Fidelity National Information Services (NYSE:FIS) Sets New 1-Year Low on Analyst Downgrade

Shares of Fidelity National Information Services, Inc. (NYSE:FIS) hit a new 52-week low on Wednesday after Truist Financial lowered their price target on the stock from $37.00 to $31.00. Truist Financial currently has a hold rating on the stock. Fidelity National Information Services traded as low as $27.93 and last traded at $28.7950, with a volume of 803,677 shares. The stock had previously closed at $28.31.

FIS has been the subject of a number of other reports. Keefe, Bruyette & Woods reduced their target price on shares of Fidelity National Information Services from $50.00 to $42.00 and set an “outperform” rating for the company in a research note on Thursday, November 5th. 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 report on Friday, September 25th. Royal Bank Of Canada downgraded Fidelity National Information Services from an “outperform” rating to a “sector perform” rating and reduced their price objective for the stock from $53.00 to $37.00 in a research report on Thursday, November 5th. Bank of America downgraded Fidelity National Information Services from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $42.00 to $33.00 in a research report on Thursday, November 5th. Finally, TD Cowen decreased their price objective on Fidelity National Information Services from $47.00 to $38.00 and set a “buy” rating for the company in a report on Thursday, November 5th. Six equities research analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $41.12.

Insider Transactions at Fidelity National Information Services

In related news, Director Kourtney Gibson purchased 1,800 shares of the company’s stock in a transaction on Friday, November 6th. The shares were bought at an average cost of $29.00 per share, for a total transaction of $52,200.00. Following the transaction, the director owned 5,903 shares of the company’s stock, valued at $171,187. This represents a 43.87% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, Director Jeffrey A. Goldstein purchased 1,585 shares of Fidelity National Information Services stock in a transaction dated Thursday, October 15th. The stock was bought at an average cost of $36.40 per share, with a total value of $57,694.00. Following the completion of the purchase, 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 disclosure for this purchase is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.28% of the company’s stock.

More Fidelity National Information Services News

Here’s some of the latest news about FIS:

• Negative Sentiment: Truist cut its price target to $31 from $37 and maintained a Hold rating. Bernstein also lowered its target to $31 from $48 and rated the shares Market Perform, reflecting reduced expectations for the stock.
• Negative Sentiment: Although FIS’s third-quarter EPS of $1.61 and revenue of $3.45 billion slightly beat consensus, the company’s fiscal 2026 adjusted EPS outlook was reportedly as much as $0.38 per share below Wall Street expectations. That guidance shortfall appears to be the key driver of the negative reaction. FIS stock drops after earnings report
• Negative Sentiment: A law firm announced a securities investigation related to FIS’s earnings and revised outlook. The notice adds headline risk, but is an investigation—not a finding of wrongdoing. Securities investigation notice

Institutional Investors Weigh In On Fidelity National Information Services

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

Fidelity National Information Services Stock Down 6.0%

The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.55 and a current ratio of 0.55. The company has a market cap of $14.63 billion, a P/E ratio of 4.24, a P/E/G ratio of 0.38 and a beta of 0.84. The stock has a 50 day moving average price of $35.24 and a 200 day moving average price of $42.52.

Fidelity National Information Services (NYSE:FIS) last announced its earnings results on Wednesday, November 4th. The information technology services provider reported $1.61 earnings per share for the quarter, beating the consensus estimate 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 20.42% and a net margin of 26.77%. The company’s quarterly revenue was up 27.1% on a year-over-year basis. During the same quarter last year, the business posted $1.51 earnings per share. Research analysts expect that Fidelity National Information Services, Inc. will post 5.85 earnings per share for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 28th. Shareholders of record on Monday, December 14th will be issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 6.2%. The ex-dividend date of this dividend is Monday, December 14th. Fidelity National Information Services’s dividend payout ratio is presently 26.27%.

About Fidelity National Information Services

Fidelity National Information Services, Inc. (FIS) provides financial technology and services to banks, credit unions, capital markets firms and other financial institutions. Its offerings include systems for processing transactions, managing accounts and supporting day-to-day financial operations. The company’s products and services also cover digital banking, payments, risk management, regulatory compliance, treasury operations and capital markets activities such as trading and securities processing.