Compass Point Has Lowered Expectations for Fidelity National Information Services (NYSE:FIS) Stock Price

Fidelity National Information Services (NYSE:FIS) had its price objective reduced by research analysts at Compass Point from $90.00 to $81.00 in a note issued to investors on Tuesday,Fidelity reports. The brokerage presently has a “buy” rating on the information technology services provider’s stock. Compass Point’s price target would suggest a potential upside of 27.72% from the company’s previous close.

Other analysts also recently issued reports about the company. Royal Bank Of Canada cut their price objective on Fidelity National Information Services from $93.00 to $86.00 and set an “outperform” rating for the company in a research report on Thursday, November 6th. Jefferies Financial Group lowered their price objective on shares of Fidelity National Information Services from $75.00 to $70.00 and set a “hold” rating for the company in a research report on Tuesday, October 14th. Citigroup raised Fidelity National Information Services to a “hold” rating in a research report on Thursday, October 23rd. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $70.00 price objective on shares of Fidelity National Information Services in a research note on Thursday. Finally, UBS Group increased their target price on Fidelity National Information Services from $82.00 to $83.00 and gave the stock a “buy” rating in a research note on Thursday, November 6th. Eleven research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Fidelity National Information Services currently has an average rating of “Moderate Buy” and an average price target of $81.71.

Fidelity National Information Services Trading Down 0.9%

Shares of NYSE FIS traded down $0.56 during midday trading on Tuesday, reaching $63.42. 3,397,555 shares of the stock were exchanged, compared to its average volume of 2,792,153. The stock has a market capitalization of $32.84 billion, a P/E ratio of 234.89 and a beta of 0.93. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.53 and a current ratio of 0.53. The company has a 50 day simple moving average of $65.83 and a 200 day simple moving average of $69.31. Fidelity National Information Services has a twelve month low of $59.51 and a twelve month high of $83.97.

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

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. NewSquare Capital LLC lifted its position in Fidelity National Information Services by 115.1% during the 2nd quarter. NewSquare Capital LLC now owns 357 shares of the information technology services provider’s stock worth $29,000 after acquiring an additional 191 shares during the period. Root Financial Partners LLC purchased a new stake in shares of Fidelity National Information Services during the 3rd quarter worth $29,000. LRI Investments LLC increased its holdings in shares of Fidelity National Information Services by 613.1% in the 3rd quarter. LRI Investments LLC now owns 435 shares of the information technology services provider’s stock valued at $29,000 after purchasing an additional 374 shares in the last quarter. Raiffeisen Bank International AG acquired a new stake in shares of Fidelity National Information Services in the third quarter valued at about $29,000. Finally, GoalVest Advisory LLC purchased a new stake in Fidelity National Information Services during the fourth quarter worth about $33,000. 96.23% of the stock is 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.