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

Fidelity National Information Services (NYSE:FIS) had its target price reduced by equities research analysts at Truist Financial from $57.00 to $50.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has a “hold” rating on the information technology services provider’s stock. Truist Financial’s target price points to a potential upside of 9.29% from the company’s current price.

Several other equities research analysts have also recently issued reports on the stock. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $70.00 price objective on shares of Fidelity National Information Services in a research report on Thursday, January 15th. Royal Bank Of Canada reduced their price objective on shares of Fidelity National Information Services from $86.00 to $69.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 24th. Compass Point reduced their price objective on shares of Fidelity National Information Services from $90.00 to $81.00 and set a “buy” rating on the stock in a research report on Tuesday, January 13th. Cantor Fitzgerald initiated coverage on shares of Fidelity National Information Services in a research report on Tuesday, January 27th. They set an “overweight” rating and a $72.00 price objective on the stock. Finally, TD Cowen reduced 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 issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $67.10.

Fidelity National Information Services Price Performance

NYSE FIS opened at $45.75 on Friday. Fidelity National Information Services has a 12 month low of $43.29 and a 12 month high of $82.74. The stock has a market cap of $23.53 billion, a price-to-earnings ratio of 62.67, a PEG ratio of 0.45 and a beta of 0.90. The company’s 50 day moving average is $48.30 and its two-hundred day moving average is $58.13. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.65.

Fidelity National Information Services (NYSE:FIS) last released its earnings results on Tuesday, February 24th. The information technology services provider reported $1.68 EPS for the quarter, missing analysts’ consensus estimates of $1.69 by ($0.01). Fidelity National Information Services had a return on equity of 21.21% and a net margin of 3.58%.The firm had revenue of $2.81 billion for the quarter, compared to the consensus estimate of $2.74 billion. During the same quarter in the previous year, the business posted $1.40 EPS. Fidelity National Information Services’s revenue was up 8.2% on a year-over-year basis. 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, research analysts anticipate that Fidelity National Information Services will post 6.28 earnings per share for the current year.

Insiders Place Their Bets

In other Fidelity National Information Services news, CEO Stephanie Ferris purchased 19,846 shares of Fidelity National Information Services stock in a transaction that occurred on Thursday, March 5th. The shares were bought at an average price of $50.39 per share, for a total transaction of $1,000,039.94. Following the completion of the transaction, the chief executive officer owned 281,458 shares of the company’s stock, valued at approximately $14,182,668.62. This trade represents a 7.59% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 0.21% of the company’s stock.

Institutional Investors Weigh In On Fidelity National Information Services

Large investors have recently bought and sold shares of the business. Nordea Investment Management AB increased its position in Fidelity National Information Services by 15.4% during the fourth quarter. Nordea Investment Management AB now owns 1,440,210 shares of the information technology services provider’s stock valued at $96,048,000 after acquiring an additional 191,957 shares during the last quarter. AGF Management Ltd. bought a new position in Fidelity National Information Services during the third quarter valued at $3,096,000. Clear Trail Advisors LLC bought a new position in Fidelity National Information Services during the fourth quarter valued at $2,590,000. Independent Advisor Alliance increased its position in Fidelity National Information Services by 177.8% during the third quarter. Independent Advisor Alliance now owns 39,987 shares of the information technology services provider’s stock valued at $2,637,000 after acquiring an additional 25,593 shares during the last quarter. Finally, Assetmark Inc. increased its position in Fidelity National Information Services by 45.1% during the third quarter. Assetmark Inc. now owns 265,518 shares of the information technology services provider’s stock valued at $17,508,000 after acquiring an additional 82,518 shares during the last quarter. Institutional investors own 96.23% of the company’s stock.

Fidelity National Information Services Company Profile

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.