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

Oppenheimer cut shares of Fidelity National Information Services (NYSE:FIS) from an outperform rating to a market perform rating in a report issued on Wednesday morning, MarketBeat reports.

Several other equities analysts have also recently weighed in on FIS. TD Cowen cut their price target on Fidelity National Information Services from $53.00 to $47.00 and set a “buy” rating for the company in a report on Friday, October 9th. Barclays decreased their price objective on Fidelity National Information Services from $43.00 to $38.00 and set an “equal weight” rating on the stock in a report on Friday, October 9th. Citigroup lowered their target price on Fidelity National Information Services from $45.00 to $39.00 and set a “neutral” rating for the company in a research report on Friday, October 16th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Fidelity National Information Services from $45.00 to $40.00 and set a “hold” rating for the company in a report on Tuesday, September 29th. Finally, The Goldman Sachs Group reduced 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 report on Tuesday, October 13th. Six equities research analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $42.20.

Fidelity National Information Services Price Performance

Shares of FIS traded down $0.72 during midday trading on Wednesday, hitting $28.66. 11,110,789 shares of the company traded hands, compared to its average volume of 5,734,265. The firm has a 50 day moving average of $36.23 and a 200-day moving average of $43.15. Fidelity National Information Services has a 52 week low of $28.39 and a 52 week high of $68.37. The stock has a market cap of $14.82 billion, a price-to-earnings ratio of 4.28, a PEG ratio of 0.47 and a beta of 0.84. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.53 and a current ratio of 0.53.

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 for the quarter, beating analysts’ consensus estimates of $1.60 by $0.01. Fidelity National Information Services had a return on equity of 20.95% and a net margin of 27.64%. The firm had revenue of $3.45 billion during the quarter, compared to analyst estimates of $3.43 billion. During the same quarter last year, the business posted $1.51 earnings per share. The business’s quarterly revenue was up 27.1% compared to the same quarter last year. On average, analysts forecast that Fidelity National Information Services will post 5.89 EPS for the current fiscal year.

Fidelity National Information Services Announces Dividend

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

Insider Buying and Selling

In related news, Director Jeffrey Goldstein acquired 1,585 shares of Fidelity National Information Services stock in a transaction on Thursday, October 15th. The shares were bought at an average cost 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. The trade was a 9.26% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.28% of the company’s stock.

Institutional Investors Weigh In On Fidelity National Information Services

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Aberdeen Group plc lifted its position in Fidelity National Information Services by 16.1% in the third quarter. Aberdeen Group plc now owns 1,100,945 shares of the information technology services provider’s stock worth $36,221,000 after buying an additional 152,799 shares during the last quarter. Allworth Financial LP increased its position in Fidelity National Information Services by 50.7% during the third quarter. Allworth Financial LP now owns 8,785 shares of the information technology services provider’s stock valued at $289,000 after acquiring an additional 2,956 shares during the last quarter. Fisher Asset Management LLC bought a new position in Fidelity National Information Services during the third quarter valued at $232,000. Russell Investments Group Ltd. raised its stake in shares of Fidelity National Information Services by 7.3% in the third quarter. Russell Investments Group Ltd. now owns 472,573 shares of the information technology services provider’s stock valued at $15,568,000 after acquiring an additional 32,204 shares during the period. Finally, Eurizon Capital SGR S.p.A. raised its stake in shares of Fidelity National Information Services by 29.3% in the third quarter. Eurizon Capital SGR S.p.A. now owns 69,974 shares of the information technology services provider’s stock valued at $2,305,000 after acquiring an additional 15,848 shares during the period. 96.23% of the stock is currently owned by hedge funds and other institutional investors.

More 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.