Fidelity National Information Services (NYSE:FIS – Free Report) had its price objective boosted by Wolfe Research from $53.00 to $54.00 in a report issued on Tuesday,Benzinga reports. Wolfe Research currently has an outperform rating on the information technology services provider’s stock.
A number of other equities research analysts also recently issued reports on the company. TD Cowen reduced their price target on Fidelity National Information Services from $62.00 to $58.00 and set a “buy” rating on the stock in a research report on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft dropped their price objective on Fidelity National Information Services from $55.00 to $50.00 in a report on Monday, May 11th. Royal Bank Of Canada cut their target price on Fidelity National Information Services from $57.00 to $53.00 and set an “outperform” rating for the company in a research report on Wednesday, August 5th. The Goldman Sachs Group reduced their target price on Fidelity National Information Services from $65.00 to $57.00 and set a “buy” rating on the stock in a report on Monday, May 11th. Finally, BNP Paribas Exane decreased their price target on Fidelity National Information Services from $40.00 to $37.00 and set an “underperform” rating on the stock in a research report on Thursday, May 14th. Ten investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $53.96.
Read Our Latest Analysis on FIS
Fidelity National Information Services Stock Performance
Fidelity National Information Services (NYSE:FIS – Get Free Report) last announced its 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. Fidelity National Information Services had a net margin of 27.64% and a return on equity of 20.95%. The company had revenue of $3.38 billion for the quarter, compared to analysts’ expectations of $3.38 billion. During the same period last year, the firm earned $1.36 earnings per share. The business’s revenue for the quarter was up 29.1% on a year-over-year basis. 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. Analysts anticipate that Fidelity National Information Services will post 6.19 earnings per share for the current year.
Fidelity National Information Services Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 11th will be paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend is Friday, September 11th. Fidelity National Information Services’s dividend payout ratio (DPR) is 27.04%.
Institutional Investors Weigh In On Fidelity National Information Services
Several institutional investors and hedge funds have recently added to or reduced their stakes in FIS. Brighton Jones LLC bought a new stake in shares of Fidelity National Information Services during the 4th quarter worth $347,000. Geneos Wealth Management Inc. boosted its position in Fidelity National Information Services by 70.1% in the first quarter. Geneos Wealth Management Inc. now owns 1,046 shares of the information technology services provider’s stock valued at $78,000 after buying an additional 431 shares in the last quarter. Sivia Capital Partners LLC acquired a new stake in Fidelity National Information Services in the second quarter valued at approximately $302,000. Marshall Wace LLP bought a new stake in shares of Fidelity National Information Services during the second quarter worth $4,896,000. Finally, Cresset Asset Management LLC increased its holdings in shares of Fidelity National Information Services by 20.5% during the second quarter. Cresset Asset Management LLC now owns 5,290 shares of the information technology services provider’s stock worth $431,000 after buying an additional 901 shares in the last quarter. 96.23% of the stock is currently owned by 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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