Fidelity National Information Services (NYSE:FIS) Stock Gets Price Target Cut from Citigroup

Fidelity National Information Services (NYSE:FIS) had its price objective decreased by Citigroup from $45.00 to $39.00 in a research report released on Friday,Benzinga reports. Citigroup currently has a neutral rating on the information technology services provider’s stock.

A number of other analysts also recently issued reports on FIS. Wolfe Research raised their target price on Fidelity National Information Services from $53.00 to $54.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 25th. Susquehanna dropped their price target on Fidelity National Information Services from $46.00 to $37.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 13th. Morgan Stanley began coverage on Fidelity National Information Services in a research report on Tuesday, July 7th. They set an “equal weight” rating and a $47.00 price target on the stock. Cantor Fitzgerald cut their price target on Fidelity National Information Services from $50.00 to $45.00 and set an “overweight” rating for the company in a research note on Friday. Finally, National Bank Financial set a $45.00 price objective on Fidelity National Information Services in a report on Friday. Eleven equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $49.28.

Fidelity National Information Services Stock Down 0.2%

FIS opened at $35.95 on Friday. Fidelity National Information Services has a twelve month low of $32.10 and a twelve month high of $68.98. The company’s 50-day moving average price is $37.99 and its two-hundred day moving average price is $41.22. The stock has a market cap of $18.58 billion, a price-to-earnings ratio of 5.52, a PEG ratio of 0.42 and a beta of 0.81. 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 (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.01. The company had revenue of $3.38 billion during the quarter, compared to analyst estimates of $3.38 billion. Fidelity National Information Services had a net margin of 27.64% and a return on equity of 20.95%. Fidelity National Information Services’s quarterly revenue was up 29.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.36 EPS. 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 expect that Fidelity National Information Services will post 6.20 earnings per share for the current year.

Fidelity National Information Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Friday, September 11th were issued a $0.44 dividend. The ex-dividend date of this dividend was Friday, September 11th. This represents a $1.76 annualized dividend and a yield of 4.9%. Fidelity National Information Services’s dividend payout ratio (DPR) is 27.04%.

Insider Buying and Selling

In other Fidelity National Information Services news, Director Jeffrey Goldstein acquired 1,585 shares of Fidelity National Information Services stock in a transaction that occurred on Thursday, October 15th. The stock was acquired at an average cost of $36.40 per share, for a total transaction of $57,694.00. Following the purchase, the director owned 18,697 shares of the company’s stock, valued at approximately $680,570.80. This represents a 9.26% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.28% of the company’s stock.

Hedge Funds Weigh In On Fidelity National Information Services

A number of large investors have recently made changes to their positions in FIS. Rexford Capital Inc. grew its holdings in shares of Fidelity National Information Services by 16.1% during the 1st quarter. Rexford Capital Inc. now owns 1,656 shares of the information technology services provider’s stock valued at $78,000 after purchasing an additional 230 shares during the last quarter. Azzad Asset Management Inc. ADV lifted its stake in Fidelity National Information Services by 2.0% in the first quarter. Azzad Asset Management Inc. ADV now owns 12,598 shares of the information technology services provider’s stock worth $591,000 after purchasing an additional 250 shares during the last quarter. Dynamic Advisor Solutions LLC lifted its stake in Fidelity National Information Services by 4.8% in the second quarter. Dynamic Advisor Solutions LLC now owns 6,316 shares of the information technology services provider’s stock worth $246,000 after purchasing an additional 290 shares during the last quarter. New England Capital Financial Advisors LLC boosted its position in Fidelity National Information Services by 21.8% during the first quarter. New England Capital Financial Advisors LLC now owns 1,692 shares of the information technology services provider’s stock valued at $79,000 after buying an additional 303 shares during the period. Finally, Bleakley Financial Group LLC boosted its position in Fidelity National Information Services by 0.3% during the first quarter. Bleakley Financial Group LLC now owns 115,095 shares of the information technology services provider’s stock valued at $5,399,000 after buying an additional 328 shares during the period. 96.23% of the stock is owned by institutional investors.

Trending Headlines about Fidelity National Information Services

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

• Positive Sentiment: Bank of America initiated coverage with a Buy rating and a $42 price target, implying potential upside and adding a bullish institutional view. Bank of America coverage details
• Positive Sentiment: FIS and Anthropic made the FIS AML Investigations Agent commercially available to U.S. banks. The AI tool is designed to help financial institutions manage money-laundering investigations, potentially creating a new growth opportunity and strengthening FIS’s competitive position in banking technology. FIS and Anthropic launch AML investigations agent
• Positive Sentiment: A Zacks analysis cited rising free cash flow, expanding margins and acquisition synergies as possible catalysts for a rebound after the stock’s steep decline. Zacks FIS rebound analysis
• Neutral Sentiment: Cantor Fitzgerald lowered its target from $50 to $45 but maintained an Overweight rating, while Citigroup cut its target from $45 to $39 and moved to Neutral. The revisions reduce expectations but still leave analysts’ targets above the current trading level.
• Negative Sentiment: Susquehanna also reduced its price target, to $37. The cluster of target cuts suggests analysts remain cautious about FIS’s near-term earnings outlook and valuation, contributing to pressure on the shares. Susquehanna cuts FIS price target

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.