Fidelity National Information Services (NYSE:FIS) Shares Gap Down – Here’s What Happened

Fidelity National Information Services, Inc. (NYSE:FIS) gapped down prior to trading on Monday . The stock had previously closed at $66.84, but opened at $64.67. Fidelity National Information Services shares last traded at $65.1180, with a volume of 432,599 shares traded.

Analyst Upgrades and Downgrades

FIS has been the topic of a number of research reports. Truist Financial dropped their price target on Fidelity National Information Services from $72.00 to $70.00 and set a “hold” rating on the stock in a research report on Wednesday, November 19th. Keefe, Bruyette & Woods dropped their target price on Fidelity National Information Services from $88.00 to $85.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 1st. Jefferies Financial Group reduced their price target on shares of Fidelity National Information Services from $75.00 to $70.00 and set a “hold” rating for the company in a report on Tuesday, October 14th. KeyCorp restated a “hold” rating on shares of Fidelity National Information Services in a research report on Wednesday, October 22nd. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Fidelity National Information Services in a research report on Wednesday, October 8th. Eleven research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $84.44.

Fidelity National Information Services Stock Performance

The company’s 50-day moving average price is $65.84 and its two-hundred day moving average price is $69.35. The company has a market cap of $33.11 billion, a P/E ratio of 236.80 and a beta of 0.93. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.64.

Fidelity National Information Services (NYSE:FIS) last released its earnings results on Wednesday, November 5th. The information technology services provider reported $1.51 EPS for the quarter, beating the consensus estimate of $1.48 by $0.03. The business had revenue of $2.72 billion during the quarter, compared to analyst estimates of $2.65 billion. Fidelity National Information Services had a net margin of 1.45% and a return on equity of 19.76%. The business’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period in the prior year, the business earned $1.40 earnings per share. Fidelity National Information Services has set its FY 2025 guidance at 5.740-5.780 EPS. As a group, equities analysts forecast that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current year.

Fidelity National Information Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 23rd. Shareholders of record on Tuesday, December 9th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Tuesday, December 9th. This represents a $1.60 dividend on an annualized basis and a yield of 2.5%. Fidelity National Information Services’s dividend payout ratio is currently 592.59%.

Institutional Investors Weigh In On Fidelity National Information Services

Several hedge funds have recently made changes to their positions in the company. NewSquare Capital LLC lifted its holdings in shares of Fidelity National Information Services by 115.1% in the second quarter. NewSquare Capital LLC now owns 357 shares of the information technology services provider’s stock valued at $29,000 after purchasing an additional 191 shares in the last quarter. Raiffeisen Bank International AG purchased a new position in shares of Fidelity National Information Services during the third quarter valued at $29,000. LRI Investments LLC raised its position in Fidelity National Information Services by 613.1% during the third quarter. LRI Investments LLC now owns 435 shares of the information technology services provider’s stock valued at $29,000 after buying an additional 374 shares during the period. Root Financial Partners LLC purchased a new stake in Fidelity National Information Services in the 3rd quarter worth about $29,000. Finally, GoalVest Advisory LLC acquired a new stake in Fidelity National Information Services during the 4th quarter worth about $33,000. Hedge funds and other institutional investors own 96.23% of the company’s stock.

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.