Fidelity National Information Services (NYSE:FIS) Stock Dropped to “Hold” by Wolfe Research

Fidelity National Information Services (NYSE:FIS) was downgraded by stock analysts at Wolfe Research from a “strong-buy” rating to a “hold” rating in a report released on Thursday, Zacks reports.

FIS has been the subject of a number of other reports. Cantor Fitzgerald cut their target price on Fidelity National Information Services from $50.00 to $45.00 and set an “overweight” rating for the company in a research report on Friday, October 16th. JPMorgan Chase & Co. cut Fidelity National Information Services from an “overweight” rating to a “neutral” rating and set a $38.00 price target on the stock. in a research report on Wednesday. Royal Bank Of Canada downgraded Fidelity National Information Services from an “outperform” rating to a “sector perform” rating and dropped their price target for the company from $53.00 to $37.00 in a research note on Thursday. 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 objective for the company. Finally, Citigroup reduced their price objective on shares of Fidelity National Information Services from $39.00 to $30.00 and set a “neutral” rating on the stock in a research note on Thursday. Eight analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $42.88.

Fidelity National Information Services Stock Down 1.2%

NYSE FIS opened at $29.40 on Thursday. The company has a current ratio of 0.55, a quick ratio of 0.53 and a debt-to-equity ratio of 0.93. Fidelity National Information Services has a 1-year low of $28.86 and a 1-year high of $68.37. The company has a 50 day moving average of $36.47 and a 200-day moving average of $43.31. The company has a market cap of $15.20 billion, a price-to-earnings ratio of 4.39, a PEG ratio of 0.36 and a beta of 0.84.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings results on Wednesday, November 4th. The information technology services provider reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.60 by $0.01. The business had revenue of $3.45 billion during the quarter, compared to analysts’ expectations of $3.43 billion. Fidelity National Information Services had a return on equity of 20.42% and a net margin of 26.77%. The firm’s revenue for the quarter was up 27.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.51 earnings per share. On average, equities research analysts expect that Fidelity National Information Services will post 5.96 earnings per share for the current fiscal year.

Insider Activity

In other Fidelity National Information Services news, Director Jeffrey Goldstein purchased 1,585 shares of the firm’s stock in a transaction dated Thursday, October 15th. The shares were bought at an average price of $36.40 per share, for a total transaction of $57,694.00. Following the purchase, 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 transaction was disclosed in a legal filing 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.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of FIS. BlackRock Inc. bought a new position in shares of Fidelity National Information Services in the second quarter worth about $1,730,200,000. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in shares of Fidelity National Information Services during the 2nd quarter valued at approximately $219,162,000. Bank of America Corp DE bought a new stake in shares of Fidelity National Information Services during the 2nd quarter valued at approximately $189,387,000. Legal & General Group Plc acquired a new position in Fidelity National Information Services during the 2nd quarter worth approximately $129,815,000. Finally, Perpetual Ltd increased its position in Fidelity National Information Services by 32.9% during the 3rd quarter. Perpetual Ltd now owns 3,262,131 shares of the information technology services provider’s stock worth $107,324,000 after purchasing an additional 807,482 shares in the last quarter. Institutional investors own 96.23% of the company’s stock.

Key Headlines Impacting Fidelity National Information Services

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

• Positive Sentiment: Third-quarter adjusted earnings were $1.61 per share versus analysts’ $1.60 estimate, while revenue of $3.45 billion slightly exceeded expectations and rose 27.1% year over year. FIS Reports Third Quarter 2026 Results
• Neutral Sentiment: Analysts sharply lowered price targets, though views remain mixed: some maintained Buy or Outperform ratings, while others downgraded FIS to Neutral or Market Perform. TD Cowen rating
• Negative Sentiment: FIS cut its 2026 adjusted EPS outlook to $5.82–$5.89, below the $6.20 analyst consensus, and reduced its Banking Solutions growth forecast to 3.5%–4% from 5%–5.5%. The company cited customer project and conversion delays; expectations for a soft fourth quarter add to concerns. FIS Cuts Banking Growth Outlook Amid Project Delays
• Negative Sentiment: CFO James Kehoe is stepping down, with Alexandra Brooks named interim CFO. FIS is also halting buybacks and some M&A as it prioritizes debt reduction following its acquisition. The leadership change and reduced capital returns contributed to investor concern. FIS CFO transition announcement
• Negative Sentiment: Several brokerages downgraded FIS or cut targets after the revised outlook, and reports said the shares reached their lowest level in 14 years. Separate shareholder investigations have also been announced, though these notices do not establish wrongdoing. FIS shares drop to lowest level in 14 years

About Fidelity National Information Services

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.