Citigroup Has Lowered Expectations for Fidelity National Information Services (NYSE:FIS) Stock Price

Fidelity National Information Services (NYSE:FIS) had its target price decreased by research analysts at Citigroup from $39.00 to $30.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage presently has a “neutral” rating on the information technology services provider’s stock. Citigroup‘s target price would suggest a potential upside of 4.66% from the stock’s current price.

FIS has been the subject of several other research reports. Bank of America cut Fidelity National Information Services from a “buy” rating to a “neutral” rating and lowered their price target for the company from $42.00 to $33.00 in a report on Thursday. Royal Bank Of Canada downgraded shares of Fidelity National Information Services from an “outperform” rating to a “sector perform” rating and decreased their price objective for the stock from $53.00 to $37.00 in a research note on Thursday. Truist Financial cut their target price on shares of Fidelity National Information Services from $43.00 to $37.00 and set a “hold” rating on the stock in a research note on Friday, October 23rd. UBS Group reaffirmed an “outperform” rating on shares of Fidelity National Information Services in a research report on Thursday. Finally, Weiss Ratings downgraded Fidelity National Information Services from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, September 10th. Six investment analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $42.20.

Fidelity National Information Services Price Performance

FIS stock traded down $0.72 on Thursday, reaching $28.66. The company had a trading volume of 11,110,789 shares, compared to its average volume of 5,734,265. 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 has a 1 year low of $28.39 and a 1 year high of $68.37. The company’s fifty day moving average is $36.23 and its 200 day moving average is $43.15. The company has a market cap of $14.82 billion, a P/E ratio of 4.28, a PEG ratio of 0.47 and a beta of 0.84.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings data on Wednesday, November 4th. The information technology services provider reported $1.61 EPS 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 business had revenue of $3.45 billion for the quarter, compared to analyst estimates of $3.43 billion. During the same quarter last year, the company earned $1.51 earnings per share. The business’s revenue for the quarter was up 27.1% compared to the same quarter last year. On average, research analysts forecast that Fidelity National Information Services will post 5.89 earnings per share for the current year.

Insider Transactions at Fidelity National Information Services

In other news, Director Jeffrey Goldstein acquired 1,585 shares of the company’s stock in a transaction dated Thursday, October 15th. The shares were bought at an average price of $36.40 per share, for a total transaction of $57,694.00. Following the completion of the purchase, the director directly owned 18,697 shares of the company’s stock, valued at approximately $680,570.80. This trade represents a 9.26% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.28% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in FIS. BlackRock Inc. acquired a new stake in Fidelity National Information Services during the 2nd quarter valued at $1,730,200,000. South Dakota Investment Council lifted its holdings in Fidelity National Information Services by 46.2% in the 1st quarter. South Dakota Investment Council now owns 228,021 shares of the information technology services provider’s stock worth $10,696,000 after buying an additional 72,040 shares in the last quarter. Bank of Nova Scotia acquired a new position in Fidelity National Information Services in the 2nd quarter worth $2,448,000. Nykredit A S purchased a new position in Fidelity National Information Services in the 2nd quarter valued at about $5,143,000. Finally, OMERS ADMINISTRATION Corp acquired a new stake in shares of Fidelity National Information Services during the second quarter valued at about $10,891,000. 96.23% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting Fidelity National Information Services

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.