Fidelity National Information Services (NYSE:FIS) Given New $42.00 Price Target at Keefe, Bruyette & Woods

Key Points

• Keefe, Bruyette & Woods cut its FIS price target from $50 to $42 but maintained an “outperform” rating; the new target implies 40.61% upside from the previous close.
• Analyst views are mixed: FIS has a consensus “Hold” rating and an average price target of $45.44, with 9 Buy, 15 Hold, and 2 Sell ratings.
• FIS narrowly beat quarterly earnings and revenue estimates, but lowered its 2026 earnings and banking-growth outlook, citing delayed client conversions; it also plans to pause buybacks and some M&A to reduce debt.

Fidelity National Information Services (NYSE:FIS - Get Free Report) had its price target dropped by equities researchers at Keefe, Bruyette & Woods from $50.00 to $42.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage currently has an "outperform" rating on the information technology services provider's stock. Keefe, Bruyette & Woods's price objective would indicate a potential upside of 40.61% from the stock's previous close.

A number of other brokerages also recently commented on FIS. JPMorgan Chase & Co. downgraded shares of Fidelity National Information Services from an "overweight" rating to a "neutral" rating and set a $38.00 price objective for the company. in a research report on Wednesday. Wolfe Research raised their target price on shares of Fidelity National Information Services from $53.00 to $54.00 and gave the company an "outperform" rating in a research note on Tuesday, August 25th. The Goldman Sachs Group reduced their price target on Fidelity National Information Services from $52.00 to $44.00 and set a "buy" rating for the company in a report on Tuesday, October 13th. William Blair downgraded Fidelity National Information Services from an "outperform" rating to a "market perform" rating in a research report on Wednesday. Finally, Susquehanna dropped their price objective on Fidelity National Information Services from $46.00 to $37.00 and set a "neutral" rating on the stock in a research note on Tuesday, October 13th. Nine equities research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $45.44.

Fidelity National Information Services Price Performance

Shares of NYSE FIS opened at $29.87 on Thursday. The business has a 50-day moving average of $36.70 and a 200-day moving average of $43.48. Fidelity National Information Services has a fifty-two week low of $29.15 and a fifty-two week high of $68.37. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.53 and a quick ratio of 0.53. The stock has a market capitalization of $15.44 billion, a price-to-earnings ratio of 4.59, a PEG ratio of 0.46 and a beta of 0.84.

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

Insider Buying and Selling

In related news, Director Jeffrey Goldstein purchased 1,585 shares of the stock in a transaction on Thursday, October 15th. The shares were purchased at an average cost of $36.40 per share, with a total value of $57,694.00. Following the acquisition, the director directly owned 18,697 shares in the company, valued at $680,570.80. The trade was a 9.26% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.28% of the company's stock.

Hedge Funds Weigh In On Fidelity National Information Services

Large investors have recently made changes to their positions in the company. BlackRock Inc. acquired a new position in Fidelity National Information Services in the second quarter valued at $1,730,200,000. South Dakota Investment Council boosted its holdings in Fidelity National Information Services by 46.2% during the first quarter. South Dakota Investment Council now owns 228,021 shares of the information technology services provider's stock worth $10,696,000 after buying an additional 72,040 shares in the last quarter. Bank of Nova Scotia acquired a new stake in shares of Fidelity National Information Services in the 2nd quarter worth approximately $2,448,000. Nykredit A S purchased a new position in shares of Fidelity National Information Services in the second quarter valued at $5,143,000. Finally, OMERS ADMINISTRATION Corp purchased a new position in Fidelity National Information Services during the 2nd quarter valued at about $10,891,000. Institutional investors own 96.23% of the company's stock.

Trending Headlines about Fidelity National Information Services

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

• Positive Sentiment: FIS reported third-quarter adjusted EPS of $1.61 versus the $1.60 consensus estimate, while revenue of $3.45 billion topped expectations of $3.43 billion and rose 27.1% year over year. FIS Reports Third Quarter 2026 Results
• Neutral Sentiment: FIS says client demand remains strong and is continuing to invest in security and innovation, though the near-term impact of these investments and delayed projects remains a concern. FIS Cuts Banking Growth Outlook Amid Project Delays
• Negative Sentiment: The company cut its 2026 adjusted EPS outlook to $5.82–$5.89, below the FactSet estimate of $6.20. It also reduced its 2026 Banking Solutions growth forecast to 3.5%–4% from 5%–5.5%, citing delayed client conversions and bank-consolidation timing. FIS 2026 Adjusted EPS Outlook
• Negative Sentiment: CFO James Kehoe will step down effective November 5, with CFO duties passing to interim appointee Alexandra Brooks. The timing adds uncertainty as investors assess the lowered outlook. FIS Announces CFO Transition
• Negative Sentiment: FIS is halting buybacks and some M&A to focus on reducing debt, limiting near-term capital returns. JPMorgan, Oppenheimer and William Blair also cut their ratings, reflecting reduced confidence after the guidance reset. FIS Halts Buybacks and Some M&A

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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