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

Fidelity National Information Services (NYSE:FIS) had its price objective lowered by The Goldman Sachs Group from $65.00 to $57.00 in a research report report published on Monday morning, Marketbeat Ratings reports. The Goldman Sachs Group currently has a buy rating on the information technology services provider’s stock.

FIS has been the topic of several other reports. Keefe, Bruyette & Woods cut their target price on Fidelity National Information Services from $72.00 to $68.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 7th. Argus cut their target price on Fidelity National Information Services from $92.00 to $65.00 and set a “buy” rating on the stock in a research note on Thursday, February 26th. Oppenheimer cut their target price on Fidelity National Information Services from $69.00 to $62.00 in a research note on Friday, May 8th. Citigroup cut their target price on Fidelity National Information Services from $53.00 to $48.00 in a research note on Friday, May 8th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $70.00 price target on shares of Fidelity National Information Services in a research note on Thursday, January 15th. Thirteen analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $61.71.

Fidelity National Information Services Stock Performance

Shares of FIS opened at $42.61 on Monday. The business’s fifty day simple moving average is $47.47 and its two-hundred day simple moving average is $56.34. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 1.05. Fidelity National Information Services has a 12 month low of $41.63 and a 12 month high of $82.74. The company has a market cap of $22.02 billion, a price-to-earnings ratio of 8.26, a P/E/G ratio of 0.42 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 EPS for the quarter, beating the consensus estimate of $1.28 by $0.08. Fidelity National Information Services had a return on equity of 21.30% and a net margin of 23.35%.The business had revenue of $3.30 billion for the quarter, compared to the consensus estimate of $3.28 billion. During the same period last year, the business posted $1.21 EPS. The company’s revenue was up 30.1% compared to the same quarter last year. 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. Research analysts anticipate that Fidelity National Information Services will post 6.28 earnings per share for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Thursday, June 11th will be given a dividend of $0.44 per share. The ex-dividend date is Thursday, June 11th. This represents a $1.76 annualized dividend and a yield of 4.1%. Fidelity National Information Services’s payout ratio is 34.11%.

Insiders Place Their Bets

In related news, CEO Stephanie Ferris bought 19,846 shares of the stock in a transaction that occurred on Thursday, March 5th. The shares were bought at an average cost of $50.39 per share, for a total transaction of $1,000,039.94. Following the completion of the transaction, the chief executive officer owned 281,458 shares of the company’s stock, valued at approximately $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 Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.28% of the company’s stock.

Institutional Investors Weigh In On Fidelity National Information Services

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Pinnacle Bancorp Inc. raised its holdings in Fidelity National Information Services by 21.9% during the third quarter. Pinnacle Bancorp Inc. now owns 835 shares of the information technology services provider’s stock valued at $55,000 after acquiring an additional 150 shares during the period. BOKF NA raised its holdings in Fidelity National Information Services by 0.6% during the third quarter. BOKF NA now owns 28,031 shares of the information technology services provider’s stock valued at $1,848,000 after acquiring an additional 159 shares during the period. Fiduciary Trust Co raised its holdings in Fidelity National Information Services by 4.9% during the third quarter. Fiduciary Trust Co now owns 3,465 shares of the information technology services provider’s stock valued at $228,000 after acquiring an additional 161 shares during the period. FJ Capital Management LLC raised its holdings in Fidelity National Information Services by 4.7% during the second quarter. FJ Capital Management LLC now owns 3,600 shares of the information technology services provider’s stock valued at $293,000 after acquiring an additional 163 shares during the period. Finally, Gratus Wealth Advisors LLC raised its holdings in Fidelity National Information Services by 1.4% during the third quarter. Gratus Wealth Advisors LLC now owns 12,389 shares of the information technology services provider’s stock valued at $817,000 after acquiring an additional 170 shares during the period. 96.23% of the stock is owned by institutional investors.

Fidelity National Information Services News Summary

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

• Positive Sentiment: FIS will present at the J.P. Morgan 54th Annual Global Technology, Media and Communications Conference on May 19, which could help management reinforce the company’s outlook and keep investors engaged. FIS to Present at Upcoming Conference
• Neutral Sentiment: Cantor Fitzgerald initiated a new $55 price target on FIS, implying upside from current levels but offering no major change in the overall thesis. Fidelity National Information Services Given New $55.00 Price Target at Cantor Fitzgerald
• Neutral Sentiment: Deutsche Bank cut its price target on FIS from $55 to $50, reflecting a more cautious view, though it still sees some upside versus the recent trading level. Fidelity
• Negative Sentiment: TD Cowen lowered its price target on FIS from $78 to $62, a meaningful reduction that likely weighed on shares despite the firm maintaining a buy rating. Fidelity
• Negative Sentiment: A separate report said TD Cowen also lowered its FIS target to $62, reinforcing the view that analysts are becoming less optimistic on the stock’s near-term valuation. Fidelity National Information Services (NYSE:FIS) Price Target Lowered to $62.00 at TD Cowen

Fidelity National Information Services Company Profile

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.