Fidelity National Information Services (NYSE:FIS) Given New $62.00 Price Target at TD Cowen

Fidelity National Information Services (NYSE:FIS) had its target price cut by research analysts at TD Cowen from $78.00 to $62.00 in a research report issued on Tuesday,Fidelity reports. The firm presently has a “buy” rating on the information technology services provider’s stock. TD Cowen’s price objective points to a potential upside of 46.76% from the company’s previous close.

Several other brokerages have also weighed in on FIS. The Goldman Sachs Group lowered their target price on shares of Fidelity National Information Services from $65.00 to $57.00 and set a “buy” rating for the company in a research note on Monday. Keefe, Bruyette & Woods lowered their price objective on shares of Fidelity National Information Services from $72.00 to $68.00 and set an “outperform” rating for the company in a research report on Tuesday, April 7th. JPMorgan Chase & Co. cut their price objective on Fidelity National Information Services from $80.00 to $65.00 and set an “overweight” rating on the stock in a report on Thursday, February 12th. Compass Point decreased their target price on Fidelity National Information Services from $90.00 to $81.00 and set a “buy” rating for the company in a report on Tuesday, January 13th. Finally, UBS Group dropped their price objective on shares of Fidelity National Information Services from $73.00 to $63.00 and set a “buy” rating on the stock in a research report on Monday. Thirteen investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $61.71.

Fidelity National Information Services Price Performance

Shares of Fidelity National Information Services stock traded down $0.11 on Tuesday, hitting $42.25. 614,706 shares of the company were exchanged, compared to its average volume of 5,596,883. Fidelity National Information Services has a 1-year low of $41.63 and a 1-year high of $82.74. The stock has a market capitalization of $21.84 billion, a price-to-earnings ratio of 8.17, a price-to-earnings-growth ratio of 0.43 and a beta of 0.82. The company has a 50-day moving average price of $47.78 and a 200 day moving average price of $56.69. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 1.05.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings results on Friday, May 8th. The information technology services provider reported $1.36 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.08. The firm had revenue of $3.30 billion for the quarter, compared to analysts’ expectations of $3.28 billion. Fidelity National Information Services had a net margin of 23.35% and a return on equity of 21.30%. The company’s revenue was up 30.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.21 EPS. Fidelity National Information Services has set its FY 2026 guidance at 6.220-6.320 EPS and its Q2 2026 guidance at 1.450-1.490 EPS. As a group, sell-side analysts predict that Fidelity National Information Services will post 6.28 earnings per share for the current fiscal year.

Insider Buying and Selling at Fidelity National Information Services

In related news, CEO Stephanie Ferris bought 19,846 shares of the company’s stock in a transaction dated Thursday, March 5th. The shares were acquired at an average price of $50.39 per share, with a total value of $1,000,039.94. Following the completion of the acquisition, the chief executive officer owned 281,458 shares in the company, valued at approximately $14,182,668.62. This trade represents a 7.59% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.28% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in FIS. Oslo Pensjonsforsikring AS acquired a new position in Fidelity National Information Services during the first quarter worth $288,000. KBC Group NV boosted its position in Fidelity National Information Services by 2.8% during the first quarter. KBC Group NV now owns 111,871 shares of the information technology services provider’s stock worth $5,248,000 after purchasing an additional 3,037 shares in the last quarter. SEB Asset Management AB purchased a new stake in Fidelity National Information Services during the first quarter worth $4,910,000. Swiss National Bank grew its holdings in Fidelity National Information Services by 6.1% in the first quarter. Swiss National Bank now owns 1,519,746 shares of the information technology services provider’s stock valued at $71,291,000 after purchasing an additional 87,800 shares during the last quarter. Finally, AIA Group Ltd increased its position in shares of Fidelity National Information Services by 59.2% in the first quarter. AIA Group Ltd now owns 137,810 shares of the information technology services provider’s stock valued at $6,465,000 after buying an additional 51,256 shares in the last quarter. 96.23% of the stock is currently owned by institutional investors and hedge funds.

Fidelity National Information Services News Summary

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

• Positive Sentiment: FIS was selected by Commonwealth Bank of Australia to streamline reconciliations using FIS Data Integrity Manager, a contract that will handle more than 150 million transactions per day and highlights continued demand for its financial technology products. Article: FIS Selected to Streamline Reconciliations for Australia’s Largest Bank
• Neutral Sentiment: Goldman Sachs cut its price target on FIS to $57 from $65 but kept a buy rating, suggesting confidence in the company despite a lower valuation view.
• Neutral Sentiment: UBS lowered its target to $63 from $73 while maintaining a buy rating, indicating analysts still see meaningful upside even after trimming expectations.
• Neutral Sentiment: Cantor Fitzgerald cut its target to $55 from $62 and reiterated an overweight rating, another sign that the sell-side remains constructive overall but more cautious on near-term upside.
• Negative Sentiment: Several analyst target cuts may be contributing to the stock’s weakness, as they point to more conservative expectations for FIS’s near-term share price performance.

Fidelity National Information Services Company Profile

Fidelity National Information Services (NYSE: FIS) is a global provider of financial technology solutions and services for banks, capital markets firms, merchants and corporations. The company develops and delivers software, processing, and outsourcing services that support core banking, payments and merchant acquiring, wealth and retirement platforms, risk and compliance, and trading and capital markets operations. Its offerings include cloud-based and on-premises core banking systems, card processing and gateway services, e-commerce and point-of-sale payment solutions, and a range of back-office and advisory services designed to automate and modernize financial operations.

FIS serves a broad international client base across North America, Europe, Latin America, and the Asia-Pacific region through a combination of direct clients and partner channels.