Truist Financial Lowers Fidelity National Information Services (NYSE:FIS) Price Target to $43.00

Fidelity National Information Services (NYSE:FIS) had its target price lowered by investment analysts at Truist Financial from $45.00 to $43.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has a “hold” rating on the information technology services provider’s stock. Truist Financial’s price target indicates a potential upside of 3.41% from the company’s previous close.

Several other research analysts have also recently weighed in on the company. Stephens lowered their price objective on Fidelity National Information Services from $85.00 to $65.00 and set an “overweight” rating on the stock in a research report on Friday, May 8th. The Goldman Sachs Group decreased their price target on shares of Fidelity National Information Services from $65.00 to $57.00 and set a “buy” rating on the stock in a research note on Monday, May 11th. Oppenheimer lowered their price target on shares of Fidelity National Information Services from $69.00 to $62.00 in a research report on Friday, May 8th. Cantor Fitzgerald dropped their price objective on shares of 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, Weiss Ratings downgraded shares of Fidelity National Information Services from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, July 9th. Thirteen research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Fidelity National Information Services has an average rating of “Hold” and a consensus target price of $58.68.

Fidelity National Information Services Stock Up 3.9%

Fidelity National Information Services stock opened at $41.58 on Friday. Fidelity National Information Services has a twelve month low of $37.42 and a twelve month high of $82.62. The stock has a market cap of $21.49 billion, a P/E ratio of 8.06, a P/E/G ratio of 0.41 and a beta of 0.80. The company’s 50-day moving average price is $40.87 and its two-hundred day moving average price is $47.47. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 1.05.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of FIS. Norges Bank bought a new position in Fidelity National Information Services in the fourth quarter valued at approximately $495,956,000. OP Asset Management Ltd bought a new stake in Fidelity National Information Services during the first quarter worth $2,509,000. Brighton Jones LLC acquired a new stake in shares of Fidelity National Information Services in the 4th quarter valued at $347,000. PFA Pension Forsikringsaktieselskab acquired a new stake in shares of Fidelity National Information Services in the 4th quarter valued at $17,353,000. Finally, Baupost Group LLC MA increased its stake in shares of Fidelity National Information Services by 18.8% in the 4th quarter. Baupost Group LLC MA now owns 4,503,801 shares of the information technology services provider’s stock valued at $299,323,000 after purchasing an additional 714,090 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.