Fidelity National Information Services (NYSE:FIS) Given New $43.00 Price Target at Truist Financial

Fidelity National Information Services (NYSE:FIS) had its price objective cut by stock analysts at Truist Financial from $45.00 to $43.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has a “hold” rating on the information technology services provider’s stock. Truist Financial’s target price suggests a potential upside of 7.41% from the stock’s current price.

A number of other research firms have also recently weighed in on FIS. UBS Group cut their price target on Fidelity National Information Services from $73.00 to $63.00 and set a “buy” rating on the stock in a research note on Monday, May 11th. TD Cowen lowered their price objective on Fidelity National Information Services from $78.00 to $62.00 and set a “buy” rating for the company in a research report on Tuesday, May 12th. Keefe, Bruyette & Woods dropped their price objective on Fidelity National Information Services from $72.00 to $68.00 and set an “outperform” rating on the stock in a report on Tuesday, April 7th. Cantor Fitzgerald decreased their target price on Fidelity National Information Services from $62.00 to $55.00 and set an “overweight” rating for the company in a research note on Monday, May 11th. Finally, Citigroup lowered their price target on Fidelity National Information Services from $53.00 to $48.00 in a report on Friday, May 8th. Thirteen investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Fidelity National Information Services has an average rating of “Hold” and an average target price of $58.68.

Fidelity National Information Services Trading Down 1.3%

NYSE FIS opened at $40.03 on Friday. Fidelity National Information Services has a 52 week low of $37.42 and a 52 week high of $82.62. The firm has a 50 day moving average of $40.88 and a two-hundred day moving average of $47.51. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 1.05. The stock has a market capitalization of $20.69 billion, a PE ratio of 7.76, a price-to-earnings-growth ratio of 0.40 and a beta of 0.80.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings data on Friday, May 8th. The information technology services provider reported $1.36 earnings per share for the quarter, beating analysts’ consensus estimates of $1.28 by $0.08. The business had revenue of $3.29 billion for the quarter, compared to analyst estimates of $3.28 billion. Fidelity National Information Services had a net margin of 23.35% and a return on equity of 21.30%. The company’s revenue was up 30.1% on a year-over-year basis. During the same period last year, the business earned $1.21 EPS. 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. As a group, research analysts expect that Fidelity National Information Services will post 6.28 EPS for the current fiscal year.

Institutional Trading of Fidelity National Information Services

A number of large investors have recently made changes to their positions in the company. Salomon & Ludwin LLC grew its stake in 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 worth $26,000 after buying an additional 194 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its stake in Fidelity National Information Services by 251.4% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 506 shares of the information technology services provider’s stock valued at $34,000 after buying an additional 362 shares during the last quarter. Reflection Asset Management acquired a new stake in shares of Fidelity National Information Services in the fourth quarter valued at approximately $34,000. Kemnay Advisory Services Inc. purchased a new position in shares of Fidelity National Information Services during the fourth quarter worth approximately $42,000. Finally, MBM Wealth Consultants LLC acquired a new position in shares of Fidelity National Information Services in the 1st quarter valued at $33,000. 96.23% of the stock is owned by institutional investors and hedge funds.

Fidelity National Information Services Company Profile

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.