BNP Paribas Exane Lowers Fidelity National Information Services (NYSE:FIS) Price Target to $37.00

Fidelity National Information Services (NYSE:FIS) had its target price cut by stock analysts at BNP Paribas Exane from $40.00 to $37.00 in a note issued to investors on Thursday,Fidelity reports. The firm currently has an “underperform” rating on the information technology services provider’s stock. BNP Paribas Exane’s target price points to a potential downside of 11.50% from the stock’s current price.

Several other brokerages also recently issued reports on FIS. Cantor Fitzgerald cut their target price on shares of Fidelity National Information Services from $62.00 to $55.00 and set an “overweight” rating on the stock in a research note on Monday, May 11th. Weiss Ratings raised shares of Fidelity National Information Services from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday. Oppenheimer cut their target price on shares of Fidelity National Information Services from $69.00 to $62.00 in a research note on Friday, May 8th. Citigroup cut their target price on shares of Fidelity National Information Services from $53.00 to $48.00 in a research note on Friday, May 8th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on shares of Fidelity National Information Services from $55.00 to $50.00 in a research note on Monday, May 11th. Thirteen analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $61.57.

Fidelity National Information Services Price Performance

NYSE FIS opened at $41.81 on Thursday. The stock has a market capitalization of $21.61 billion, a P/E ratio of 8.10, a P/E/G ratio of 0.41 and a beta of 0.82. Fidelity National Information Services has a 1 year low of $41.33 and a 1 year high of $82.74. The business’s fifty day moving average is $47.14 and its two-hundred day moving average is $56.06. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.59 and a current ratio of 0.59.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings results on Friday, May 8th. The information technology services provider reported $1.36 earnings per share (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 company had revenue of $3.30 billion for the quarter, compared to analysts’ expectations of $3.28 billion. During the same quarter in the prior year, the company earned $1.21 earnings per share. The firm’s revenue was up 30.1% on a year-over-year basis. 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. On average, research analysts forecast that Fidelity National Information Services will post 6.27 earnings per share for the current fiscal year.

Insider Activity at Fidelity National Information Services

In related news, CEO Stephanie Ferris purchased 19,846 shares of the stock in a transaction dated Thursday, March 5th. The shares were acquired at an average cost of $50.39 per share, for a total transaction of $1,000,039.94. Following the acquisition, the chief executive officer directly owned 281,458 shares in the company, valued at approximately $14,182,668.62. The trade was a 7.59% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.28% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Fidelity National Information Services

Institutional investors and hedge funds have recently modified their holdings of the stock. Salomon & Ludwin LLC grew its holdings in shares of Fidelity National Information Services by 100.5% during the 4th quarter. Salomon & Ludwin LLC now owns 387 shares of the information technology services provider’s stock valued at $26,000 after acquiring an additional 194 shares in the last quarter. Raiffeisen Bank International AG bought a new stake in Fidelity National Information Services in the third quarter worth $29,000. LRI Investments LLC boosted its holdings in Fidelity National Information Services by 613.1% in the third quarter. LRI Investments LLC now owns 435 shares of the information technology services provider’s stock worth $29,000 after purchasing an additional 374 shares in the last quarter. Root Financial Partners LLC bought a new stake in Fidelity National Information Services in the third quarter worth $29,000. Finally, GoalVest Advisory LLC bought a new stake in Fidelity National Information Services in the fourth quarter worth $33,000. 96.23% of the stock is currently owned by hedge funds and other institutional investors.

About Fidelity National Information Services

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.