Fidelity National Information Services (NYSE:FIS) Given New $81.00 Price Target at Compass Point

Fidelity National Information Services (NYSE:FIS) had its price objective reduced by stock analysts at Compass Point from $90.00 to $81.00 in a research note issued to investors on Tuesday,Fidelity reports. The brokerage currently has a “buy” rating on the information technology services provider’s stock. Compass Point’s target price indicates a potential upside of 27.72% from the company’s current price.

Several other brokerages also recently weighed in on FIS. UBS Group upped their target price on Fidelity National Information Services from $82.00 to $83.00 and gave the stock a “buy” rating in a research note on Thursday, November 6th. 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 on the stock in a research report on Wednesday, October 1st. JPMorgan Chase & Co. reduced their price target on shares of Fidelity National Information Services from $85.00 to $80.00 and set an “overweight” rating for the company in a research report on Thursday, November 6th. KeyCorp reiterated a “hold” rating on shares of Fidelity National Information Services in a report on Wednesday, October 22nd. Finally, Truist Financial decreased their target price on Fidelity National Information Services from $72.00 to $70.00 and set a “hold” rating on the stock in a research report on Wednesday, November 19th. Eleven investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Fidelity National Information Services currently has a consensus rating of “Moderate Buy” and a consensus price target of $81.71.

Fidelity National Information Services Stock Performance

NYSE FIS traded down $0.56 during mid-day trading on Tuesday, reaching $63.42. 3,397,555 shares of the stock were exchanged, compared to its average volume of 2,792,153. Fidelity National Information Services has a 1 year low of $59.51 and a 1 year high of $83.97. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.53 and a current ratio of 0.53. The business’s 50 day moving average is $65.83 and its 200-day moving average is $69.31. The company has a market capitalization of $32.84 billion, a P/E ratio of 234.89 and a beta of 0.93.

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

Institutional Investors Weigh In On Fidelity National Information Services

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Brighton Jones LLC purchased a new stake in shares of Fidelity National Information Services in the 4th quarter valued at approximately $347,000. Geneos Wealth Management Inc. raised its holdings in shares of Fidelity National Information Services by 70.1% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,046 shares of the information technology services provider’s stock valued at $78,000 after purchasing an additional 431 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in Fidelity National Information Services by 9.6% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 2,206 shares of the information technology services provider’s stock worth $180,000 after buying an additional 193 shares during the last quarter. Czech National Bank boosted its holdings in Fidelity National Information Services by 5.6% in the second quarter. Czech National Bank now owns 128,425 shares of the information technology services provider’s stock valued at $10,455,000 after purchasing an additional 6,763 shares in the last quarter. Finally, Aaron Wealth Advisors LLC acquired a new position in shares of Fidelity National Information Services in the 2nd quarter valued at $206,000. Institutional investors and hedge funds own 96.23% of the company’s stock.

Fidelity National Information Services Company Profile

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.