Fidelity National Information Services (NYSE:FIS) Given New $44.00 Price Target at The Goldman Sachs Group

Fidelity National Information Services (NYSE:FIS) had its target price cut by investment analysts at The Goldman Sachs Group from $52.00 to $44.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The firm currently has a “buy” rating on the information technology services provider’s stock. The Goldman Sachs Group’s price target would suggest a potential upside of 28.49% from the stock’s current price.

A number of other brokerages have also recently weighed in on FIS. Weiss Ratings cut shares of Fidelity National Information Services from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, September 10th. Susquehanna reiterated a “neutral” rating and issued a $37.00 price objective (down from $46.00) on shares of Fidelity National Information Services in a report on Tuesday. Stephens reiterated an “equal weight” rating and set a $50.00 price objective on shares of Fidelity National Information Services in a research note on Tuesday, August 11th. Truist Financial dropped their target price on Fidelity National Information Services from $45.00 to $43.00 and set a “hold” rating on the stock in a report on Friday, July 24th. Finally, Barclays cut their target price on Fidelity National Information Services from $43.00 to $38.00 and set an “equal weight” rating for the company in a research report on Friday. Ten equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $51.04.

Fidelity National Information Services Stock Performance

Shares of FIS stock opened at $34.24 on Tuesday. Fidelity National Information Services has a 12-month low of $32.10 and a 12-month high of $68.98. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.53 and a quick ratio of 0.53. The firm has a market capitalization of $17.70 billion, a price-to-earnings ratio of 5.26, a price-to-earnings-growth ratio of 0.36 and a beta of 0.81. The business has a 50 day simple moving average of $38.59 and a 200 day simple moving average of $41.55.

Fidelity National Information Services (NYSE:FIS) last announced its earnings results on Tuesday, August 4th. The information technology services provider reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.01. Fidelity National Information Services had a return on equity of 20.95% and a net margin of 27.64%. The firm had revenue of $3.38 billion for the quarter, compared to the consensus estimate of $3.38 billion. During the same quarter in the previous year, the business earned $1.36 EPS. The firm’s revenue for the quarter was up 29.1% on a year-over-year basis. Fidelity National Information Services has set its FY 2026 guidance at 6.150-6.240 EPS and its Q3 2026 guidance at 1.580-1.620 EPS. On average, equities research analysts anticipate that Fidelity National Information Services will post 6.20 EPS for the current year.

Institutional Trading of Fidelity National Information Services

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new position in Fidelity National Information Services in the second quarter worth approximately $1,730,200,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in shares of Fidelity National Information Services during the 2nd quarter valued at $219,162,000. Bank of America Corp DE acquired a new stake in shares of Fidelity National Information Services during the 2nd quarter valued at $189,387,000. Arrowstreet Capital Limited Partnership boosted its stake in shares of Fidelity National Information Services by 228.7% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,015,663 shares of the information technology services provider’s stock worth $141,465,000 after acquiring an additional 2,098,139 shares in the last quarter. Finally, Legal & General Group Plc bought a new stake in shares of Fidelity National Information Services during the 2nd quarter worth $129,815,000. 96.23% of the stock is owned by institutional investors and hedge funds.

About Fidelity National Information Services

Fidelity National Information Services, Inc (NYSE:FIS) is a global financial technology company that provides software, payments, and transaction-processing solutions to financial institutions, businesses, and other organizations. Its offerings help clients manage banking operations, digital accounts, payments, risk, compliance, and customer relationships.

FIS provides core processing and digital banking platforms, payment processing and merchant solutions, fraud and security tools, and technology for lending, wealth management, and capital markets.