BNP Paribas Exane Issues Pessimistic Forecast for Fidelity National Information Services (NYSE:FIS) Stock Price

Fidelity National Information Services (NYSE:FIS) had its price objective lowered by investment analysts at BNP Paribas Exane from $60.00 to $55.00 in a research report issued on Tuesday,Fidelity reports. The brokerage currently has an “underperform” rating on the information technology services provider’s stock. BNP Paribas Exane’s target price would indicate a potential downside of 10.49% from the company’s current price.

Several other research firms have also recently weighed in on FIS. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $70.00 price target on shares of Fidelity National Information Services in a report on Thursday, January 15th. Keefe, Bruyette & Woods dropped their target price on shares of Fidelity National Information Services from $88.00 to $85.00 and set an “outperform” rating for the company in a research report on Wednesday, October 1st. Truist Financial cut their price target on shares of Fidelity National Information Services from $72.00 to $70.00 and set a “hold” rating for the company in a research note on Wednesday, November 19th. Wells Fargo & Company assumed coverage on shares of Fidelity National Information Services in a research report on Wednesday, October 22nd. They set an “overweight” rating and a $81.00 price objective on the stock. Finally, Jefferies Financial Group cut their target price on shares of Fidelity National Information Services from $75.00 to $70.00 and set a “hold” rating for the company in a research report on Tuesday, October 14th. Eleven analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $79.94.

Fidelity National Information Services Price Performance

Shares of FIS stock traded up $1.38 during trading hours on Tuesday, reaching $61.45. The stock had a trading volume of 356,664 shares, compared to its average volume of 2,744,249. The stock’s fifty day simple moving average is $65.61 and its 200 day simple moving average is $68.69. The firm has a market capitalization of $31.82 billion, a PE ratio of 227.69, a PEG ratio of 0.94 and a beta of 0.93. Fidelity National Information Services has a 12 month low of $59.51 and a 12 month high of $83.97. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.64.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings results on Wednesday, November 5th. The information technology services provider reported $1.51 EPS for the quarter, beating the consensus estimate of $1.48 by $0.03. The firm had revenue of $2.72 billion during the quarter, compared to the consensus estimate of $2.65 billion. Fidelity National Information Services had a net margin of 1.45% and a return on equity of 19.76%. The business’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period last year, the firm earned $1.40 EPS. Fidelity National Information Services has set its FY 2025 guidance at 5.740-5.780 EPS. On average, equities research analysts predict that Fidelity National Information Services will post 5.74 EPS for the current year.

Insiders Place Their Bets

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein purchased 941 shares of the business’s stock in a transaction on Thursday, January 15th. The stock was acquired at an average cost of $64.11 per share, for a total transaction of $60,327.51. Following the completion of the transaction, the director directly owned 14,529 shares in the company, valued at approximately $931,454.19. This represents a 6.93% increase in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.21% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Fidelity National Information Services

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Dodge & Cox lifted its stake in Fidelity National Information Services by 22.2% in the third quarter. Dodge & Cox now owns 43,105,207 shares of the information technology services provider’s stock worth $2,842,357,000 after acquiring an additional 7,830,710 shares during the period. Norges Bank purchased a new stake in shares of Fidelity National Information Services in the 2nd quarter worth about $624,858,000. Balyasny Asset Management L.P. boosted its stake in shares of Fidelity National Information Services by 585.9% during the 3rd quarter. Balyasny Asset Management L.P. now owns 2,365,322 shares of the information technology services provider’s stock valued at $155,969,000 after purchasing an additional 2,852,118 shares in the last quarter. Mizuho Markets Americas LLC grew its holdings in shares of Fidelity National Information Services by 49.1% during the 3rd quarter. Mizuho Markets Americas LLC now owns 4,609,169 shares of the information technology services provider’s stock worth $303,929,000 after acquiring an additional 1,518,200 shares during the period. Finally, Boston Partners grew its stake in Fidelity National Information Services by 10.5% in the second quarter. Boston Partners now owns 11,820,211 shares of the information technology services provider’s stock worth $958,537,000 after purchasing an additional 1,122,181 shares during the period. Institutional investors own 96.23% of the company’s stock.

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.