Fidelity National Information Services (NYSE:FIS) Price Target Lowered to $50.00 at Truist Financial

Fidelity National Information Services (NYSE:FIS) had its price target cut by Truist Financial from $57.00 to $50.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has a “hold” rating on the information technology services provider’s stock. Truist Financial’s price target would suggest a potential upside of 9.27% from the company’s current price.

Other research analysts also recently issued reports about the company. Keefe, Bruyette & Woods cut their price objective on 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. UBS Group cut their price objective on Fidelity National Information Services from $83.00 to $73.00 and set a “buy” rating for the company in a research report on Wednesday, February 25th. Royal Bank Of Canada cut their price target on Fidelity National Information Services from $86.00 to $69.00 and set an “outperform” rating for the company in a report on Tuesday, February 24th. BNP Paribas Exane reduced their price target on Fidelity National Information Services from $47.00 to $40.00 and set an “underperform” rating on the stock in a research note on Friday, April 10th. Finally, Wolfe Research reduced their price target on Fidelity National Information Services from $90.00 to $70.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 25th. Thirteen equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Fidelity National Information Services has an average rating of “Moderate Buy” and an average price target of $67.10.

Fidelity National Information Services Price Performance

Shares of Fidelity National Information Services stock traded up $0.02 during trading on Friday, hitting $45.76. 509,436 shares of the company were exchanged, compared to its average volume of 5,484,555. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.65. Fidelity National Information Services has a fifty-two week low of $43.29 and a fifty-two week high of $82.74. The stock has a market capitalization of $23.54 billion, a price-to-earnings ratio of 62.57, a P/E/G ratio of 0.47 and a beta of 0.90. The firm has a 50 day moving average price of $48.32 and a 200 day moving average price of $58.35.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings data on Tuesday, February 24th. The information technology services provider reported $1.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.69 by ($0.01). Fidelity National Information Services had a return on equity of 21.21% and a net margin of 3.58%.The company had revenue of $2.81 billion for the quarter, compared to analyst estimates of $2.74 billion. During the same quarter in the prior year, the firm earned $1.40 earnings per share. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. Fidelity National Information Services has set its Q1 2026 guidance at 1.260-1.300 EPS and its FY 2026 guidance at 6.220-6.320 EPS. On average, equities analysts expect 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 other Fidelity National Information Services news, CEO Stephanie Ferris purchased 19,846 shares of Fidelity National Information Services stock in a transaction on Thursday, March 5th. The shares were bought at an average price of $50.39 per share, with a total value of $1,000,039.94. Following the purchase, the chief executive officer directly owned 281,458 shares in the company, valued at $14,182,668.62. This trade represents a 7.59% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.21% of the stock is currently owned by corporate insiders.

Institutional Trading of Fidelity National Information Services

Institutional investors and hedge funds have recently made changes to their positions in the company. Nordea Investment Management AB increased its holdings in shares of Fidelity National Information Services by 15.4% during the 4th quarter. Nordea Investment Management AB now owns 1,440,210 shares of the information technology services provider’s stock worth $96,048,000 after buying an additional 191,957 shares during the last quarter. AGF Management Ltd. acquired a new stake in shares of Fidelity National Information Services during the 3rd quarter worth $3,096,000. Clear Trail Advisors LLC acquired a new stake in shares of Fidelity National Information Services during the 4th quarter worth $2,590,000. Independent Advisor Alliance increased its holdings in shares of Fidelity National Information Services by 177.8% during the 3rd quarter. Independent Advisor Alliance now owns 39,987 shares of the information technology services provider’s stock worth $2,637,000 after buying an additional 25,593 shares during the last quarter. Finally, Assetmark Inc. increased its holdings in Fidelity National Information Services by 45.1% in the 3rd quarter. Assetmark Inc. now owns 265,518 shares of the information technology services provider’s stock valued at $17,508,000 after purchasing an additional 82,518 shares in the last quarter. 96.23% of the stock is currently owned by institutional investors and hedge funds.

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.