Fidelity National Information Services (NYSE:FIS) Stock Dropped to "Sector Perform" by Royal Bank Of Canada

Key Points

• Royal Bank of Canada downgraded FIS from “outperform” to “sector perform” and set a $37 price target, implying 23.9% upside from the previous close.
• FIS’s latest quarter modestly beat estimates: adjusted EPS was $1.61 versus $1.60 expected, and revenue of $3.45 billion was up 27.1% year over year.
• Despite the quarterly results, FIS cut its 2026 adjusted EPS outlook to $5.82–$5.89 from expectations of $6.20, citing delayed client conversions; analysts’ overall rating is “Hold.”

Fidelity National Information Services (NYSE:FIS - Get Free Report) was downgraded by equities research analysts at Royal Bank Of Canada from an "outperform" rating to a "sector perform" rating in a research note issued on Thursday, Briefing.com reports. They presently have a $37.00 price objective on the information technology services provider's stock. Royal Bank Of Canada's target price would suggest a potential upside of 23.87% from the company's previous close.

FIS has been the topic of several other reports. Stephens initiated coverage on Fidelity National Information Services in a report on Tuesday, August 11th. They issued an "equal weight" rating and a $50.00 price objective on the stock. UBS Group restated an "outperform" rating on shares of Fidelity National Information Services in a research report on Thursday. William Blair lowered Fidelity National Information Services from an "outperform" rating to a "market perform" rating in a research note on Wednesday. Deutsche Bank Aktiengesellschaft decreased their price objective on Fidelity National Information Services from $45.00 to $40.00 and set a "hold" rating on the stock in a report on Tuesday, September 29th. Finally, Cantor Fitzgerald lowered their target price on shares of Fidelity National Information Services from $50.00 to $45.00 and set an "overweight" rating on the stock in a research note on Friday, October 16th. Nine analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, Fidelity National Information Services presently has an average rating of "Hold" and a consensus price target of $46.00.

Fidelity National Information Services Price Performance

Shares of NYSE FIS opened at $29.87 on Thursday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.53 and a current ratio of 0.53. The firm has a fifty day moving average of $36.70 and a 200 day moving average of $43.48. The firm has a market cap of $15.44 billion, a PE ratio of 4.59, a PEG ratio of 0.46 and a beta of 0.84. Fidelity National Information Services has a one year low of $29.15 and a one year high of $68.37.

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 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.60 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 $3.45 billion for the quarter, compared to the consensus estimate of $3.43 billion. During the same period last year, the firm posted $1.51 earnings per share. The company's revenue was up 27.1% compared to the same quarter last year. As a group, research analysts predict that Fidelity National Information Services will post 6.20 EPS for the current fiscal year.

Insider Activity at Fidelity National Information Services

In related news, Director Jeffrey Goldstein acquired 1,585 shares of Fidelity National Information Services stock in a transaction that occurred on Thursday, October 15th. The shares were purchased at an average price of $36.40 per share, for a total transaction of $57,694.00. Following the completion of the transaction, the director owned 18,697 shares in the company, valued at $680,570.80. This represents a 9.26% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.28% of the company's stock.

Institutional Trading of Fidelity National Information Services

Large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. purchased a new stake in shares of Fidelity National Information Services in the 2nd quarter valued at approximately $1,730,200,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in Fidelity National Information Services in the second quarter valued at approximately $219,162,000. Bank of America Corp DE acquired a new position in Fidelity National Information Services in the second quarter valued at approximately $189,387,000. Legal & General Group Plc purchased a new position in Fidelity National Information Services in the second quarter worth approximately $129,815,000. Finally, Deutsche Bank AG purchased a new position in Fidelity National Information Services in the second quarter worth approximately $111,205,000. 96.23% of the stock is currently owned by hedge funds and other institutional investors.

More Fidelity National Information Services News

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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