Evercore ISI Group Downgrades Fidelity National Information Services

Investing

Published: August 25, 2023 10:30 pm

Fintel reports that on August 25, 2023, Evercore ISI Group downgraded their outlook for Fidelity National Information Services (NYSE:FIS) from Outperform to Neutral.

Analyst Price Forecast Suggests 39.15% Upside

As of August 2, 2023, the average one-year price target for Fidelity National Information Services is 76.89. The forecasts range from a low of 53.53 to a high of $175.35. The average price target represents an increase of 39.15% from its latest reported closing price of 55.26.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for Fidelity National Information Services is 15,229MM, an increase of 4.49%. The projected annual non-GAAP EPS is 6.82.

What is the Fund Sentiment?

There are 1960 funds or institutions reporting positions in Fidelity National Information Services. This is a decrease of 82 owner(s) or 4.02% in the last quarter. Average portfolio weight of all funds dedicated to FIS is 0.35%, a decrease of 15.11%. Total shares owned by institutions decreased in the last three months by 0.66% to 730,992K shares. The put/call ratio of FIS is 0.31, indicating a bullish outlook.

What are Other Shareholders Doing?

SMCWX – SMALLCAP WORLD FUND INC holds 31,938K shares representing 5.39% ownership of the company. No change in the last quarter.

NEWFX – NEW WORLD FUND INC holds 28,670K shares representing 4.84% ownership of the company. No change in the last quarter.

Dodge & Cox holds 27,772K shares representing 4.69% ownership of the company. In it’s prior filing, the firm reported owning 27,494K shares, representing an increase of 1.00%. The firm decreased its portfolio allocation in FIS by 0.40% over the last quarter.

VTSMX – Vanguard Total Stock Market Index Fund Investor Shares holds 18,402K shares representing 3.11% ownership of the company. In it’s prior filing, the firm reported owning 18,003K shares, representing an increase of 2.17%. The firm decreased its portfolio allocation in FIS by 24.42% over the last quarter.

DODGX – Dodge & Cox Stock Fund holds 18,006K shares representing 3.04% ownership of the company. In it’s prior filing, the firm reported owning 17,509K shares, representing an increase of 2.76%. The firm decreased its portfolio allocation in FIS by 18.27% over the last quarter.

Fidelity National Information Services Background Information
(This description is provided by the company.)

FIS is a leading provider of technology solutions for merchants, banks and capital markets firms globally. Its employees are dedicated to advancing the way the world pays, banks and invests by applying its scale, deep expertise and data-driven insights. The Company helps its clients use technology in innovative ways to solve business-critical challenges and deliver superior experiences for their customers. Headquartered in Jacksonville, Florida, FIS is a Fortune 500® company and is a member of Standard & Poor’s 500® Index.

This article originally appeared on Fintel

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