Fidelity National Information Services (NYSE:FIS) Reaches New 12-Month Low Following Analyst Downgrade

Fidelity National Information Services, Inc. (NYSE:FIS) shares reached a new 52-week low on Friday after BNP Paribas Exane lowered their price target on the stock from $47.00 to $40.00. BNP Paribas Exane currently has an underperform rating on the stock. Fidelity National Information Services traded as low as $44.45 and last traded at $44.5390, with a volume of 1997900 shares traded. The stock had previously closed at $45.29.

Several other brokerages have also recently commented on FIS. Wells Fargo & Company reduced their target price on Fidelity National Information Services from $81.00 to $67.00 and set an “overweight” rating on the stock in a report on Wednesday, February 25th. Cantor Fitzgerald initiated coverage on Fidelity National Information Services in a research note on Tuesday, January 27th. They issued an “overweight” rating and a $72.00 price target on the stock. Wolfe Research dropped their price target on Fidelity National Information Services from $90.00 to $70.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 25th. TD Cowen dropped their price target on Fidelity National Information Services from $89.00 to $78.00 and set a “buy” rating on the stock in a research note on Wednesday, February 25th. Finally, Keefe, Bruyette & Woods dropped their price target on Fidelity National Information Services from $72.00 to $68.00 and set an “outperform” rating on the stock in a research note on Tuesday. Fourteen research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $68.95.

Insider Buying and Selling

In related news, Director Jeffrey A. Goldstein purchased 941 shares of the stock in a transaction that occurred on Thursday, January 15th. The stock was acquired at an average cost of $64.11 per share, with a total value of $60,327.51. Following the transaction, the director owned 14,529 shares of the company’s stock, valued at $931,454.19. This represents a 6.93% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Stephanie Ferris purchased 19,846 shares of the business’s stock in a transaction dated Thursday, March 5th. The shares were purchased at an average price of $50.39 per share, with a total value of $1,000,039.94. Following the purchase, the chief executive officer directly owned 281,458 shares in the company, valued at $14,182,668.62. This trade represents a 7.59% increase in their position. The disclosure for this purchase is available in the SEC filing. 0.21% of the stock is owned by corporate insiders.

Institutional Trading of Fidelity National Information Services

A number of hedge funds and other institutional investors have recently bought and sold shares of FIS. Dodge & Cox raised its position in Fidelity National Information Services by 22.2% during the third quarter. Dodge & Cox now owns 43,105,207 shares of the information technology services provider’s stock valued at $2,842,357,000 after purchasing an additional 7,830,710 shares during the period. Norges Bank acquired a new stake in Fidelity National Information Services during the 4th quarter worth about $495,956,000. Balyasny Asset Management L.P. raised its stake in shares of Fidelity National Information Services by 585.9% during the 3rd quarter. Balyasny Asset Management L.P. now owns 2,365,322 shares of the information technology services provider’s stock valued at $155,969,000 after buying an additional 2,852,118 shares during the last quarter. Pinebridge Investments LLC purchased a new position in shares of Fidelity National Information Services during the 4th quarter valued at about $114,799,000. Finally, TOMS Capital Investment Management LP acquired a new stake in Fidelity National Information Services in the 4th quarter worth about $110,589,000. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Fidelity National Information Services Trading Down 1.7%

The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $22.90 billion, a price-to-earnings ratio of 61.03, a PEG ratio of 0.46 and a beta of 0.90. The company has a fifty day moving average of $49.14 and a 200-day moving average of $59.60.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings data on Tuesday, February 24th. The information technology services provider reported $1.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.69 by ($0.01). The firm had revenue of $2.81 billion during the quarter, compared to analyst estimates of $2.74 billion. Fidelity National Information Services had a return on equity of 21.21% and a net margin of 3.58%.The company’s quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.40 earnings per share. Fidelity National Information Services has set its Q1 2026 guidance at 1.260-1.300 EPS and its FY 2026 guidance at 6.220-6.320 EPS. As a group, equities research analysts anticipate that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current fiscal year.

Fidelity National Information Services Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 24th. Stockholders of record on Tuesday, March 10th were paid a $0.44 dividend. The ex-dividend date of this dividend was Tuesday, March 10th. This is a boost from Fidelity National Information Services’s previous quarterly dividend of $0.40. This represents a $1.76 dividend on an annualized basis and a dividend yield of 4.0%. Fidelity National Information Services’s payout ratio is presently 241.10%.

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.