The Goldman Sachs Group Has Lowered Expectations for Fidelity National Information Services (NYSE:FIS) Stock Price

Fidelity National Information Services (NYSE:FIS) had its target price cut by equities researchers at The Goldman Sachs Group from $44.00 to $35.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage currently has a “buy” rating on the information technology services provider’s stock. The Goldman Sachs Group‘s price objective would suggest a potential upside of 18.62% from the company’s previous close.

A number of other research analysts have also commented on FIS. Citigroup decreased their price target on shares of Fidelity National Information Services from $45.00 to $39.00 and set a “neutral” rating on the stock in a research note on Friday, October 16th. Royal Bank Of Canada downgraded Fidelity National Information Services from an “outperform” rating to a “sector perform” rating and set a $37.00 target price on the stock. in a research report on Thursday. Cantor Fitzgerald lowered their target price on Fidelity National Information Services from $50.00 to $45.00 and set an “overweight” rating on the stock in a research note on Friday, October 16th. Wolfe Research boosted their price target on Fidelity National Information Services from $53.00 to $54.00 and gave the company an “outperform” rating in a research note on Tuesday, August 25th. Finally, Truist Financial decreased their price objective on Fidelity National Information Services from $43.00 to $37.00 and set a “hold” rating on the stock in a report on Friday, October 23rd. Nine research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Fidelity National Information Services has an average rating of “Hold” and a consensus target price of $43.92.

Fidelity National Information Services Stock Down 0.9%

Shares of FIS stock traded down $0.26 during trading on Thursday, reaching $29.50. The company’s stock had a trading volume of 8,988,342 shares, compared to its average volume of 6,214,502. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.96. Fidelity National Information Services has a one year low of $28.87 and a one year high of $68.37. The business has a fifty day moving average price of $36.70 and a 200-day moving average price of $43.48. The company has a market cap of $15.25 billion, a price-to-earnings ratio of 4.52, a price-to-earnings-growth ratio of 0.46 and a beta of 0.84.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings results on Wednesday, November 4th. The information technology services provider reported $1.61 earnings per share for the quarter, beating analysts’ consensus estimates of $1.60 by $0.01. Fidelity National Information Services had a return on equity of 20.95% and a net margin of 27.64%. The firm had revenue of $3.45 billion during the quarter, compared to the consensus estimate of $3.43 billion. During the same period last year, the company earned $1.51 earnings per share. The business’s revenue was up 27.1% compared to the same quarter last year. Analysts anticipate that Fidelity National Information Services will post 6.20 earnings per share for the current year.

Insider Activity

In related news, Director Jeffrey Goldstein acquired 1,585 shares of the firm’s stock in a transaction that occurred on 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 acquisition, the director owned 18,697 shares of the company’s stock, valued at approximately $680,570.80. This represents a 9.26% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.28% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Fidelity National Information Services

Several hedge funds and other institutional investors have recently modified their holdings of FIS. Azzad Asset Management Inc. ADV lifted 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 buying an additional 250 shares during the period. Dynamic Advisor Solutions LLC grew its holdings in shares of Fidelity National Information Services by 4.8% in the second quarter. Dynamic Advisor Solutions LLC now owns 6,316 shares of the information technology services provider’s stock worth $246,000 after acquiring an additional 290 shares during the period. Signaturefd LLC grew its holdings in shares of Fidelity National Information Services by 4.7% in the third quarter. Signaturefd LLC now owns 6,802 shares of the information technology services provider’s stock worth $224,000 after acquiring an additional 303 shares during the period. Bleakley Financial Group LLC increased its position in Fidelity National Information Services by 0.3% during the first quarter. Bleakley Financial Group LLC now owns 115,095 shares of the information technology services provider’s stock valued at $5,399,000 after acquiring an additional 328 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in Fidelity National Information Services by 4.7% during the third quarter. GAMMA Investing LLC now owns 7,772 shares of the information technology services provider’s stock valued at $256,000 after acquiring an additional 349 shares during the last quarter. Hedge funds and other institutional investors 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 EPS of $1.61 versus $1.60 expected and revenue of $3.45 billion versus $3.43 billion expected. Revenue rose 27.1% year over year, with banking demand supporting results. FIS Reports Third Quarter 2026 Results
• Neutral Sentiment: Shareholder law firms announced investigations following FIS’s outlook reduction. These are investigations, not findings of wrongdoing, but may add uncertainty for investors. Investigation notice
• Negative Sentiment: FIS lowered its 2026 adjusted EPS forecast to $5.82–$5.89, below the roughly $6.20 analyst estimate. It also cut its banking-solutions revenue growth outlook to 3.5%–4% from 5%–5.5%, citing delayed client conversions and project timing; the company also flagged a soft fourth-quarter outlook. FIS Cuts Banking Growth Outlook Amid Project Delays
• Negative Sentiment: CFO James Kehoe is stepping down, with Alexandra Brooks named interim CFO. The leadership change adds uncertainty amid the outlook reset. FIS CFO transition announcement
• Negative Sentiment: Reports say FIS is delaying share buybacks and some M&A as it focuses on reducing debt, potentially postponing capital returns. Multiple firms also cut ratings or price targets, including BofA, JPMorgan and RBC, reinforcing investor concerns. FIS delays buybacks and some M&A BofA downgrade

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.