Fidelity National Information Services (NYSE:FIS) Price Target Cut to $55.00 by Analysts at BNP Paribas Exane

Fidelity National Information Services (NYSE:FIS) had its price objective reduced by research analysts at BNP Paribas Exane from $60.00 to $55.00 in a research note issued to investors on Tuesday,Fidelity reports. The brokerage presently has an “underperform” rating on the information technology services provider’s stock. BNP Paribas Exane’s target price would suggest a potential downside of 10.49% from the stock’s previous close.

Several other research firms have also issued reports on FIS. Citigroup raised shares of Fidelity National Information Services to a “hold” rating in a report on Thursday, October 23rd. Jefferies Financial Group dropped 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 research report on Tuesday, October 14th. Keefe, Bruyette & Woods decreased their price objective on shares of 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. Weiss Ratings restated a “sell (d)” rating on shares of Fidelity National Information Services in a research note on Wednesday, October 8th. Finally, Stephens dropped their target price on shares of Fidelity National Information Services from $90.00 to $85.00 and set an “overweight” rating for the company in a report on Friday, January 16th. Eleven investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $79.94.

Fidelity National Information Services Stock Performance

NYSE FIS traded up $1.38 during trading hours on Tuesday, hitting $61.45. The company’s stock had a trading volume of 356,664 shares, compared to its average volume of 2,744,249. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.53 and a quick ratio of 0.53. The company has a market cap of $31.82 billion, a P/E ratio of 227.69, a price-to-earnings-growth ratio of 0.94 and a beta of 0.93. The company’s 50 day simple moving average is $65.61 and its two-hundred day simple moving average is $68.69. Fidelity National Information Services has a 12 month low of $59.51 and a 12 month high of $83.97.

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

Insider Buying and Selling

In related news, Director Jeffrey A. Goldstein acquired 941 shares of the company’s stock in a transaction on Thursday, January 15th. The stock was acquired at an average price of $64.11 per share, with a total value of $60,327.51. Following the acquisition, the director directly owned 14,529 shares of the company’s stock, valued at approximately $931,454.19. This trade represents a 6.93% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. 0.21% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Fidelity National Information Services

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Hilltop National Bank bought a new stake in shares of Fidelity National Information Services in the 2nd quarter worth about $1,616,000. Norges Bank purchased a new position in Fidelity National Information Services in the second quarter worth about $624,858,000. Brighton Jones LLC bought a new stake in Fidelity National Information Services during the fourth quarter worth approximately $347,000. Truist Financial Corp raised its position in Fidelity National Information Services by 6.6% during the second quarter. Truist Financial Corp now owns 74,869 shares of the information technology services provider’s stock valued at $6,095,000 after purchasing an additional 4,619 shares during the period. Finally, Vise Technologies Inc. bought a new stake in shares of Fidelity National Information Services in the 2nd quarter valued at approximately $3,581,000. 96.23% of the stock is owned by institutional investors.

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.