Fidelity National Information Services (NYSE:FIS) Stock Bumped Down to “Neutral” by Bank of America

Bank of America downgraded shares of Fidelity National Information Services (NYSE:FIS) from a buy rating to a neutral rating in a research report report published on Thursday, MarketBeat Ratings reports. The brokerage currently has $33.00 price objective on the information technology services provider’s stock, down from their prior price objective of $42.00.

A number of other equities research analysts have also issued reports on FIS. Barclays cut their price target on shares of 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 price objective on shares of Fidelity National Information Services from $45.00 to $39.00 and set a “neutral” rating on the stock in a research report on Friday, October 16th. TD Cowen lowered their price objective on shares of Fidelity National Information Services from $53.00 to $47.00 and set a “buy” rating on the stock in a research report on Friday, October 9th. Royal Bank Of Canada cut their target price on shares of Fidelity National Information Services from $57.00 to $53.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 5th. Finally, Susquehanna reduced their target price on Fidelity National Information Services from $46.00 to $37.00 and set a “neutral” rating for the company in a report on Tuesday, October 13th. Nine equities research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $42.88.

Fidelity National Information Services Trading Down 1.2%

NYSE:FIS opened at $29.40 on Thursday. The stock has a fifty day simple moving average of $36.47 and a 200 day simple moving average of $43.31. The firm has a market capitalization of $15.20 billion, a price-to-earnings ratio of 4.39, a price-to-earnings-growth ratio of 0.36 and a beta of 0.84. Fidelity National Information Services has a 1-year low of $28.86 and a 1-year high of $68.37. The company has a quick ratio of 0.53, a current ratio of 0.55 and a debt-to-equity ratio of 0.93.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings data on Wednesday, November 4th. The information technology services provider reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.60 by $0.01. Fidelity National Information Services had a return on equity of 20.42% and a net margin of 26.77%. The firm had revenue of $3.45 billion for the quarter, compared to the consensus estimate of $3.43 billion. During the same quarter in the previous year, the company earned $1.51 EPS. The business’s revenue for the quarter was up 27.1% compared to the same quarter last year. Sell-side analysts forecast that Fidelity National Information Services will post 5.96 earnings per share for the current year.

Fidelity National Information Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 28th. Stockholders of record on Monday, December 14th will be given a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 6.0%. The ex-dividend date of this dividend is Monday, December 14th. Fidelity National Information Services’s dividend payout ratio is 27.04%.

Insider Activity at Fidelity National Information Services

In related news, Director Jeffrey Goldstein purchased 1,585 shares of the firm’s 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 completion of the acquisition, the director owned 18,697 shares in the company, valued at $680,570.80. This trade represents a 9.26% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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

A number of institutional investors have recently modified their holdings of FIS. Azzad Asset Management Inc. ADV increased its holdings in shares of Fidelity National Information Services by 2.0% during the 1st quarter. Azzad Asset Management Inc. ADV now owns 12,598 shares of the information technology services provider’s stock valued at $591,000 after acquiring an additional 250 shares during the last quarter. Dynamic Advisor Solutions LLC raised its stake in shares of Fidelity National Information Services by 4.8% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 6,316 shares of the information technology services provider’s stock valued at $246,000 after acquiring an additional 290 shares in the last quarter. Signaturefd LLC raised its stake in shares of Fidelity National Information Services by 4.7% in the 3rd quarter. Signaturefd LLC now owns 6,802 shares of the information technology services provider’s stock valued at $224,000 after acquiring an additional 303 shares in the last quarter. Bleakley Financial Group LLC lifted its holdings in Fidelity National Information Services by 0.3% in the 1st quarter. Bleakley Financial Group LLC now owns 115,095 shares of the information technology services provider’s stock worth $5,399,000 after purchasing an additional 328 shares during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in Fidelity National Information Services by 4.7% in the 3rd quarter. GAMMA Investing LLC now owns 7,772 shares of the information technology services provider’s stock worth $256,000 after purchasing an additional 349 shares during the last quarter. Institutional investors and hedge funds own 96.23% of the company’s stock.

Key Fidelity National Information Services News

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

• Positive Sentiment: FIS reported third-quarter adjusted earnings of $1.61 per share, slightly above the $1.60 consensus, while revenue of $3.45 billion also topped expectations and rose 27.1% year over year. FIS Reports Third Quarter 2026 Results
• Neutral Sentiment: Some analysts still see potential upside from current levels: TD Cowen maintained a Buy rating with a $38 target, and Goldman Sachs retained Buy with a $35 target. Both firms lowered their targets, however, reflecting a more cautious outlook. TD Cowen recommendations
• Negative Sentiment: FIS cut its 2026 adjusted EPS outlook to $5.82–$5.89, below the roughly $6.20 analyst estimate. It also reduced its Banking Solutions revenue-growth forecast to 3.5%–4% from 5%–5.5%, citing delayed client conversions and bank consolidation. FIS Cuts Banking Growth Outlook Amid Project Delays
• Negative Sentiment: The company plans to pause share buybacks and limit some M&A as it focuses on deleveraging, reducing a potential source of shareholder returns. FIS Plunges as Fintech Halts Buybacks, Some M&A to Deleverage
• Negative Sentiment: CFO James Kehoe is stepping down, with Alexandra Brooks named interim CFO. The leadership change adds uncertainty amid the outlook reduction. FIS Announces CFO Transition
• Negative Sentiment: Several firms downgraded FIS or sharply reduced price targets, including Bank of America and RBC; the wave of revisions signals diminished confidence despite targets generally remaining above the cited share price. Bank of America recommendations

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.