Truist Financial Has Lowered Expectations for Fidelity National Information Services (NYSE:FIS) Stock Price

Key Points

• Truist Financial cut its price target on Fidelity National Information Services (NYSE:FIS) from $50 to $45, while keeping a Hold rating on the stock.
• The broader analyst view remains mixed but constructive: FIS has an average Moderate Buy rating and a consensus price target of $61.33, though several firms have recently lowered their targets.
• FIS reported better-than-expected Q1 earnings, with EPS of $1.36 versus $1.28 expected and revenue of $3.30 billion, while also reaffirming guidance for FY2026 and Q2 2026.

Fidelity National Information Services (NYSE:FIS - Get Free Report) had its price objective reduced by stock analysts at Truist Financial from $50.00 to $45.00 in a note issued to investors on Thursday,Benzinga reports. The firm currently has a "hold" rating on the information technology services provider's stock. Truist Financial's price target suggests a potential upside of 7.18% from the stock's previous close.

Other equities research analysts have also recently issued research reports about the stock. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Fidelity National Information Services from $55.00 to $50.00 in a research report on Monday, May 11th. Wells Fargo & Company reduced their price target on shares of Fidelity National Information Services from $81.00 to $67.00 and set an "overweight" rating for the company in a report on Wednesday, February 25th. JPMorgan Chase & Co. cut their price objective on shares of Fidelity National Information Services from $80.00 to $65.00 and set an "overweight" rating on the stock in a research report on Thursday, February 12th. Royal Bank Of Canada dropped their price target on shares of Fidelity National Information Services from $69.00 to $57.00 and set an "outperform" rating on the stock in a research report on Friday, May 8th. Finally, Raymond James Financial dropped their price objective on shares of Fidelity National Information Services from $82.00 to $60.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 25th. Thirteen analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $61.33.

Fidelity National Information Services Price Performance

Shares of NYSE FIS traded down $0.03 during trading on Thursday, reaching $41.99. The company had a trading volume of 1,360,156 shares, compared to its average volume of 5,766,724. Fidelity National Information Services has a 52 week low of $41.33 and a 52 week high of $82.74. The stock has a market cap of $21.70 billion, a PE ratio of 8.14, a PEG ratio of 0.41 and a beta of 0.82. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.59 and a current ratio of 0.59. The business's 50 day moving average price is $45.96 and its 200-day moving average price is $54.84.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last announced its earnings results on Friday, May 8th. The information technology services provider reported $1.36 earnings per share for the quarter, topping analysts' consensus estimates of $1.28 by $0.08. Fidelity National Information Services had a net margin of 23.35% and a return on equity of 21.30%. The company had revenue of $3.30 billion during the quarter, compared to the consensus estimate of $3.28 billion. During the same period in the previous year, the firm posted $1.21 earnings per share. The company's revenue was up 30.1% on a year-over-year basis. Fidelity National Information Services has set its FY 2026 guidance at 6.220-6.320 EPS and its Q2 2026 guidance at 1.450-1.490 EPS. Analysts expect that Fidelity National Information Services will post 6.28 earnings per share for the current year.

Insider Activity at Fidelity National Information Services

In related news, CEO Stephanie Ferris acquired 19,846 shares of Fidelity National Information Services stock in a transaction dated Thursday, March 5th. The stock was bought at an average price of $50.39 per share, with a total value of $1,000,039.94. Following the transaction, the chief executive officer directly owned 281,458 shares in the company, valued at $14,182,668.62. This represents a 7.59% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. 0.28% of the stock is currently owned by company insiders.

Institutional Trading of Fidelity National Information Services

Several hedge funds have recently bought and sold shares of the business. Salomon & Ludwin LLC boosted its holdings in Fidelity National Information Services by 100.5% during the 4th 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. Raiffeisen Bank International AG bought a new stake in Fidelity National Information Services in the 3rd quarter valued at about $29,000. LRI Investments LLC grew its holdings in Fidelity National Information Services by 613.1% during the 3rd quarter. LRI Investments LLC now owns 435 shares of the information technology services provider's stock valued at $29,000 after buying an additional 374 shares in the last quarter. GoalVest Advisory LLC purchased a new position in Fidelity National Information Services during the 4th quarter valued at about $33,000. Finally, Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of Fidelity National Information Services by 251.4% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 506 shares of the information technology services provider's stock worth $34,000 after purchasing an additional 362 shares in the last quarter. Institutional investors and hedge funds own 96.23% of the company's stock.

Fidelity National Information Services Company Profile

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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