TD Cowen Cuts Fidelity National Information Services (NYSE:FIS) Price Target to $47.00

Key Points

• TD Cowen lowered its FIS price target from $53 to $47 while maintaining a “buy” rating, implying roughly 37% upside from the stock’s $34.26 price.
• Analyst sentiment is mixed: FIS has a consensus “hold” rating from 25 analysts, with an average price target of $52.28.
• FIS reported quarterly EPS of $1.48, slightly beating estimates, while revenue reached $3.38 billion and rose 29.1% year over year. Institutional investors own approximately 96.23% of the company.

Fidelity National Information Services (NYSE:FIS - Get Free Report) had its target price reduced by equities research analysts at TD Cowen from $53.00 to $47.00 in a report released on Friday, Benzinga reports. The brokerage currently has a "buy" rating on the information technology services provider's stock. TD Cowen's target price would indicate a potential upside of 37.20% from the stock's current price.

Several other equities analysts also recently commented on FIS. Wolfe Research upped their price objective on Fidelity National Information Services from $53.00 to $54.00 and gave the company an "outperform" rating in a research report on Tuesday, August 25th. National Bank Financial set a $50.00 price target on Fidelity National Information Services in a report on Monday, August 10th. Citigroup reduced their target price on Fidelity National Information Services from $48.00 to $45.00 and set a "neutral" rating on the stock in a report on Wednesday, August 5th. Robert W. Baird lowered their price target on shares of Fidelity National Information Services from $48.00 to $45.00 and set a "neutral" rating on the stock in a report on Friday, September 25th. Finally, Wells Fargo & Company reissued an "equal weight" rating and set a $46.00 target price (down from $58.00) on shares of Fidelity National Information Services in a research note on Tuesday, August 25th. Ten investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Fidelity National Information Services has a consensus rating of "Hold" and an average target price of $52.28.

Fidelity National Information Services Price Performance

Shares of NYSE FIS traded down $0.08 during trading on Friday, reaching $34.26. The company had a trading volume of 667,674 shares, compared to its average volume of 6,045,640. 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 stock has a market capitalization of $17.71 billion, a PE ratio of 5.26, a price-to-earnings-growth ratio of 0.36 and a beta of 0.81. Fidelity National Information Services has a twelve month low of $32.10 and a twelve month high of $69.04. The stock has a 50-day moving average price of $39.01 and a two-hundred day moving average price of $41.76.

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 earnings per share for the quarter, topping 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 during the quarter, compared to the consensus estimate of $3.38 billion. During the same quarter last year, the firm earned $1.36 earnings per share. Fidelity National Information Services'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, sell-side analysts predict that Fidelity National Information Services will post 6.2 earnings per share for the current year.

Institutional Trading of Fidelity National Information Services

Hedge funds and other institutional investors have recently bought and sold shares of the business. Rexford Capital Inc. boosted its stake in shares of Fidelity National Information Services by 16.1% during the 1st quarter. Rexford Capital Inc. now owns 1,656 shares of the information technology services provider's stock valued at $78,000 after purchasing an additional 230 shares in the last quarter. Azzad Asset Management Inc. ADV increased its stake in shares of Fidelity National Information Services by 2.0% in 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 acquiring an additional 250 shares during the period. Saxon Interests Inc. grew its stake in Fidelity National Information Services by 3.5% in the 4th quarter. Saxon Interests Inc. now owns 8,327 shares of the information technology services provider's stock valued at $553,000 after acquiring an additional 281 shares during the period. Dynamic Advisor Solutions LLC lifted its position in Fidelity National Information Services by 4.8% during the second 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 in the last quarter. Finally, New England Capital Financial Advisors LLC boosted its position in shares of Fidelity National Information Services by 21.8% during the 1st quarter. New England Capital Financial Advisors LLC now owns 1,692 shares of the information technology services provider's stock worth $79,000 after purchasing an additional 303 shares during the period. 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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