Fidelity National Information Services (NYSE:FIS) Stock Rating Cut to "Hold" at Argus

Key Points

• Argus downgraded FIS from Buy to Hold, joining other firms that recently lowered ratings or price targets. Analysts’ consensus rating is Hold, with an average price target of $42.20.
• FIS slightly beat quarterly earnings and revenue expectations, with revenue up 27.1% year over year, but cut its 2026 adjusted EPS outlook below analyst consensus and lowered its Banking Solutions growth forecast, citing customer project delays.
• The company’s CFO is stepping down, and FIS is pausing share buybacks and some M&A to prioritize debt reduction. Shares opened at $29.40, near their 12-month low of $28.86.

Fidelity National Information Services (NYSE:FIS - Get Free Report) was downgraded by equities researchers at Argus from a "buy" rating to a "hold" rating in a research report issued on Friday, Briefing.com reports.

A number of other research firms have also recently commented on FIS. Wolfe Research cut Fidelity National Information Services from a "strong-buy" rating to a "hold" rating in a report on Thursday. Stephens began coverage on Fidelity National Information Services in a research note on Tuesday, August 11th. They set an "equal weight" rating and a $50.00 target price on the stock. UBS Group restated an "outperform" rating on shares of Fidelity National Information Services in a research note on Thursday. Piper Sandler cut their price objective on shares of Fidelity National Information Services from $42.00 to $31.00 and set a "neutral" rating for the company in a report on Thursday. Finally, Susquehanna lowered their target price on shares of Fidelity National Information Services from $37.00 to $32.00 and set a "neutral" rating on the stock in a report on Thursday. Six research analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $42.20.

Fidelity National Information Services Trading Down 1.2%

Fidelity National Information Services stock opened at $29.40 on Friday. The firm has a 50 day moving average of $36.47 and a 200 day moving average of $43.31. The firm has a market capitalization of $15.20 billion, a price-to-earnings ratio of 4.39, a P/E/G ratio of 0.36 and a beta of 0.84. Fidelity National Information Services has a 12-month low of $28.86 and a 12-month high of $68.37. The company has a current ratio of 0.55, a quick ratio of 0.53 and a debt-to-equity ratio of 0.93.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last posted its quarterly earnings results on Wednesday, November 4th. The information technology services provider reported $1.61 earnings per share for the quarter, topping analysts' consensus estimates of $1.60 by $0.01. The business had revenue of $3.45 billion during 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%. The company's revenue was up 27.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.51 earnings per share. As a group, research analysts predict that Fidelity National Information Services will post 5.96 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Jeffrey Goldstein acquired 1,585 shares of Fidelity National Information Services stock in a transaction on Thursday, October 15th. The shares were acquired at an average price of $36.40 per share, with a total value of $57,694.00. Following the purchase, the director directly owned 18,697 shares in the company, valued at $680,570.80. The trade was a 9.26% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of FIS. Azzad Asset Management Inc. ADV boosted its holdings in Fidelity National Information Services by 2.0% during the first quarter. Azzad Asset Management Inc. ADV now owns 12,598 shares of the information technology services provider's stock worth $591,000 after buying an additional 250 shares in the last quarter. Dynamic Advisor Solutions LLC raised its stake in shares of Fidelity National Information Services by 4.8% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 6,316 shares of the information technology services provider's stock worth $246,000 after buying an additional 290 shares during the period. Signaturefd LLC lifted its position in shares of Fidelity National Information Services by 4.7% during the 3rd quarter. Signaturefd LLC now owns 6,802 shares of the information technology services provider's stock valued at $224,000 after buying an additional 303 shares in the last quarter. Bleakley Financial Group LLC lifted its position in shares of Fidelity National Information Services by 0.3% during the 1st quarter. Bleakley Financial Group LLC now owns 115,095 shares of the information technology services provider's stock valued at $5,399,000 after buying an additional 328 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in Fidelity National Information Services by 4.7% in the 3rd quarter. GAMMA Investing LLC now owns 7,772 shares of the information technology services provider's stock valued at $256,000 after acquiring an additional 349 shares during the period. 96.23% of the stock is owned by hedge funds and other institutional investors.

Key Stories 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

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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