Fidelity National Information Services (NYSE:FIS) Price Target Cut to $37.00 by Analysts at Truist Financial

Fidelity National Information Services (NYSE:FIS) had its price target dropped by investment analysts at Truist Financial from $43.00 to $37.00 in a research note issued on Friday, Benzinga reports. The brokerage presently has a “hold” rating on the information technology services provider’s stock. Truist Financial‘s target price would indicate a potential downside of 0.78% from the company’s current price.

A number of other equities research analysts have also recently commented on the stock. UBS Group reiterated a “neutral” rating on shares of Fidelity National Information Services in a report on Monday, September 21st. Piper Sandler started coverage on Fidelity National Information Services in a research note on Friday, September 11th. They set a “neutral” rating and a $42.00 target price on the stock. Susquehanna reduced their price objective on Fidelity National Information Services from $46.00 to $37.00 and set a “neutral” rating for the company in a report on Tuesday, October 13th. Barclays decreased 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, October 9th. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating and set a $46.00 price target (down from $58.00) on shares of Fidelity National Information Services in a report on Tuesday, August 25th. Eleven analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $49.04.

Fidelity National Information Services Stock Down 2.6%

Shares of NYSE FIS traded down $1.00 during trading on Friday, reaching $37.29. The company had a trading volume of 1,591,038 shares, compared to its average volume of 5,992,970. Fidelity National Information Services has a 12-month low of $32.10 and a 12-month high of $68.98. The stock has a market cap of $19.27 billion, a PE ratio of 5.73, a P/E/G ratio of 0.43 and a beta of 0.81. The business’s 50-day moving average is $37.50 and its 200 day moving average is $40.96. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.96.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly 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. The firm had revenue of $3.38 billion during the quarter, compared to the consensus estimate of $3.38 billion. Fidelity National Information Services had a return on equity of 20.95% and a net margin of 27.64%. The company’s revenue was up 29.1% on a year-over-year basis. During the same period last year, the company earned $1.36 earnings per share. 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. As a group, equities analysts forecast that Fidelity National Information Services will post 6.20 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Jeffrey Goldstein acquired 1,585 shares of the firm’s stock in a transaction dated Thursday, October 15th. The shares were purchased at an average price of $36.40 per share, with a total value of $57,694.00. Following the completion of the purchase, the director directly owned 18,697 shares of the company’s stock, valued at $680,570.80. This represents a 9.26% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.28% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Fidelity National Information Services

Several large investors have recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in Fidelity National Information Services in the 2nd quarter worth $1,730,200,000. OP Asset Management Ltd purchased a new position in shares of Fidelity National Information Services in the first quarter valued at about $2,509,000. South Dakota Investment Council boosted its stake in shares of Fidelity National Information Services by 46.2% in the first 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 during the period. Bank of Nova Scotia purchased a new stake in shares of Fidelity National Information Services during the second quarter worth about $2,448,000. Finally, Nykredit A S bought a new stake in Fidelity National Information Services during the 2nd quarter valued at approximately $5,143,000. Hedge funds and other institutional investors own 96.23% of the company’s stock.

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.