Fidelity National Information Services (NYSE:FIS) Given New $38.00 Price Target at TD Cowen

Fidelity National Information Services (NYSE:FIS) had its price objective reduced by TD Cowen from $47.00 to $38.00 in a research report report published on Thursday,Benzinga reports. TD Cowen currently has a buy rating on the information technology services provider’s stock.

FIS has been the topic of several other research reports. UBS Group reaffirmed an “outperform” rating on shares of Fidelity National Information Services in a report on Thursday. Truist Financial cut their price target on shares of Fidelity National Information Services from $43.00 to $37.00 and set a “hold” rating for the company in a report on Friday, October 23rd. Royal Bank Of Canada lowered shares of Fidelity National Information Services from an “outperform” rating to a “sector perform” rating and reduced their price target for the company from $53.00 to $37.00 in a research report on Thursday. William Blair cut shares of Fidelity National Information Services from an “outperform” rating to a “market perform” rating in a research note on Wednesday. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on shares of 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. Nine investment analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $42.88.

Fidelity National Information Services Price Performance

Shares of NYSE:FIS opened at $29.40 on Thursday. Fidelity National Information Services has a 1-year low of $28.86 and a 1-year high of $68.37. The firm has a market capitalization of $15.20 billion, a PE ratio of 4.39, a PEG ratio of 0.36 and a beta of 0.84. The business’s 50 day moving average is $36.47 and its 200-day moving average is $43.31. The company has a current ratio of 0.55, a quick ratio of 0.53 and a debt-to-equity ratio of 0.93.

Fidelity National Information Services (NYSE:FIS) last posted its 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 net margin of 26.77% and a return on equity of 20.42%. The business had revenue of $3.45 billion for the quarter, compared to analysts’ expectations of $3.43 billion. During the same quarter in the previous year, the firm posted $1.51 earnings per share. The firm’s revenue for the quarter was up 27.1% on a year-over-year basis. Sell-side analysts predict that Fidelity National Information Services will post 5.96 earnings per share for the current year.

Fidelity National Information Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 28th. Investors of record on Monday, December 14th will be paid a dividend of $0.44 per share. The ex-dividend date of this dividend is Monday, December 14th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 6.0%. Fidelity National Information Services’s payout ratio is 27.04%.

Insider Activity

In other 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 purchased 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 in the company, valued at $680,570.80. This trade represents a 9.26% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at 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.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Fifth Third Bancorp increased its holdings in Fidelity National Information Services by 15.1% during the 3rd quarter. Fifth Third Bancorp now owns 257,368 shares of the information technology services provider’s stock worth $8,467,000 after purchasing an additional 33,672 shares in the last quarter. Maryland State Retirement & Pension System raised its stake in shares of Fidelity National Information Services by 12.6% in the 3rd quarter. Maryland State Retirement & Pension System now owns 30,940 shares of the information technology services provider’s stock valued at $1,018,000 after purchasing an additional 3,466 shares during the period. Jacobi Capital Management LLC acquired a new stake in shares of Fidelity National Information Services in the 3rd quarter valued at about $123,000. First Command Advisory Services Inc. raised its stake in shares of Fidelity National Information Services by 362.9% in the 3rd quarter. First Command Advisory Services Inc. now owns 1,134 shares of the information technology services provider’s stock valued at $37,000 after purchasing an additional 889 shares during the period. Finally, AlphaCore Capital LLC lifted its holdings in shares of Fidelity National Information Services by 127.5% in the third quarter. AlphaCore Capital LLC now owns 12,959 shares of the information technology services provider’s stock valued at $426,000 after purchasing an additional 7,262 shares in the last quarter. Institutional investors own 96.23% of the company’s stock.

More 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 earnings of $1.61 per share, slightly above the $1.60 consensus, while revenue of $3.45 billion also topped expectations and rose 27.1% year over year. FIS Reports Third Quarter 2026 Results
• Neutral Sentiment: Some analysts still see potential upside from current levels: TD Cowen maintained a Buy rating with a $38 target, and Goldman Sachs retained Buy with a $35 target. Both firms lowered their targets, however, reflecting a more cautious outlook. TD Cowen recommendations
• Negative Sentiment: FIS cut its 2026 adjusted EPS outlook to $5.82–$5.89, below the roughly $6.20 analyst estimate. It also reduced its Banking Solutions revenue-growth forecast to 3.5%–4% from 5%–5.5%, citing delayed client conversions and bank consolidation. FIS Cuts Banking Growth Outlook Amid Project Delays
• Negative Sentiment: The company plans to pause share buybacks and limit some M&A as it focuses on deleveraging, reducing a potential source of shareholder returns. FIS Plunges as Fintech Halts Buybacks, Some M&A to Deleverage
• Negative Sentiment: CFO James Kehoe is stepping down, with Alexandra Brooks named interim CFO. The leadership change adds uncertainty amid the outlook reduction. FIS Announces CFO Transition
• Negative Sentiment: Several firms downgraded FIS or sharply reduced price targets, including Bank of America and RBC; the wave of revisions signals diminished confidence despite targets generally remaining above the cited share price. Bank of America recommendations

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.