Analyst ratings for Fidelity National Information Services, Inc. (FIS) maintain a moderate 'buy' consensus. Mizuho has decreased its price target while maintaining an 'outperform' rating. FIS's increased revenue outlook, share buyback activity, and a series of acquisitions indicate a bullish outlook - although mixed opinions persist, partly due to Lyrical Asset Management LP and other entities reducing their stake. However, Prudential PLC, National Pension Service, and Russell Investments Group Ltd among others have increased their holding in the company. Despite concerns about its profit margins, many insiders continue to buy FIS's stock, suggesting faith in the firm's potential.
Recent developments include FIS teaming up with Circle with an increased revenue outlook, indicating a possible digital strategy pivot. The firm also plans to sell off its Worldpay stake in a deal with Global Payments. Optimistic Q2 earnings estimates suggested prospects of earnings beat, and FIS's stock shows strong momentum leading to its digital currency and payments space. However, recent layoffs at FIS's Seattle-area office, as well as pessimistic earnings forecast could impact the short-term market sentiment negatively. Additionally, FIS unveiled new proprietary technologies and strategic partnerships, strengthening its position in the fintech space.
Fidelity National Information Services FIS News Analytics from Mon, 09 Dec 2024 08:00:00 GMT to Sat, 16 Aug 2025 21:17:16 GMT - Rating 3 - Innovation 4 - Information 2 - Rumor 5
