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

Fidelity National Information Services (NYSE:FIS) had its target price cut by Barclays from $43.00 to $38.00 in a report issued on Friday, Benzinga reports. The firm currently has an “equal weight” rating on the information technology services provider’s stock. Barclays‘s target price would indicate a potential upside of 10.95% from the company’s current price.

FIS has been the topic of several other research reports. Deutsche Bank Aktiengesellschaft cut their target price on Fidelity National Information Services from $45.00 to $40.00 and set a “hold” rating on the stock in a research note on Tuesday, September 29th. Stephens restated an “equal weight” rating and issued a $50.00 price target on shares of Fidelity National Information Services in a report on Tuesday, August 11th. Piper Sandler initiated coverage on shares of Fidelity National Information Services in a research report on Friday, September 11th. They issued a “neutral” rating and a $42.00 price objective on the stock. Cantor Fitzgerald reduced their price objective on shares of Fidelity National Information Services from $55.00 to $50.00 and set an “overweight” rating for the company in a research note on Monday, August 10th. Finally, National Bank Financial set a $50.00 target price on shares of Fidelity National Information Services in a research report on Monday, August 10th. Ten equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $52.52.

Fidelity National Information Services Stock Down 0.3%

Shares of FIS stock traded down $0.09 during mid-day trading on Friday, hitting $34.25. The stock had a trading volume of 458,957 shares, compared to its average volume of 6,043,478. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.53 and a quick ratio of 0.53. The firm’s 50-day moving average is $39.01 and its two-hundred day moving average is $41.76. The firm has a market capitalization of $17.70 billion, a P/E ratio of 5.26, a price-to-earnings-growth ratio of 0.36 and a beta of 0.81. Fidelity National Information Services has a 12-month low of $32.10 and a 12-month high of $69.04.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings data on Tuesday, August 4th. The information technology services provider reported $1.48 earnings per share for the quarter, topping analysts’ consensus estimates 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%. The firm’s revenue for the quarter was up 29.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.36 earnings per share. 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. On average, analysts predict that Fidelity National Information Services will post 6.2 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Fidelity National Information Services

Several hedge funds have recently added to or reduced their stakes in FIS. GAMMA Investing LLC boosted its stake in shares of Fidelity National Information Services by 4.7% in the third quarter. GAMMA Investing LLC now owns 7,772 shares of the information technology services provider’s stock worth $256,000 after buying an additional 349 shares during the last quarter. Investors Research Corp raised its position in Fidelity National Information Services by 4.6% during the third quarter. Investors Research Corp now owns 8,450 shares of the information technology services provider’s stock valued at $278,000 after acquiring an additional 369 shares in the last quarter. Bank & Trust Co acquired a new position in Fidelity National Information Services in the third quarter valued at approximately $51,000. Benedict Financial Advisors Inc. lifted its holdings in Fidelity National Information Services by 5.5% in the third quarter. Benedict Financial Advisors Inc. now owns 67,669 shares of the information technology services provider’s stock valued at $2,226,000 after acquiring an additional 3,538 shares during the period. Finally, QRG Capital Management Inc. boosted its position in Fidelity National Information Services by 8.3% in the 2nd quarter. QRG Capital Management Inc. now owns 27,830 shares of the information technology services provider’s stock worth $1,082,000 after purchasing an additional 2,139 shares in the last quarter. 96.23% of the stock is owned by hedge funds and other institutional investors.

About Fidelity National Information Services

Fidelity National Information Services, Inc (NYSE:FIS) is a global financial technology company that provides software, payments, and transaction-processing solutions to financial institutions, businesses, and other organizations. Its offerings help clients manage banking operations, digital accounts, payments, risk, compliance, and customer relationships.

FIS provides core processing and digital banking platforms, payment processing and merchant solutions, fraud and security tools, and technology for lending, wealth management, and capital markets.