Fidelity National Information Services (NYSE:FIS) Raised to Hold at Piper Sandler

Fidelity National Information Services (NYSE:FIS) was upgraded by equities researchers at Piper Sandler to a “hold” rating in a research note issued on Thursday, Zacks reports.

FIS has been the topic of a number of other reports. Wolfe Research raised their target price on shares of Fidelity National Information Services from $53.00 to $54.00 and gave the company an “outperform” rating in a research note on Tuesday, August 25th. Citigroup cut their price target on shares of Fidelity National Information Services from $48.00 to $45.00 and set a “neutral” rating for the company in a research note on Wednesday, August 5th. Keefe, Bruyette & Woods decreased their price target on shares of Fidelity National Information Services from $60.00 to $56.00 and set an “outperform” rating on the stock in a report on Wednesday, August 5th. Wall Street Zen cut shares of Fidelity National Information Services from a “buy” rating to a “hold” rating in a research report on Sunday, May 17th. Finally, Stephens reaffirmed an “equal weight” rating and set a $50.00 price objective on shares of Fidelity National Information Services in a report on Tuesday, August 11th. Ten research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Fidelity National Information Services has a consensus rating of “Hold” and an average price target of $53.46.

Fidelity National Information Services Price Performance

Fidelity National Information Services stock opened at $38.16 on Thursday. The stock has a market cap of $19.72 billion, a price-to-earnings ratio of 5.86, a PEG ratio of 0.40 and a beta of 0.79. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.96. The business has a 50-day simple moving average of $41.86 and a 200 day simple moving average of $43.83. Fidelity National Information Services has a 52 week low of $37.42 and a 52 week high of $69.14.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings results on Tuesday, August 4th. The information technology services provider reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.01. The firm had revenue of $3.38 billion for the quarter, compared to analysts’ expectations of $3.38 billion. Fidelity National Information Services had a return on equity of 20.95% and a net margin of 27.64%.The company’s revenue was up 29.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.36 EPS. 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. On average, research analysts forecast that Fidelity National Information Services will post 6.19 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Fidelity National Information Services

Hedge funds have recently made changes to their positions in the business. MBM Wealth Consultants LLC bought a new position in shares of Fidelity National Information Services during the 1st quarter valued at $33,000. Reflection Asset Management purchased a new position in Fidelity National Information Services in the 4th quarter worth $34,000. Kemnay Advisory Services Inc. bought a new stake in Fidelity National Information Services in the fourth quarter worth $42,000. DV Equities LLC bought a new stake in Fidelity National Information Services in the fourth quarter worth $48,000. Finally, Hantz Financial Services Inc. boosted its position in Fidelity National Information Services by 254.5% during the fourth quarter. Hantz Financial Services Inc. now owns 833 shares of the information technology services provider’s stock valued at $55,000 after buying an additional 598 shares during the period. 96.23% of the stock is currently owned by institutional investors.

About Fidelity National Information Services

Fidelity National Information Services, Inc (NYSE:FIS) is a global financial technology company that provides software, services and technology solutions to banks, credit unions, wealth management firms, capital markets institutions and other financial organizations. Its offerings support core banking, digital banking, payments processing, fraud prevention, risk management, compliance, data analytics and customer engagement.

FIS provides platforms for account processing, transaction processing, lending, treasury management, card and payment operations, and investment management.