Cantor Fitzgerald Cuts Fidelity National Information Services (NYSE:FIS) Price Target to $55.00

Fidelity National Information Services (NYSE:FIS) had its price objective decreased by Cantor Fitzgerald from $62.00 to $55.00 in a report published on Monday morning,Benzinga reports. Cantor Fitzgerald currently has an overweight rating on the information technology services provider’s stock.

Several other equities analysts have also recently commented on FIS. Compass Point decreased their price target on shares of Fidelity National Information Services from $90.00 to $81.00 and set a “buy” rating for the company in a research report on Tuesday, January 13th. Royal Bank Of Canada decreased their price target 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. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $70.00 price target on shares of Fidelity National Information Services in a research report on Thursday, January 15th. TD Cowen decreased their price target on shares of Fidelity National Information Services from $89.00 to $78.00 and set a “buy” rating for the company in a research report on Wednesday, February 25th. Finally, Truist Financial decreased their price target on shares of Fidelity National Information Services from $57.00 to $50.00 and set a “hold” rating for the company in a research report on Friday, April 24th. Thirteen investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $61.71.

Fidelity National Information Services Stock Performance

NYSE:FIS opened at $42.61 on Monday. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.59 and a current ratio of 0.59. The stock has a market capitalization of $22.02 billion, a P/E ratio of 8.26, a PEG ratio of 0.42 and a beta of 0.82. The company has a 50 day moving average price of $47.47 and a 200 day moving average price of $56.34. Fidelity National Information Services has a fifty-two week low of $41.63 and a fifty-two week high of $82.74.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings data 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 firm had revenue of $3.30 billion during the quarter, compared to analysts’ expectations of $3.28 billion. During the same quarter last year, the company posted $1.21 EPS. The firm’s quarterly 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. Equities research analysts forecast that Fidelity National Information Services will post 6.28 EPS for the current year.

Fidelity National Information Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Thursday, June 11th will be issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date is Thursday, June 11th. Fidelity National Information Services’s dividend payout ratio (DPR) is presently 34.11%.

Insider Buying and Selling at Fidelity National Information Services

In other news, CEO Stephanie Ferris acquired 19,846 shares of Fidelity National Information Services stock in a transaction dated Thursday, March 5th. The shares were acquired at an average cost of $50.39 per share, for a total transaction of $1,000,039.94. Following the acquisition, the chief executive officer owned 281,458 shares of the company’s stock, valued at $14,182,668.62. This trade represents a 7.59% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.28% of the company’s stock.

Institutional Investors Weigh In On Fidelity National Information Services

A number of hedge funds and other institutional investors have recently modified their holdings of FIS. Brighton Jones LLC acquired a new stake in shares of Fidelity National Information Services in the 4th quarter valued at $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. Sivia Capital Partners LLC acquired a new stake in shares of Fidelity National Information Services in the 2nd quarter valued at $302,000. Marshall Wace LLP acquired a new stake in shares of Fidelity National Information Services in the 2nd quarter valued at $4,896,000. Finally, Cresset Asset Management LLC raised its holdings in shares of Fidelity National Information Services by 20.5% in the 2nd quarter. Cresset Asset Management LLC now owns 5,290 shares of the information technology services provider’s stock valued at $431,000 after purchasing an additional 901 shares in the last quarter. 96.23% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Fidelity National Information Services

Here are the key news stories impacting Fidelity National Information Services this week:

• Positive Sentiment: FIS will present at the J.P. Morgan 54th Annual Global Technology, Media and Communications Conference on May 19, which could help management reinforce the company’s outlook and keep investors engaged. FIS to Present at Upcoming Conference
• Neutral Sentiment: Cantor Fitzgerald initiated a new $55 price target on FIS, implying upside from current levels but offering no major change in the overall thesis. Fidelity National Information Services Given New $55.00 Price Target at Cantor Fitzgerald
• Neutral Sentiment: Deutsche Bank cut its price target on FIS from $55 to $50, reflecting a more cautious view, though it still sees some upside versus the recent trading level. Fidelity
• Negative Sentiment: TD Cowen lowered its price target on FIS from $78 to $62, a meaningful reduction that likely weighed on shares despite the firm maintaining a buy rating. Fidelity
• Negative Sentiment: A separate report said TD Cowen also lowered its FIS target to $62, reinforcing the view that analysts are becoming less optimistic on the stock’s near-term valuation. Fidelity National Information Services (NYSE:FIS) Price Target Lowered to $62.00 at TD Cowen

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.