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

Fidelity National Information Services (NYSE:FIS) had its target price lowered by analysts at Truist Financial from $57.00 to $50.00 in a report issued on Friday,Benzinga reports. The firm presently has a “hold” rating on the information technology services provider’s stock. Truist Financial’s price objective points to a potential upside of 9.27% from the stock’s previous close.

A number of other equities analysts have also issued reports on FIS. Wells Fargo & Company lowered their price target on Fidelity National Information Services from $81.00 to $67.00 and set an “overweight” rating on the stock in a report on Wednesday, February 25th. UBS Group lowered their price target on Fidelity National Information Services from $83.00 to $73.00 and set a “buy” rating on the stock in a report on Wednesday, February 25th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Fidelity National Information Services in a report on Thursday, January 22nd. Susquehanna lowered their price objective on Fidelity National Information Services from $69.00 to $55.00 and set a “neutral” rating on the stock in a report on Wednesday, February 25th. Finally, Cantor Fitzgerald initiated coverage on Fidelity National Information Services in a report on Tuesday, January 27th. They issued an “overweight” rating and a $72.00 price objective on the stock. Thirteen investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $67.10.

Fidelity National Information Services Stock Performance

Shares of FIS traded up $0.02 during midday trading on Friday, reaching $45.76. 509,436 shares of the stock were exchanged, compared to its average volume of 5,484,555. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.59 and a quick ratio of 0.59. Fidelity National Information Services has a twelve month low of $43.29 and a twelve month high of $82.74. The business’s 50-day moving average price is $48.32 and its 200 day moving average price is $58.35. The company has a market capitalization of $23.54 billion, a price-to-earnings ratio of 62.57, a PEG ratio of 0.47 and a beta of 0.90.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings results on Tuesday, February 24th. The information technology services provider reported $1.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $2.74 billion. During the same period in the prior year, the business earned $1.40 EPS. The business’s quarterly revenue was up 8.2% compared to the same quarter last year. 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, sell-side analysts expect that Fidelity National Information Services will post 6.28 EPS for the current fiscal year.

Insider Activity

In related news, CEO Stephanie Ferris purchased 19,846 shares of Fidelity National Information Services stock in a transaction dated Thursday, March 5th. The stock was bought at an average cost of $50.39 per share, for a total transaction of $1,000,039.94. Following the transaction, the chief executive officer owned 281,458 shares in the company, valued at approximately $14,182,668.62. The trade was a 7.59% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.21% of the company’s stock.

Institutional Investors Weigh In On Fidelity National Information Services

A number of hedge funds and other institutional investors have recently modified their holdings of FIS. Salomon & Ludwin LLC boosted its position in shares of Fidelity National Information Services by 100.5% in the 4th quarter. Salomon & Ludwin LLC now owns 387 shares of the information technology services provider’s stock worth $26,000 after buying an additional 194 shares in the last quarter. Raiffeisen Bank International AG acquired a new stake in Fidelity National Information Services in the 3rd quarter valued at about $29,000. LRI Investments LLC grew its stake in Fidelity National Information Services by 613.1% in the 3rd quarter. LRI Investments LLC now owns 435 shares of the information technology services provider’s stock valued at $29,000 after acquiring an additional 374 shares during the last quarter. Root Financial Partners LLC acquired a new stake in Fidelity National Information Services in the 3rd quarter valued at about $29,000. Finally, GoalVest Advisory LLC acquired a new stake in Fidelity National Information Services in the 4th quarter valued at about $33,000. 96.23% of the stock is currently owned by institutional investors and hedge funds.

About Fidelity National Information Services

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.