Fidelity National Information Services (NYSE:FIS) Price Target Lowered to $50.00 at Cantor Fitzgerald

Key Points

• Cantor Fitzgerald lowered FIS’s price target from $55 to $50 while maintaining an “overweight” rating, implying 16.88% upside from the stock’s $42.78 price.
• Analyst sentiment is mixed: FIS has a consensus “Hold” rating and an average price target of $56.32, based on 12 Buy, 10 Hold, and one Sell ratings.
• FIS slightly exceeded quarterly earnings expectations, reporting $1.48 in EPS versus $1.47 expected, while revenue reached $3.38 billion and increased 29.1% year over year.

Fidelity National Information Services (NYSE:FIS - Get Free Report) had its price objective dropped by investment analysts at Cantor Fitzgerald from $55.00 to $50.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has an "overweight" rating on the information technology services provider's stock. Cantor Fitzgerald's price objective would indicate a potential upside of 16.88% from the stock's current price.

A number of other brokerages have also issued reports on FIS. BNP Paribas Exane dropped their price objective on shares of Fidelity National Information Services from $40.00 to $37.00 and set an "underperform" rating for the company in a report on Thursday, May 14th. Morgan Stanley initiated coverage on Fidelity National Information Services in a research report on Tuesday, July 7th. They set an "equal weight" rating and a $47.00 price objective for the company. The Goldman Sachs Group dropped their price target on shares of Fidelity National Information Services from $65.00 to $57.00 and set a "buy" rating for the company in a research report on Monday, May 11th. Truist Financial dropped their target price on shares of Fidelity National Information Services from $45.00 to $43.00 and set a "hold" rating for the company in a report on Friday, July 24th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on Fidelity National Information Services from $55.00 to $50.00 in a report on Monday, May 11th. Twelve investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Fidelity National Information Services presently has a consensus rating of "Hold" and an average price target of $56.32.

Fidelity National Information Services Price Performance

Shares of Fidelity National Information Services stock opened at $42.78 on Monday. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.96. Fidelity National Information Services has a twelve month low of $37.42 and a twelve month high of $72.91. The business has a 50-day moving average price of $41.14 and a 200 day moving average price of $45.86. The firm has a market cap of $22.11 billion, a PE ratio of 6.57, a P/E/G ratio of 0.42 and a beta of 0.77.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last issued 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. The company had revenue of $3.38 billion during the quarter, compared to analyst estimates of $3.38 billion. Fidelity National Information Services had a net margin of 27.64% and a return on equity of 20.95%. The firm's revenue was up 29.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.36 EPS. 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. Sell-side analysts predict that Fidelity National Information Services will post 6.19 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Salomon & Ludwin LLC grew its position in shares of Fidelity National Information Services by 100.5% during the fourth quarter. Salomon & Ludwin LLC now owns 387 shares of the information technology services provider's stock worth $26,000 after acquiring an additional 194 shares during the last quarter. MBM Wealth Consultants LLC purchased a new stake in Fidelity National Information Services in the 1st quarter valued at $33,000. Reflection Asset Management acquired a new stake in Fidelity National Information Services during the 4th quarter worth $34,000. Kemnay Advisory Services Inc. purchased a new position in Fidelity National Information Services during the 4th quarter worth $42,000. Finally, DV Equities LLC acquired a new position in Fidelity National Information Services in the fourth quarter valued at $48,000. Institutional investors and hedge funds 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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