TD Cowen Issues Pessimistic Forecast for Fidelity National Information Services (NYSE:FIS) Stock Price

Fidelity National Information Services (NYSE:FIS) had its target price reduced by equities researchers at TD Cowen from $47.00 to $38.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage presently has a “buy” rating on the information technology services provider’s stock. TD Cowen‘s price target indicates a potential upside of 29.26% from the company’s previous close.

A number of other brokerages have also recently weighed in on FIS. Raymond James Financial reiterated an “outperform” rating and issued a $35.00 price objective on shares of Fidelity National Information Services in a research note on Wednesday. Citigroup lowered their target price 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. Keefe, Bruyette & Woods cut their target price on shares of Fidelity National Information Services from $50.00 to $42.00 and set an “outperform” rating on the stock in a report on Thursday. The Goldman Sachs Group reduced their price target on shares of Fidelity National Information Services from $44.00 to $35.00 and set a “buy” rating for the company in a research report on Thursday. Finally, Royal Bank Of Canada cut shares of Fidelity National Information Services from an “outperform” rating to a “sector perform” rating and decreased their price target for the stock from $53.00 to $37.00 in a research note on Thursday. Nine research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $43.24.

Fidelity National Information Services Stock Performance

Shares of FIS traded down $0.36 during midday trading on Thursday, reaching $29.40. 13,002,112 shares of the stock were exchanged, compared to its average volume of 6,231,707. Fidelity National Information Services has a twelve month low of $28.87 and a twelve month high of $68.37. 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 company has a market capitalization of $15.20 billion, a price-to-earnings ratio of 4.50, a PEG ratio of 0.46 and a beta of 0.84. The business’s 50-day moving average price is $36.70 and its 200 day moving average price is $43.48.

Fidelity National Information Services (NYSE:FIS) last announced its earnings results on Wednesday, November 4th. The information technology services provider reported $1.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.60 by $0.01. The firm had revenue of $3.45 billion during the quarter, compared to analysts’ expectations of $3.43 billion. Fidelity National Information Services had a return on equity of 20.95% and a net margin of 27.64%. The business’s revenue was up 27.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.51 EPS. On average, sell-side analysts expect that Fidelity National Information Services will post 6.20 EPS for the current fiscal year.

Insider Activity at Fidelity National Information Services

In related news, Director Jeffrey Goldstein purchased 1,585 shares of the business’s stock in a transaction dated Thursday, October 15th. The stock was acquired 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 $680,570.80. This trade represents a 9.26% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.28% of the stock is owned by company insiders.

Hedge Funds Weigh In On Fidelity National Information Services

A number of hedge funds and other institutional investors have recently bought and sold shares of FIS. Pension & Wealth Management Advisors Inc. purchased a new position in Fidelity National Information Services during the 3rd quarter worth $35,000. N.E.W. Advisory Services LLC purchased a new stake in shares of Fidelity National Information Services in the second quarter valued at about $58,000. Bank & Trust Co acquired a new position in shares of Fidelity National Information Services during the third quarter worth about $51,000. Pinnacle Wealth Planning Services Inc. increased its stake in shares of Fidelity National Information Services by 96.8% during the third quarter. Pinnacle Wealth Planning Services Inc. now owns 1,976 shares of the information technology services provider’s stock worth $65,000 after acquiring an additional 972 shares during the period. Finally, Raleigh Capital Management Inc. purchased a new position in Fidelity National Information Services during the third quarter worth about $71,000. 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:

• Positive Sentiment: Third-quarter adjusted EPS of $1.61 slightly beat the $1.60 consensus, while revenue of $3.45 billion topped estimates of $3.43 billion and rose 27.1% year over year. Read More.
• Negative Sentiment: FIS cut its 2026 adjusted EPS outlook to $5.82–$5.89, below the cited $6.20 analyst estimate. It also lowered its 2026 Banking Solutions revenue-growth forecast to 3.5%–4% from 5%–5.5%, citing delayed client conversions and project timing. Read More.
• Negative Sentiment: The company plans to halt share buybacks and defer some M&A as it focuses on paying down debt, limiting near-term capital returns. Read More.
• Negative Sentiment: CFO James Kehoe is stepping down, with Alexandra Brooks named interim CFO. The departure adds uncertainty during an already difficult outlook update. Read More.
• Negative Sentiment: Several firms lowered price targets, and Bank of America and RBC cut their ratings. These revisions reinforce investor concern about slower growth, even though the new targets generally remain above the share price. Read More.
• Neutral Sentiment: Shareholder-law firms announced investigations following the outlook reduction. These notices add headline risk but do not by themselves establish wrongdoing or predict the outcome. Read More.

Fidelity National Information Services Company Profile

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.