Fidelity National Information Services (NYSE:FIS) Price Target Lowered to $57.00 at The Goldman Sachs Group

Fidelity National Information Services (NYSE:FIS) had its target price cut by analysts at The Goldman Sachs Group from $65.00 to $57.00 in a research note issued to investors on Monday,Fidelity reports. The Goldman Sachs Group’s price objective would suggest a potential upside of 32.13% from the company’s previous close.

Several other brokerages also recently issued reports on FIS. Weiss Ratings reissued a “sell (d)” rating on shares of Fidelity National Information Services in a report on Thursday, January 22nd. JPMorgan Chase & Co. dropped their target price on Fidelity National Information Services from $80.00 to $65.00 and set an “overweight” rating on the stock in a research report on Thursday, February 12th. Oppenheimer cut their target price on Fidelity National Information Services from $69.00 to $62.00 in a research note on Friday. Stephens reduced their price target on shares of Fidelity National Information Services from $85.00 to $65.00 and set an “overweight” rating for the company in a report on Friday. Finally, Susquehanna cut their price objective on shares of Fidelity National Information Services from $69.00 to $55.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 25th. Thirteen analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $63.43.

Fidelity National Information Services Trading Down 0.8%

NYSE FIS opened at $43.14 on Monday. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.59 and a current ratio of 0.59. Fidelity National Information Services has a one year low of $43.28 and a one year high of $82.74. The company has a 50-day simple moving average of $48.06 and a 200-day simple moving average of $57.04. The firm has a market capitalization of $22.30 billion, a PE ratio of 8.39, a price-to-earnings-growth ratio of 0.43 and a beta of 0.82.

Fidelity National Information Services (NYSE:FIS) last issued its earnings results on Friday, May 8th. The information technology services provider reported $1.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.28 by $0.08. Fidelity National Information Services had a net margin of 23.35% and a return on equity of 21.30%. The firm had revenue of $3.30 billion for the quarter, compared to analysts’ expectations of $3.28 billion. During the same quarter last year, the company posted $1.21 earnings per share. Fidelity National Information Services’s revenue was up 30.1% on a year-over-year basis. Fidelity National Information Services has set its FY 2026 guidance at 6.220-6.320 EPS and its Q2 2026 guidance at 1.450-1.490 EPS. On average, equities analysts forecast that Fidelity National Information Services will post 6.28 earnings per share for the current year.

Insider Activity at Fidelity National Information Services

In related news, CEO Stephanie Ferris acquired 19,846 shares of the business’s stock in a transaction that occurred on Thursday, March 5th. The shares were acquired at an average cost of $50.39 per share, for a total transaction of $1,000,039.94. Following the completion of the purchase, the chief executive officer directly owned 281,458 shares in the company, valued at $14,182,668.62. This trade represents a 7.59% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.21% of the company’s stock.

Hedge Funds Weigh In On Fidelity National Information Services

Large investors have recently bought and sold shares of the stock. Dodge & Cox raised its position in shares of Fidelity National Information Services by 22.2% during the 3rd quarter. Dodge & Cox now owns 43,105,207 shares of the information technology services provider’s stock worth $2,842,357,000 after buying an additional 7,830,710 shares in the last quarter. Norges Bank bought a new position in shares of Fidelity National Information Services in the fourth quarter valued at approximately $495,956,000. Balyasny Asset Management L.P. increased its stake in shares of Fidelity National Information Services by 585.9% during the third quarter. Balyasny Asset Management L.P. now owns 2,365,322 shares of the information technology services provider’s stock valued at $155,969,000 after acquiring an additional 2,852,118 shares during the period. Pinebridge Investments LLC bought a new stake in Fidelity National Information Services during the fourth quarter worth approximately $114,799,000. Finally, TOMS Capital Investment Management LP acquired a new stake in Fidelity National Information Services in the fourth quarter worth approximately $110,589,000. Institutional investors and hedge funds own 96.23% of the company’s stock.

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.