Fidelity National Information Services (NYSE:FIS) Coverage Initiated at Barclays

Research analysts at Barclays started coverage on shares of Fidelity National Information Services (NYSE:FISGet Free Report) in a report issued on Wednesday,Benzinga reports. The brokerage set an “equal weight” rating on the information technology services provider’s stock.

Several other research firms have also recently weighed in on FIS. Royal Bank Of Canada dropped their price objective on shares of Fidelity National Information Services from $69.00 to $57.00 and set an “outperform” rating for the company in a research report on Friday, May 8th. TD Cowen lowered their target price on Fidelity National Information Services from $78.00 to $62.00 and set a “buy” rating for the company in a research note on Tuesday, May 12th. Weiss Ratings upgraded Fidelity National Information Services from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, May 11th. UBS Group decreased their price target on Fidelity National Information Services from $73.00 to $63.00 and set a “buy” rating on the stock in a report on Monday, May 11th. Finally, Keefe, Bruyette & Woods dropped their price objective on Fidelity National Information Services from $72.00 to $68.00 and set an “outperform” rating for the company in a report on Tuesday, April 7th. Thirteen investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $60.68.

Get Our Latest Stock Report on Fidelity National Information Services

Fidelity National Information Services Stock Up 3.3%

Shares of NYSE:FIS opened at $42.61 on Wednesday. Fidelity National Information Services has a 12 month low of $37.42 and a 12 month high of $82.62. The company’s 50-day moving average price is $41.70 and its two-hundred day moving average price is $49.65. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 1.05. The firm has a market cap of $22.03 billion, a P/E ratio of 8.26, a P/E/G ratio of 0.40 and a beta of 0.80.

Fidelity National Information Services (NYSE:FISGet Free Report) last announced its earnings results on Friday, May 8th. The information technology services provider reported $1.36 earnings per share for the quarter, topping analysts’ consensus estimates of $1.28 by $0.08. Fidelity National Information Services had a net margin of 23.35% and a return on equity of 21.30%. The company had revenue of $3.29 billion during the quarter, compared to the consensus estimate of $3.28 billion. During the same period in the previous year, the firm posted $1.21 earnings per share. The company’s revenue was up 30.1% on a year-over-year basis. 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, research analysts forecast that Fidelity National Information Services will post 6.28 EPS for the current fiscal year.

Institutional Trading of Fidelity National Information Services

Several hedge funds have recently added to or reduced their stakes in FIS. Salomon & Ludwin LLC boosted its holdings in shares of Fidelity National Information Services by 100.5% in the fourth quarter. Salomon & Ludwin LLC now owns 387 shares of the information technology services provider’s stock valued at $26,000 after buying an additional 194 shares during the period. GoalVest Advisory LLC acquired a new position in Fidelity National Information Services in the 4th quarter worth $33,000. MBM Wealth Consultants LLC bought a new position in Fidelity National Information Services during the 1st quarter worth about $33,000. Thurston Springer Miller Herd & Titak Inc. increased its holdings in Fidelity National Information Services by 251.4% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 506 shares of the information technology services provider’s stock worth $34,000 after purchasing an additional 362 shares in the last quarter. Finally, Reflection Asset Management acquired a new stake in shares of Fidelity National Information Services in the 4th quarter valued at about $34,000. Institutional investors and hedge funds own 96.23% of the company’s stock.

Fidelity National Information Services Company Profile

(Get Free Report)

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.

Recommended Stories

Analyst Recommendations for Fidelity National Information Services (NYSE:FIS)

Receive News & Ratings for Fidelity National Information Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fidelity National Information Services and related companies with MarketBeat.com's FREE daily email newsletter.