Fidelity National Information Services (NYSE:FIS) Rating Lowered to Hold at Wolfe Research

Key Points

• Wolfe Research downgraded FIS from “strong buy” to “hold.” The broader analyst consensus is also “hold,” with 16 analysts rating the stock Hold, eight Buy, and two Sell.
• Several brokerages cut their price targets, including Citigroup to $30, Piper Sandler to $31, and Susquehanna to $32; the average analyst target is $42.88.
• FIS slightly beat quarterly earnings and revenue estimates, but cut its 2026 earnings and banking-growth outlook amid customer project delays, adding pressure to the stock.

Fidelity National Information Services (NYSE:FIS - Get Free Report) was downgraded by equities researchers at Wolfe Research from a "strong-buy" rating to a "hold" rating in a report issued on Thursday, Zacks reports.

FIS has been the topic of a number of other reports. Citigroup reduced their price target on shares of Fidelity National Information Services from $39.00 to $30.00 and set a "neutral" rating on the stock in a research report on Thursday. Truist Financial lowered their price objective on shares of Fidelity National Information Services from $43.00 to $37.00 and set a "hold" rating for the company in a research report on Friday, October 23rd. Piper Sandler dropped their price objective 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. Keefe, Bruyette & Woods reduced their target price on Fidelity National Information Services from $50.00 to $42.00 and set an "outperform" rating on the stock in a report on Thursday. Finally, Susquehanna decreased their target price on Fidelity National Information Services from $37.00 to $32.00 and set a "neutral" rating for the company in a research note on Thursday. Eight research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, Fidelity National Information Services currently has an average rating of "Hold" and an average price target of $42.88.

Fidelity National Information Services Price Performance

Shares of FIS opened at $29.40 on Thursday. The company has a current ratio of 0.55, a quick ratio of 0.53 and a debt-to-equity ratio of 0.93. The stock has a market cap of $15.20 billion, a P/E ratio of 4.39, a price-to-earnings-growth ratio of 0.36 and a beta of 0.84. The stock's 50-day moving average price is $36.47 and its two-hundred day moving average price is $43.31. Fidelity National Information Services has a 1 year low of $28.86 and a 1 year high of $68.37.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last released its quarterly earnings data on Wednesday, November 4th. The information technology services provider reported $1.61 earnings per share for the quarter, topping the consensus estimate of $1.60 by $0.01. The business had revenue of $3.45 billion for the quarter, compared to analyst estimates of $3.43 billion. Fidelity National Information Services had a net margin of 26.77% and a return on equity of 20.42%. Fidelity National Information Services's quarterly revenue was up 27.1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.51 EPS. On average, equities analysts predict that Fidelity National Information Services will post 5.96 earnings per share for the current year.

Insider Activity

In related news, Director Jeffrey Goldstein acquired 1,585 shares of the company's stock in a transaction that occurred on Thursday, October 15th. The shares were acquired at an average cost of $36.40 per share, for a total transaction of $57,694.00. Following the completion of the acquisition, the director directly owned 18,697 shares in the company, valued at approximately $680,570.80. The trade was a 9.26% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.28% of the stock is owned by corporate insiders.

Institutional Trading of Fidelity National Information Services

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

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 earnings were $1.61 per share versus analysts’ $1.60 estimate, while revenue of $3.45 billion slightly exceeded expectations and rose 27.1% year over year. FIS Reports Third Quarter 2026 Results
• Neutral Sentiment: Analysts sharply lowered price targets, though views remain mixed: some maintained Buy or Outperform ratings, while others downgraded FIS to Neutral or Market Perform. TD Cowen rating
• Negative Sentiment: FIS cut its 2026 adjusted EPS outlook to $5.82–$5.89, below the $6.20 analyst consensus, and reduced its Banking Solutions growth forecast to 3.5%–4% from 5%–5.5%. The company cited customer project and conversion delays; expectations for a soft fourth quarter add to concerns. FIS Cuts Banking Growth Outlook Amid Project Delays
• Negative Sentiment: CFO James Kehoe is stepping down, with Alexandra Brooks named interim CFO. FIS is also halting buybacks and some M&A as it prioritizes debt reduction following its acquisition. The leadership change and reduced capital returns contributed to investor concern. FIS CFO transition announcement
• Negative Sentiment: Several brokerages downgraded FIS or cut targets after the revised outlook, and reports said the shares reached their lowest level in 14 years. Separate shareholder investigations have also been announced, though these notices do not establish wrongdoing. FIS shares drop to lowest level in 14 years

About Fidelity National Information Services

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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