Fidelity National Information Services (NYSE:FIS) Given New $39.00 Price Target at Citigroup

Key Points

• Citigroup lowered its FIS price target to $39 from $45 while maintaining a neutral rating, implying roughly 8.5% upside from the stock’s $35.95 price.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and average price target of $49.28; 11 analysts rate the stock Buy, 12 Hold and 2 Sell.
• FIS reported quarterly EPS of $1.48, slightly above expectations, while revenue rose 29.1% year over year to $3.38 billion. Institutional investors own approximately 96.23% of the company.

Fidelity National Information Services (NYSE:FIS - Get Free Report) had its price target lowered by analysts at Citigroup from $45.00 to $39.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage presently has a "neutral" rating on the information technology services provider's stock. Citigroup's price target suggests a potential upside of 8.49% from the stock's current price.

Other equities research analysts also recently issued research reports about the company. Royal Bank Of Canada dropped their target price on Fidelity National Information Services from $57.00 to $53.00 and set an "outperform" rating for the company in a research report on Wednesday, August 5th. Keefe, Bruyette & Woods dropped their target price on shares of Fidelity National Information Services from $60.00 to $56.00 and set an "outperform" rating on the stock in a report on Wednesday, August 5th. Weiss Ratings lowered shares of Fidelity National Information Services from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Thursday, September 10th. The Goldman Sachs Group dropped their target price on shares of Fidelity National Information Services from $52.00 to $44.00 and set a "buy" rating for the company in a report on Tuesday. Finally, Robert W. Baird cut their target price on shares of Fidelity National Information Services from $48.00 to $45.00 and set a "neutral" rating on the stock in a research report on Friday, September 25th. Eleven investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $49.28.

Fidelity National Information Services Stock Performance

Shares of FIS stock traded down $0.18 during trading on Friday, reaching $35.95. The company had a trading volume of 4,608,923 shares, compared to its average volume of 6,050,586. Fidelity National Information Services has a one year low of $32.10 and a one year high of $68.98. The company has a market capitalization of $18.58 billion, a PE ratio of 5.52, a PEG ratio of 0.38 and a beta of 0.81. The firm's 50 day simple moving average is $38.13 and its two-hundred day simple moving average is $41.30. 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 (NYSE:FIS - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The information technology services provider reported $1.48 earnings per share (EPS) for the quarter, topping 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 business had revenue of $3.38 billion for the quarter, compared to the consensus estimate of $3.38 billion. During the same quarter last year, the company posted $1.36 earnings per share. Fidelity National Information Services's quarterly 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. Sell-side analysts forecast that Fidelity National Information Services will post 6.20 earnings per share for the current year.

Institutional Trading of Fidelity National Information Services

Large investors have recently modified their holdings of the stock. BlackRock Inc. acquired a new position in shares of Fidelity National Information Services during the second quarter valued at about $1,730,200,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in Fidelity National Information Services in the second quarter valued at approximately $219,162,000. Bank of America Corp DE acquired a new stake in Fidelity National Information Services in the second quarter valued at approximately $189,387,000. Arrowstreet Capital Limited Partnership increased its holdings in shares of Fidelity National Information Services by 228.7% during the first quarter. Arrowstreet Capital Limited Partnership now owns 3,015,663 shares of the information technology services provider's stock valued at $141,465,000 after acquiring an additional 2,098,139 shares in the last quarter. Finally, Legal & General Group Plc bought a new position in shares of Fidelity National Information Services in the 2nd quarter worth $129,815,000. Institutional investors and hedge funds own 96.23% of the company's stock.

Key Stories Impacting Fidelity National Information Services

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 approximately 17% upside. The endorsement suggests confidence in FIS’s long-term earnings and turnaround prospects.
• Positive Sentiment: Cantor Fitzgerald maintained an Overweight rating while lowering its price target from $50 to $45, still implying roughly 26% upside. The target cut is cautious, but the continued bullish rating is supportive. Cantor Fitzgerald analyst action
• Positive Sentiment: FIS and Anthropic launched the FIS AML Investigations Agent commercially for U.S. banks. The AI tool is designed to reduce the cost and workload of anti-money-laundering investigations, potentially creating new revenue opportunities and strengthening FIS’s competitive position in core banking technology. FIS and Anthropic AML agent
• Neutral Sentiment: A Zacks analysis argues that improving free cash flow, expanding margins and acquisition synergies could support a rebound after the stock’s steep decline. These are potential catalysts rather than newly reported financial results. Zacks FIS rebound analysis
• Negative Sentiment: Susquehanna lowered its FIS price target to $37, only modestly above the current share price. The reduction reinforces concerns about limited near-term upside and ongoing execution risks. Susquehanna FIS price-target cut

About Fidelity National Information Services

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.