[ad_1]
Fidelity National Information Services (NYSE:FIS – Get Free Report) had its price objective reduced by Keefe, Bruyette & Woods from $88.00 to $85.00 in a research report issued to clients and investors on Wednesday, Marketbeat reports. The brokerage currently has an “outperform” rating on the information technology services provider’s stock. Keefe, Bruyette & Woods’ price target indicates a potential upside of 27.93% from the stock’s previous close.
Other equities research analysts have also issued reports about the stock. Susquehanna dropped their target price on shares of Fidelity National Information Services from $81.00 to $77.00 and set a “neutral” rating for the company in a research report on Friday, September 12th. UBS Group upgraded shares of Fidelity National Information Services from a “neutral” rating to a “buy” rating and set a $82.00 target price for the company in a research report on Tuesday. Robert W. Baird lifted their target price on shares of Fidelity National Information Services from $82.00 to $86.00 and gave the company a “neutral” rating in a research report on Wednesday, July 16th. Finally, Truist Financial lifted their target price on shares of Fidelity National Information Services from $84.00 to $85.00 and gave the company a “hold” rating in a research report on Thursday, July 17th. Thirteen research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Fidelity National Information Services has a consensus rating of “Moderate Buy” and a consensus target price of $91.00.
View Our Latest Stock Analysis on FIS
Fidelity National Information Services Price Performance
Shares of NYSE:FIS opened at $66.44 on Wednesday. The company has a 50 day moving average of $70.04 and a 200 day moving average of $75.11. The stock has a market cap of $34.71 billion, a P/E ratio of 369.13 and a beta of 1.05. Fidelity National Information Services has a 12 month low of $63.00 and a 12 month high of $91.98. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.63.
Fidelity National Information Services (NYSE:FIS – Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The information technology services provider reported $1.36 EPS for the quarter, meeting the consensus estimate of $1.36. The company had revenue of $2.62 billion during the quarter, compared to analysts’ expectations of $2.57 billion. Fidelity National Information Services had a net margin of 1.09% and a return on equity of 18.73%. Fidelity National Information Services’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.36 earnings per share. Fidelity National Information Services has set its Q3 2025 guidance at 1.460-1.500 EPS. FY 2025 guidance at 5.720-5.800 EPS. As a group, sell-side analysts forecast that Fidelity National Information Services will post 5.74 EPS for the current fiscal year.
Institutional Investors Weigh In On Fidelity National Information Services
Hedge funds have recently made changes to their positions in the business. Sierra Ocean LLC lifted its holdings in shares of Fidelity National Information Services by 356.0% in the 1st quarter. Sierra Ocean LLC now owns 342 shares of the information technology services provider’s stock worth $26,000 after acquiring an additional 267 shares during the last quarter. Meeder Asset Management Inc. raised its holdings in Fidelity National Information Services by 92.1% during the 1st quarter. Meeder Asset Management Inc. now owns 342 shares of the information technology services provider’s stock valued at $26,000 after buying an additional 164 shares during the last quarter. YANKCOM Partnership raised its holdings in Fidelity National Information Services by 118.8% during the 1st quarter. YANKCOM Partnership now owns 350 shares of the information technology services provider’s stock valued at $26,000 after buying an additional 190 shares during the last quarter. NewSquare Capital LLC raised its holdings 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 valued at $29,000 after buying an additional 191 shares during the last quarter. Finally, Hazlett Burt & Watson Inc. raised its holdings in Fidelity National Information Services by 179.9% during the 1st quarter. Hazlett Burt & Watson Inc. now owns 389 shares of the information technology services provider’s stock valued at $29,000 after buying an additional 250 shares during the last quarter. 96.23% of the stock is currently owned by institutional investors.
Fidelity National Information Services Company Profile
Fidelity National Information Services, Inc engages in the provision of financial services technology solutions for financial institutions, businesses, and developers worldwide. It operates through Banking Solutions, Capital Market Solutions, and Corporate and Other segments. The company provides core processing and ancillary applications; mobile and online banking; fraud, risk management, and compliance; card and retail payment; electronic funds transfer and network; wealth and retirement; and item processing and output solutions.
See Also
Receive News & Ratings for Fidelity National Information Services Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Fidelity National Information Services and related companies with MarketBeat.com’s FREE daily email newsletter.
[ad_2]
Source link