Fidelity National Information Services (NYSE: FIS) has seen its price target reduced from $60.00 to $55.00 by analysts at BNP Paribas Exane. The change, noted in a research report issued to investors, reflects the brokerage’s current “underperform” rating on the company’s stock. This new target suggests a potential downside of approximately 10.49% from the stock’s previous closing price.
Several other financial institutions have also shared their perspectives on Fidelity National Information Services. Citigroup recently upgraded the stock to a “hold” rating in a report dated October 23, 2024. Meanwhile, Jefferies Financial Group lowered its price target from $75.00 to $70.00 and maintained a “hold” rating on October 14, 2024. Additionally, Keefe, Bruyette & Woods adjusted their target from $88.00 to $85.00, indicating an “outperform” rating as of October 1, 2024. Weiss Ratings reiterated a “sell (d)” rating, while Stephens reduced their target price from $90.00 to $85.00 on January 16, 2025.
Analysts have varied opinions on the stock, with eleven rating it as a Buy, eight issuing a Hold rating, and two providing a Sell rating. According to MarketBeat, the overall average rating for Fidelity National Information Services stands at “Hold” with a consensus price target of $79.94.
Latest Earnings and Financial Performance
Fidelity National Information Services announced its quarterly earnings on November 5, 2024. The company reported earnings per share (EPS) of $1.51, exceeding analysts’ expectations of $1.48 by $0.03. The firm achieved a net margin of 1.45% and a return on equity of 19.76%. Revenue for the quarter reached $2.72 billion, surpassing analyst estimates of $2.65 billion. This reflects a year-over-year revenue increase of 5.7%.
Looking ahead, Fidelity National Information Services has provided guidance for fiscal year 2025, projecting an EPS range of $5.740 to $5.780. Analysts generally anticipate the company will achieve an EPS of $5.74 for the current fiscal year.
Insider Transactions and Institutional Investment
In related news, on January 15, 2025, Director Jeffrey A. Goldstein purchased 941 shares of the company’s stock at an average price of $64.11 per share, totaling approximately $60,327.51. Following this acquisition, Goldstein’s total ownership increased to 14,529 shares, valued at around $931,454.19. This transaction was disclosed in a filing with the Securities and Exchange Commission.
Institutional investors continue to play a significant role in Fidelity National Information Services. Recently, Hilltop National Bank acquired a new stake in the company valued at about $1,616,000. Norges Bank made a notable investment in the second quarter worth approximately $624,858,000. Brighton Jones LLC also purchased shares valued at around $347,000. Truist Financial Corp increased its stake by 6.6%, acquiring an additional 4,619 shares during the second quarter, bringing its total holdings to 74,869 shares valued at $6,095,000.
As it stands, institutional investors own 96.23% of Fidelity National Information Services, indicating strong confidence in the company’s future prospects.
Fidelity National Information Services remains a prominent player in the financial technology sector, offering a broad range of services and solutions for banks, capital markets, merchants, and corporations. The company is dedicated to enhancing operational efficiency through innovative technological solutions that support core banking, payments, and compliance services globally.
