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

Fidelity National Information Services (NYSE:FIS) had its price target dropped by equities researchers at Truist Financial from $50.00 to $45.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has a “hold” rating on the information technology services provider’s stock. Truist Financial’s price target indicates a potential upside of 7.18% from the company’s current price.

A number of other equities research analysts have also recently commented on the company. Deutsche Bank Aktiengesellschaft cut their target price on Fidelity National Information Services from $55.00 to $50.00 in a research note on Monday, May 11th. Stephens lowered their target price on Fidelity National Information Services from $85.00 to $65.00 and set an “overweight” rating on the stock in a report on Friday, May 8th. Wall Street Zen downgraded Fidelity National Information Services from a “buy” rating to a “hold” rating in a report on Sunday, May 17th. Wells Fargo & Company reduced their price target on Fidelity National Information Services from $81.00 to $67.00 and set an “overweight” rating for the company in a research report on Wednesday, February 25th. Finally, Wolfe Research reduced their price target on Fidelity National Information Services from $90.00 to $70.00 and set an “outperform” rating for the company in a research report on Wednesday, February 25th. Thirteen investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $61.33.

Fidelity National Information Services Stock Down 0.1%

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

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings results on Friday, May 8th. The information technology services provider reported $1.36 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.08. The company had revenue of $3.30 billion for the quarter, compared to analysts’ expectations of $3.28 billion. Fidelity National Information Services had a return on equity of 21.30% and a net margin of 23.35%.The firm’s revenue for the quarter was up 30.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.21 earnings per share. 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. As a group, equities research analysts forecast that Fidelity National Information Services will post 6.28 earnings per share for the current fiscal year.

Insider Activity

In other Fidelity National Information Services news, CEO Stephanie Ferris purchased 19,846 shares of the firm’s stock in a transaction that occurred on Thursday, March 5th. The stock was purchased at an average cost of $50.39 per share, with a total value of $1,000,039.94. Following the purchase, the chief executive officer owned 281,458 shares of the company’s stock, valued at approximately $14,182,668.62. The trade was a 7.59% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.28% of the company’s stock.

Institutional Investors Weigh In On Fidelity National Information Services

Institutional investors and hedge funds have recently modified their holdings of the business. Salomon & Ludwin LLC lifted its stake in shares of 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 shares of Fidelity National Information Services during the 3rd quarter worth approximately $29,000. LRI Investments LLC lifted its stake in shares of 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 worth $29,000 after acquiring an additional 374 shares during the last quarter. GoalVest Advisory LLC purchased a new position in Fidelity National Information Services during the 4th quarter worth $33,000. Finally, Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of Fidelity National Information Services by 251.4% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 506 shares of the information technology services provider’s stock valued at $34,000 after acquiring an additional 362 shares during the period. 96.23% of the stock is owned by institutional investors.

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.