The Goldman Sachs Group Has Lowered Expectations for Fidelity National Information Services (NYSE:FIS) Stock Price

Key Points

• Goldman Sachs cut its FIS price target from $52 to $44 while maintaining a “buy” rating, implying roughly 28.5% upside from the prior close.
• Analyst sentiment is mixed: FIS has an average “hold” rating and a $51.04 consensus target, with several firms recently lowering their price objectives.
• FIS shares opened at $34.24, near their 12-month low of $32.10. The company recently exceeded quarterly EPS expectations, reporting $1.48 versus the $1.47 consensus, while revenue rose 29.1% year over year.

Fidelity National Information Services (NYSE:FIS - Get Free Report) had its price target decreased by investment analysts at The Goldman Sachs Group from $52.00 to $44.00 in a note issued to investors on Tuesday, Benzinga reports. The firm presently has a "buy" rating on the information technology services provider's stock. The Goldman Sachs Group's price objective would suggest a potential upside of 28.49% from the company's previous close.

A number of other research firms have also issued reports on FIS. UBS Group reissued a "neutral" rating on shares of Fidelity National Information Services in a report on Monday, September 21st. Deutsche Bank Aktiengesellschaft reduced their price objective on Fidelity National Information Services from $45.00 to $40.00 and set a "hold" rating for the company in a research note on Tuesday, September 29th. Cantor Fitzgerald lowered their price objective on shares of Fidelity National Information Services from $55.00 to $50.00 and set an "overweight" rating on the stock in a research report on Monday, August 10th. Susquehanna reissued a "neutral" rating and issued a $37.00 price objective (down from $46.00) on shares of Fidelity National Information Services in a research note on Tuesday. Finally, TD Cowen lowered their target price on shares of Fidelity National Information Services from $53.00 to $47.00 and set a "buy" rating on the stock in a report on Friday. Ten equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat.com, Fidelity National Information Services presently has an average rating of "Hold" and an average target price of $51.04.

Fidelity National Information Services Stock Up 0.6%

Shares of NYSE:FIS opened at $34.24 on Tuesday. The firm has a 50 day simple moving average of $38.59 and a 200-day simple moving average of $41.55. Fidelity National Information Services has a twelve month low of $32.10 and a twelve month high of $68.98. 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 $17.70 billion, a PE ratio of 5.26, a P/E/G ratio of 0.36 and a beta of 0.81.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last announced its quarterly 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 net margin of 27.64% and a return on equity of 20.95%. The firm had revenue of $3.38 billion for the quarter, compared to analyst estimates of $3.38 billion. During the same period last year, the business earned $1.36 EPS. Fidelity National Information Services's revenue for the quarter 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. On average, equities analysts predict that Fidelity National Information Services will post 6.20 EPS for the current fiscal year.

Institutional Trading of Fidelity National Information Services

Several large investors have recently modified their holdings of the business. Rexford Capital Inc. boosted its holdings in shares of Fidelity National Information Services by 16.1% during the first quarter. Rexford Capital Inc. now owns 1,656 shares of the information technology services provider's stock valued at $78,000 after acquiring an additional 230 shares during the period. Azzad Asset Management Inc. ADV grew its position in shares of 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 acquiring an additional 250 shares during the last quarter. Dynamic Advisor Solutions LLC increased its holdings in shares of Fidelity National Information Services by 4.8% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 6,316 shares of the information technology services provider's stock worth $246,000 after acquiring an additional 290 shares during the period. New England Capital Financial Advisors LLC increased its holdings in shares of Fidelity National Information Services by 21.8% in 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 acquiring an additional 303 shares during the period. Finally, Bleakley Financial Group LLC lifted its position in Fidelity National Information Services by 0.3% in 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 purchasing an additional 328 shares during the last quarter. 96.23% of the stock is currently owned by institutional investors and hedge funds.

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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