TD Cowen Cuts Fidelity National Information Services (NYSE:FIS) Price Target to $53.00

Key Points

• TD Cowen lowered its price target for Fidelity National Information Services to $53 from $58 while maintaining a “buy” rating, implying roughly 31.5% upside from the stock’s $40.30 price.
• Analyst sentiment is mixed: FIS has a consensus “hold” rating, with 10 buys, 11 holds and 2 sells, and an average price target of $53.96.
• FIS slightly exceeded quarterly earnings expectations with EPS of $1.48 versus $1.47 expected, while revenue reached $3.38 billion and rose 29.1% year over year.

Fidelity National Information Services (NYSE:FIS - Get Free Report) had its price target dropped by TD Cowen from $58.00 to $53.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has a "buy" rating on the information technology services provider's stock. TD Cowen's target price indicates a potential upside of 31.51% from the stock's current price.

FIS has been the subject of a number of other research reports. Barclays cut their price objective on shares of Fidelity National Information Services from $44.00 to $43.00 and set an "equal weight" rating for the company in a research note on Wednesday, August 5th. Cantor Fitzgerald lowered their price target on Fidelity National Information Services from $55.00 to $50.00 and set an "overweight" rating for the company in a research report on Monday, August 10th. Wall Street Zen cut Fidelity National Information Services from a "buy" rating to a "hold" rating in a report on Sunday, May 17th. Wells Fargo & Company restated an "equal weight" rating and set a $46.00 target price (down from $58.00) on shares of Fidelity National Information Services in a report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on Fidelity National Information Services from $55.00 to $50.00 in a research note on Monday, May 11th. Ten investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $53.96.

Fidelity National Information Services Stock Performance

NYSE:FIS opened at $40.30 on Wednesday. The business's fifty day moving average is $41.48 and its 200 day moving average is $44.57. The firm has a market cap of $20.83 billion, a price-to-earnings ratio of 6.18, a PEG ratio of 0.42 and a beta of 0.77. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.53 and a current ratio of 0.53. Fidelity National Information Services has a 52-week low of $37.42 and a 52-week high of $70.78.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last issued its earnings results on Tuesday, August 4th. The information technology services provider reported $1.48 EPS for the quarter, topping the consensus estimate of $1.47 by $0.01. Fidelity National Information Services had a return on equity of 20.95% and a net margin of 27.64%.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 company earned $1.36 EPS. The firm's revenue was up 29.1% compared to the same quarter last year. 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. Research analysts predict that Fidelity National Information Services will post 6.19 EPS for the current year.

Hedge Funds Weigh In On Fidelity National Information Services

A number of hedge funds have recently bought and sold shares of FIS. MBM Wealth Consultants LLC bought a new stake in shares of Fidelity National Information Services in the first quarter worth approximately $33,000. Reflection Asset Management bought a new stake in Fidelity National Information Services in the 4th quarter worth approximately $34,000. Kemnay Advisory Services Inc. bought a new stake in Fidelity National Information Services in the 4th quarter worth approximately $42,000. DV Equities LLC purchased a new stake in Fidelity National Information Services during the 4th quarter valued at $48,000. Finally, Hantz Financial Services Inc. lifted its holdings in shares of Fidelity National Information Services by 254.5% during the 4th quarter. Hantz Financial Services Inc. now owns 833 shares of the information technology services provider's stock valued at $55,000 after buying an additional 598 shares during the period. Hedge funds and other institutional investors own 96.23% of the company's stock.

About Fidelity National Information Services

Fidelity National Information Services NYSE: FIS is a global provider of financial technology solutions and services for banks, capital markets firms, merchants and corporations. The company develops and delivers software, processing, and outsourcing services that support core banking, payments and merchant acquiring, wealth and retirement platforms, risk and compliance, and trading and capital markets operations. Its offerings include cloud-based and on-premises core banking systems, card processing and gateway services, e-commerce and point-of-sale payment solutions, and a range of back-office and advisory services designed to automate and modernize financial operations.

FIS serves a broad international client base across North America, Europe, Latin America, and the Asia-Pacific region through a combination of direct clients and partner channels.

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