualized dividend and a yield of 4.6%. Fidelity National Information Services’s payout ratio is 34.11%.
Hedge Funds Weigh In On Fidelity National Information Services
Several institutional investors and hedge funds have recently bought and sold shares of FIS. Nordea Investment Management AB grew its stake in shares of Fidelity National Information Services by 15.4% during the 4th quarter. Nordea Investment Management AB now owns 1,440,210 shares of the information technology services provider’s stock valued at $96,048,000 after acquiring an additional 191,957 shares during the period. Clear Trail Advisors LLC bought a new position in Fidelity National Information Services in the 4th quarter worth approximately $2,590,000. SG Americas Securities LLC boosted its stake in Fidelity National Information Services by 702.1% in the 4th quarter. SG Americas Securities LLC now owns 576,026 shares of the information technology services provider’s stock worth $38,283,000 after purchasing an additional 504,215 shares during the period. Brighton Jones LLC bought a new position in Fidelity National Information Services in the 4th quarter worth approximately $347,000. Finally, Norges Bank bought a new position in Fidelity National Information Services in the 4th quarter worth approximately $495,956,000. 96.23% of the stock is currently owned by hedge funds and other institutional investors.
About Fidelity National Information Services
Fidelity National Information Services (NYSE: FIS) is a global provider of financial technology solutions and services for banks, capital markets firms, merchants and corporations. The company develops and delivers software, processing, and outsourcing services that support core banking, payments and merchant acquiring, wealth and retirement platforms, risk and compliance, and trading and capital markets operations. Its offerings include cloud-based and on-premises core banking systems, card processing and gateway services, e-commerce and point-of-sale payment solutions, and a range of back-office and advisory services designed to automate and modernize financial operations.
FIS serves a broad international client base across North America, Europe, Latin America, and the Asia-Pacific region through a combination of direct clients and partner channels.
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