Key Points
- Director Jeffrey Goldstein bought 1,585 FIS shares at an average price of $36.40, investing approximately $57,694 and increasing his holdings by 9.26% to 18,697 shares. The purchase was made under a pre-arranged Rule 10b5-1 trading plan.
- FIS reported quarterly revenue of $3.38 billion and adjusted earnings of $1.48 per share, narrowly exceeding estimates, while revenue increased 29.1% year over year. The company also pays a $0.44 quarterly dividend, yielding about 4.9% annually.
- Analyst sentiment remains mixed: the stock carries a consensus Hold rating with a $49.28 price target, despite several recent target cuts. Shares were trading near $35.95, well below the one-year high of $68.98.
Fidelity National Information Services, Inc. (NYSE:FIS - Get Free Report) Director Jeffrey Goldstein bought 1,585 shares of the firm's stock in a transaction that occurred on Thursday, October 15th. The stock was purchased at an average price of $36.40 per share, with a total value of $57,694.00. Following the completion of the purchase, the director owned 18,697 shares in the company, valued at approximately $680,570.80. This trade represents a 9.26% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Fidelity National Information Services Stock Performance
NYSE FIS traded down $0.18 during mid-day trading on Friday, reaching $35.95. 4,705,609 shares of the stock were exchanged, compared to its average volume of 6,656,548. The company has a market capitalization of $18.58 billion, a P/E ratio of 5.52, a P/E/G ratio of 0.38 and a beta of 0.81. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.53 and a current ratio of 0.53. The business's 50 day moving average is $37.99 and its 200-day moving average is $41.26. Fidelity National Information Services, Inc. has a 1 year low of $32.10 and a 1 year high of $68.98.
Fidelity National Information Services (NYSE:FIS - Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The information technology services provider reported $1.48 EPS for the quarter, beating the consensus estimate of $1.47 by $0.01. Fidelity National Information Services had a net margin of 27.64% and a return on equity of 20.95%. The company had revenue of $3.38 billion for the quarter, compared to analyst estimates of $3.38 billion. During the same quarter last year, the business earned $1.36 earnings per share. The firm's revenue was up 29.1% on a year-over-year basis. 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. On average, equities research analysts forecast that Fidelity National Information Services, Inc. will post 6.20 EPS for the current fiscal year.
Fidelity National Information Services Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Friday, September 11th were paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 4.9%. The ex-dividend date of this dividend was Friday, September 11th. Fidelity National Information Services's dividend payout ratio is presently 27.04%.
Wall Street Analyst Weigh In
Several brokerages recently weighed in on FIS. The Goldman Sachs Group cut their price target on Fidelity National Information Services from $52.00 to $44.00 and set a "buy" rating for the company in a research note on Tuesday. Bank of America assumed coverage on Fidelity National Information Services in a report on Thursday. They issued a "buy" rating and a $42.00 price target for the company. Susquehanna lowered their price target on Fidelity National Information Services from $46.00 to $37.00 and set a "neutral" rating on the stock in a research report on Tuesday. Wells Fargo & Company reissued an "equal weight" rating and issued a $46.00 price objective (down from $58.00) on shares of Fidelity National Information Services in a report on Tuesday, August 25th. Finally, UBS Group reissued a "neutral" rating on shares of Fidelity National Information Services in a report on Monday, September 21st. Eleven research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $49.28.
Check Out Our Latest Research Report on Fidelity National Information Services
Institutional Trading of Fidelity National Information Services
Several institutional investors have recently modified their holdings of FIS. MBM Wealth Consultants LLC acquired a new stake in shares of Fidelity National Information Services in the first quarter valued at about $33,000. Reflection Asset Management acquired a new position in shares of Fidelity National Information Services during the 4th quarter worth about $34,000. Pension & Wealth Management Advisors Inc. acquired a new position in shares of Fidelity National Information Services during the 3rd quarter worth about $35,000. Bank & Trust Co purchased a new position in Fidelity National Information Services in the 3rd quarter valued at about $51,000. Finally, N.E.W. Advisory Services LLC purchased a new position in Fidelity National Information Services in the 2nd quarter valued at about $58,000. Institutional investors and hedge funds own 96.23% of the company's stock.
More Fidelity National Information Services News
Here are the key news stories impacting Fidelity National Information Services this week:
- Positive Sentiment: Bank of America initiated coverage with a Buy rating and a $42 price target, implying potential upside and adding a bullish institutional view. Bank of America coverage details
- Positive Sentiment: FIS and Anthropic made the FIS AML Investigations Agent commercially available to U.S. banks. The AI tool is designed to help financial institutions manage money-laundering investigations, potentially creating a new growth opportunity and strengthening FIS’s competitive position in banking technology. FIS and Anthropic launch AML investigations agent
- Positive Sentiment: A Zacks analysis cited rising free cash flow, expanding margins and acquisition synergies as possible catalysts for a rebound after the stock’s steep decline. Zacks FIS rebound analysis
- Neutral Sentiment: Cantor Fitzgerald lowered its target from $50 to $45 but maintained an Overweight rating, while Citigroup cut its target from $45 to $39 and moved to Neutral. The revisions reduce expectations but still leave analysts’ targets above the current trading level.
- Negative Sentiment: Susquehanna also reduced its price target, to $37. The cluster of target cuts suggests analysts remain cautious about FIS’s near-term earnings outlook and valuation, contributing to pressure on the shares. Susquehanna cuts FIS price target
About Fidelity National Information Services
(
Get Free Report)
Fidelity National Information Services, Inc (NYSE:FIS) is a global financial technology company that provides software, payments, and transaction-processing solutions to financial institutions, businesses, and other organizations. Its offerings help clients manage banking operations, digital accounts, payments, risk, compliance, and customer relationships.
FIS provides core processing and digital banking platforms, payment processing and merchant solutions, fraud and security tools, and technology for lending, wealth management, and capital markets.
Further Reading
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