Fidelity National Information Services (NYSE:FIS) Cut to “Market Perform” at William Blair

William Blair cut shares of Fidelity National Information Services (NYSE:FIS) from an outperform rating to a market perform rating in a research report sent to investors on Wednesday, MarketBeat reports.

Other analysts also recently issued reports about the company. TD Cowen reduced their price objective on Fidelity National Information Services from $53.00 to $47.00 and set a “buy” rating on the stock in a research report on Friday, October 9th. Barclays dropped their price objective 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, October 9th. Cantor Fitzgerald cut their target price on shares of Fidelity National Information Services from $50.00 to $45.00 and set an “overweight” rating for the company in a research note on Friday, October 16th. Bank of America started coverage on shares of Fidelity National Information Services in a research note on Thursday, October 15th. They issued a “buy” rating and a $42.00 target price for the company. Finally, The Goldman Sachs Group decreased their price target on shares of Fidelity National Information Services from $52.00 to $44.00 and set a “buy” rating on the stock in a research note on Tuesday, October 13th. Six investment analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $42.20.

Fidelity National Information Services Price Performance

Shares of FIS stock traded down $0.72 during trading hours on Wednesday, hitting $28.66. The company’s stock had a trading volume of 11,110,789 shares, compared to its average volume of 5,734,265. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.96. The business has a fifty day moving average of $36.23 and a 200-day moving average of $43.15. Fidelity National Information Services has a twelve month low of $28.39 and a twelve month high of $68.37. The stock has a market cap of $14.82 billion, a price-to-earnings ratio of 4.28, a P/E/G ratio of 0.47 and a beta of 0.84.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings data on Wednesday, November 4th. The information technology services provider reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.60 by $0.01. The firm had revenue of $3.45 billion during the quarter, compared to the consensus estimate of $3.43 billion. Fidelity National Information Services had a return on equity of 20.95% and a net margin of 27.64%. The company’s quarterly revenue was up 27.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.51 EPS. As a group, equities research analysts anticipate that Fidelity National Information Services will post 5.89 EPS for the current year.

Fidelity National Information Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 28th. Investors of record on Monday, December 14th will be paid a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 6.1%. The ex-dividend date is Monday, December 14th. Fidelity National Information Services’s dividend payout ratio is presently 27.04%.

Insiders Place Their Bets

In other Fidelity National Information Services news, Director Jeffrey Goldstein purchased 1,585 shares of the firm’s stock in a transaction on Thursday, October 15th. The shares were purchased at an average cost of $36.40 per share, with a total value of $57,694.00. Following the purchase, the director owned 18,697 shares in the company, valued at approximately $680,570.80. This represents a 9.26% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.28% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. acquired a new stake in shares of Fidelity National Information Services in the second quarter worth approximately $1,730,200,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in Fidelity National Information Services during the second quarter worth approximately $219,162,000. Bank of America Corp DE acquired a new position in Fidelity National Information Services during the second quarter worth approximately $189,387,000. Legal & General Group Plc purchased a new position in Fidelity National Information Services during the second quarter worth approximately $129,815,000. Finally, Deutsche Bank AG purchased a new position in Fidelity National Information Services during the second quarter worth approximately $111,205,000. Institutional investors and hedge funds own 96.23% of the company’s stock.

Key Fidelity National Information Services News

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

• Neutral Sentiment: Some analysts still see potential upside: TD Cowen, Goldman Sachs and Keefe, Bruyette & Woods retained positive ratings, although each reduced its price target. TD Cowen rating
• Negative Sentiment: FIS lowered its fiscal 2026 outlook, a key catalyst behind the selloff. The company also said CFO James Kehoe will step down, with Alexandra Brooks named interim CFO—adding uncertainty during a period of weaker expectations. FIS outlook and CFO transition
• Negative Sentiment: Analyst sentiment has broadly weakened. Argus and Wolfe Research cut their ratings to Hold; Bank of America, JPMorgan, RBC and others also moved to more cautious ratings. UBS, Citi, Barclays, Piper Sandler and several peers lowered price targets, signaling reduced expectations. Argus downgrade
• Negative Sentiment: Bank of America cited the possibility of delayed capital returns as an additional concern, while shareholder-law firms announced investigations into potential securities claims. These notices are not findings of wrongdoing, but may add reputational and legal uncertainty. BofA downgrade and capital-return concern

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.