Fidelity National Information Services (NYSE:FIS) Cut to Sector Perform at Royal Bank Of Canada

Fidelity National Information Services (NYSE:FIS) was downgraded by equities research analysts at Royal Bank Of Canada from an “outperform” rating to a “sector perform” rating in a report issued on Thursday, Briefing.com reports. They presently have a $37.00 price objective on the information technology services provider’s stock. Royal Bank Of Canada‘s price objective would suggest a potential upside of 23.87% from the company’s current price.

Several other equities research analysts also recently issued reports on the company. Keefe, Bruyette & Woods cut their price objective on Fidelity National Information Services from $60.00 to $56.00 and set an “outperform” rating on the stock in a report on Wednesday, August 5th. Citigroup cut their price target on shares of Fidelity National Information Services from $45.00 to $39.00 and set a “neutral” rating on the stock in a research note on Friday, October 16th. Stephens assumed coverage on shares of Fidelity National Information Services in a research report on Tuesday, August 11th. They set an “equal weight” rating and a $50.00 price target on the stock. Truist Financial lowered their price objective on shares of Fidelity National Information Services from $43.00 to $37.00 and set a “hold” rating for the company in a research note on Friday, October 23rd. Finally, Raymond James Financial restated an “outperform” rating and issued a $35.00 price objective on shares of Fidelity National Information Services in a report on Wednesday. Nine research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $46.00.

Fidelity National Information Services Stock Performance

Shares of FIS stock opened at $29.87 on Thursday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.53 and a current ratio of 0.53. The firm has a market cap of $15.44 billion, a P/E ratio of 4.59, a P/E/G ratio of 0.46 and a beta of 0.84. The firm’s 50 day moving average price is $36.70 and its 200-day moving average price is $43.48. Fidelity National Information Services has a one year low of $29.15 and a one year high of $68.37.

Fidelity National Information Services (NYSE:FIS) last posted 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. 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 during the quarter, compared to the consensus estimate of $3.43 billion. During the same quarter last year, the firm earned $1.51 EPS. The firm’s revenue for the quarter was up 27.1% on a year-over-year basis. As a group, equities research analysts predict that Fidelity National Information Services will post 6.20 EPS for the current year.

Insider Transactions at Fidelity National Information Services

In other news, Director Jeffrey Goldstein acquired 1,585 shares of the company’s stock in a transaction on Thursday, October 15th. The shares were bought at an average cost of $36.40 per share, with a total value of $57,694.00. Following the transaction, 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.28% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Fidelity National Information Services

Institutional investors have recently modified their holdings of the company. BlackRock Inc. acquired a new stake in Fidelity National Information Services in the second quarter valued at $1,730,200,000. South Dakota Investment Council boosted its position in shares of Fidelity National Information Services by 46.2% during the 1st quarter. South Dakota Investment Council now owns 228,021 shares of the information technology services provider’s stock worth $10,696,000 after acquiring an additional 72,040 shares in the last quarter. Bank of Nova Scotia acquired a new position in shares of Fidelity National Information Services during the 2nd quarter worth about $2,448,000. Nykredit A S purchased a new position in shares of Fidelity National Information Services in the 2nd quarter valued at about $5,143,000. Finally, OMERS ADMINISTRATION Corp purchased a new position in shares of Fidelity National Information Services in the 2nd quarter valued at about $10,891,000. 96.23% of the stock is owned by hedge funds and other institutional investors.

More Fidelity National Information Services News

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

• Positive Sentiment: FIS reported third-quarter adjusted EPS of $1.61 versus the $1.60 consensus estimate, while revenue of $3.45 billion topped expectations of $3.43 billion and rose 27.1% year over year. FIS Reports Third Quarter 2026 Results
• Neutral Sentiment: FIS says client demand remains strong and is continuing to invest in security and innovation, though the near-term impact of these investments and delayed projects remains a concern. FIS Cuts Banking Growth Outlook Amid Project Delays
• Negative Sentiment: The company cut its 2026 adjusted EPS outlook to $5.82–$5.89, below the FactSet estimate of $6.20. It also reduced its 2026 Banking Solutions growth forecast to 3.5%–4% from 5%–5.5%, citing delayed client conversions and bank-consolidation timing. FIS 2026 Adjusted EPS Outlook
• Negative Sentiment: CFO James Kehoe will step down effective November 5, with CFO duties passing to interim appointee Alexandra Brooks. The timing adds uncertainty as investors assess the lowered outlook. FIS Announces CFO Transition
• Negative Sentiment: FIS is halting buybacks and some M&A to focus on reducing debt, limiting near-term capital returns. JPMorgan, Oppenheimer and William Blair also cut their ratings, reflecting reduced confidence after the guidance reset. FIS Halts Buybacks and Some M&A

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.