Keefe, Bruyette & Woods Cuts Fidelity National Information Services (NYSE:FIS) Price Target to $85.00

Fidelity National Information Services (NYSE:FIS) had its target price reduced by Keefe, Bruyette & Woods from $88.00 to $85.00 in a research note issued to investors on Wednesday, Marketbeat.com reports. Keefe, Bruyette & Woods currently has an outperform rating on the information technology services provider’s stock.

FIS has been the topic of several other research reports. Susquehanna dropped their price target on Fidelity National Information Services from $81.00 to $77.00 and set a “neutral” rating on the stock in a research report on Friday, September 12th. Robert W. Baird boosted their price target on Fidelity National Information Services from $82.00 to $86.00 and gave the company a “neutral” rating in a research report on Wednesday, July 16th. Truist Financial boosted their target price on Fidelity National Information Services from $84.00 to $85.00 and gave the stock a “hold” rating in a research report on Thursday, July 17th. Finally, UBS Group upgraded Fidelity National Information Services from a “neutral” rating to a “buy” rating and set a $82.00 target price on the stock in a research report on Tuesday. Thirteen research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $91.00.

Fidelity National Information Services Stock Up 0.4%

Shares of NYSE FIS opened at $66.71 on Wednesday. The company has a market capitalization of $34.85 billion, a price-to-earnings ratio of 370.60 and a beta of 1.05. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.59 and a quick ratio of 0.59. The business has a 50-day moving average of $69.73 and a two-hundred day moving average of $75.07. Fidelity National Information Services has a 1 year low of $63.00 and a 1 year high of $91.98.

Fidelity National Information Services (NYSE:FIS) last posted its earnings results on Tuesday, August 5th. The information technology services provider reported $1.36 EPS for the quarter, hitting analysts’ consensus estimates of $1.36. Fidelity National Information Services had a return on equity of 18.73% and a net margin of 1.09%.The business had revenue of $2.62 billion for the quarter, compared to analysts’ expectations of $2.57 billion. During the same quarter in the previous year, the firm earned $1.36 earnings per share. The business’s revenue was up 5.1% compared to the same quarter last year. Fidelity National Information Services has set its Q3 2025 guidance at 1.460-1.500 EPS. FY 2025 guidance at 5.720-5.800 EPS. On average, analysts forecast that Fidelity National Information Services will post 5.74 earnings per share for the current fiscal year.

Fidelity National Information Services Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 24th. Stockholders of record on Wednesday, September 10th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Wednesday, September 10th. This represents a $1.60 annualized dividend and a dividend yield of 2.4%. Fidelity National Information Services’s payout ratio is 888.89%.

Institutional Investors Weigh In On Fidelity National Information Services

A number of institutional investors and hedge funds have recently bought and sold shares of FIS. Norges Bank purchased a new stake in Fidelity National Information Services in the 2nd quarter valued at approximately $624,858,000. Baupost Group LLC MA purchased a new stake in Fidelity National Information Services in the 1st quarter valued at approximately $260,853,000. Nuveen LLC purchased a new stake in Fidelity National Information Services in the 1st quarter valued at approximately $187,514,000. Invesco Ltd. lifted its stake in Fidelity National Information Services by 22.9% in the 1st quarter. Invesco Ltd. now owns 9,304,011 shares of the information technology services provider’s stock valued at $694,824,000 after buying an additional 1,730,878 shares in the last quarter. Finally, Boston Partners lifted its stake in Fidelity National Information Services by 10.5% in the 2nd quarter. Boston Partners now owns 11,820,211 shares of the information technology services provider’s stock valued at $958,537,000 after buying an additional 1,122,181 shares in the last quarter. Hedge funds and other institutional investors own 96.23% of the company’s stock.

About Fidelity National Information Services

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.