Fidelity National Information Services (NYSE:FIS) Rating Lowered to Neutral at Bank of America

Fidelity National Information Services (NYSE:FIS) was downgraded by Bank of America from a “buy” rating to a “neutral” rating in a report released on Thursday, Marketbeat Ratings reports. They presently have a $33.00 price target on the information technology services provider’s stock, down from their previous price target of $42.00. Bank of America‘s target price points to a potential upside of 15.12% from the company’s current price.

Several other equities research analysts have also recently commented on FIS. Wells Fargo & Company cut shares of Fidelity National Information Services from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $58.00 to $46.00 in a research report on Tuesday, August 25th. JPMorgan Chase & Co. lowered shares of Fidelity National Information Services from an “overweight” rating to a “neutral” rating and set a $38.00 target price for the company. in a report on Wednesday. The Goldman Sachs Group dropped their target price on shares of Fidelity National Information Services from $52.00 to $44.00 and set a “buy” rating for the company in a research report on Tuesday, October 13th. Wolfe Research increased their price target on Fidelity National Information Services from $53.00 to $54.00 and gave the company an “outperform” rating in a research note on Tuesday, August 25th. Finally, Robert W. Baird cut their price target on Fidelity National Information Services from $48.00 to $45.00 and set a “neutral” rating on the stock in a research note on Friday, September 25th. 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. According to data from MarketBeat, Fidelity National Information Services has an average rating of “Hold” and an average target price of $42.20.

Fidelity National Information Services Trading Down 2.5%

FIS traded down $0.72 during mid-day trading on Thursday, reaching $28.66. The stock had a trading volume of 11,110,789 shares, compared to its average volume of 5,734,265. The firm’s fifty day simple moving average is $36.23 and its two-hundred day simple moving average is $43.15. The stock has a market capitalization of $14.82 billion, a P/E ratio of 4.28, a P/E/G ratio of 0.47 and a beta of 0.84. Fidelity National Information Services has a 52 week low of $28.39 and a 52 week high of $68.37. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.53 and a current ratio of 0.53.

Fidelity National Information Services (NYSE:FIS) last released its earnings results on Wednesday, November 4th. The information technology services provider reported $1.61 earnings per share for the quarter, topping analysts’ consensus estimates of $1.60 by $0.01. The company had revenue of $3.45 billion during the quarter, compared to the consensus estimate of $3.43 billion. Fidelity National Information Services had a return on equity of 20.95% and a net margin of 27.64%. The firm’s quarterly revenue was up 27.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.51 earnings per share. On average, equities analysts predict that Fidelity National Information Services will post 5.89 EPS for the current year.

Insider Buying and Selling

In other news, Director Jeffrey Goldstein bought 1,585 shares of the business’s stock in a transaction on Thursday, October 15th. The shares were bought at an average cost of $36.40 per share, for a total transaction of $57,694.00. Following the completion of the acquisition, the director owned 18,697 shares in the company, valued at approximately $680,570.80. This trade represents a 9.26% increase in their position. The acquisition was disclosed in a legal 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. Insiders own 0.28% of the company’s stock.

Hedge Funds Weigh In On Fidelity National Information Services

Several institutional investors and hedge funds have recently made changes to their positions in FIS. Pension & Wealth Management Advisors Inc. acquired a new stake in Fidelity National Information Services during the 3rd quarter worth $35,000. First Command Advisory Services Inc. increased its holdings in shares of Fidelity National Information Services by 362.9% in the third quarter. First Command Advisory Services Inc. now owns 1,134 shares of the information technology services provider’s stock worth $37,000 after acquiring an additional 889 shares in the last quarter. N.E.W. Advisory Services LLC bought a new stake in shares of Fidelity National Information Services in the second quarter worth about $58,000. Bank & Trust Co acquired a new stake in shares of Fidelity National Information Services during the third quarter worth about $51,000. Finally, Pinnacle Wealth Planning Services Inc. raised its position in shares of Fidelity National Information Services by 96.8% during the third quarter. Pinnacle Wealth Planning Services Inc. now owns 1,976 shares of the information technology services provider’s stock worth $65,000 after purchasing an additional 972 shares during the period. Institutional investors and hedge funds own 96.23% of the company’s stock.

Key Stories Impacting Fidelity National Information Services

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

• Neutral Sentiment: Some analysts still see potential upside: TD Cowen, Goldman Sachs and Keefe, Bruyette & Woods retained positive ratings, although each reduced its price target. TD Cowen rating
• Negative Sentiment: FIS lowered its fiscal 2026 outlook, a key catalyst behind the selloff. The company also said CFO James Kehoe will step down, with Alexandra Brooks named interim CFO—adding uncertainty during a period of weaker expectations. FIS outlook and CFO transition
• Negative Sentiment: Analyst sentiment has broadly weakened. Argus and Wolfe Research cut their ratings to Hold; Bank of America, JPMorgan, RBC and others also moved to more cautious ratings. UBS, Citi, Barclays, Piper Sandler and several peers lowered price targets, signaling reduced expectations. Argus downgrade
• Negative Sentiment: Bank of America cited the possibility of delayed capital returns as an additional concern, while shareholder-law firms announced investigations into potential securities claims. These notices are not findings of wrongdoing, but may add reputational and legal uncertainty. BofA downgrade and capital-return concern

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.