Fidelity National Information Services (NYSE:FIS) Stock Moved Down to Neutral by Bank of America

Fidelity National Information Services (NYSE:FIS) was downgraded by Bank of America from a “buy” rating to a “neutral” rating in a research note issued on Thursday, Briefing.com reports. They presently have a $33.00 price target on the information technology services provider’s stock. Bank of America‘s price objective would indicate a potential upside of 10.48% from the company’s previous close.

Several other research analysts have also recently weighed in on FIS. Weiss Ratings cut shares of Fidelity National Information Services from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, September 10th. Oppenheimer cut Fidelity National Information Services from an “outperform” rating to a “market perform” rating in a report on Wednesday. Wells Fargo & Company downgraded Fidelity National Information Services from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $58.00 to $46.00 in a research report on Tuesday, August 25th. Deutsche Bank Aktiengesellschaft lowered 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. Finally, UBS Group reissued an “outperform” rating on shares of Fidelity National Information Services in a report on Thursday. Nine analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $46.00.

Fidelity National Information Services Stock Down 23.4%

FIS stock opened at $29.87 on Thursday. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.96. The firm has a market capitalization of $15.44 billion, a PE ratio of 4.59, a PEG ratio of 0.46 and a beta of 0.84. Fidelity National Information Services has a 1-year low of $29.15 and a 1-year high of $68.37. The business’s 50 day simple moving average is $36.70 and its 200 day simple moving average is $43.48.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings results on Wednesday, November 4th. The information technology services provider reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $3.45 billion during the quarter, compared to the consensus estimate of $3.43 billion. During the same quarter last year, the firm posted $1.51 EPS. The company’s quarterly revenue was up 27.1% on a year-over-year basis. As a group, research analysts anticipate that Fidelity National Information Services will post 6.20 EPS for the current year.

Insider Buying and Selling at Fidelity National Information Services

In related news, Director Jeffrey Goldstein purchased 1,585 shares of the business’s stock in a transaction that occurred on Thursday, October 15th. The stock was acquired at an average cost of $36.40 per share, for a total transaction of $57,694.00. Following the completion of the purchase, the director owned 18,697 shares in the company, valued at approximately $680,570.80. This represents a 9.26% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.28% of the company’s stock.

Hedge Funds Weigh In On Fidelity National Information Services

A number of hedge funds have recently added to or reduced their stakes in FIS. AlphaCore Capital LLC grew its position in Fidelity National Information Services by 127.5% during the 3rd quarter. AlphaCore Capital LLC now owns 12,959 shares of the information technology services provider’s stock worth $426,000 after acquiring an additional 7,262 shares during the last quarter. Leuthold Group LLC bought a new position in Fidelity National Information Services in the third quarter valued at about $373,000. Fulcrum Asset Management LLP boosted its stake in shares of Fidelity National Information Services by 34,707.0% during the third quarter. Fulcrum Asset Management LLP now owns 89,106 shares of the information technology services provider’s stock valued at $2,972,000 after purchasing an additional 88,850 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of Fidelity National Information Services by 20.3% during the third quarter. Allspring Global Investments Holdings LLC now owns 28,480 shares of the information technology services provider’s stock valued at $943,000 after purchasing an additional 4,803 shares in the last quarter. Finally, M Holdings Securities Inc. acquired a new stake in shares of Fidelity National Information Services during the third quarter valued at about $166,000. 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 the $1.60 consensus estimate, while revenue of $3.45 billion topped expectations of $3.43 billion and rose 27.1% year over year. FIS Reports Third Quarter 2026 Results
• Neutral Sentiment: FIS says client demand remains strong and is continuing to invest in security and innovation, though the near-term impact of these investments and delayed projects remains a concern. FIS Cuts Banking Growth Outlook Amid Project Delays
• Negative Sentiment: The company cut its 2026 adjusted EPS outlook to $5.82–$5.89, below the FactSet estimate of $6.20. It also reduced its 2026 Banking Solutions growth forecast to 3.5%–4% from 5%–5.5%, citing delayed client conversions and bank-consolidation timing. FIS 2026 Adjusted EPS Outlook
• Negative Sentiment: CFO James Kehoe will step down effective November 5, with CFO duties passing to interim appointee Alexandra Brooks. The timing adds uncertainty as investors assess the lowered outlook. FIS Announces CFO Transition
• Negative Sentiment: FIS is halting buybacks and some M&A to focus on reducing debt, limiting near-term capital returns. JPMorgan, Oppenheimer and William Blair also cut their ratings, reflecting reduced confidence after the guidance reset. FIS Halts Buybacks and Some M&A

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.