Fidelity National Information Services (NYSE:FIS) Stock Gets Price Target Reduction from Truist Financial

Key Points

• Truist Financial lowered FIS’s price target from $43 to $37 and maintained a “hold” rating, implying roughly 0.8% downside from the prior close.
• Analyst sentiment remains mixed: FIS has an overall “Hold” consensus rating, with 11 Buy, 11 Hold and 2 Sell ratings, and an average target price of $49.04.
• FIS shares traded at $37.29, while the company’s latest quarterly results slightly exceeded expectations with $1.48 in adjusted EPS on $3.38 billion in revenue; institutional investors own approximately 96.23% of the stock.

Fidelity National Information Services (NYSE:FIS - Get Free Report) had its price objective cut by analysts at Truist Financial from $43.00 to $37.00 in a note issued to investors on Friday, Benzinga reports. The firm currently has a "hold" rating on the information technology services provider's stock. Truist Financial's price target would indicate a potential downside of 0.78% from the company's previous close.

A number of other brokerages have also commented on FIS. The Goldman Sachs Group decreased their price target on shares of Fidelity National Information Services from $52.00 to $44.00 and set a "buy" rating on the stock in a research note on Tuesday, October 13th. Barclays cut their price objective on Fidelity National Information Services from $43.00 to $38.00 and set an "equal weight" rating on the stock in a research note on Friday, October 9th. TD Cowen dropped their price objective on Fidelity National Information Services from $53.00 to $47.00 and set a "buy" rating on the stock in a research note on Friday, October 9th. Wells Fargo & Company reiterated an "equal weight" rating and issued a $46.00 target price (down from $58.00) on shares of Fidelity National Information Services in a report on Tuesday, August 25th. Finally, Citigroup reduced their price objective on shares of Fidelity National Information Services from $45.00 to $39.00 and set a "neutral" rating for the company in a research report on Friday, October 16th. Eleven research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Fidelity National Information Services presently has an average rating of "Hold" and a consensus target price of $49.04.

Fidelity National Information Services Price Performance

Fidelity National Information Services stock traded down $1.00 during mid-day trading on Friday, hitting $37.29. 1,591,038 shares of the company were exchanged, compared to its average volume of 5,992,970. The company has a market capitalization of $19.27 billion, a PE ratio of 5.73, a price-to-earnings-growth ratio of 0.43 and a beta of 0.81. The business has a fifty day moving average of $37.50 and a 200 day moving average of $40.96. Fidelity National Information Services has a 1-year low of $32.10 and a 1-year high of $68.98. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.96.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The information technology services provider reported $1.48 EPS for the quarter, beating the consensus estimate of $1.47 by $0.01. The business had revenue of $3.38 billion for the quarter, compared to analysts' expectations of $3.38 billion. Fidelity National Information Services had a net margin of 27.64% and a return on equity of 20.95%. Fidelity National Information Services's revenue was up 29.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.36 earnings per share. 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. As a group, sell-side analysts expect that Fidelity National Information Services will post 6.20 earnings per share for the current year.

Insider Transactions at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey Goldstein bought 1,585 shares of the firm's stock in a transaction dated 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 transaction, the director directly owned 18,697 shares in the company, valued at $680,570.80. This trade represents a 9.26% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.28% of the stock is owned by company insiders.

Institutional Trading of Fidelity National Information Services

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

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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