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

Fidelity National Information Services (NYSE:FIS) had its price target reduced by stock analysts at The Goldman Sachs Group from $52.00 to $44.00 in a research note issued on Tuesday, Benzinga reports. The brokerage 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 24.05% from the stock’s current price.

Other equities analysts have also recently issued research reports about the company. Barclays cut their price objective on Fidelity National Information Services from $43.00 to $38.00 and set an “equal weight” rating for the company in a research report on Friday, October 9th. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $46.00 target price (down from $58.00) on shares of Fidelity National Information Services in a report on Tuesday, August 25th. Keefe, Bruyette & Woods lowered their target price on Fidelity National Information Services from $60.00 to $56.00 and set an “outperform” rating on the stock in a report on Wednesday, August 5th. TD Cowen dropped their price target on Fidelity National Information Services from $53.00 to $47.00 and set a “buy” rating on the stock in a research report on Friday, October 9th. Finally, Robert W. Baird cut their price target on Fidelity National Information Services from $48.00 to $45.00 and set a “neutral” rating for the company in a report on Friday, September 25th. Ten equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $50.25.

Fidelity National Information Services Stock Performance

Shares of FIS opened at $35.47 on Tuesday. The company has a market capitalization of $18.33 billion, a PE ratio of 5.45, a price-to-earnings-growth ratio of 0.37 and a beta of 0.81. Fidelity National Information Services has a one year low of $32.10 and a one year high of $68.98. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.53 and a quick ratio of 0.53. The company’s fifty day moving average price is $38.26 and its 200 day moving average price is $41.38.

Fidelity National Information Services (NYSE:FIS) last released its earnings results on Tuesday, August 4th. The information technology services provider reported $1.48 earnings per share for the quarter, topping analysts’ consensus estimates of $1.47 by $0.01. The firm 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 business’s revenue was up 29.1% on a year-over-year basis. During the same quarter in the previous year, the business 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. As a group, analysts expect that Fidelity National Information Services will post 6.20 earnings per share for the current year.

Institutional Investors Weigh In On Fidelity National Information Services

Institutional investors and hedge funds have recently bought and sold shares of the business. First Citizens Bank & Trust Co. bought a new stake in Fidelity National Information Services in the third quarter valued at about $541,000. Perpetual Ltd raised its position in Fidelity National Information Services by 32.9% in the third quarter. Perpetual Ltd now owns 3,262,131 shares of the information technology services provider’s stock worth $107,324,000 after purchasing an additional 807,482 shares in the last quarter. GAMMA Investing LLC raised its position in Fidelity National Information Services by 4.7% in the third quarter. GAMMA Investing LLC now owns 7,772 shares of the information technology services provider’s stock worth $256,000 after purchasing an additional 349 shares in the last quarter. Investors Research Corp raised its position in Fidelity National Information Services by 4.6% in the third quarter. Investors Research Corp now owns 8,450 shares of the information technology services provider’s stock worth $278,000 after purchasing an additional 369 shares in the last quarter. Finally, Bank & Trust Co bought a new position in Fidelity National Information Services during the third quarter worth about $51,000. Institutional investors own 96.23% of the company’s stock.

About Fidelity National Information Services

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.