Truist Financial Issues Pessimistic Forecast for Fidelity National Information Services (NYSE:FIS) Stock Price

Fidelity National Information Services (NYSE:FIS) had its target price decreased by analysts at Truist Financial from $69.00 to $57.00 in a report issued on Tuesday,Benzinga reports. The firm presently has a “hold” rating on the information technology services provider’s stock. Truist Financial’s price objective points to a potential upside of 13.98% from the stock’s current price.

Several other brokerages have also recently commented on FIS. Citigroup decreased their target price on Fidelity National Information Services from $70.00 to $53.00 and set a “neutral” rating for the company in a research report on Wednesday, February 25th. BNP Paribas Exane decreased their price objective on Fidelity National Information Services from $60.00 to $55.00 and set an “underperform” rating for the company in a research report on Tuesday, January 20th. Keefe, Bruyette & Woods dropped their target price on Fidelity National Information Services from $85.00 to $72.00 and set an “outperform” rating on the stock in a report on Wednesday, February 25th. Stephens reduced their price target on shares of Fidelity National Information Services from $90.00 to $85.00 and set an “overweight” rating for the company in a research report on Friday, January 16th. Finally, TD Cowen lowered their price objective on shares of Fidelity National Information Services from $89.00 to $78.00 and set a “buy” rating on the stock in a research report on Wednesday, February 25th. Thirteen equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $69.85.

Fidelity National Information Services Stock Performance

Fidelity National Information Services stock opened at $50.01 on Tuesday. Fidelity National Information Services has a fifty-two week low of $46.16 and a fifty-two week high of $82.74. The firm’s 50 day simple moving average is $57.09 and its 200-day simple moving average is $63.19. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.59 and a quick ratio of 0.59. The company has a market cap of $25.73 billion, a P/E ratio of 68.51, a price-to-earnings-growth ratio of 0.47 and a beta of 0.90.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings results on Tuesday, February 24th. The information technology services provider reported $1.68 EPS for the quarter, missing the consensus estimate of $1.69 by ($0.01). Fidelity National Information Services had a net margin of 3.58% and a return on equity of 21.21%. The firm had revenue of $2.81 billion during the quarter, compared to analysts’ expectations of $2.74 billion. During the same quarter last year, the company posted $1.40 EPS. The firm’s revenue was up 8.2% compared to the same quarter last year. Fidelity National Information Services has set its Q1 2026 guidance at 1.260-1.300 EPS and its FY 2026 guidance at 6.220-6.320 EPS. As a group, equities research analysts predict that Fidelity National Information Services will post 5.74 EPS for the current year.

Insider Transactions at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein bought 941 shares of the firm’s stock in a transaction on Thursday, January 15th. The stock was bought at an average cost of $64.11 per share, with a total value of $60,327.51. Following the completion of the transaction, the director directly owned 14,529 shares of the company’s stock, valued at approximately $931,454.19. The trade was a 6.93% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.21% of the stock is owned by company insiders.

Hedge Funds Weigh In On Fidelity National Information Services

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FIS. Pinnacle Bancorp Inc. boosted its holdings in shares of Fidelity National Information Services by 21.9% during the 3rd quarter. Pinnacle Bancorp Inc. now owns 835 shares of the information technology services provider’s stock worth $55,000 after buying an additional 150 shares during the period. BOKF NA boosted its holdings in Fidelity National Information Services by 0.6% during the third quarter. BOKF NA now owns 28,031 shares of the information technology services provider’s stock valued at $1,848,000 after acquiring an additional 159 shares during the period. Fiduciary Trust Co grew its position in shares of Fidelity National Information Services by 4.9% in the third quarter. Fiduciary Trust Co now owns 3,465 shares of the information technology services provider’s stock valued at $228,000 after purchasing an additional 161 shares during the last quarter. Wealthspire Advisors LLC increased its stake in shares of Fidelity National Information Services by 3.1% in the second quarter. Wealthspire Advisors LLC now owns 5,426 shares of the information technology services provider’s stock worth $442,000 after purchasing an additional 162 shares during the period. Finally, FJ Capital Management LLC lifted its position in shares of Fidelity National Information Services by 4.7% during the 2nd quarter. FJ Capital Management LLC now owns 3,600 shares of the information technology services provider’s stock worth $293,000 after purchasing an additional 163 shares during the last quarter. Institutional investors and hedge funds 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.