Fidelity National Information Services (NYSE:FIS) Stock Price Target Lowered at Cantor Fitzgerald

Key Points

• Cantor Fitzgerald lowered its price target for Fidelity National Information Services to $45 from $50, while maintaining an “overweight” rating. The new target implies approximately 24.46% upside from the prior close.
• Analyst sentiment is mixed: FIS has a consensus “Hold” rating from 25 analysts, with an average price target of $49.72. Recent target changes ranged from Goldman Sachs’s $44 to Wolfe Research’s $54.
• FIS reported quarterly earnings of $1.48 per share, slightly above estimates, while revenue rose 29.1% year over year to $3.38 billion. Institutional investors own approximately 96.23% of the company’s stock.

Fidelity National Information Services (NYSE:FIS - Get Free Report) had its price target cut by Cantor Fitzgerald from $50.00 to $45.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage presently has an "overweight" rating on the information technology services provider's stock. Cantor Fitzgerald's target price suggests a potential upside of 24.46% from the company's previous close.

Several other brokerages also recently weighed in on FIS. Wolfe Research increased their target price on shares of Fidelity National Information Services from $53.00 to $54.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 25th. Keefe, Bruyette & Woods dropped their price target on Fidelity National Information Services from $60.00 to $56.00 and set an "outperform" rating on the stock in a research report on Wednesday, August 5th. The Goldman Sachs Group dropped their price target on Fidelity National Information Services from $52.00 to $44.00 and set a "buy" rating on the stock in a research report on Tuesday. Weiss Ratings downgraded Fidelity National Information Services from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Thursday, September 10th. Finally, TD Cowen decreased their price objective on Fidelity National Information Services from $53.00 to $47.00 and set a "buy" rating for the company in a research report on Friday, October 9th. Eleven equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Fidelity National Information Services currently has a consensus rating of "Hold" and an average target price of $49.72.

Fidelity National Information Services Price Performance

FIS stock opened at $36.16 on Friday. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.96. The company has a market capitalization of $18.69 billion, a P/E ratio of 5.88, a PEG ratio of 0.38 and a beta of 0.81. The business has a 50 day simple moving average of $38.13 and a 200-day simple moving average of $41.30. Fidelity National Information Services has a twelve month low of $32.10 and a twelve month high of $68.98.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last announced its earnings results on Tuesday, August 4th. The information technology services provider reported $1.48 EPS for the quarter, beating analysts' consensus estimates 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 analysts' expectations of $3.38 billion. During the same period in the previous year, the company posted $1.36 EPS. The company'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. As a group, equities analysts anticipate that Fidelity National Information Services will post 6.20 EPS for the current year.

Institutional Trading of Fidelity National Information Services

Several hedge funds have recently made changes to their positions in the company. BlackRock Inc. acquired a new position in shares of Fidelity National Information Services during the second quarter worth 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 about $219,162,000. Bank of America Corp DE acquired a new stake in 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 valued at approximately $129,815,000. Finally, Perpetual Ltd boosted its holdings in Fidelity National Information Services by 32.9% in the 3rd quarter. Perpetual Ltd now owns 3,262,131 shares of the information technology services provider's stock valued at $107,324,000 after purchasing an additional 807,482 shares in the last quarter. Institutional investors and hedge funds own 96.23% of the company's stock.

Fidelity National Information Services Company Profile

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.

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