Fidelity National Information Services (NYSE:FIS) Cut to “Hold” at Argus

Fidelity National Information Services (NYSE:FIS) was downgraded by analysts at Argus from a “buy” rating to a “hold” rating in a report released on Friday, Briefing.com reports.

A number of other equities research analysts have also issued reports on FIS. Cantor Fitzgerald dropped their target price on shares of Fidelity National Information Services from $50.00 to $45.00 and set an “overweight” rating for the company in a report on Friday, October 16th. Weiss Ratings downgraded shares of Fidelity National Information Services from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, September 10th. UBS Group restated an “outperform” rating on shares of Fidelity National Information Services in a research report on Thursday. Wolfe Research cut shares of Fidelity National Information Services from a “strong-buy” rating to a “hold” rating in a research note on Thursday. Finally, Stephens assumed coverage on shares of Fidelity National Information Services in a report on Tuesday, August 11th. They issued an “equal weight” rating and a $50.00 price objective for the company. Six research analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Fidelity National Information Services has an average rating of “Hold” and an average price target of $42.20.

Fidelity National Information Services Price Performance

NYSE:FIS opened at $29.40 on Friday. The stock has a 50 day moving average of $36.47 and a two-hundred day moving average of $43.31. Fidelity National Information Services has a 12 month low of $28.86 and a 12 month high of $68.37. The firm has a market cap of $15.20 billion, a P/E ratio of 4.39, a price-to-earnings-growth ratio of 0.36 and a beta of 0.84. The company has a current ratio of 0.55, a quick ratio of 0.53 and a debt-to-equity ratio of 0.93.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings results on Wednesday, November 4th. The information technology services provider reported $1.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.60 by $0.01. Fidelity National Information Services had a return on equity of 20.42% and a net margin of 26.77%. The firm had revenue of $3.45 billion for the quarter, compared to analyst estimates of $3.43 billion. During the same period in the previous year, the company posted $1.51 earnings per share. The business’s revenue was up 27.1% on a year-over-year basis. On average, analysts expect that Fidelity National Information Services will post 5.96 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Jeffrey Goldstein purchased 1,585 shares of the business’s stock in a transaction dated Thursday, October 15th. The stock was acquired at an average price of $36.40 per share, for a total transaction of $57,694.00. Following the acquisition, the director directly owned 18,697 shares of the company’s stock, valued at approximately $680,570.80. This represents a 9.26% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.28% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. purchased a new position in shares of Fidelity National Information Services during the 2nd quarter worth $1,730,200,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in Fidelity National Information Services in the second quarter valued at about $219,162,000. Bank of America Corp DE purchased a new position in Fidelity National Information Services during the second quarter worth about $189,387,000. Legal & General Group Plc purchased a new position in Fidelity National Information Services during the second quarter worth about $129,815,000. Finally, Perpetual Ltd increased its position in shares of Fidelity National Information Services by 32.9% during the third quarter. Perpetual Ltd now owns 3,262,131 shares of the information technology services provider’s stock valued at $107,324,000 after acquiring an additional 807,482 shares during the last quarter. 96.23% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting Fidelity National Information Services

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

• Positive Sentiment: Third-quarter adjusted earnings were $1.61 per share versus analysts’ $1.60 estimate, while revenue of $3.45 billion slightly exceeded expectations and rose 27.1% year over year. FIS Reports Third Quarter 2026 Results
• Neutral Sentiment: Analysts sharply lowered price targets, though views remain mixed: some maintained Buy or Outperform ratings, while others downgraded FIS to Neutral or Market Perform. TD Cowen rating
• Negative Sentiment: FIS cut its 2026 adjusted EPS outlook to $5.82–$5.89, below the $6.20 analyst consensus, and reduced its Banking Solutions growth forecast to 3.5%–4% from 5%–5.5%. The company cited customer project and conversion delays; expectations for a soft fourth quarter add to concerns. FIS Cuts Banking Growth Outlook Amid Project Delays
• Negative Sentiment: CFO James Kehoe is stepping down, with Alexandra Brooks named interim CFO. FIS is also halting buybacks and some M&A as it prioritizes debt reduction following its acquisition. The leadership change and reduced capital returns contributed to investor concern. FIS CFO transition announcement
• Negative Sentiment: Several brokerages downgraded FIS or cut targets after the revised outlook, and reports said the shares reached their lowest level in 14 years. Separate shareholder investigations have also been announced, though these notices do not establish wrongdoing. FIS shares drop to lowest level in 14 years

About Fidelity National Information Services

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.