Citigroup Has Lowered Expectations for Fidelity National Information Services (NYSE:FIS) Stock Price

Key Points

• Citigroup cut its FIS price target from $39 to $30 while maintaining a neutral rating; the new target implies only about 2% upside from the prior close of $29.40.
• FIS slightly beat third-quarter earnings and revenue estimates, but lowered its 2026 EPS and Banking Solutions growth outlook, citing delayed client conversions and project timing.
• Other analysts also lowered targets or ratings. FIS plans to pause share buybacks and defer some M&A to reduce debt, while a CFO transition adds uncertainty.

Fidelity National Information Services (NYSE:FIS - Get Free Report) had its price target lowered by Citigroup from $39.00 to $30.00 in a report released on Thursday, Benzinga reports. The firm presently has a "neutral" rating on the information technology services provider's stock. Citigroup's target price would suggest a potential upside of 2.05% from the stock's previous close.

A number of other analysts have also commented on the company. Royal Bank Of Canada lowered Fidelity National Information Services from an "outperform" rating to a "sector perform" rating and cut their price target for the company from $53.00 to $37.00 in a report on Thursday. JPMorgan Chase & Co. downgraded Fidelity National Information Services from an "overweight" rating to a "neutral" rating and set a $38.00 price objective for the company. in a report on Wednesday. Weiss Ratings lowered Fidelity National Information Services from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Thursday, September 10th. Piper Sandler cut their target price on Fidelity National Information Services from $42.00 to $31.00 and set a "neutral" rating on the stock in a research note on Thursday. Finally, Barclays decreased their price target on shares of Fidelity National Information Services from $38.00 to $30.00 and set an "equal weight" rating for the company in a research note on Thursday. Nine equities research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $42.88.

Fidelity National Information Services Stock Down 1.2%

Shares of Fidelity National Information Services stock traded down $0.36 on Thursday, hitting $29.40. The company had a trading volume of 18,191,257 shares, compared to its average volume of 6,244,167. The stock has a 50-day moving average of $36.70 and a 200-day moving average of $43.48. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.53 and a quick ratio of 0.53. Fidelity National Information Services has a twelve month low of $28.87 and a twelve month high of $68.37. The firm has a market capitalization of $15.20 billion, a P/E ratio of 4.52, a P/E/G ratio of 0.46 and a beta of 0.84.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last posted its quarterly earnings data on Wednesday, November 4th. The information technology services provider reported $1.61 EPS for the quarter, beating the consensus estimate of $1.60 by $0.01. The business had revenue of $3.45 billion for the quarter, compared to analysts' expectations of $3.43 billion. Fidelity National Information Services had a net margin of 27.64% and a return on equity of 20.95%. The firm's revenue was up 27.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.51 EPS. Research analysts predict that Fidelity National Information Services will post 6.20 earnings per share for the current year.

Insider Transactions at Fidelity National Information Services

In related news, Director Jeffrey Goldstein purchased 1,585 shares of Fidelity National Information Services stock in a transaction that occurred on Thursday, October 15th. The stock was purchased at an average cost of $36.40 per share, with a total value of $57,694.00. Following the completion of the transaction, the director owned 18,697 shares of the company's stock, valued at approximately $680,570.80. This trade represents a 9.26% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.28% of the company's stock.

Hedge Funds Weigh In On Fidelity National Information Services

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Pension & Wealth Management Advisors Inc. bought a new position in shares of Fidelity National Information Services in the third quarter valued at $35,000. N.E.W. Advisory Services LLC purchased a new position in Fidelity National Information Services in the second quarter worth $58,000. Bank & Trust Co bought a new stake in Fidelity National Information Services in the third quarter worth about $51,000. Pinnacle Wealth Planning Services Inc. lifted its stake in Fidelity National Information Services by 96.8% in the third quarter. Pinnacle Wealth Planning Services Inc. now owns 1,976 shares of the information technology services provider's stock valued at $65,000 after purchasing an additional 972 shares during the last quarter. Finally, Raleigh Capital Management Inc. bought a new position in shares of Fidelity National Information Services during the 3rd quarter worth $71,000. 96.23% of the stock is owned by institutional investors.

Key Headlines Impacting Fidelity National Information Services

Here are the key news stories impacting Fidelity National Information Services this week:

• Positive Sentiment: Third-quarter adjusted EPS of $1.61 slightly beat the $1.60 consensus, while revenue of $3.45 billion topped estimates of $3.43 billion and rose 27.1% year over year. Read More.
• Negative Sentiment: FIS cut its 2026 adjusted EPS outlook to $5.82–$5.89, below the cited $6.20 analyst estimate. It also lowered its 2026 Banking Solutions revenue-growth forecast to 3.5%–4% from 5%–5.5%, citing delayed client conversions and project timing. Read More.
• Negative Sentiment: The company plans to halt share buybacks and defer some M&A as it focuses on paying down debt, limiting near-term capital returns. Read More.
• Negative Sentiment: CFO James Kehoe is stepping down, with Alexandra Brooks named interim CFO. The departure adds uncertainty during an already difficult outlook update. Read More.
• Negative Sentiment: Several firms lowered price targets, and Bank of America and RBC cut their ratings. These revisions reinforce investor concern about slower growth, even though the new targets generally remain above the share price. Read More.
• Neutral Sentiment: Shareholder-law firms announced investigations following the outlook reduction. These notices add headline risk but do not by themselves establish wrongdoing or predict the outcome. Read More.

Fidelity National Information Services Company Profile

Fidelity National Information Services, Inc NYSE: FIS is a global financial technology company that provides software, services and technology infrastructure to banks, financial institutions, merchants and other businesses. Its solutions are designed to support transaction processing, digital banking, payments, risk management and other essential financial operations.

FIS offers core banking and digital banking platforms, card and payment processing services, fraud and financial crime prevention tools, and technologies that help financial institutions manage accounts, lending and other banking activities.

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