Royal Bank Of Canada Cuts Fidelity National Information Services (NYSE:FIS) Price Target to $53.00

Fidelity National Information Services (NYSE:FIS) had its price objective reduced by Royal Bank Of Canada from $57.00 to $53.00 in a research note published on Wednesday,Benzinga reports. They currently have an outperform rating on the information technology services provider’s stock.

FIS has been the subject of a number of other research reports. Keefe, Bruyette & Woods reduced their target price on Fidelity National Information Services from $72.00 to $68.00 and set an “outperform” rating for the company in a report on Tuesday, April 7th. Wells Fargo & Company lowered their price target on shares of Fidelity National Information Services from $67.00 to $58.00 and set an “overweight” rating on the stock in a report on Wednesday. TD Cowen reduced their price objective on shares of Fidelity National Information Services from $78.00 to $62.00 and set a “buy” rating for the company in a research note on Tuesday, May 12th. Cantor Fitzgerald decreased their target price on shares of Fidelity National Information Services from $62.00 to $55.00 and set an “overweight” rating on the stock in a report on Monday, May 11th. Finally, Morgan Stanley started coverage on shares of Fidelity National Information Services in a research note on Tuesday, July 7th. They issued an “equal weight” rating and a $47.00 target price on the stock. Twelve investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Fidelity National Information Services currently has an average rating of “Hold” and a consensus price target of $56.55.

Fidelity National Information Services Trading Down 0.1%

NYSE:FIS opened at $42.78 on Wednesday. Fidelity National Information Services has a 1 year low of $37.42 and a 1 year high of $72.91. The stock’s fifty day moving average price is $41.14 and its two-hundred day moving average price is $45.98. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.53 and a quick ratio of 0.59. The company has a market cap of $22.11 billion, a P/E ratio of 6.57, a P/E/G ratio of 0.42 and a beta of 0.77.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings results on Tuesday, August 4th. The information technology services provider reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.01. Fidelity National Information Services had a return on equity of 20.95% and a net margin of 27.64%.The company had revenue of $3.38 billion during the quarter, compared to analysts’ expectations of $3.38 billion. During the same period in the previous year, the business earned $1.36 earnings per share. The firm’s quarterly revenue was up 29.1% compared to the same quarter last year. 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. As a group, analysts expect that Fidelity National Information Services will post 6.2 EPS for the current year.

Fidelity National Information Services Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 11th will be issued a $0.44 dividend. The ex-dividend date is Friday, September 11th. This represents a $1.76 annualized dividend and a dividend yield of 4.1%. Fidelity National Information Services’s dividend payout ratio (DPR) is currently 27.04%.

Institutional Investors Weigh In On Fidelity National Information Services

Large investors have recently added to or reduced their stakes in the company. Salomon & Ludwin LLC lifted its stake in Fidelity National Information Services by 100.5% in the fourth quarter. Salomon & Ludwin LLC now owns 387 shares of the information technology services provider’s stock worth $26,000 after acquiring an additional 194 shares during the period. MBM Wealth Consultants LLC bought a new stake in Fidelity National Information Services in the first quarter valued at $33,000. Thurston Springer Miller Herd & Titak Inc. increased its position in Fidelity National Information Services by 251.4% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 506 shares of the information technology services provider’s stock valued at $34,000 after purchasing an additional 362 shares during the period. Reflection Asset Management bought a new position in Fidelity National Information Services in the 4th quarter worth $34,000. Finally, Kemnay Advisory Services Inc. purchased a new stake in shares of Fidelity National Information Services in the 4th quarter worth about $42,000. Institutional investors own 96.23% of the company’s stock.

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.