Fidelity National Information Services (NYSE:FIS) Price Target Lowered to $53.00 at TD Cowen

Fidelity National Information Services (NYSE:FIS) had its price objective decreased by analysts at TD Cowen from $58.00 to $53.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the information technology services provider’s stock. TD Cowen’s target price indicates a potential upside of 31.51% from the stock’s current price.

Several other research firms have also commented on FIS. BNP Paribas Exane dropped their price objective on shares of Fidelity National Information Services from $40.00 to $37.00 and set an “underperform” rating for the company in a research note on Thursday, May 14th. Truist Financial lowered their price target on shares of Fidelity National Information Services from $45.00 to $43.00 and set a “hold” rating for the company in a research report on Friday, July 24th. Oppenheimer cut their target price on Fidelity National Information Services from $69.00 to $62.00 in a research note on Friday, May 8th. Cantor Fitzgerald decreased their price objective on Fidelity National Information Services from $55.00 to $50.00 and set an “overweight” rating for the company in a report on Monday, August 10th. Finally, Barclays lowered their target price on shares of Fidelity National Information Services from $44.00 to $43.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 5th. Ten investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Fidelity National Information Services has a consensus rating of “Hold” and a consensus target price of $53.96.

Fidelity National Information Services Stock Down 0.4%

Shares of FIS opened at $40.30 on Wednesday. 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 business’s 50 day moving average is $41.48 and its 200 day moving average is $44.57. Fidelity National Information Services has a 12-month low of $37.42 and a 12-month high of $70.78. The company has a market capitalization of $20.83 billion, a PE ratio of 6.18, a price-to-earnings-growth ratio of 0.42 and a beta of 0.77.

Fidelity National Information Services (NYSE:FIS) last posted its earnings results on Tuesday, August 4th. The information technology services provider reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.01. Fidelity National Information Services had a net margin of 27.64% and a return on equity of 20.95%. The company had revenue of $3.38 billion during the quarter, compared to analysts’ expectations of $3.38 billion. During the same period last year, the company posted $1.36 earnings per share. Fidelity National Information Services’s quarterly revenue was up 29.1% on a year-over-year basis. Fidelity National Information Services has set its FY 2026 guidance at 6.150-6.240 EPS and its Q3 2026 guidance at 1.580-1.620 EPS. Research analysts expect that Fidelity National Information Services will post 6.19 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Fidelity National Information Services

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. MBM Wealth Consultants LLC purchased a new stake in shares of Fidelity National Information Services in the 1st quarter valued at approximately $33,000. Reflection Asset Management acquired a new position in Fidelity National Information Services in the fourth quarter valued at $34,000. Kemnay Advisory Services Inc. purchased a new stake in Fidelity National Information Services during the 4th quarter valued at approximately $42,000. DV Equities LLC purchased a new position in Fidelity National Information Services during the 4th quarter worth $48,000. Finally, Hantz Financial Services Inc. boosted its holdings in Fidelity National Information Services by 254.5% in the 4th quarter. Hantz Financial Services Inc. now owns 833 shares of the information technology services provider’s stock valued at $55,000 after purchasing an additional 598 shares in the last quarter. Hedge funds and other institutional investors own 96.23% of the company’s stock.

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.