Fidelity National Information Services (NYSE:FIS) Price Target Cut to $30.00 by Analysts at Citigroup

Fidelity National Information Services (NYSE:FIS) had its price objective reduced by analysts at Citigroup from $39.00 to $30.00 in a research report issued on Thursday, Benzinga reports. The firm presently has a “neutral” rating on the information technology services provider’s stock. Citigroup‘s price target points to a potential upside of 2.05% from the company’s current price.

FIS has been the topic of several other research reports. Oppenheimer cut shares of Fidelity National Information Services from an “outperform” rating to a “market perform” rating in a report on Wednesday. TD Cowen decreased their target price on Fidelity National Information Services from $47.00 to $38.00 and set a “buy” rating for the company in a research report on Thursday. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Fidelity National Information Services from $45.00 to $40.00 and set a “hold” rating for the company in a research report on Tuesday, September 29th. UBS Group reissued an “outperform” rating on shares of Fidelity National Information Services in a report on Thursday. Finally, Truist Financial cut their price target on shares of Fidelity National Information Services from $43.00 to $37.00 and set a “hold” rating on the stock in a report on Friday, October 23rd. Nine research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $42.88.

Fidelity National Information Services Price Performance

Shares of Fidelity National Information Services stock traded down $0.36 during trading on Thursday, hitting $29.40. 18,191,257 shares of the stock traded hands, compared to its average volume of 6,244,167. The stock has a market cap of $15.20 billion, a price-to-earnings ratio of 4.52, a PEG ratio of 0.46 and a beta of 0.84. The firm’s fifty day moving average is $36.70 and its 200-day moving average is $43.48. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.96. Fidelity National Information Services has a 52 week low of $28.87 and a 52 week high of $68.37.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings results on Wednesday, November 4th. The information technology services provider reported $1.61 EPS for the quarter, topping the consensus estimate of $1.60 by $0.01. Fidelity National Information Services had a net margin of 27.64% and a return on equity of 20.95%. The firm had revenue of $3.45 billion for the quarter, compared to the consensus estimate of $3.43 billion. During the same period last year, the firm posted $1.51 earnings per share. The business’s revenue was up 27.1% compared to the same quarter last year. Research analysts expect that Fidelity National Information Services will post 6.20 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Jeffrey Goldstein acquired 1,585 shares of Fidelity National Information Services stock in a transaction dated Thursday, October 15th. The stock was purchased 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 directly owned 18,697 shares in the company, valued at approximately $680,570.80. This trade represents a 9.26% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through 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 large investors have recently made changes to their positions in the business. Pension & Wealth Management Advisors Inc. bought a new position in Fidelity National Information Services in the 3rd quarter worth approximately $35,000. N.E.W. Advisory Services LLC bought a new stake in shares of Fidelity National Information Services in the 2nd quarter worth about $58,000. Bank & Trust Co bought a new position in shares of Fidelity National Information Services in the 3rd quarter valued at about $51,000. Pinnacle Wealth Planning Services Inc. lifted its holdings in shares of Fidelity National Information Services by 96.8% in the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 1,976 shares of the information technology services provider’s stock valued at $65,000 after acquiring an additional 972 shares during the last quarter. Finally, Raleigh Capital Management Inc. purchased a new position in Fidelity National Information Services in the third quarter worth about $71,000. 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 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.