Citigroup Cuts Fidelity National Information Services (NYSE:FIS) Price Target to $45.00

Fidelity National Information Services (NYSE:FIS) had its target price lowered by Citigroup from $48.00 to $45.00 in a research note issued to investors on Wednesday,Benzinga reports. Citigroup currently has a neutral rating on the information technology services provider’s stock.

Other equities analysts have also recently issued reports about the stock. Oppenheimer cut their target price on shares of Fidelity National Information Services from $69.00 to $62.00 in a research note on Friday, May 8th. Truist Financial decreased their price target on shares of Fidelity National Information Services from $45.00 to $43.00 and set a “hold” rating on the stock in a research note on Friday, July 24th. UBS Group restated a “neutral” rating and set a $49.00 price objective (down from $63.00) on shares of Fidelity National Information Services in a research report on Wednesday. Morgan Stanley began coverage on Fidelity National Information Services in a report on Tuesday, July 7th. They issued an “equal weight” rating and a $47.00 target price on the stock. Finally, TD Cowen decreased their target price on Fidelity National Information Services from $78.00 to $62.00 and set a “buy” rating on the stock in a research report on Tuesday, May 12th. Twelve investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Fidelity National Information Services currently has an average rating of “Hold” and an average target price of $56.55.

Fidelity National Information Services Stock Down 0.1%

NYSE FIS opened at $42.78 on Wednesday. Fidelity National Information Services has a 12 month low of $37.42 and a 12 month high of $72.91. The company has a current ratio of 0.53, a quick ratio of 0.59 and a debt-to-equity ratio of 0.96. The stock has a market cap of $22.11 billion, a PE ratio of 6.57, a P/E/G ratio of 0.42 and a beta of 0.77. The stock’s 50 day moving average is $41.14 and its 200 day moving average is $45.98.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings data on Tuesday, August 4th. The information technology services provider reported $1.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.47 by $0.01. The business had revenue of $3.38 billion during the quarter, compared to analyst estimates of $3.38 billion. Fidelity National Information Services had a net margin of 27.64% and a return on equity of 20.95%. The company’s revenue was up 29.1% on a year-over-year basis. During the same period 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. Research analysts predict that Fidelity National Information Services will post 6.2 EPS for the current fiscal year.

Fidelity National Information Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 11th will be given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 4.1%. The ex-dividend date is Friday, September 11th. Fidelity National Information Services’s payout ratio is 27.04%.

Institutional Investors Weigh In On Fidelity National Information Services

Several hedge funds and other institutional investors have recently modified their holdings of FIS. Salomon & Ludwin LLC boosted its holdings in Fidelity National Information Services by 100.5% during the 4th quarter. Salomon & Ludwin LLC now owns 387 shares of the information technology services provider’s stock valued at $26,000 after acquiring an additional 194 shares during the period. MBM Wealth Consultants LLC bought a new position in Fidelity National Information Services in the 1st quarter valued at $33,000. Thurston Springer Miller Herd & Titak Inc. increased its stake in Fidelity National Information Services by 251.4% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 506 shares of the information technology services provider’s stock worth $34,000 after purchasing an additional 362 shares during the period. Reflection Asset Management bought a new stake in shares of Fidelity National Information Services during the fourth quarter worth $34,000. Finally, Kemnay Advisory Services Inc. bought a new stake in shares of Fidelity National Information Services during the fourth quarter worth $42,000. 96.23% of the stock is currently owned by hedge funds and other 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.