UBS Group Lowers Fidelity National Information Services (NYSE:FIS) Price Target to $63.00

Fidelity National Information Services (NYSE:FIS) had its price target decreased by investment analysts at UBS Group from $73.00 to $63.00 in a report released on Monday,Fidelity reports. The firm currently has a “buy” rating on the information technology services provider’s stock. UBS Group’s price objective points to a potential upside of 46.04% from the company’s previous close.

Several other equities analysts have also commented on the stock. Keefe, Bruyette & Woods reduced their target price on shares of Fidelity National Information Services from $72.00 to $68.00 and set an “outperform” rating on the stock in a report on Tuesday, April 7th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $70.00 price objective on shares of Fidelity National Information Services in a research note on Thursday, January 15th. Susquehanna lowered their target price on Fidelity National Information Services from $69.00 to $55.00 and set a “neutral” rating for the company in a research note on Wednesday, February 25th. Wall Street Zen upgraded Fidelity National Information Services from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Royal Bank Of Canada decreased their price objective on Fidelity National Information Services from $69.00 to $57.00 and set an “outperform” rating for the company in a report on Friday. Thirteen equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $63.43.

Fidelity National Information Services Stock Performance

Shares of FIS opened at $43.14 on Monday. Fidelity National Information Services has a 12-month low of $43.28 and a 12-month high of $82.74. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 1.05. The company has a market cap of $22.30 billion, a PE ratio of 8.39, a price-to-earnings-growth ratio of 0.43 and a beta of 0.82. The stock has a 50-day moving average price of $48.06 and a 200-day moving average price of $57.04.

Fidelity National Information Services (NYSE:FIS) last announced its earnings results on Friday, May 8th. The information technology services provider reported $1.36 earnings per share for the quarter, beating analysts’ consensus estimates of $1.28 by $0.08. The business had revenue of $3.30 billion for the quarter, compared to the consensus estimate of $3.28 billion. Fidelity National Information Services had a net margin of 23.35% and a return on equity of 21.30%. Fidelity National Information Services’s quarterly revenue was up 30.1% on a year-over-year basis. During the same period last year, the firm posted $1.21 earnings per share. 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, equities analysts forecast that Fidelity National Information Services will post 6.28 earnings per share for the current fiscal year.

Insider Transactions at Fidelity National Information Services

In other news, CEO Stephanie Ferris purchased 19,846 shares of the company’s stock in a transaction dated Thursday, March 5th. The shares were purchased at an average cost of $50.39 per share, for a total transaction of $1,000,039.94. Following the purchase, the chief executive officer directly owned 281,458 shares in the company, valued at approximately $14,182,668.62. This represents a 7.59% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.21% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Dodge & Cox raised its holdings in Fidelity National Information Services by 22.2% in the 3rd quarter. Dodge & Cox now owns 43,105,207 shares of the information technology services provider’s stock worth $2,842,357,000 after purchasing an additional 7,830,710 shares during the period. Norges Bank purchased a new stake in Fidelity National Information Services in the fourth quarter worth about $495,956,000. Balyasny Asset Management L.P. raised its stake in shares of Fidelity National Information Services by 585.9% in the third quarter. Balyasny Asset Management L.P. now owns 2,365,322 shares of the information technology services provider’s stock worth $155,969,000 after buying an additional 2,852,118 shares during the period. Pinebridge Investments LLC purchased a new stake in Fidelity National Information Services in the 4th quarter worth approximately $114,799,000. Finally, TOMS Capital Investment Management LP purchased a new stake in shares of Fidelity National Information Services in the fourth quarter worth $110,589,000. 96.23% of the stock is currently owned by institutional investors.

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.