Fidelity National Information Services (NYSE:FIS) Stock Price Target Cut by TD Cowen

Fidelity National Information Services (NYSE:FIS) had its target price decreased by TD Cowen from $47.00 to $38.00 in a note issued to investors on Thursday, Benzinga reports. The firm presently has a “buy” rating on the information technology services provider’s stock. TD Cowen‘s price target would suggest a potential upside of 29.26% from the stock’s previous close.

Several other research firms also recently commented on FIS. Stephens started coverage on Fidelity National Information Services in a research note on Tuesday, August 11th. They issued an “equal weight” rating and a $50.00 price objective for the company. William Blair cut shares of Fidelity National Information Services from an “outperform” rating to a “market perform” rating in a research note on Wednesday. Weiss Ratings cut shares of Fidelity National Information Services from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, September 10th. Bank of America cut shares of Fidelity National Information Services from a “buy” rating to a “neutral” rating and reduced their target price for the company from $42.00 to $33.00 in a research report on Thursday. Finally, Oppenheimer downgraded shares of Fidelity National Information Services from an “outperform” rating to a “market perform” rating in a research note on Wednesday. Nine equities research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $43.24.

Fidelity National Information Services Price Performance

FIS stock traded down $0.36 during trading on Thursday, hitting $29.40. The stock had a trading volume of 13,002,112 shares, compared to its average volume of 6,231,707. Fidelity National Information Services has a twelve month low of $28.87 and a twelve month high of $68.37. The company’s 50-day moving average price is $36.70 and its two-hundred day moving average price is $43.48. 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 stock has a market capitalization of $15.20 billion, a P/E ratio of 4.50, a PEG ratio of 0.46 and a beta of 0.84.

Fidelity National Information Services (NYSE:FIS) last announced its earnings results on Wednesday, November 4th. The information technology services provider reported $1.61 EPS for the quarter, beating analysts’ consensus estimates of $1.60 by $0.01. The business had revenue of $3.45 billion during the quarter, compared to analysts’ expectations of $3.43 billion. Fidelity National Information Services had a return on equity of 20.95% and a net margin of 27.64%. The business’s revenue was up 27.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.51 earnings per share. As a group, research analysts predict that Fidelity National Information Services will post 6.20 EPS for the current fiscal year.

Insider Buying and Selling at Fidelity National Information Services

In other news, Director Jeffrey Goldstein acquired 1,585 shares of the company’s stock in a transaction that occurred on Thursday, October 15th. The stock was purchased at an average price of $36.40 per share, with a total value of $57,694.00. Following the completion of the acquisition, the director owned 18,697 shares of the company’s stock, valued at $680,570.80. This trade represents a 9.26% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.28% of the company’s stock.

Hedge Funds Weigh In On Fidelity National Information Services

A number of institutional investors have recently bought and sold shares of the company. AlphaCore Capital LLC increased its stake in Fidelity National Information Services by 127.5% in the third quarter. AlphaCore Capital LLC now owns 12,959 shares of the information technology services provider’s stock valued at $426,000 after purchasing an additional 7,262 shares during the last quarter. Leuthold Group LLC acquired a new stake in Fidelity National Information Services during the third quarter worth approximately $373,000. Fulcrum Asset Management LLP lifted its position in shares of Fidelity National Information Services by 34,707.0% during the 3rd quarter. Fulcrum Asset Management LLP now owns 89,106 shares of the information technology services provider’s stock worth $2,972,000 after buying an additional 88,850 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of Fidelity National Information Services by 20.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 28,480 shares of the information technology services provider’s stock worth $943,000 after buying an additional 4,803 shares during the last quarter. Finally, M Holdings Securities Inc. acquired a new position in shares of Fidelity National Information Services in the 3rd quarter valued at $166,000. 96.23% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Fidelity National Information Services

Here are the key news stories impacting Fidelity National Information Services this week:

• Positive Sentiment: Third-quarter adjusted EPS of $1.61 slightly beat the $1.60 consensus, while revenue of $3.45 billion topped estimates of $3.43 billion and rose 27.1% year over year. Read More.
• Negative Sentiment: FIS cut its 2026 adjusted EPS outlook to $5.82–$5.89, below the cited $6.20 analyst estimate. It also lowered its 2026 Banking Solutions revenue-growth forecast to 3.5%–4% from 5%–5.5%, citing delayed client conversions and project timing. Read More.
• Negative Sentiment: The company plans to halt share buybacks and defer some M&A as it focuses on paying down debt, limiting near-term capital returns. Read More.
• Negative Sentiment: CFO James Kehoe is stepping down, with Alexandra Brooks named interim CFO. The departure adds uncertainty during an already difficult outlook update. Read More.
• Negative Sentiment: Several firms lowered price targets, and Bank of America and RBC cut their ratings. These revisions reinforce investor concern about slower growth, even though the new targets generally remain above the share price. Read More.
• Neutral Sentiment: Shareholder-law firms announced investigations following the outlook reduction. These notices add headline risk but do not by themselves establish wrongdoing or predict the outcome. Read More.

Fidelity National Information Services Company Profile

Fidelity National Information Services, Inc (NYSE:FIS) is a global financial technology company that provides software, services and technology infrastructure to banks, financial institutions, merchants and other businesses. Its solutions are designed to support transaction processing, digital banking, payments, risk management and other essential financial operations.

FIS offers core banking and digital banking platforms, card and payment processing services, fraud and financial crime prevention tools, and technologies that help financial institutions manage accounts, lending and other banking activities.