The Goldman Sachs Group Cuts Fidelity National Information Services (NYSE:FIS) Price Target to $65.00

Fidelity National Information Services (NYSE:FIS) had its target price lowered by The Goldman Sachs Group from $70.00 to $65.00 in a report issued on Monday morning,Fidelity reports. The brokerage currently has a buy rating on the information technology services provider’s stock.

FIS has been the subject of a number of other research reports. TD Cowen dropped their price objective on shares of Fidelity National Information Services from $89.00 to $78.00 and set a “buy” rating for the company in a research note on Wednesday, February 25th. Cantor Fitzgerald began coverage on shares of Fidelity National Information Services in a research note on Tuesday, January 27th. They issued an “overweight” rating and a $72.00 price objective for the company. Royal Bank Of Canada dropped their price objective on shares of Fidelity National Information Services from $86.00 to $69.00 and set an “outperform” rating for the company in a research note on Tuesday, February 24th. JPMorgan Chase & Co. dropped their price objective on shares of Fidelity National Information Services from $80.00 to $65.00 and set an “overweight” rating for the company in a research note on Thursday, February 12th. Finally, Truist Financial lowered their target price on shares of Fidelity National Information Services from $69.00 to $57.00 and set a “hold” rating on the stock in a report on Tuesday, March 3rd. Fourteen analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Fidelity National Information Services currently has an average rating of “Moderate Buy” and an average target price of $68.71.

Fidelity National Information Services Price Performance

Shares of Fidelity National Information Services stock opened at $48.38 on Monday. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.59 and a quick ratio of 0.59. Fidelity National Information Services has a fifty-two week low of $43.29 and a fifty-two week high of $82.74. The firm has a fifty day moving average price of $48.57 and a two-hundred day moving average price of $59.07. The company has a market cap of $24.89 billion, a PE ratio of 66.28, a price-to-earnings-growth ratio of 0.46 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 earnings per share for the quarter, missing analysts’ consensus estimates 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 company had revenue of $2.81 billion during the quarter, compared to the consensus estimate of $2.74 billion. During the same period last year, the company earned $1.40 earnings per share. Fidelity National Information Services’s revenue for the quarter 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. Analysts expect that Fidelity National Information Services will post 5.74 EPS for the current year.

Fidelity National Information Services Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 24th. Investors of record on Tuesday, March 10th were given a dividend of $0.44 per share. This is a positive change from Fidelity National Information Services’s previous quarterly dividend of $0.40. The ex-dividend date was Tuesday, March 10th. This represents a $1.76 annualized dividend and a yield of 3.6%. Fidelity National Information Services’s dividend payout ratio is currently 241.10%.

Insider Transactions at Fidelity National Information Services

In related 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 acquired at an average price of $50.39 per share, for a total transaction of $1,000,039.94. Following the transaction, the chief executive officer directly owned 281,458 shares in the company, valued at approximately $14,182,668.62. This represents a 7.59% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.21% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Salomon & Ludwin LLC lifted its position in Fidelity National Information Services by 100.5% during the 4th quarter. Salomon & Ludwin LLC now owns 387 shares of the information technology services provider’s stock worth $26,000 after buying an additional 194 shares in the last quarter. Root Financial Partners LLC bought a new stake in Fidelity National Information Services during the 3rd quarter worth about $29,000. LRI Investments LLC raised its holdings in Fidelity National Information Services by 613.1% during the 3rd quarter. LRI Investments LLC now owns 435 shares of the information technology services provider’s stock worth $29,000 after purchasing an additional 374 shares during the last quarter. Raiffeisen Bank International AG bought a new stake in Fidelity National Information Services during the 3rd quarter worth about $29,000. Finally, GoalVest Advisory LLC bought a new stake in Fidelity National Information Services during the 4th quarter worth about $33,000. Institutional investors and hedge funds 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.